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NATIONWIDE HEALTH PROPERTIES INC. ACQUIRES MORTGAGE LOAN PORTFOLIO FOR $85,679,000

 NATIONWIDE HEALTH PROPERTIES INC. ACQUIRES
 MORTGAGE LOAN PORTFOLIO FOR $85,679,000
 NEWPORT BEACH, Calif., June 1 /PRNewswire/ -- Nationwide Health Properties Inc. (NYSE: NHP) announced today that it has entered into a contract to acquire a portfolio of mortgages secured by health care properties for $85,679,000. These seasoned, performing loans currently have an outstanding balance of $96,100,000 and are being acquired from the Resolution Trust Corp. The portfolio consists of 25 separate loans collateralized by 45 long-term care facilities located in 12 different states. The loans were originally made during the years 1985-1988 and currently have an average maturity of approximately four years.
 "This is an excellent addition to the company's portfolio of investments," said R. Bruce Andrews, president and chief executive officer. "The price negotiated for these mortgages are expected to provide the company with a yield to maturity over the next four years in excess of 14 percent and is expected to result in an increase in the company's cash flow of $.19 to $.21 per share on an annualized basis. Each of these loans represent a solid, secure investment for the company. Furthermore, at the maturity dates of each loan, opportunities to refinance the properties may be available."
 The company anticipates closing this transaction on or about July 9, 1992. The company indicated that it has retained National Westminster Bank PLC to arrange for financing the transaction.
 Nationwide Health Properties Inc. is a real estate investment trust that invests in health care facilities. The company owns 112 facilities in 26 states.
 -0- 6/1/92
 /CONTACT: R. Bruce Andrews, president and CEO, or Mark Desmond, VP & treasurer, 714-251-1211, of Nationwide Health Properties/
 (NHP) CO: Nationwide Health Properties Inc. ST: California IN: HEA FIN SU: TNM


AL-KJ -- LA009 -- 5520 06/01/92 09:02 EDT
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Publication:PR Newswire
Date:Jun 1, 1992
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