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                                                                    Exhibit 99.3

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


                                                   July 3, 2001
                                                   For more information contact:
                                                   Ray Braun (419) 247-2800
                                                   Mike Crabtree (419) 247-2800

               HEALTH CARE REIT, INC. TO RELEASE EARNINGS AND HOLD
              SECOND-QUARTER CONFERENCE CALL SET FOR JULY 18, 2001

Toledo, Ohio, July 3, 2001...HEALTH CARE REIT, INC. (NYSE/HCN) announced today
that it will release its 2001 second-quarter earnings on Tuesday, July 17, after
New York Stock Exchange trading ends. At 11:00 a.m. Eastern Time on Wednesday,
July 18, the company will hold a conference call to discuss the company's
results and performance for the second quarter.

The conference call will be accessible by telephone and through the Internet.
Telephone access is available by dialing 888-747-3446 or 703-871-3086. Callers
to this number will be able to listen to the company's business update. For
those unable to listen to the call live, a taped rebroadcast will be available
beginning two hours after completion of the live call on July 18. To access the
rebroadcast, dial 888-266-2086 or 703-925-2435. The conference ID number is
5325889.

To participate on the webcast, log on to www.hcreit.com or www.streetfusion.com
15 minutes before the call to download the necessary software. Replays will be
available for 90 days through the same websites.

Health Care REIT, Inc., with headquarters in Toledo, Ohio, is a real estate
investment trust that invests in health care facilities, primarily nursing homes
and assisted living facilities. At March 31, 2001, the company had investments
in 201 health care facilities in 33 states and had total assets of approximately
$1.1 billion. For more information on Health Care REIT, Inc., via facsimile at
no cost, dial 1-800-PRO-INFO and enter the company code - HCN. More information
is available on the Internet at http://www.hcreit.com.

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