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


                            PRESS RELEASE

                                      September 26, 1995
                                      For more information contact:
                                      Erin Ibele    (419) 247-2800
                                      Robert Pruger (419) 247-2800

       Toledo, Ohio, September 26, 1995 (NYSE/HCN)....Health Care
REIT, Inc. announced that it plans to send proxy materials relating
to the proposed acquisition of First Toledo Advisory Company to
shareholders of record on October 6, 1995, with the shareholders'
meeting to occur on November 28, 1995.

       George L. Chapman, President of the Company, stated,
"Becoming self-administered is a crucial step in reengineering the
Company.  By eliminating the external management arrangement, a
structure increasingly out of favor in the capital markets, we are
signaling our intention to enter the upper tier of the health care
REITs."

       In addition to structural improvements, new investments
during the last four years greatly exceed the "run-off" of many of
the Company's older capital leases and mortgage loans.  Total
assets are expected to exceed $400 million by year end with strong
deal flow going forward.  Financing arrangements based on ongoing
relationships with larger, well-capitalized operators and with
public companies now represent more than 50% of the portfolio.

       "The Board's decision in July to maintain the dividend at
$2.08 was carefully reasoned," Mr. Chapman continued, "based on the
substantial gains recognized during the last several years, the
growing quality investment portfolio and the cost savings relating
to attaining self-administered status.  Resolving the problems in
our psych portfolio, finishing the important task of achieving
self-administered status, and integrating the industry definition
of FFO into our reporting techniques have all had a short run
negative effect.  However, these issues are being addressed so as
not to impede our planned growth.  On the basis of all information
currently available, management intends to recommend maintenance of
the dividend at the annual rate of $2.08, and the resumption of
dividend increases once pay-out coverage reaches appropriate
levels."

       Health Care REIT, Inc. is a real estate investment trust
which invests in health care facilities, primarily nursing homes. 
The Company also invests in assisted living and retirement
facilities, behavioral care facilities, specialty care hospitals
and primary care facilities.