operates as a real estate investment trust (REIT) that invests primarily in healthcare-related senior housing and long-term care facilities in the United States.
As of February 24, 2005, the company and its joint venture had investments in 411 facilities in 39 states.
It also provides financing to healthcare providers.
As a REIT under the Internal Revenue Code, the company would not be subject to federal income tax, provided it distributes at least 90% of its REIT taxable income to its shareholders.
Nationwide Health Properties was organized in 1985 and is based in Newport Beach, California.
