Health Care REIT completes $3.2 billion gross investments during 2010

Health Care REIT, Inc. announced today that it completed $3.2 billion of gross investments during calendar 2010. During the year, the company had dispositions of $196 million, resulting in 2010 net investments of $3.0 billion. For the three months ended December 31, 2010, the company completed $1.6 billion of gross investments, offset by $77 million of asset sales and loan payoffs, generating $1.5 billion of net new investments for the fourth quarter. Approximately $1.2 billion of our fourth quarter investments closed during the final week of December.

“Health Care REIT's relationship-driven investment strategy has delivered unprecedented growth in 2010”

"Health Care REIT's relationship-driven investment strategy has delivered unprecedented growth in 2010," commented George L. Chapman, chief executive officer of Health Care REIT, Inc. "We have completed $3.2 billion of investments, exceeding the high-end of our most recent 2010 guidance by $450 million. Our growth has been disciplined as we continue to opportunistically form partnerships with the premier operators and health systems throughout the health care industry. We expect that our sector-leading operator and health system relationships will generate a consistent, predictable pipeline of proprietary investment opportunities. Most importantly, the substantial level of investments we completed in 2010 positions the company for more significant earnings growth in 2011."