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NATIONWIDE HEALTH PROPERTIES INC. ENTERS INTO NEW $70,000,000, THREE-YEAR, UNSECURED REVOLVING CREDIT AGREEMENT

 NEWPORT BEACH, Calif., May 26 /PRNewswire/ -- Nationwide Health Properties Inc. (NYSE: NHP) announced today that it has entered into a new $70,000,000 revolving line of credit. The new line is unsecured and matures on March 31, 1996.
 The line is led by Wells Fargo Bank, National Association, and participant banks include National Westminster Bank USA, The Daiwa Bank Ltd. and Sanwa Bank California.
 "We are pleased by the interest generated in the new line by the bank group," said R. Bruce Andrews, president and chief executive officer. "This increased line of credit will give NHP additional financing and investment flexibility for more or larger investments in new health-related properties prior to accessing the capital markets for permanent financing."
 Nationwide Health Properties Inc. is a real estate investment trust that invests in health care facilities. The company has investments in 156 facilities in 28 states.
 -0- 5/26/93
 /CONTACT: R. Bruce Andrews, president and CEO, or Mark L. Desmond, VP and treasurer, of Nationwide Health Properties, 714-251-1211/
 (NHP)


CO: Nationwide Health Properties Inc. ST: California IN: HEA FIN SU:

JB-JL -- LA006 -- 2324 05/26/93 09:15 EDT
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Publication:PR Newswire
Date:May 26, 1993
Words:190
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