REIT Plans to Offer $600 Million in Securities

Dow Jones

Health Care Property Investors Inc. filed plans Thursday to offer up to $600 million worth of common shares, preferred shares and debt securities. The Newport Beach-based company filed a shelf registration, which allows companies to register securities and sell them as financing needs arise.

In documents filed with the Securities and Exchange Commission, the company said proceeds from any sale of securities will be used for general purposes. No underwriters were listed in the filing.

Health Care is a real estate investment trust that invests in a wide range of health care facilities.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World
53°