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NATIONWIDE COMPLETES $29 MILLION IN NEW INVESTMENTS

 NEWPORT BEACH, Calif., June 8 /PRNewswire/ -- Nationwide Health Properties Inc. (NYSE: NHP) announced today that during the last few weeks it has completed transactions aggregating approximately $29 million. These transactions consist of the acquisition of three facilities and mortgage investments in another four facilities. In addition, one of the transactions involved the acquisition of six facilities on which the company previously had mortgage investments.
 All of the facilities are long-term care facilities and located in the states of Texas, Virginia, Michigan and Kansas. The facilities are operated by companies who already operate other facilities owned by the company. These operators are Living Centers of America, Horizon Healthcare Corp., Liberty Health Care and Cotru Inc.
 "These investments are all good additions to the company's portfolio," said R. Bruce Andrews, president and chief executive officer. "We are particularly pleased about converting six of our mortgages that had been acquired from the RTC into equity ownership and long-term leases."
 Nationwide Health Properties Inc. is a real estate company that invests in health care facilities. The company has investments in 159 facilities in 28 states.
 -0- 6/8/93 R
 /CONTACT: R. Bruce Andrews, president and CEO, or T. Andrew Stokes, VP and chief development officer, of Nationwide Health Properties, 714-251-1211/
 (NHP)


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

237 06-08-93 09:04 EDT JB-JL -- LA005R -- 6507 06/08/93 11:23 EDT
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Publication:PR Newswire
Date:Jun 8, 1993
Words:233
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