January 10, 1997
Nationwide Health Properties Inc. said it has completed its previously announced purchase of health-care facilities in Oak Park, Ill., and Corpus Christi, Texas, for $27.6 million. Nationwide Health, a real estate investment trust, said the facilities will be leased to American Retirement Corp. The facilities include 230 independent living units, 47 assisted living units and 55 nursing home beds.
October 12, 1994
Nationwide Health Properties Inc. said Tuesday that it has added nine properties to its portfolio of health-care facilities. The real estate investment trust, based in Newport Beach, said it paid $19 million to buy five long-term care facilities that together have more than 600 beds. It also provided $6 million in mortgage financing for four nursing homes. The new facilities bring Nationwide Health Properties' total investments for 1994 to $87 million.
November 28, 1996
Nationwide Health Properties Inc. is planning to sell up to $300 million of securities, according to documents filed Wednesday with the Securities and Exchange Commission. The real estate investment trust, which owns nursing-care and rehabilitative facilities, will sell debt securities, preferred stock, common stock and warrants to purchase the securities. Proceeds will be used for general corporate purposes, which may include the repayment of debt, according to the filing.