F O R   I M M E D I A T E   R E L E A S E


                        PRESS RELEASE


                                      March 24, 1995
                                      For more information contact:
                                      Erin Ibele    (419) 247-2800
                                      Robert Pruger (419) 247-2800


Toledo, Ohio, March 24, 1995 (NYSE/HCN)....Health Care REIT, Inc.
(the "Company") disclosed today the filings on March 14, 1995 and
March 15, 1995 of two lawsuits in Florida to collect past due
interest and principal on a $13,700,000 mortgage loan secured by
two behavioral care facilities, totaling 294 beds.  On March 21,
1995, the Company filed a complaint in Pinellas County, Florida for
money damages on a personal guaranty.  The Company has additional
security in the form of guarantees in an amount of approximately
$1,500,000 and a $1,000,000 subordinated mortgage on one additional
behavioral care facility.

On March 13, 1995, the Company presented for payment a $1,125,000
Letter of Credit, and on March 14, 1995, the proceeds were paid to
the Company.  Subsequently, the Borrower and certain of its
subsidiaries filed for protection under Chapter 11 of the
Bankruptcy Code.  The Company is vigorously pursuing all of its
remedies.

Health Care REIT, Inc. is the first real estate investment trust to
specialize in financing health care facilities, primarily nursing
homes.  The Company also invests in assisted living and retirement
facilities, rehabilitation centers, primary care facilities, and
behavioral care facilities.