Nationwide Health Invests: Nationwide Health Properties Inc....
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Nationwide Health Invests: Nationwide Health Properties Inc. of Newport Beach, which operates a real estate investment trust, said Tuesday that it has invested $29 million in seven health care facilities, buying three and providing mortgage loans for four others.
All the facilities are long-term care operations in Kansas, Michigan, Texas and Virginia.
Nationwide Health, which has investments in 159 health care facilities in 28 states, said two weeks ago that it obtained a $70-million line of credit line from a group of banks led by Wells Fargo & Co. to help meet its goal of investing about $100 million a year in health care facilities.
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