NATIONWIDE HEALTH PROPERTIES COMPLETES SALE OF 3,000,000 SHARES OF COMMON STOCK
NATIONWIDE HEALTH PROPERTIES COMPLETES SALE
OF 3,000,000 SHARES OF COMMON STOCK
NEWPORT BEACH, Calif., June 30 /PRNewswire/ -- Nationwide Health Properties (NYSE: NHP) announced today that it has completed the sale of 3,000,000 shares of Nationwide Health Properties common stock at a price of $28 per share. The shares were acquired by numerous institutional investors in the United States and Europe.
The company will use the net proceeds from the issuance of the securities in connection with its $85.7 million acquisition of performing mortgages on 45 health care facilities from the Resolution Trust Corp.
The company had filed a registration statement with the Securities and Exchange Commission for the sale of 2,000,000 shares on June 8, 1992. "The favorable response of the investment community to the $85.7 million acquisition of mortgage loans enabled the company to increase the issue to 3,000,000 shares," said R. Bruce Andrews, president and chief executive officer.
The transaction was arranged by National Westminster Bank, PLC, Capital Markets Branch.
Nationwide Health Properties Inc. is a real estate investment trust that invests in health care facilities.
/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: SU: KJ-EH -- LA002 -- 5042 06/30/92 09:30 EDT