NATIONWIDNAT HLTH Stock

Nationwide Health Properties, Inc. (NHP) is a real estate investment trust (REIT). NHP invests in healthcare related real estate, senior housing, long-term care properties and medical office buildings. It operates in two segments: triple-net leases and multi-tenant leases. In the triple-net leases segment, it invests in healthcare related properties and lease the facilities to unaffiliated tenants under triple-net and master leases that transfer the obligation for all facility operating costs (including maintenance, repairs, taxes, insurance and capital expenditures) to the tenant. In the multi-tenant leases segment, it invests in healthcare related properties that have several tenants under separate leases in each building, thus requiring active management and responsibility for many of the associated operating expenses. As of December 31, 2010, it had investments in 663 healthcare facilities, one land parcel, two development projects and two assets held for sale located in 42 states.