Health Care REIT, Inc. (NYSE:HCN) announced that it completed $177.7 million of gross investments during the second quarter of 2009. During the quarter, the company had dispositions of $78.7 million, resulting in net new investments of $98.9 million. For the six months ended June 30, 2009, the company completed $351.4 million of gross investments, offset by $123.0 million of property sales and loan payoffs, which generated $228.4 million of net new investments. The following is a summary of the company’s gross investments (dollars in thousands):
| Properties | Amount | |||
| Development projects: | ||||
| CCRC – entrance fee | 3 | 22,789 | ||
| CCRC – rental | 1 | 422 | ||
| Combination – entrance fee | 4 | 22,636 | ||
| Combination – rental | 14 | 44,220 | ||
| Freestanding dementia care | 2 | 2,109 | ||
| Freestanding skilled nursing | 1 | 2,461 | ||
| Specialty care facilities | 3 | 29,645 | ||
| Medical office buildings | 5 | 19,444 | ||
| Total development projects | 33 | 143,726 | ||
| Expansion projects: | ||||
| CCRC – entrance fee | 3 | 397 | ||
| Combination – entrance fee | 4 | 500 | ||
| Total expansion projects | 7 | 897 | ||
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