TOLEDO, Ohio--(BUSINESS WIRE)--April 11, 2005--Health Care REIT, Inc. (NYSE:HCN) announced today that it completed $63.5 million of gross investments during the first quarter of 2005.

The investment activity during the quarter consisted of approximately 80 percent real property investments and 20 percent loans. New acquisitions for the quarter totaled $41.8 million and included three assisted living facilities with 256 units for $39.6 million and one skilled nursing facility with 78 beds for $2.2 million. The balance of the gross investment amount consisted of construction and other advances primarily for existing operators. During the quarter, the company had asset sales and loan payoffs of $28.8 million, including a subdebt investment with one operator, one assisted living facility and one parcel of land. Net new investments for the quarter totaled $34.7 million.

The company also confirmed that it will release its 2005 first quarter earnings results after the market closes on May 5, 2005. A conference call is scheduled for 9:00 a.m. Eastern time on May 6, 2005 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 800-810-0924 or 913-981-4900. 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 May 6, 2005 through May 13, 2005. To access the rebroadcast, dial 888-203-1112 or 719-457-0820. The conference ID number is 8517084. To participate on the webcast, log on to www.hcreit.com or www.fulldisclosure.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 primarily in skilled nursing and assisted living facilities. At March 31, 2005, the company had investments in 237 assisted living facilities, 153 skilled nursing facilities and eight specialty care facilities located in 35 states and managed by 51 different operators. More information is available on the Internet at www.hcreit.com.

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

SOURCE: Health Care Reit, Inc.