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TOLEDO, OH-Health Care REIT Inc. has priced a public offering of $175million of senior unsecured notes due 2007 at an effective yield of 7.775%. Proceeds from the sale of the securities will be used to repay borrowings under the company’s revolving lines of credit and to invest in additional health care properties.

Deutsche Banc Alex. Brown and UBS Warburg acted as joint-lead managers. Legg Mason Wood Walker Inc. and Raymond James & Associates Inc. acted as co-managers.

Health Care REIT invests in health care facilities, primarily nursing homes and assisted living facilities. At June 30, the company had investments in 203 health care facilities in 33 states and had total assets of approximately $1.2 billion.

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