REIT Prices Stock Offering

April 13, 2007, 2:00 p.m. EDT 1 Min Read

Health Care REIT, Toledo, Ohio, has priced an offering of 5.5 million shares of common stock at $44.01 per share.The underwriters have been granted a 30-day option to buy up to 825,000 additional shares to cover any overallotments. The estimated $230.8 million in net proceeds (or approximately $265.4 million if the overallotment option is fully exercised) will be used to invest in additional health care and senior-housing properties, the real estate investment trust said. The joint book-running managers for the offering are UBS Investment Bank and Deutsche Bank Securities. The REIT can be found online at http://www.hcreit.com.

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