REIT Prices Stock Offering

Published September 05, 2008, 1:00 p.m. EDT

1 Min Read

Health Care REIT Inc., Toledo, Ohio, has priced a public offering of 7.0 million shares of common stock at $48 per share. The company said it plans to use the proceeds to invest in additional health care and senior housing properties. The underwriters have been given an option to buy up to $1.05 million additional shares to cover any overallotments. The joint book-running managers of the offering are Deutsche Bank Securities Inc., Banc of America Securities LLC, UBS Investment Bank, and Merrill Lynch & Co. The real estate investment trust can be found on the Internet at http://www.hcreit.com.

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