REAL ESTATE
Compiled by Michael Flagg, Times Staff Writer
Health Care Property Investors Inc., a Costa Mesa real estate investment trust, said it was offering $75 million in notes to investors in order to repay bank loans it used to buy health care properties.
The company said it borrowed $60 million from banks to buy property. It will also use some of the proceeds from the notes to buy more property.
The senior notes at 9.87% are due in 1998.
Health Care owns 99 properties in 27 states, including hospitals, drug and alcohol-recovery centers and medical office buildings.
