TOLEDO, Ohio--(BUSINESS WIRE)--July 10, 2006--Health Care REIT, Inc. (NYSE:HCN) announced today that it completed $97.0 million of gross investments during the second quarter of 2006. During the quarter, the company had asset sales and loan payoffs of $16.3 million. Net new investments for the quarter totaled $80.7 million. For the six months ended June 30, 2006, the company completed $220.0 million of gross investments offset by $52.9 million of asset sales and loan payoffs, which generated $167.1 million of net new investments. The following is a summary of the company's gross investment activities (dollars in thousands):

                      Current Quarter              Year-To-Date
                 -------------------------- --------------------------
                            Beds/                      Beds/
                 Facilities Units   Amount  Facilities Units   Amount
                 ---------- ------ -------- ---------- ------ --------

Real property
 acquisitions:
  Independent/
   CCRC               1       151  $ 6,781       1       151  $  6,781
  Assisted living     1       174   20,000       3       209    26,150
  Skilled nursing     3       244   16,462      11     1,104    87,482
  Land parcels                                                   3,274
                 ---------- ------ -------- ---------- ------ --------
  Total
   acquisitions       5       569   43,243      15     1,464   123,687

Construction in
 progress advances:
  Independent/
   CCRC               3       467   18,336       3       467    21,354
  Assisted living    20     1,292   15,136      20     1,292    39,429
  Skilled nursing     3       263    6,235       3       263    11,134
                 ---------- ------ -------- ---------- ------ --------
  Total CIP
   advances          26     2,022   39,707      26     2,022    71,917

Capital
 improvements to
 existing
 properties                          5,964                       8,650
Loan advances                        8,036                      15,779
                                   --------                   --------
Gross investments                  $96,950                    $220,033
                                   ========                   ========

The company also confirmed that it will release its 2006 second quarter earnings results after the market closes on July 19, 2006. A conference call is scheduled for 9:00 a.m. Eastern time on July 20, 2006 to discuss these results. The information to be discussed on the call will be contained in the company's earnings release, which will be available on the press releases page of the company's Web site at www.hcreit.com.

The conference call will be accessible by telephone and through the Internet. Telephone access will be available by dialing 800-811-0667 or 913-981-4901 (international). Callers to this number will be able to listen to the company's business update. For those unable to listen to the call live, a taped rebroadcast will be available beginning two hours after completion of the live call on July 20, 2006 through August 3, 2006. To access the rebroadcast, dial 888-203-1112 or 719-457-0820 (international). The conference ID number is 7840792. To participate on the webcast, log on to www.hcreit.com or www.earnings.com 15 minutes before the call to download the necessary software. A replay will be available on these Web sites for 90 days.

Health Care REIT, Inc., with headquarters in Toledo, Ohio, is a real estate investment trust that invests in health care and senior housing properties. At June 30, 2006, the company had investments in 464 facilities located in 37 states and managed by 57 different operators. The portfolio included 35 independent living/continuing care retirement communities, 203 assisted living facilities, 213 skilled nursing facilities and 13 specialty care facilities. More information is available on the Internet at www.hcreit.com.

CONTACT: Health Care REIT, Inc.
Scott Estes, 419-247-2800
Mike Crabtree, 419-247-2800

SOURCE: Health Care REIT, Inc.