NHP Announces 2010 Investment Activity

NEWPORT BEACH, Calif., April 14 /PRNewswire-FirstCall/ -- Nationwide Health Properties, Inc. (NYSE: NHP) today announced an $80.1 million mortgage loan investment at an interest rate of 8.25% which closed on March 31, 2010. The loan, secured by a medical office portfolio geographically dispersed across seven states, represents approximately 70% of appraised value. This transaction brings NHP's closed investment total to $371.5 million.

NHP also announced agreements in principle for an additional $99.5 million of investments at a blended initial yield of 8.9% which are expected to close by mid May. If these remaining transactions are successfully completed, NHP's investment total would approximate $471.0 million.  "As we indicated in our last earnings call, NHP has focused on investment growth and we are pleased with the investments we have closed and expect to close in the near future," commented Don Bradley, NHP's Chief Investment Officer.

Nationwide Health Properties, Inc. is a real estate investment trust (REIT) that invests primarily in healthcare real estate in the United States. As of December 31, 2009, the Company's portfolio of properties, including mortgage loans and properties owned by unconsolidated joint ventures, totaled 576 properties among the following segments: 279 senior housing facilities, 197 skilled nursing facilities, 82 medical office buildings, 11 continuing care retirement communities and 7 specialty hospitals. For more information on Nationwide Health Properties, Inc., visit our website at http://www.nhp-reit.com.

SOURCE Nationwide Health Properties, Inc.