REIT’S THREE-YEAR BUYING BINGE COULD BE OVER
By Jessica Griffith
Health Care REIT Inc. added 25 skilled nursing facilities and five specialty care centers to its investment portfolio during the second quarter. But, the company does not plan to purchase a significant number of buildings during the second half of 2005.
“We could end up acquiring more, but given what we see as opportunities to buy, we think we are better off selling assets,” president and CFO Ray Braun says. “We anticipate selling more than acquiring.”
Dispositions during the third and fourth quarters will total $50 million to $200 million, according to a corporate press release.
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