Investment Trust Plans to Issue Senior Notes

Health Care Property Investors Inc. said it will issue $60 million of senior notes to raisefunds to help pay off a number of short-term debts incurred for a series of recent property acquisitions.

The Costa Mesa-based real estate investment trust said the 9.5% notes, due Dec 1, 1996, will be used to repay the bank loans on some health-care properties that were purchased within the past four months, including nursing homes in Tennessee, Missouri and Arkansas.

Merrill Lynch Capital Markets is underwriting the offering.