Health Care REIT Prices Stock Offering

Published March 06, 2008, 2:00 p.m. EST

1 Min Read

Health Care REIT Inc., a Toledo, Ohio-based real estate investment trust, has priced an offering of 3 million shares of common stock at $41.44 per share. The REIT said it plans to use the net proceeds to invest in additional health care and senior-housing properties. The underwriters have been given an option to buy up to 450,000 additional shares to cover any overallotments. Deutsche Bank Securities and UBS Investment Bank are the joint book-running managers for the offering. The company can be found online at http://www.hcreit.com.

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