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The Associated Press October 11, 2010, 4:46PM ET

Health Care REIT invests $702.5M in 3Q

Health Care REIT Inc. said Monday it invested $702.5 million on senior housing, medical office buildings and other properties and projects in the third quarter.

The real estate investment trust has made gross investments totaling $1.6 billion so far this year and anticipates exceeding the $2 billion mark for the full year.

"Our robust investment pipeline, which currently exceeds $5 billion, further demonstrates the success of our platform and relationship-based investment approach," said CEO George Chapman.

The company is scheduled to report its third-quarter financial results on Nov. 3.

Health Care REIT shares rose 13 cents to $48.84 on Monday.

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