Health Care REIT reports $292.9M of gross investments during second-quarter 2010

Jul 9 2010

Health Care REIT, Inc. (NYSE:HCN) announced today that it completed $292.9 million of gross investments during the second quarter of 2010. During the quarter, the company had dispositions of $14.6 million, resulting in net new investments of $278.3 million. For the six months ended June 30, 2010, the company completed $877.6 million of gross investments, offset by $47.5 million of asset sales and loan payoffs, which generated $830.1 million of net new investments.

The company also announced that it will release its 2010 second quarter earnings results after the market closes on August 4, 2010. A conference call is scheduled for 10:00 a.m. Eastern Time on August 5, 2010 to discuss these results. The information to be discussed on the call will be contained in the company's earnings release, which will be available in the News section of the company's website at www.hcreit.com.

The conference call will be accessible by telephone and through the Internet. Telephone access will be available by dialing 888-346-2469 or 706-758-4923 (international). For those unable to listen to the call live, a taped rebroadcast will be available beginning two hours after completion of the call through August 19, 2010. To access the rebroadcast, dial 800-642-1687 or 706-645-9291 (international). The conference ID number is 86007698. To participate in the webcast, log on to www.hcreit.com or www.earnings.com 15 minutes before the call to download the necessary software. Replays will be available for 90 days through the same websites.