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                                                             Exhibit 99.10

                            [HEALTH CARE REIT LOGO]


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

                                                 March 31, 1997
                                                 For more information contact:
                                                 Erin Ibele - (419) 247-2800
                                                 Ed Lange - (419) 247-2800

                  HEALTH CARE REIT, INC. ANNOUNCES $175 MILLION
                   UNSECURED CREDIT FACILITY AND BALANCE SHEET

Toledo, Ohio, March 31, 1997..........HEALTH CARE REIT, INC. (NYSE/HCN)
announced today that it has closed a $175 million unsecured credit facility
which will replace the company's existing secured line. The credit facility was
arranged by KeyBank and Fleet Bank. Other lenders included National City Bank,
NationsBank, Sumitomo Bank Ltd., Bank One, Harris Trust, BHF-Bank, Comerica
Bank, Kredietbank, M & T Trust Company and National Bank of Detroit.

Simultaneous with the closing of the new credit facility, all senior noteholders
released collateral which had served as security for the company's $82 million
of senior indebtedness. The senior unsecured notes are currently rated `BBB-'
(triple -B- minus) by Duff & Phelps Credit Rating Co.

Effective with both closings, the company's balance sheet is unsecured.
Highlights associated with the unsecured credit facility and balance sheet are
as follows:

      - Provides company flexibility in continuing its growth strategy 
      - Reduces cost of debt by approximately 0.25 percent to 0.375 percent 
      - Enhances company access to lower cost debt capital 
      - Eliminates costs and delays associated with property specific mortgages

"These achievements are significant for Health Care REIT. We are appreciative of
the support and commitment provided by the bank group and our senior
noteholders," stated George L. Chapman, chairman and chief executive officer.
"The new unsecured credit structure positions the company to continue its growth
strategy and advance the capital plan that is focused on reducing our cost of
capital."

Health Care REIT, Inc., with headquarters in Toledo, Ohio, is a real estate
investment trust, which invests in health care facilities, primarily nursing
homes, assisted living facilities and retirement centers. The company has
investments in 137 health care facilities in 28 states and has total assets of
approximately $520 million.