78
      Wednesday
      85 / 63
      Thursday
      81 / 56
      Friday
      75 / 52

      Health Care REIT invests $702.5M in 3Q

      Health Care REIT Inc. said Monday that it has invested $702.5 million on senior housing, medical office buildings and other properties and projects in the third quarter.

      The real estate investment trust has made gross investments totaling $1.6 billion so far this year and anticipates exceeding the $2 billion mark for the full year.

      "Our robust investment pipeline, which currently exceeds $5 billion, further demonstrates the success of our platform and relationship-based investment approach," said CEO George Chapman.

      The company is scheduled to report its third-quarter financial results on Nov. 3.

      Health Care REIT shares rose 13 cents to $48.84 on Monday.

      The company recently moved in to it's new home at the former Dana Corp. headquarters on Dorr St. and Richards.

      (The Associated Press contributed to this article.)

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