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updated 10:22, Tue October 09, 2007

Health Care REIT Invested $230 Million in 3rd Quarter, Including $112.8M in Acquisitions

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TOLEDO, Ohio (AP) -- Real estate investment trust Health Care REIT Inc. said Monday that it made gross investments of $230 million during its third quarter, including $112.8 million in acquisitions.

The company said that its asset sales and loan payoffs totaled $49.2 million during the period, which led it to net new investments of $180.8 million during the quarter.

Health Care's acquisitions included six medical office buildings and a continuing care retirement community.

Health Care also said it will release its third-quarter results on Tuesday, Nov. 6 after the market closes.

Shares fell $1.03, or 2.2 percent, to $45.44 in Monday's trading.

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