14,000,000 Shares HEALTH CAREREIT, INC. Common Stock ($1.00 Par Value) UNDERWRITING AGREEMENT

EX-1.1 2 d734882dex11.htm EX-1.1 EX-1.1

Exhibit 1.1

Execution Copy

14,000,000 Shares

HEALTH CARE REIT, INC.

Common Stock

($1.00 Par Value)

UNDERWRITING AGREEMENT

May 28, 2014

Merrill Lynch, Pierce, Fenner & Smith

Incorporated

Goldman, Sachs & Co.

J.P. Morgan Securities LLC

Morgan Stanley & Co. LLC

As Representatives of the Several Underwriters

c/o Merrill Lynch, Pierce, Fenner & Smith

Incorporated

One Bryant Park

New York, New York 10036

Ladies and Gentlemen:

Health Care REIT, Inc., a Delaware corporation (the “Company”), proposes to sell to the underwriters (the “Underwriters”) named in Schedule I hereto for whom you are acting as representatives (the “Representatives”), an aggregate of 14,000,000 shares (the “Firm Shares”) of the Company’s Common Stock, $1.00 par value per share (the “Common Stock”). The Company also proposes to sell at the Underwriters’ option an aggregate of up to 2,100,000 additional shares of the Company’s Common Stock (the “Option Shares”) as set forth below.

As the Representatives, you have advised the Company (a) that you are authorized to enter into this Agreement and (b) that the Underwriters are willing to purchase, acting severally and not jointly, the Firm Shares set forth in Schedule I hereto, plus such Option Shares if the Underwriters elect to exercise the option to purchase additional securities in whole or in part for the account of the Underwriters. The Firm Shares and the Option Shares (to the extent such option is exercised) are herein collectively sometimes referred to as the “Shares.”

In consideration of the mutual agreements contained herein and of the interests of the parties in the transactions contemplated hereby, the parties hereto agree as follows:

1. Representations and Warranties of the Company. The Company represents and warrants to the Underwriters as of the date hereof, as of the Applicable Time (as defined below) and as of the Closing Date (as defined below) as follows:

(i) An “automatic shelf registration statement” as defined in Rule 405 under the Securities Act of 1933, as amended (the “Securities Act”), on Form S-3 (File No. 333-181185) in

respect of the Shares, including a form of prospectus (the “Base Prospectus”), has been prepared and filed by the Company not earlier than three years prior to the date hereof, in conformity with the requirements of the Securities Act, and the rules and regulations of the Securities and Exchange Commission (the “Commission”) thereunder (the “Rules and Regulations”). The Company and the transactions contemplated by this Agreement meet the requirements and comply with the conditions for the use of Form S-3. Copies of such registration statement, including any amendments thereto, the Base Prospectus, as supplemented by any preliminary prospectus (including any preliminary prospectus supplement) relating to the Shares filed with the Commission pursuant to Rule 424(b) under the Securities Act (a “Preliminary Prospectus”), and including the documents incorporated in the Base Prospectus by reference, and the exhibits, financial statements and schedules to such registration statement, in each case as finally amended and revised, have heretofore been delivered by the Company to the Representatives. Such registration statement is herein referred to as the “Registration Statement,” which shall be deemed to include all information omitted therefrom in reliance upon Rules 430A, 430B or 430C under the Securities Act and contained in the Prospectus referred to below, has become effective under the Securities Act and no post-effective amendment to the Registration Statement has been filed as of the date of this Agreement. “Prospectus” means the form of prospectus relating to the Shares first filed with the Commission pursuant to and within the time limits described in Rule 424(b) under the Securities Act and in accordance with Section 4(i) hereof. Any reference herein to the Registration Statement, any Preliminary Prospectus or to the Prospectus or to any amendment or supplement to any of the foregoing documents shall be deemed to refer to and include any documents incorporated by reference therein, and, in the case of any reference herein to the Prospectus, also shall be deemed to include any documents incorporated by reference therein, and any supplements or amendments thereto, filed with the Commission after the date of filing of the Prospectus under Rule 424(b) under the Securities Act, and prior to the termination of the offering of the Shares by the Underwriters.

(ii) As of the Applicable Time (as defined below), neither (i) the General Use Free Writing Prospectus(es) (as defined below) issued at or prior to the Applicable Time, the Statutory Prospectus (as defined below) and the information included on Schedule II hereto, all considered together (collectively, the “General Disclosure Package”), nor (ii) any individual Limited Use Free Writing Prospectus (as defined below), when considered together with the General Disclosure Package, included any untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, provided, however, that the Company makes no representations or warranties as to information contained in or omitted from the General Disclosure Package or any Issuer Free Writing Prospectus, in reliance upon, and in conformity with, written information furnished to the Company by or on behalf of any Underwriter through the Representatives, specifically for use therein, it being understood and agreed that the only such information is that described in Section 13 herein. As used in this subsection and elsewhere in this Agreement:

“Applicable Time” means 8:30 a.m. (New York time) on the date of this Agreement or such other time as agreed to by the Company and the Representatives.

“Statutory Prospectus” means the Base Prospectus, as amended and supplemented immediately prior to the Applicable Time, including any document incorporated by reference therein and any prospectus supplement deemed to be a part thereof.

“Issuer Free Writing Prospectus” means any “issuer free writing prospectus,” as defined in Rule 433 under the Securities Act, relating to the Shares in the form filed or required to be filed with the Commission or, if not required to be filed, in the form retained in the Company’s records pursuant to Rule 433(g) under the Securities Act.

“General Use Free Writing Prospectus” means any Issuer Free Writing Prospectus that is identified on Schedule III to this Agreement.

“Limited Use Free Writing Prospectus” means any Issuer Free Writing Prospectus that is not a General Use Free Writing Prospectus.

(iii) The Company and each of its Subsidiaries (as defined below) has been duly organized and is validly existing as a corporation, limited liability company or limited partnership, as the case may be, in good standing under the laws of the jurisdiction of its organization, with corporate power and authority to own its properties and conduct its business as described in the Registration Statement, the General Disclosure Package and the Prospectus; the Company and each of its Subsidiaries is duly qualified to transact business in all jurisdictions in which the conduct of its business requires such qualification, and in which the failure to qualify would (a) have a materially adverse effect upon the business of the Company and its Subsidiaries, taken as a whole or (b) prevent or materially interfere with the consummation of the transactions contemplated by this Agreement (each of (a) and (b) above, a “Material Adverse Effect”). All of the Company’s subsidiaries are listed in Schedule IV hereto (the “Subsidiaries”).

(iv) The information contained in the line items “Preferred Stock” and “Common Stock” set forth in the consolidated balance sheet as of March 31, 2014 contained in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2014 and in the section captioned “Capitalization” in the Prospectus (and any similar section or information contained in the General Disclosure Package) sets forth the authorized, issued and outstanding capital stock of the Company at the indicated date, and, except for issuances since such date of (a) 796,901 shares of Common Stock under the Company’s Dividend Reinvestment and Stock Purchase Plan, as amended, (b) 26,644 shares of Common Stock to a national medical office partner pursuant to the terms of a strategic partnership, (c) 145,767 shares of Common Stock to a principal of a national medical office partner upon exercise of such principal’s stock options, and (d) 19,222 shares of Common Stock upon exercise of stock options and vesting of deferred stock units granted under the Company’s Amended and Restated 2005 Long-Term Incentive Plan, which amount is partially offset by 2,585 shares of Common Stock that were forfeited, or were withheld in kind upon the vesting of stock awards granted under such plan, since March 31, 2014, there has been no material change in such information since March 31, 2014; all of the issued shares of capital stock of the Company have been duly and validly authorized and issued and are fully paid and non-assessable; the shares of Common Stock of the Company are duly listed on the New York Stock Exchange (“NYSE”); the Shares to be issued and sold by the Company have been duly authorized and when issued and paid for as contemplated herein will be validly issued, fully-paid and non-assessable; and no preemptive or similar rights of stockholders exist with respect to any of the Shares or the issue and sale thereof.

(v) The shares of authorized capital stock of the Company, including the Shares, conform in all material respects with the statements concerning them in the Registration Statement, the General Disclosure Package and the Prospectus.

(vi) The Commission has not issued an order preventing or suspending the use of any Preliminary Prospectus, any Issuer Free Writing Prospectus or the Prospectus relating to the proposed offering of the Shares, and no proceeding for that purpose or pursuant to Section 8A of the Securities Act has been instituted or, to the Company’s knowledge, threatened by the

Commission. The Registration Statement complies, and the Prospectus and any amendments or supplements thereto will comply, as to form in all material respects with the requirements of the Securities Act and the rules and regulations of the Commission thereunder. The documents incorporated, or to be incorporated, by reference in the Prospectus, at the time filed with the Commission complied or will comply, as to form in all material respects to the requirements of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or the Securities Act, as applicable, and the rules and regulations of the Commission thereunder. The Registration Statement and any amendment thereto do not contain, and, at all times during the period that begins on the date hereof and ends as of the Closing Date, and as of the Closing Date or the Option Closing Date, as the case may be, will not contain, any untrue statement of a material fact and do not omit, and will not omit, to state a material fact required to be stated therein or necessary to make the statements therein not misleading. The Prospectus and any amendments and supplements thereto do not contain, and, at all times during the period that begins on the date hereof and ends as of the Closing Date, and as of the Closing Date or the Option Closing Date, as the case may be, will not contain, any untrue statement of a material fact; and do not omit, and will not omit, to state a material fact necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading; provided, however, that the Company makes no representations or warranties as to information contained in or omitted from the Registration Statement or the Prospectus, or any such amendment or supplement, in reliance upon, and in conformity with, written information furnished to the Company by or on behalf of any Underwriter through the Representatives, specifically for use therein, it being understood and agreed that the only such information is that described in Section 13 herein.

(vii) Each Issuer Free Writing Prospectus, as of its issue date and at all subsequent times through the completion of the public offer and sale of the Shares or until any earlier date that the Company notified or notifies the Representatives, did not, does not and will not include any information that conflicted, conflicts or will conflict with the information contained in the Registration Statement or the Prospectus, including any document incorporated by reference and any prospectus supplement deemed to be a part thereof that has not been superseded or modified.

(viii) The Company has not, directly or indirectly, distributed and will not distribute any offering material in connection with the offering and sale of the Shares other than any Preliminary Prospectus, the Prospectus and other materials, if any, permitted under the Securities Act and consistent with Section 4(ii) below. The Company will file with the Commission all Issuer Free Writing Prospectuses required to be filed with the Commission in the time and manner required under Rules 163(b)(2) and 433(d) under the Securities Act.

(ix) (a) At the time of filing of the Registration Statement, (b) at the time of the most recent amendment thereto for the purposes of complying with Section 10(a)(3) of the Securities Act (whether such amendment was by post-effective amendment, incorporated report filed pursuant to Section 13 or 15(d) of the Exchange Act or form of prospectus), (c) at the time the Company or any person acting on its behalf (within the meaning, for this clause only, of Rule 163(c) under the Securities Act) made any offer relating to the Shares in reliance on the exemption of Rule 163 under the Securities Act and (d) at the date hereof, the Company is a “well-known seasoned issuer” as defined in Rule 405 under the Securities Act. The Company has not received from the Commission any notice pursuant to Rule 401(g)(2) under the Securities Act objecting to the use of the automatic shelf registration form.

(x) (a) At the earliest time after the filing of the Registration Statement that the Company or another offering participant made a bona fide offer (within the meaning of Rule 164(h)(2) under the Securities Act) of the Shares and (b) as of the date hereof (with such date

being used as the determination date for purposes of this clause(b)), the Company was not and is not an “ineligible issuer” (as defined in Rule 405 under the Securities Act, without taking into account any determination by the Commission pursuant to Rule 405 under the Securities Act that it is not necessary that the Company be considered an ineligible issuer), including, without limitation, for purposes of Rules 164 and 433 under the Securities Act with respect to the offering of the Shares as contemplated by the Registration Statement.

(xi) The financial statements of the Company, together with related notes and schedules, as set forth or incorporated by reference in the Registration Statement, the General Disclosure Package and the Prospectus, present fairly in all material respects the consolidated financial position and the results of operations of the Company and its Subsidiaries at the indicated dates and for the indicated periods. Such financial statements and the related notes and schedules have been prepared in accordance with generally accepted accounting principles, consistently applied throughout the periods involved, and all adjustments necessary for a fair presentation of results for such periods have been made. The summary financial and statistical data included or incorporated by reference in the Registration Statement, the General Disclosure Package and the Prospectus present fairly in all material respects the information shown therein and, to the extent based upon or derived from the financial statements, have been compiled on a basis consistent with the financial statements presented therein. All disclosures contained in the Registration Statement, the General Disclosure Package and the Prospectus, including the documents incorporated by reference therein, regarding “non-GAAP financial measures” (as such term is defined by the Rules and Regulations) comply in all material respects with Regulation G of the Exchange Act and Item 10 of Regulation S-K under the Securities Act, to the extent applicable. The interactive data in eXtensible Business Reporting Language included or incorporated by reference in the Registration Statement, the General Disclosure Package and the Prospectus fairly presents the information called for in all material respects and has been prepared in accordance with the Commission’s rules and guidelines applicable thereto. Other than the financial statements, together with related notes and schedules, included or incorporated by reference in the Registration Statement, the General Disclosure Package and the Prospectus, no other financial statements or supporting schedules are required to be included or incorporated by reference in the Registration Statement, the General Disclosure Package or the Prospectus.

(xii) There is no action or proceeding pending or, to the knowledge of the Company, threatened (a) against the Company or its Subsidiaries or (b) involving any property of the Company or its Subsidiaries before any court or administrative agency which, if determined adversely to the Company or its Subsidiaries, would reasonably be expected to result in any Material Adverse Effect, except as set forth in the Registration Statement, the General Disclosure Package and the Prospectus.

(xiii) The Company, together with its Subsidiaries, has good and marketable title to all of the properties and assets reflected in the financial statements hereinabove described (or as described in the Registration Statement, the General Disclosure Package and the Prospectus as owned by it), subject to no lien, mortgage, pledge, charge or encumbrance of any kind except those reflected in such financial statements (or as described in the Registration Statement, the General Disclosure Package and the Prospectus) or which are not material in amount or which do not materially interfere with the use made or proposed to be made of the property. The leases, agreements to purchase and mortgages to which the Company or any of its Subsidiaries is a party, and the guaranties of third parties (a) are the legal, valid and binding obligations of the Company, its Subsidiaries and, to the knowledge of the Company, of all other parties thereto, and the Company knows of no default or defenses currently existing with respect thereto which would reasonably be expected to result in any Material Adverse Effect, and (b) conform to any

descriptions thereof set forth in the Registration Statement, the General Disclosure Package and the Prospectus. Each mortgage which the Company or any of its Subsidiaries holds on the properties described in the Registration Statement, the General Disclosure Package and the Prospectus constitutes a valid mortgage lien for the benefit of the Company or its Subsidiary, as the case may be, on such property.

(xiv) The Company has filed all Federal, state and foreign income tax returns which have been required to be filed and has paid all taxes indicated by said returns and all assessments received by it to the extent that such taxes have become due and are not being contested in good faith. All tax liabilities have been adequately provided for in the financial statements of the Company.

(xv) Since the respective dates as of which information is given in the Registration Statement, the General Disclosure Package and the Prospectus, as each may be amended or supplemented, except in each case as otherwise disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, as each may be amended or supplemented (a) there has not been any material adverse change or any development involving a prospective material adverse change in or affecting the condition, financial or otherwise, of the Company and its Subsidiaries considered as one enterprise or the earnings, capital stock (except that issued and outstanding capital stock of the Company has increased due to issuances since such date of (I) 796,901 shares of Common Stock under the Company’s Dividend Reinvestment and Stock Purchase Plan, as amended, (II) 26,644 shares of Common Stock to a national medical office partner pursuant to the terms of a strategic partnership, (III) 145,767 shares of Common Stock to a principal of a national medical office partner upon exercise of such principal’s stock options, and (IV) 19,222 shares of Common Stock upon exercise of stock options and vesting of deferred stock units granted under the Company’s Amended and Restated 2005 Long-Term Incentive Plan, which amount is partially offset by 2,585 shares of Common Stock that were forfeited, or were withheld in kind upon the vesting of stock awards granted under such plan, since March 31, 2014), business affairs, management, or business prospects of the Company and its Subsidiaries considered as one enterprise, whether or not occurring in the ordinary course of business, (b) there have been no liabilities or obligations incurred by the Company or any of its Subsidiaries that are material with respect to the Company and its Subsidiaries considered as one enterprise, and (c) there have been no transactions entered into by the Company or any of its Subsidiaries that are material with respect to the Company and its Subsidiaries considered as one enterprise, other than transactions in the ordinary course of business. There are no contingent obligations of the Company or any of its Subsidiaries that are material with respect to the Company and its Subsidiaries considered as one enterprise that are not disclosed in the Registration Statement, the General Disclosure Package and the Prospectus.

(xvi) The Company is not in violation of its charter or by-laws. No Subsidiary is in violation of its charter or by-laws, which violation will have, or after any required notice and passage of any applicable grace period would have, a Material Adverse Effect. Neither the Company nor any of its Subsidiaries are (a) in default under any agreement, lease, contract, indenture or other instrument or obligation to which it is a party or by which it or any of its properties is bound, (b) in violation of any statute, or (c) in violation of any order, rule or regulation applicable to the Company, its Subsidiaries or its properties, of any court or of any regulatory body, administrative agency or other governmental body, any of which defaults or violations described in clauses (a) through (c) will have, or after any required notice and passage of any applicable grace period would have, a Material Adverse Effect. The issue and sale of the Shares and the performance by the Company of all of its obligations under this Agreement and the consummation of the transactions herein contemplated and the fulfillment of the terms hereof

will not after any required notice and passage of any applicable grace period conflict with or constitute a violation of any statute or conflict with or result in a breach of any of the terms or provisions of, constitute a default under or result in the imposition of any lien pursuant to, any indenture, mortgage, deed of trust or other agreement or instrument to which the Company, or any of its Subsidiaries, is a party or by which it or any of its properties may be bound, or a violation of its charter or by-laws or any order, rule or regulation applicable to the Company, its Subsidiaries or its properties of any court or of any regulatory body, administrative agency or other governmental body.

(xvii) Each approval, consent, order, authorization, designation, declaration or filing by or with any regulatory, administrative or other governmental body necessary in connection with the execution and delivery by the Company of this Agreement and the consummation of the transactions herein contemplated (except such additional steps as may be required by the Commission or the Financial Industry Regulatory Authority (“FINRA”) or may be necessary to qualify the Shares for public offering by the Underwriters under state securities or Blue Sky laws) has been obtained or made by the Company, and is in full force and effect.

(xviii) The Company and its Subsidiaries hold all material licenses, certificates and permits from governmental authorities which are necessary to the conduct of their businesses and neither the Company nor any of its Subsidiaries have received any notice of infringement or of conflict with asserted rights of others with respect to any patents, patent rights, trade names, trademarks or copyrights, which infringement is material to the business of the Company and its Subsidiaries.

(xix) The Company qualifies as a real estate investment trust pursuant to Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Code”), has so qualified for the taxable years ended December 31, 1984 through December 31, 2013 and the current and proposed method of operation of the Company, as described in the Registration Statement, the General Disclosure Package and the Prospectus, will enable the Company to continue to meet the requirements for qualification and taxation as a real estate investment trust under the Code for its taxable year ending December 31, 2014 and thereafter.

(xx) To the best of the Company’s knowledge, Ernst & Young LLP, who has certified certain of the financial statements and related schedules filed with the Commission as part of, or incorporated by reference in, the Registration Statement, the General Disclosure Package and the Prospectus, is an independent registered public accounting firm with respect to the Company as required by the Securities Act and the Rules and Regulations and the Public Company Accounting Oversight Board (the “PCAOB”).

(xxi) The Company and its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (a) transactions are executed in accordance with management’s general or specific authorization, (b) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles and to maintain accountability for assets, (c) access to assets is permitted only in accordance with management’s general or specific authorization, (d) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences and (e) the interactive data in eXtensible Business Reporting Language incorporated by reference in the Registration Statement is accurate and complete in all material respects.

(xxii) The Company has established and maintains disclosure controls and procedures (as such term is defined in Rules 13a-15 and 15d-15 under the Exchange Act); such disclosure controls and procedures are designed to ensure that material information relating to the Company, including its Subsidiaries, is made known to the Company’s Chief Executive Officer and its Chief Financial Officer by others within those entities, and such disclosure controls and procedures are effective to perform the functions for which they were established; the Company’s auditors and the Audit Committee of the Board of Directors of the Company have been advised of: (a) any significant deficiencies in the design or operation of internal controls which could adversely affect the Company’s ability to record, process, summarize, and report financial data and (b) any fraud, whether or not material, that involves management or other employees who have a role in the Company’s internal controls; any material weaknesses in internal controls have been identified for the Company’s auditors; and since the date of the most recent evaluation of such disclosure controls and procedures, there have been no significant changes in internal controls or in other factors that could significantly affect internal controls, including any corrective actions with regard to significant deficiencies and material weaknesses.

(xxiii) Since July 30, 2002, the Company has not, directly or indirectly, including through any Subsidiary: (a) extended credit, arranged to extend credit, or renewed any extension of credit, in the form of a personal loan, to or for any director or executive officer of the Company, or to or for any family member or affiliate of any director or executive officer of the Company or (b) made any material modification, including any renewal thereof, to any term of any personal loan to any director or executive officer of the Company, or any family member or affiliate of any director or executive officer, which loan was outstanding on July 30, 2002.

(xxiv) To the knowledge of the Company, after inquiry of its officers and directors, there are no affiliations with any FINRA member firm among the Company’s officers, directors, or principal stockholders, except as set forth in the Registration Statement, the General Disclosure Package and the Prospectus, or as otherwise disclosed in writing to the Underwriters.

(xxv) This Agreement has been duly authorized, executed and delivered by the Company.

(xxvi) Neither the Company nor any of its officers or directors has taken nor will any of them take, directly or indirectly, any action resulting in a violation of Regulation M promulgated under the Exchange Act, or designed to cause or result in, or which has constituted or which reasonably might be expected to constitute, the stabilization or manipulation of the price of the Common Stock. The Company acknowledges that the Underwriters may engage in transactions that stabilize, maintain or otherwise affect the price of the Common Stock, including stabilizing bids, syndicate covering transactions and the imposition of penalty bids.

(xxvii) The Shares have been, or as of the Closing Date will be, approved for listing subject to official notice of issuance on the NYSE.

(xxviii) The Company is not, and immediately after the sale of the Shares pursuant to the terms and conditions of this Agreement will not be, an “investment company” within the meaning of the Investment Company Act of 1940.

(xxix) None of the Company, any of its Subsidiaries or, to the knowledge of the Company, any director, officer, agent or employee of the Company or any of its Subsidiaries is aware of or has taken any action, directly or indirectly, that would result in (a) a violation by such persons of the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations

thereunder (the “FCPA”), including, without limitation, making use of the mails or any means or instrumentality of interstate commerce corruptly in furtherance of an offer, payment, promise to pay or authorization of the payment of any money, or other property, gift, promise to give, or authorization of the giving of anything of value to any “foreign official” (as such term is defined in the FCPA) or any foreign political party or official thereof or any candidate for foreign political office, in contravention of the FCPA or (b) an offense under the Bribery Act of 2010 of the United Kingdom (the “UK Bribery Act”), or any other applicable anti-bribery or anti-corruption laws. The Company and, to the knowledge of the Company, its affiliates have conducted their businesses in compliance in all material respects with the FCPA, the UK Bribery Act and other applicable anti-bribery or anti-corruption laws.

(xxx) The operations of the Company and its Subsidiaries are in compliance in all material respects with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all applicable jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the “Money Laundering Laws”); and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or any of its Subsidiaries with respect to the Money Laundering Laws is pending or, to the best knowledge of the Company, threatened.

(xxxi) None of the Company, any of its Subsidiaries or, to the knowledge of the Company, any director, officer, agent, employee or affiliate of the Company or any of its Subsidiaries is currently subject to any United States sanctions administered by the Office of Foreign Assets Control of the United States Department of the Treasury (“OFAC”); and the Company will not, directly or indirectly, use the proceeds of the offering of the Shares hereunder, or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any United States sanctions administered by OFAC.

2. Purchase, Sale and Delivery of the Shares. On the basis of the representations, warranties and covenants herein contained, and subject to the conditions herein set forth, the Company agrees to sell to each Underwriter, and each Underwriter, severally and not jointly, agrees to purchase from the Company, at a price of $60.1678 per Share, the number of Firm Shares set forth opposite the name of such Underwriter in Schedule I hereto (plus any additional number of Shares which such Underwriter may become obligated to purchase pursuant to the provisions of Section 11 hereof).

Payment for the Firm Shares to be sold hereunder is to be made by Federal Funds wire transfer to an account designated by the Company for the Firm Shares to be sold by the Company against delivery of the Firm Shares therefor to the Representatives. Such payment and delivery are to be made at the offices of Calfee, Halter & Griswold LLP, The Calfee Building, 1405 East Sixth Street, Cleveland, OH 44114 at 10:00 a.m. New York time, on June 2, 2014 or at such other time and date thereafter as the Representatives and the Company shall agree upon, such time and date being herein referred to as the “Closing Date.” (As used herein, “business day” means a day on which the NYSE is open for trading and on which banks in New York are open for business and not permitted by law or executive order to be closed). The Firm Shares will be delivered by Computershare Shareholder Services LLC (the “Transfer Agent”) in such denominations and in such registrations as the Representatives request in writing not later than the second full business day prior to the Closing Date, and will be delivered through book entry facilities of The Depository Trust Company (“DTC”) and made available for inspection by the Representatives at least one business day prior to the Closing Date at such place as the Representatives, DTC and the Company shall agree.

In addition, on the basis of the representations and warranties herein contained and subject to the terms and conditions herein set forth, the Company hereby grants an option to the Underwriters to purchase severally the Option Shares at the price per share as set forth in the first paragraph of this Section 2. The option granted hereby may be exercised in whole or in part by giving notice at any time and from time to time within 30 days after the date of this Agreement, by the Representatives to the Company setting forth the number of Option Shares as to which the several Underwriters are exercising the option and the time and date at which such Option Shares are to be delivered. The time and date at which the Option Shares are to be delivered shall be determined by the Representatives but shall not be earlier than three nor later than 10 full business days after the exercise of such option, nor in any event prior to the Closing Date (such time and date being herein referred to as the “Option Closing Date”). Notwithstanding the preceding sentence, if the option is exercised at least one day prior to the Closing Date, the notice of the exercise shall set the Closing Date as the Option Closing Date. The Representatives may cancel such option at any time prior to its expiration by giving written notice of such cancellation to the Company. To the extent, if any, that the option is exercised, payment for the Option Shares shall be made by Federal Funds wire transfer to an account designated by the Company for the Option Shares to be sold by the Company against delivery of the Option Shares through the facilities of DTC. Such payment and delivery are to be made at the offices of Calfee, Halter & Griswold LLP, The Calfee Building, 1405 East Sixth Street, Cleveland, OH 44114, at 10:00 a.m. New York time, on the Option Closing Date. To the extent, if any, that the option is exercised, the Option Shares will be delivered by the Transfer Agent in such denominations and in such registrations as the Representatives request in writing not later than the second full business day prior to the Option Closing Date, and will be delivered through book entry facilities of DTC and made available for inspection by the Representatives at least one business day prior to the Option Closing Date at such place as the Representatives, DTC and the Company shall agree.

3. Offering by the Underwriters. It is understood that the several Underwriters are to make a public offering of the Shares as soon as the Representatives deem it advisable to do so. The Shares are to be initially offered to the public at the price and upon the terms set forth in the Prospectus. The Representatives may from time to time thereafter change the public offering price and other selling terms.

4. Covenants of the Company. The Company covenants and agrees with the Underwriters that:

(i) The Company will (a) prepare and timely file with the Commission under Rule 424(b) (without reliance on Rule 424(b)(8)) under the Securities Act a prospectus in a form approved by the Representatives containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rules 430A, 430B or 430C under the Securities Act, (b) not file any amendment to the Registration Statement or distribute an amendment or supplement to the General Disclosure Package or the Prospectus or document incorporated by reference therein of which the Representatives shall not previously have been advised and furnished with a copy or to which the Representatives shall have reasonably objected in writing or which is not in compliance with the Rules and Regulations for so long as the Representatives may deem necessary in order to complete the distribution of the Shares and (c) file on a timely basis all reports and any definitive proxy or information statements required to be filed by the Company with the Commission subsequent to the date of the Prospectus and prior to the termination of the offering of the Shares by the Underwriters; provided, however, that for each such report or preliminary or definitive proxy or information statement, the Company will not file any such report or preliminary or definitive proxy or information statement, or amendment thereto, of which the Representatives shall not previously have been advised and furnished with a copy or to which the Representatives shall have reasonably objected in writing or which is not in compliance with the Exchange Act.

(ii) The Company will (a) not make any offer relating to the Shares that would constitute an Issuer Free Writing Prospectus or that would otherwise constitute a “free writing prospectus” (as defined in Rule 405 under the Securities Act) required to be filed by the Company with the Commission under Rule 433 under the Securities Act unless the Representatives approve its use in writing prior to first use (each, a “Permitted Free Writing Prospectus”); provided that the prior written consent of the Representatives hereto shall be deemed to have been given in respect of the Issuer Free Writing Prospectus(es) included in Schedule III hereto, (b) treat each Permitted Free Writing Prospectus as an Issuer Free Writing Prospectus, (c) comply with the requirements of Rules 163, 164 and 433 under the Securities Act applicable to any Issuer Free Writing Prospectus, including the requirements relating to timely filing with the Commission, legending and record keeping and (d) not take any action that would result in an Underwriter or the Company being required to file with the Commission pursuant to Rule 433(d) under the Securities Act a free writing prospectus prepared by or on behalf of such Underwriter that such Underwriter otherwise would not have been required to file thereunder.

(iii) [Intentionally omitted.]

(iv) The Company will advise the Representatives promptly (a) when any post-effective amendment to the Registration Statement or new registration statement relating to the Shares shall have become effective, or any supplement to the Prospectus shall have been filed, (b) of the receipt of any comments from the Commission, (c) of any request of the Commission for amendment of the Registration Statement or the filing of a new registration statement or any amendment or supplement to the General Disclosure Package or the Prospectus or any document incorporated by reference therein or otherwise deemed to be a part thereof or for any additional information, and (d) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or such new registration statement or any order preventing or suspending the use of any Preliminary Prospectus, any Issuer Free Writing Prospectus or the Prospectus, or of the institution of any proceedings for that purpose for so long as the Representatives may deem necessary in order to complete the distribution of the Shares, or of the suspension of the qualification of the Shares for offering or sale in any jurisdiction, and the Company will use its best efforts to prevent (x) the issuance of any such stop order suspending the effectiveness of the Registration Statement or such new registration statement or any order preventing or suspending the use of any Preliminary Prospectus, any Issuer Free Writing Prospectus or the Prospectus, or (y) any such suspension of the qualification of the Shares for offering or sale in any jurisdiction, and to obtain as soon as possible the lifting of any such order, if issued, or such suspension of qualification.

(v) The Company will pay the fees applicable to the Registration Statement in connection with the offering of the Shares within the time required by Rule 456(b)(1)(i) under the Securities Act (without reliance on the proviso to Rule 456(b)(1)(i) under the Securities Act) and in compliance with Rule 456(b) and Rule 457(r) under the Securities Act.

(vi) If at any time when Shares remain unsold by the Underwriters the Company receives from the Commission a notice pursuant to Rule 401(g)(2) under the Securities Act or otherwise ceases to be eligible to use the automatic shelf registration statement form, the Company will (a) promptly notify the Representatives, (b) promptly file a new registration statement or post-effective amendment on the proper form relating to the Shares, in a form satisfactory to the Representatives, (c) use its best efforts to cause such registration statement or

post-effective amendment to be declared effective as soon as practicable (if such filing is not otherwise effective immediately pursuant to Rule 462 under the Securities Act), and (d) promptly notify the Representatives of such effectiveness. The Company will take all other action necessary or appropriate to permit the public offering and sale of the Shares to continue as contemplated in the Registration Statement that was the subject of the notice under Rule 401(g)(2) under the Securities Act or for which the Company has otherwise become ineligible. References herein to the Registration Statement relating to the Shares shall include such new registration statement or post-effective amendment, as the case may be.

(vii) If immediately prior to the third anniversary (the “Renewal Deadline”) of the initial effective date of the Registration Statement, any of the Shares remain unsold by the Underwriters, the Company will, prior to the Renewal Deadline file, if it has not already done so and is eligible to do so, a new automatic shelf registration statement relating to the Shares, in a form satisfactory to the Representatives. If the Company is not eligible to file an automatic shelf registration statement, the Company will, prior to the Renewal Deadline, if it has not already done so, file a new shelf registration statement relating to the Shares, in a form satisfactory to the Representatives, and will use its best efforts to cause such registration statement to be declared effective within 180 days after the Renewal Deadline. The Company will take all other action necessary or appropriate to permit the public offering and sale of the Shares to continue as contemplated in the expired registration statement. References herein to the Registration Statement shall include such new automatic shelf registration statement or such new shelf registration statement, as the case may be.

(viii) The Company will deliver to, or upon the order of, the Representatives, from time to time, as many copies of any Preliminary Prospectus or any Issuer Free Writing Prospectus as the Representatives may reasonably request. The Company will deliver to, or upon the order of, the Representatives during the period when delivery of a Prospectus (or, in lieu thereof, the notice referred to under Rule 173(a) under the Securities Act) is required under the Securities Act, as many copies of the Prospectus in final form, or as thereafter amended or supplemented, as the Representatives may reasonably request. The Company will furnish upon request to the Representatives signed copies of the Registration Statement and all amendments thereto including all exhibits filed therewith.

(ix) The Company will comply with the Securities Act and the Rules and Regulations and the Exchange Act, and the rules and regulations of the Commission thereunder, so as to permit the completion of the distribution of the Shares as contemplated in this Agreement and the Prospectus. Subject to the provisions of Section 4(i) above, if during the period in which a prospectus (or, in lieu thereof, the notice referred to under Rule 173(a) under the Securities Act) is required by law to be delivered by an Underwriter or a dealer any event shall occur as a result of which, in the judgment of the Company or in the opinion of counsel for the Underwriters, it becomes necessary to amend or supplement the Prospectus in order to make the statements therein, in the light of the circumstances existing at the time the Prospectus is delivered to a purchaser, not misleading, or, if it is necessary at any time to amend or supplement the Prospectus to comply with any law, the Company promptly will either (a) prepare and file with the Commission an appropriate amendment to the Registration Statement or supplement to the Prospectus or (b) prepare and file with the Commission an appropriate filing under the Exchange Act which shall be incorporated by reference in the Prospectus so that the Prospectus as so amended or supplemented will not, in the light of the circumstances when it is so delivered, be misleading, or so that the Prospectus will comply with law.

(x) If the General Disclosure Package is being used to solicit offers to buy the Shares at a time when the Prospectus is not yet available to prospective purchasers and any event shall occur as a result of which, in the judgment of the Company or in the reasonable opinion of the Underwriters, it becomes necessary to amend or supplement the General Disclosure Package in order to make the statements therein, in the light of the circumstances, not misleading, or to make the statements therein not conflict with the information contained in the Registration Statement then on file, or if it is necessary at any time to amend or supplement the General Disclosure Package to comply with any law, the Company promptly will either (a) prepare, file with the Commission (if required) and furnish to the Underwriters and any dealers an appropriate amendment or supplement to the General Disclosure Package or (b) prepare and file with the Commission an appropriate filing under the Exchange Act which shall be incorporated by reference in the General Disclosure Package so that the General Disclosure Package as so amended or supplemented will not, in the light of the circumstances, be misleading or conflict with the Registration Statement then on file, or so that the General Disclosure Package will comply with law.

(xi) The Company will make generally available to its security holders, as soon as it is practicable to do so, but in any event not later than 15 months after the effective date of the Registration Statement (as defined in Rule 158(c) under the Securities Act), an earnings statement (which need not be audited) in reasonable detail, covering a period of twelve consecutive months beginning after the effective date of the Registration Statement, which earnings statement shall satisfy the requirements of Section 11(a) of the Securities Act and Rule 158 under the Securities Act.

(xii) The Company will, for a period of five years from the Closing Date, furnish upon request to the Representatives, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year and the Company will furnish upon request to the Representatives, as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Exchange Act or mailed to stockholders.

(xiii) The Company will use the net proceeds from the sale of the Shares pursuant to this Agreement in the manner specified under the heading “Use of Proceeds” in the Prospectus.

(xiv) No offering, sale, other disposition or any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any Common Stock or any securities of the Company that are convertible into, exchangeable or exercisable for, or substantially similar to the Common Stock or on parity with or senior to the Common Stock (with respect to distribution rights or payments upon the Company’s liquidation, dissolution or winding up) will be made for a period of 30 days after the date of this Agreement, directly or indirectly, by the Company otherwise than hereunder or with the prior written consent of Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, except that the Company may, without such consent, (a) issue securities under the Company’s equity compensation plans for officers, employees, and non-employee directors described in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013, (b) issue shares upon the exercise of options or other stock rights issued pursuant to the Company’s equity compensation plans for officers, employees, and non-employee directors described in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013, (c) sell shares of Common Stock pursuant to the Fourth Amended and Restated Dividend Reinvestment and Stock Purchase Plan filed with the Commission on May 3, 2013, (d) issue shares of Common Stock upon conversion of any 3.00% Convertible Senior Notes due 2029 outstanding as of the date hereof and (e) issue shares upon conversion of any of the Company’s Series I Preferred Stock or Series J Preferred Stock.

(xv) The Company will use its reasonable best efforts to meet the requirements to qualify as a real estate investment trust under the Code for the taxable year ending December 31, 2014 and for each of its succeeding taxable years for so long as the Board of Directors of the Company deems it in the best interests of the Company’s stockholders to remain so qualified.

5. Costs and Expenses. The Company will pay all costs, expenses and fees incident to the performance of its obligations under this Agreement, including, without limiting the generality of the foregoing, the following: the fees incident to the issuance and delivery of the Shares; accounting fees of the Company; the fees and disbursements of counsel for the Company; the cost of printing and delivering to, or as requested by, the Underwriters, copies of the Registration Statement, the Preliminary Prospectuses, the Issuer Free Writing Prospectuses, the Prospectus, this Agreement, the applicable listing agreement for the NYSE; the filing fees of the Commission; the filing fees and expenses (including legal fees and disbursements) incident to securing any required review by FINRA of the terms of the sale of the Shares; the fees incident to the listing of the Shares on the NYSE and the applicable listing agreement with the NYSE. Any transfer taxes imposed on the sale of the Shares to the several Underwriters will be paid by the Company. The Company shall not, however, be required to pay for any of the Underwriters’ expenses, including fees and disbursements of counsel for the Underwriters, except that, if this Agreement shall not be consummated because the conditions in Section 7 hereof are not satisfied, or because this Agreement is terminated by the Representatives pursuant to Section 6 hereof, or this Agreement is terminated pursuant to Section 10(i)(a) or Section 10(i)(g) hereof, or by reason of any failure, refusal or inability on the part of the Company to perform any undertaking or satisfy any condition of this Agreement or to comply with any of the terms hereof on its part to be performed, unless such failure to satisfy said condition or to comply with said terms is due to the default or omission of any Underwriter, then the Company shall reimburse the several Underwriters for reasonable out-of-pocket expenses, including fees and disbursements of counsel, reasonably incurred in connection with investigating, marketing and proposing to market the Shares or in contemplation of performing their obligations hereunder, but the Company shall not in any event be liable to any of the several Underwriters for damages on account of loss of anticipated profits from the sale by any of them of the Shares.

6. Conditions of Obligations of the Underwriters. The several obligations of the Underwriters to purchase the Firm Shares on the Closing Date and the Option Shares, if any, on the Option Closing Date are subject to the accuracy, as of the Closing Date or the Option Closing Date, as the case may be, of the representations and warranties of the Company contained herein, and to the performance by the Company of its covenants and obligations hereunder and to the following additional conditions:

(i) No stop order suspending the effectiveness of the Registration Statement, as amended from time to time, shall have been issued and no proceedings for that purpose shall have been taken or, to the knowledge of the Company, shall be contemplated or threatened by the Commission. The Prospectus and each Issuer Free Writing Prospectus required to be filed with the Commission shall have been filed as required by Rules 424, 430A, 430B, 430C or 433 under the Securities Act, as applicable, within the time period prescribed by, and in compliance with, the Rules and Regulations, and any request by the Commission for additional information (to be included in the Registration Statement or otherwise) shall have been disclosed to the Representatives and complied with to their reasonable satisfaction.

(ii) Subsequent to the execution and delivery of this Agreement and prior to the Closing Date, there shall not have occurred any downgrading, nor shall any notice have been given of (a) any intended or potential downgrading or (b) any review or possible change that does not indicate an affirmation or improvement in the rating, if any, accorded any securities of or guaranteed by the Company by any “nationally recognized statistical rating organization,” as such term is defined for purposes of Section 3(a)(62) of the Exchange Act.

(iii) The Representatives shall have received on the Closing Date and the Option Closing Date, if any, the opinion of Shumaker, Loop & Kendrick, LLP, counsel for the Company, dated the Closing Date or the Option Closing Date, as the case may be, and addressed to the Representatives, as representatives of the several Underwriters, to the effect that:

(a) The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of Delaware, with corporate power and authority to own its properties and conduct its business as described in the Registration Statement, the General Disclosure Package and the Prospectus.

(b) The Company is duly qualified to transact business in all jurisdictions in which the Company owns or leases real property, and in which the failure to qualify would have a Material Adverse Effect.

(c) The information contained in the line items “Preferred Stock” and “Common Stock” set forth in the consolidated balance sheet as of March 31, 2014 contained in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2014 and in the section captioned “Capitalization” in the Prospectus (and any similar section or information contained in the General Disclosure Package) sets forth the authorized, issued and outstanding capital stock of the Company at the indicated date; the authorized shares of capital stock of the Company have been duly authorized; the issued and outstanding shares of the capital stock of the Company have been duly authorized and validly issued and are fully paid and non-assessable; the certificates for the Shares or the uncertificated Shares, as the case may be, are in due and proper form; the shares of Common Stock, including Option Shares, if any, to be sold by the Company pursuant to this Agreement have been duly authorized and will be validly issued, fully paid and non-assessable when issued and paid for as contemplated by this Agreement; and no preemptive or similar rights of stockholders exist with respect to any of the Shares or the issue and sale thereof.

(d) The Registration Statement has become effective under the Securities Act and, to such counsel’s knowledge, no stop order proceedings with respect thereto have been instituted or are pending or threatened under the Securities Act.

(e) The Registration Statement, at the time the Registration Statement became effective, and the Prospectus, as of the date of the Prospectus and as of the date hereof, and any amendment or supplement thereto, as of the date thereof, each complied as to form in all material respects with the requirements of the Securities Act and the rules and regulations of the Commission promulgated under the Securities Act (except in each case such counsel need express no opinion as to the financial statements, schedules and other financial data, or statistical data derived therefrom, included or incorporated by reference therein or omitted therefrom). The documents incorporated by reference in the Registration Statement, the General Disclosure Package and the Prospectus (other than the financial statements, schedules and other financial data, or statistical data derived therefrom, included or incorporated by reference therein or omitted therefrom, as to which such counsel need express no opinion), at the respective times such documents were filed with the Commission, complied as to form in all material respects with the applicable requirements of the Exchange Act and the rules and regulations of the Commission promulgated thereunder.

(f) The statements under the caption “Description of Our Common Stock” in the General Disclosure Package and the Prospectus, insofar as such statements constitute a summary of documents referred to therein or matters of law, fairly summarize in all material respects the information called for with respect to such documents and matters.

(g) The statements under the caption “Certain Government Regulations” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013, as updated by the statements in “Item 2—Management’s Discussion and Analysis of Financial Condition and Results of Operations” under the captions “Health Care Reimbursements” and “Other Related Laws” in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2014, and any amendments thereto, as to matters of law stated therein, have been reviewed by such counsel and fairly summarize in all material respects the matters described therein which are material to the business or condition (financial or otherwise) of the Company.

(h) Such counsel does not know of any contracts or documents required to be filed as exhibits to or incorporated by reference in the Registration Statement or described in the Registration Statement or the Prospectus or any amendment or supplement thereto which are not so filed, incorporated by reference or described as required, and the provisions of such contracts and documents that are required to be described in the Registration Statement or the Prospectus or any amendment or supplement thereto are fairly summarized therein in all material respects.

(i) Such counsel knows of no material legal proceedings pending or threatened against the Company, except as set forth in the Registration Statement, the General Disclosure Package and the Prospectus.

(j) The execution and delivery of this Agreement and the consummation of the transactions herein contemplated, including the issuance and sale of the Shares and the performance by the Company of its obligations under this Agreement, do not and will not after any required notice and passage of any applicable grace period conflict with or constitute a violation of any statute or conflict with or result in a breach of any of the terms or provisions of, constitute a default under or result in the imposition of any lien pursuant to (1) the charter or by-laws of the Company, (2) any agreement or instrument known to such counsel to which the Company is a party or by which the Company or the Company’s properties may be bound, which conflict, violation, breach, default or lien could reasonably be expected to have a Material Adverse Effect or (3) any order known to such counsel or rule or regulation of any court or governmental agency or body which in the experience of such counsel is customarily applicable to the transactions herein contemplated (except that such counsel expresses no opinion with respect to any requirement of FINRA or pursuant to any state securities or Blue Sky laws).

(k) This Agreement has been duly authorized, executed and delivered by the Company.

(l) The Shares conform in all material respects to the descriptions thereof contained in the Registration Statement, the General Disclosure Package and the Prospectus.

(m) No approval, consent, order, authorization, designation, declaration or filing by or with any regulatory, administrative or other governmental body is necessary in connection with the execution and delivery by the Company of this Agreement and the performance by the Company of its obligations thereunder (other than as may be required by the Commission or FINRA or as required by state securities and Blue Sky laws as to which such counsel need express no opinion) except such as have been obtained or made by the Company, specifying the same.

(n) The Company is not, and immediately after the sale of the Shares pursuant to the terms and conditions of this Agreement will not be, an “investment company” within the meaning of the Investment Company Act of 1940.

(o) Any required filing pursuant to Rule 433 under the Securities Act of each Issuer Free Writing Prospectus that is identified on Schedule III hereto has been made within the time period required by Rule 433(d) under the Securities Act and any required filing of the Preliminary Prospectus, the Prospectus and any supplement thereto pursuant to Rule 424 under the Securities Act has been made in the manner and within the time period required by Rule 424 under the Securities Act.

In addition, either such counsel or Arnold & Porter LLP, special tax counsel to the Company, will provide an opinion to the effect that the Company is qualified to be taxed as a real estate investment trust pursuant to Sections 856 through 860 of the Code for its taxable years ended December 31, 2010 through December 31, 2013, and the Company’s organization and current and proposed method of operation, as described in the Registration Statement, the General Disclosure Package and the Prospectus, will enable the Company to continue to meet the requirements for qualification and taxation as a real estate investment trust under the Code for its taxable year ending December 31, 2014 and thereafter. Furthermore, such counsel shall opine that the statements contained under the heading “Taxation” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013, and any amendments thereto, are correct and accurate in all material respects and present fairly and accurately the material aspects of the federal income tax (i) treatment of the Company and (ii) considerations that are likely to be material to a holder of the Common Stock.

In rendering such opinion, such counsel may rely as to matters governed by the laws of states other than the laws of the State of Ohio, the corporate laws of the State of Delaware or Federal laws on local counsel in such jurisdictions, provided that in such case such counsel shall state that they believe that they and the Underwriters are justified in relying on such other counsel and such other counsel shall indicate that the Underwriters may rely on such opinion. As to matters of fact, to the extent they deem proper, such counsel may rely on certificates of officers of the Company and public officials so long as such counsel states that they have no reason to believe that either the Underwriters or they are not justified in relying on such certificates. In addition to the matters set forth above, the opinion of Shumaker, Loop & Kendrick, LLP shall also include a statement to the effect that nothing has come to the attention of such counsel which leads them to believe that (a) the Registration Statement, as of the time of its effectiveness for purposes of Section 11 of the Securities Act and as of the Applicable Time, contained or contains an untrue statement of a material fact or omitted or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading, (b) the General Disclosure Package, as of the Applicable Time, contained an untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading and (c) the Prospectus, or any

supplement thereto, as of its date and as of the Closing Date or the Option Closing Date, as the case may be, contained or contains an untrue statement of a material fact or omitted or omits to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (except that such counsel need express no view as to financial statements, schedules and other financial data included therein). With respect to such statement, Shumaker, Loop & Kendrick, LLP may state that this statement is based upon the procedures set forth or incorporated by reference therein, but is without independent check and verification.

(iv) The Representatives shall have received from Calfee, Halter & Griswold LLP, counsel for the Underwriters, on the Closing Date and the Option Closing Date, if any, an opinion dated the Closing Date or the Option Closing Date, as the case may be, with respect to the organization of the Company, the validity of the Shares, the Registration Statement, the General Disclosure Package and the Prospectus, and other related matters as the Representatives reasonably may request and such counsel shall have received such papers and information as they reasonably request to enable them to pass upon such matters.

(v) At the time of execution of this Agreement, the Representatives shall have received from Ernst & Young LLP a signed letter, in form and substance satisfactory to the Representatives, dated the date hereof (a) confirming that they are an independent registered public accounting firm with respect to the Company and its Subsidiaries within the meaning of the Securities Act, the Rules and Regulations and the PCAOB and are in compliance with the applicable requirements relating to the qualification of accountants under Rule 2-01 of Regulation S-X of the Commission and (b) stating the conclusions and findings of such firm with respect to the financial information examined by them and included or incorporated by reference in the Registration Statement and the General Disclosure Package and containing such other statements and information as is ordinarily included in accountants’ “comfort letters” to underwriters in connection with registered public offerings.

(vi) With respect to the letter of Ernst & Young LLP referred to in the preceding paragraph and delivered to the Representatives concurrently with the execution of this Agreement (the “initial letter”), the Company shall have furnished to the Representatives a letter, in form and substance satisfactory to the Representatives (the “bring-down letter”), of such accountants, dated the Closing Date and the Option Closing Date, if any, (a) confirming that they are an independent registered public accounting firm with respect to the Company and its Subsidiaries within the meaning of the Securities Act, the Rules and Regulations and the PCAOB and are in compliance with the applicable requirements relating to the qualification of accountants under Rule 2-01 of Regulation S-X of the Commission, (b) stating the conclusions and findings of such firm with respect to the financial information and other matters covered by the initial letter and the financial information examined by them and included in the Prospectus and (c) confirming in all material respects the conclusions and findings set forth in the initial letter.

(vii) The Representatives shall have received on the Closing Date and the Option Closing Date, if any, a certificate or certificates of the Chief Executive Officer and the Executive Vice President and Chief Financial Officer of the Company to the effect that on and as of the Closing Date or the Option Closing Date, as the case may be:

(a) No stop order suspending the effectiveness of the Registration Statement or no order preventing or suspending the use of any Preliminary Prospectus, any Issuer Free Writing Prospectus or the Prospectus has been issued, and no proceedings for such purpose have been taken or are, to his knowledge, contemplated by the Commission.

(b) Subsequent to the delivery of this Agreement and prior to the Closing Date or the Option Closing Date, as the case may be, there shall not have occurred any (1) Material Adverse Effect or (2) downgrading, nor shall any notice have been given of (A) any intended or potential downgrading or (B) any review or possible change that does not indicate an affirmation or improvement in the rating, if any, accorded any securities of or guaranteed by the Company by any “nationally recognized statistical rating organization,” as such term is defined for purposes of Section 3(a)(62) of the Exchange Act.

(c) The representations and warranties of the Company as set forth in this Agreement are true and correct as of the Closing Date or the Option Closing Date, as the case may be, as if made on such date. The Company has performed all of its obligations under this Agreement as are to be performed at or before the Closing Date or the Option Closing Date, as the case may be.

The representations and warranties made in this Section 6(vii) shall be deemed made by the Company.

(viii) The Representatives shall have received at or prior to the Closing Date, an agreement, in form and substance satisfactory to the Representatives, signed by the executive officers of the Company listed on Schedule V hereto (the “Executive Officers”) to the effect that they will not, prior to the expiration of 30 days from the date of this Agreement, offer, sell, swap or otherwise dispose of any shares of Common Stock, securities of the Company convertible into, exchangeable or exercisable for, or substantially similar to the Common Stock or on parity with or senior to the Common Stock (with respect to distribution rights or payments upon the Company’s liquidation, dissolution or winding up), or any securities that the Executive Officers have, or will have, the right to acquire through the exercise of options, warrants, subscription or other rights, without the prior written consent of Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, except (a) pursuant to bona fide gifts, provided that the Company shall have delivered to Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC written consent to such gift, but in no event shall the gifts under this subsection (a) of the Executive Officers exceed 75,000 shares of Common Stock in the aggregate, (b) pursuant to routine dispositions under Rule 10b5-1 Sales Plans entered into by certain Executive Officers prior to or after the date hereof, but in no event shall the dispositions under this subsection (b) of the Executive Officers exceed 200,000 shares of Common Stock in the aggregate, and (c) shares obtained pursuant to the Company’s equity compensation plans for officers, employees, and non-employee directors, provided that the Company shall have delivered to Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC written consent to such sale, but in no event shall the sales under this subsection (c) of the Executive Officers exceed 100,000 shares of Common Stock in the aggregate.

(ix) The Shares to be sold by the Company as of the Closing Date or the Option Closing Date, as the case may be, shall have been duly approved for listing, subject to notice of issuance, on the NYSE.

The opinions and certificates mentioned in this Agreement shall be deemed to be in compliance with the provisions hereof only if they are in all material respects reasonably satisfactory to the Representatives and to Calfee, Halter & Griswold LLP, counsel for the Underwriters.

If any of the conditions hereinabove provided for in this Section 6 shall not have been fulfilled when and as required by this Agreement to be fulfilled, the obligations of the Underwriters hereunder may be terminated by the Representatives by notifying the Company of such termination in writing or by telecopy at or prior to the Closing Date. In such event, the Company and the Underwriters shall not be under any obligation to each other (except to the extent provided in Sections 5 and 8 hereof).

7. Conditions of the Obligations of the Company. The obligations of the Company to sell and deliver the portion of the Shares required to be delivered as and when specified in this Agreement are subject to the conditions that at the Closing Date or the Option Closing Date, as the case may be, no stop order suspending the effectiveness of the Registration Statement shall have been issued and in effect or proceedings therefor initiated or threatened.

8. Indemnification.

(i) The Company agrees to indemnify and hold harmless each Underwriter, its affiliates, as such term is defined in Rule 501(b) under the Securities Act (each, an “Affiliate”), its officers and directors, and each person, if any, who controls any Underwriter within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act against any losses, claims, damages or liabilities to which such Underwriter or such Affiliate, officer, director or controlling person may become subject under the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions or proceedings in respect thereof) arise out of or are based upon (a) any untrue statement or alleged untrue statement of any material fact contained or incorporated by reference in the Registration Statement, any Preliminary Prospectus, any Issuer Free Writing Prospectus, the Prospectus or any amendment or supplement thereto, or (b) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading in the case of the Registration Statement or any amendment thereto, or in the case of any Preliminary Prospectus, any Issuer Free Writing Prospectus or the Prospectus or any amendment or supplement thereto, in light of the circumstances under which they were made, and will reimburse each such Underwriter and each such Affiliate, officer, director or controlling person for any legal or other expenses reasonably incurred by such Underwriter or such Affiliate, officer, director or controlling person in connection with investigating or defending any such loss, claim, damage, liability, action or proceeding; provided, however, that the Company will not be liable in any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon an untrue statement or alleged untrue statement, or omission or alleged omission made or incorporated by reference in the Registration Statement, any Preliminary Prospectus, any Issuer Free Writing Prospectus or the Prospectus, or such amendment or supplement, in reliance upon and in conformity with written information furnished to the Company by or through the Representatives specifically for use in the preparation thereof. This indemnity agreement will be in addition to any liability which the Company may otherwise have.

(ii) Each Underwriter, severally and not jointly, will indemnify and hold harmless the Company, each of its directors, each of its officers who have signed the Registration Statement, and each person, if any, who controls the Company within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, against any losses, claims, damages or liabilities to which the Company or any such director, officer or controlling person may become subject under the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions or proceedings in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of any material fact contained or incorporated by reference in the Registration Statement, any Preliminary Prospectus, any Issuer Free Writing Prospectus or the

Prospectus, or any amendment or supplement thereto, or arise out of or are based upon the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading in the case of the Registration Statement or any amendment thereto, or in the case of any Preliminary Prospectus, any Issuer Free Writing Prospectus or the Prospectus, or any amendment or supplement thereto, in the light of the circumstances under which they were made, and will reimburse any legal or other expenses reasonably incurred by the Company or any such director, officer or controlling person in connection with investigating or defending any such loss, claim, damage, liability, action or proceeding; provided, however, that each Underwriter will be liable in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission has been made or incorporated by reference in the Registration Statement, any Preliminary Prospectus, any Issuer Free Writing Prospectus or the Prospectus, or such amendment or supplement, in reliance upon and in conformity with written information furnished to the Company by or through the Representatives specifically for use in the preparation thereof as described in Section 13 of this Agreement. This indemnity agreement will be in addition to any liability which such Underwriter may otherwise have.

(iii) In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to this Section 8, such person (the “indemnified party”) shall promptly notify the person against whom such indemnity may be sought (the “indemnifying party”) in writing; provided that the failure to so notify will not relieve the indemnifying party from any liability that the indemnifying party may have on account of the provisions of Sections 8(i) or (ii) or otherwise, except to the extent that the indemnifying party shall not have otherwise learned of such proceeding and such failure is materially prejudicial to the indemnifying party. In case any such proceeding shall be brought against any indemnified party and it shall notify the indemnifying party of the commencement thereof, the indemnifying party shall be entitled to participate therein and, to the extent that it shall wish jointly with any other indemnifying party similarly notified, to assume the defense thereof, with counsel satisfactory to such indemnified party and shall pay as incurred the fees and disbursements of such counsel related to such proceeding. In any such proceeding, any indemnified party shall have the right to retain its own counsel at its own expense. Notwithstanding the foregoing, the indemnifying party shall pay as incurred the fees and expenses of the counsel retained by the indemnified party in the event (a) the indemnifying party and the indemnified party shall have mutually agreed to the retention of such counsel, (b) the indemnifying party shall not have employed counsel satisfactory to the indemnified party to represent the indemnified party within a reasonable time after notice of the action or (c) the named parties to any such proceeding (including any impleaded parties) include both the indemnifying party and the indemnified party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them, in which case the indemnifying party shall not be entitled to assume the defense of such suit notwithstanding its obligation to bear the fees and expenses of such counsel. It is understood that the indemnifying party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm for all such indemnified parties and one local counsel. Such firm shall be designated in writing by the Representatives in the case of parties indemnified pursuant to Section 8(i) and by the Company in the case of parties indemnified pursuant to Section 8(ii). No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement, compromise or consent to the entry of judgment in any pending or threatened action, suit or proceeding in respect of which such indemnified party is a party and indemnity was sought hereunder by such indemnified party, unless such settlement, compromise or consent (x) includes an unconditional release of such indemnified party from all liability on claims that are the subject

matter of such action, suit or proceeding and (y) does not include a statement as to or an admission of fault, culpability or a failure to act, by or on behalf of such indemnified party. The indemnifying party shall not be liable for any settlement of any proceeding effected without its written consent but if settled with such consent or if there be a final judgment for the plaintiff, the indemnifying party agrees to indemnify the indemnified party from and against any loss or liability by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an indemnified party shall have requested an indemnifying party to reimburse the indemnified party for fees and expenses of counsel as contemplated by the fifth sentence of this paragraph, the indemnifying party agrees that it shall be liable for any settlement of any proceeding effected without its written consent to which the indemnification obligations of the Company hereunder are applicable if (a) such settlement is entered into more than 60 days after receipt by such indemnifying party of the aforesaid request and (b) such indemnifying party shall not have reimbursed the indemnified party in accordance with such request prior to the date of such settlement (unless the indemnified party is contesting in good faith the amount so reimbursable).

(iv) If the indemnification provided for in this Section 8 is unavailable to or insufficient to hold harmless to the extent required therein an indemnified party under Sections 8(i) or (ii) above in respect of any losses, claims, damages or liabilities (or actions or proceedings in respect thereof) referred to therein, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages or liabilities (or actions or proceedings in respect thereof) in such proportion as is appropriate to reflect the relative benefits received by the Company and the Underwriters from the offering of the Shares. If, however, the allocation provided by the immediately preceding sentence is not permitted by applicable law or if the indemnified party failed to give the notice required under Section 8(iii) above, then each indemnifying party shall contribute to such amount paid or payable by such indemnified party in such proportion as is appropriate to reflect not only such relative benefits but also the relative fault of the Company and the Underwriters in connection with the statements or omissions which resulted in such losses, claims, damages or liabilities (or actions or proceedings in respect thereof), as well as any other relevant equitable considerations. The relative benefits received by the Company and the Underwriters shall be deemed to be in the same proportion as the total net proceeds from the offering (before deducting expenses) received by the Company and the Underwriters bear to the total proceeds of the offering (the proceeds received by the Underwriters being equal to the total underwriting discounts and commissions received by the Underwriters), in each case as set forth in the table on the cover page of the Prospectus. The relative fault shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company or the Underwriters and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission.

The Company and the Underwriters agree that it would not be just and equitable if contributions pursuant to this Section 8(iv) were determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to above in this Section 8(iv). The amount paid or payable by an indemnified party as a result of the losses, claims, damages or liabilities (or actions or proceedings in respect thereof) referred to above in this Section 8(iv) shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 8(iv), (a) no Underwriter shall be required to contribute any amount in excess of the underwriting discounts and commissions applicable to the Shares purchased by such Underwriter and (b) no person guilty of fraudulent

misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The Underwriters’ obligations under this Section 8(iv) to contribute are several in proportion to their respective underwriting obligations and not joint.

(v) In any proceeding relating to the Registration Statement, any Preliminary Prospectus, any Issuer Free Writing Prospectus or the Prospectus, or any supplement or amendment thereto, each party against whom contribution may be sought under this Section 8 hereby consents to the jurisdiction of any court having jurisdiction over any other contributing party, agrees that process issuing from such court may be served upon him or it by any other contributing party and consents to the service of such process and agrees that any other contributing party may join him or it as an additional defendant in any such proceeding in which such other contributing party is a party.

9. Notices. All communications hereunder shall be in writing and, except as otherwise provided herein, will be mailed, delivered or telecopied and confirmed as follows: if to the Underwriters, to Merrill Lynch, Pierce, Fenner & Smith Incorporated, One Bryant Park, New York, New York 10036, Attention of Syndicate Department (facsimile: (646) ###-###-####), with a copy to ECM Legal (facsimile: (212) ###-###-####), to Goldman, Sachs & Co., 200 West Street, New York, New York 10282, Attention: Registration Department, to J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attention: Equity Syndicate Desk and to Morgan Stanley & Co. LLC, 1585 Broadway, New York, NY 10036, Attention: Equity Syndicate Desk, with a copy to the Legal Department; if to the Company, to Health Care REIT, Inc., 4500 Dorr Street, Toledo, Ohio 43615, or via fax at (419) ###-###-####, Attention: Thomas J. DeRosa, Chief Executive Officer.

10. Termination. This Agreement may be terminated by the Representatives by notice to the Company as follows:

(i) at any time prior to the Closing Date or any Option Closing Date (if different from the Closing Date and then only as to the Option Shares) if any of the following has occurred: (a) since the date hereof, any adverse change or any development involving a prospective adverse change in or affecting the condition, financial or otherwise, of the Company or the earnings, business affairs, management or business prospects of the Company, whether or not arising in the ordinary course of business, that, in your judgment, is material so as to make the offering or delivery of the Shares impracticable or inadvisable, (b) any outbreak or escalation of hostilities or declaration of war or national emergency after the date hereof or other national or international calamity or crisis or change in economic or political conditions if the effect of such outbreak, escalation, declaration, emergency, calamity, crisis or change on the financial markets of the United States would, in your judgment, make the offering or delivery of the Shares impracticable or inadvisable, (c) trading in securities generally on the NYSE, the NYSE MKT Equities or the NASDAQ, or in the Company’s securities on the NYSE, shall have been suspended or materially limited (other than limitations on hours or numbers of days of trading) or minimum prices shall have been established for securities on any such exchange, (d) the enactment, publication, decree or other promulgation of any federal or state statute, regulation, rule or order of any court or other governmental authority which in your reasonable opinion materially and adversely affects or will materially or adversely affect the business or operations of the Company, (e) declaration of a banking moratorium by either federal or New York State authorities or material disruption in securities settlement or clearance services in the United States, (f) any litigation or proceeding is pending or threatened against any Underwriter which seeks to enjoin or otherwise restrain, or seeks damages in connection with, or questions the legality or validity of this Agreement or the transactions contemplated hereby, or (g) any

downgrading, or the giving of any notice of (1) any intended or potential downgrading or (2) any review or possible change that does not indicate an affirmation or improvement in the rating, if any, accorded to any securities of or guaranteed by the Company by any “nationally recognized statistical rating organization,” as such term is defined for purposes of Section 3(a)(62) of the Exchange Act; or

(ii) as provided in Sections 6 and 11 of this Agreement.

11. Default by Underwriters. If, on the Closing Date or the Option Closing Date, as the case may be, any one or more of the Underwriters shall fail or refuse to purchase Shares that it has or they have agreed to purchase hereunder on such date (except in the event of a default on the part of the Company), and the aggregate number of Shares which such defaulting Underwriter or Underwriters agreed but failed or refused to purchase is ten percent or less of the aggregate number of Shares to be purchased on such date, the other Underwriters may make arrangements satisfactory to the Representatives for the purchase of such Shares by other persons (who may include one or more of the non-defaulting Underwriters, including the Representatives), but if no such arrangements are made by the Closing Date or the Option Closing Date, as the case may be, the other Underwriters shall be obligated severally in the proportions that the number of Shares set forth opposite their respective names in Schedule I hereto bears to the aggregate number of Shares set forth opposite the names of all such non-defaulting Underwriters, or in such other proportions as the Representatives may specify, to purchase the Shares which such defaulting Underwriter or Underwriters agreed but failed or refused to purchase on such date. If, on the Closing Date or the Option Closing Date, as the case may be, any Underwriter or Underwriters shall fail or refuse to purchase Shares and the aggregate number of Shares with respect to which such default (except in the event of a default on the part of the Company) occurs is more than ten percent of the aggregate number of Shares to be purchased, and arrangements satisfactory to the Representatives and the Company for the purchase of such Shares are not made within 36 hours after such default, this Agreement shall terminate without liability on the part of any non-defaulting Underwriter or the Company. In any such case either the Representatives or the Company shall have the right to postpone the Closing or the Option Closing, as the case may be, but in no event for longer than seven days, in order that the required changes, if any, in the Registration Statement, the General Disclosure Package or the Prospectus or in any other documents or arrangements may be effected. As used in this Agreement, the term “Underwriter” includes any person substituted for an Underwriter under this Section 11. Any action taken under this Section 11 shall not relieve any defaulting Underwriter from liability in respect of any default of such Underwriter under this Agreement.

12. Successors. This Agreement has been and is made solely for the benefit of the Underwriters and the Company and their respective successors, executors, administrators, heirs and assigns, and the officers, directors and controlling persons referred to herein, and no other person will have any right or obligation hereunder. The term “successors” shall not include any purchaser of the Shares merely because of such purchase.

13. Information Provided by Underwriters. The Company and the Underwriters acknowledge and agree that the only information furnished or to be furnished by the Underwriters to the Company for inclusion in the Registration Statement, any Preliminary Prospectus, any Issuer Free Writing Prospectus or the Prospectus consists of the information set forth in the third, thirteenth through eighteenth, and twentieth paragraphs, but not including the second sentence and penultimate sentence of the twentieth paragraph (provided that, with respect to such eighteenth paragraph, only the Underwriter that maintains a website through which information relating to the sale of the Shares is provided shall be deemed to have provided information through such website for purposes of this Section 13 and the information so provided shall be deemed to include only the information contained in such website other than the Prospectus), under the caption “Underwriting” in the Prospectus.

14. Miscellaneous. The reimbursement, indemnification and contribution agreements contained in this Agreement and the representations, warranties and covenants in this Agreement shall remain in full force and effect regardless of (i) any termination of this Agreement, (ii) any investigation made by or on behalf of any Underwriter or controlling person thereof, or by or on behalf of the Company or its directors or officers and (iii) delivery of and payment for the Shares under this Agreement.

The Company hereby acknowledges that each of the Underwriters is acting solely as an underwriter in connection with the purchase and sale of the Company’s securities. The Company further acknowledges that the Underwriters are acting pursuant to a contractual relationship created solely by this Agreement entered into on an arm’s length basis and in no event do the parties intend that any Underwriter act or be responsible as a fiduciary to the Company, its management, stockholders, creditors or any other person in connection with any activity that any Underwriter may undertake or has undertaken in furtherance of the purchase and sale of the Company’s securities, either before or after the date hereof. The Underwriters hereby expressly disclaim any fiduciary or similar obligations to the Company, either in connection with the transactions contemplated by this Agreement or any matters leading up to such transactions, and the Company hereby confirms its understanding and agreement to that effect. The Company and the Underwriters agree that they are each responsible for making their own independent judgments with respect to any such transactions, and that any opinions or views expressed by the Underwriters to the Company regarding such transactions, including but not limited to any opinions or views with respect to the price or market for the Company’s securities, do not constitute advice or recommendations to the Company. The Company hereby waives and releases, to the fullest extent permitted by law, any claims that the Company may have against the Underwriters with respect to any breach or alleged breach of any fiduciary or similar duty to the Company in connection with the transactions contemplated by this Agreement or any matters leading up to such transactions.

This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. The Company and the Underwriters each submits to the exclusive jurisdiction of the courts of the State of New York located in the Borough of Manhattan in the City and County of New York and the United States District Court for the Southern District of New York with respect to any action or dispute in any way arising out of or relating to this Agreement. Each of the Company (on its behalf and, to the extent permitted by applicable law, on behalf of its stockholders and affiliates) and the Underwriters waives all right to trial by jury in any action, proceeding or counterclaim (whether based upon contract, tort or otherwise) in any way arising out of or relating to this Agreement.

[The remainder of this page is intentionally left blank.]

If the foregoing letter is in accordance with your understanding of our agreement, please sign and return to us the enclosed duplicates hereof, whereupon it will become a binding agreement among the Company and the Underwriters in accordance with its terms.


Very truly yours,

HEALTH CARE REIT, INC.

By:		/s/ Scott A. Estes
Name:		Scott A. Estes
Title:		Executive Vice President and
		Chief Financial Officer

The foregoing Underwriting Agreement

is hereby confirmed and accepted as

of the date first above written.

MERRILL LYNCH, PIERCE, FENNER & SMITH

INCORPORATED

GOLDMAN, SACHS & CO.

J.P. MORGAN SECURITIES LLC

MORGAN STANLEY & CO. LLC

As Representatives of the Underwriters listed on Schedule I


By:	MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

	By:	/s/ Gray Hampton
	Name: Gray Hampton
	Title: Managing Director

By:	GOLDMAN, SACHS & CO.

	By:	/s/ Michael Hickey
	Name: Michael Hickey
	Title: Managing Director

By:	J.P. MORGAN SECURITIES LLC

	By:	/s/ Karin Ross
	Name: Karin Ross
	Title: Executive Director

By:	MORGAN STANLEY & CO. LLC

	By:	/s/ Matthew S. Johnson
	Name: Matthew S. Johnson
	Title: Managing Director

SCHEDULE I

Schedule of Underwriters


Underwriter	Number of Shares to be Purchased
Merrill Lynch, Pierce, Fenner & Smith Incorporated		2,940,000
Goldman, Sachs & Co.		1,960,000
J.P. Morgan Securities LLC		1,960,000
Morgan Stanley & Co. LLC		1,960,000
KeyBanc Capital Markets Inc.		560,000
RBC Capital Markets, LLC		560,000
UBS Securities LLC		560,000
Barclays Capital Inc.		280,000
Citigroup Global Markets Inc.		280,000
Credit Agricole Securities (USA) Inc.		280,000
Credit Suisse Securities (USA) LLC		280,000
Deutsche Bank Securities Inc.		280,000
PNC Capital Markets LLC		280,000
Raymond James & Associates, Inc.		280,000
Stifel, Nicolaus & Company, Incorporated		280,000
Wells Fargo Securities, LLC		280,000
BB&T Capital Markets, a division of BB&T Securities, LLC		140,000
BNY Mellon Capital Markets, LLC		140,000
Comerica Securities, Inc.		140,000
The Huntington Investment Company		140,000
RBS Securities Inc.		140,000
SMBC Nikko Securities America, Inc.		140,000
SunTrust Robinson Humphrey, Inc.		140,000

Total		14,000,000

SCHEDULE II


Public Offering Price Per Share:	$	62.35
Number of Shares Subject to the Offering:		14,000,000

SCHEDULE III

None.

SCHEDULE IV

Schedule of Subsidiaries


Subsidiary Name		Jurisdiction of Organization
1 Sutphin Drive Associates, LLC		WV
10 Devon Drive Acton LLC		DE
100 Knoedler Road, LLC		DE
101 Bickford Extension Avon LLC		DE
101 Membership Company of Maryland, Inc.		MD
101 Membership Company of West Virginia, Inc.		WV
101 Membership Holding Company I of Pennsylvania, Inc.		PA
1011 E. Pecan Grove Road, LLC		DE
10225 Cypresswood Drive, LLC		DE
10475 Wilshire Boulevard Borrower, LLC		DE
10475 Wilshire Boulevard, LLC		DE
111 Lazelle Road East, LLC		DE
111 South Shore Drive East Haven LLC		DE
1110 E. Westview Court, LLC		DE
1111 W. College Parkway, LLC		DE
1118 N. Stoneman Avenue, LLC		DE
11320 North Council Road, LLC		DE
1133 Black Rock Road, LLC		DE
1160 Elm Street Rocky Hill LLC		DE
1185 Davidson Road, LLC		DE
1205 North Church Street, LLC		DE
1221 Seventh Street, LLC		DE
12429 Scofield Farms Drive, LLC		DE
1250 West Pioneer Parkway, LLC		DE
130 Buena Vista Street, LLC		DE
13075 Evening Creek Drive South, LLC		DE
132 Warwick Road, LLC		DE
13200 South May Avenue, LLC		DE
1329 Brown Street, LLC		DE
1340 N. Washington Boulevard, LLC		DE
1405 Limekiln Pike, LLC		DE
1425 Yorkland Road LLC		DE
143 West Franklin Avenue, LLC		DE
1460 Johnson Ferry Road, LLC		DE


Subsidiary Name		Jurisdiction of Organization
14707 Northville Road, LLC		DE
15 Edison Road, LLC		DE
1500 Borden Road, LLC		DE
153 Cardinal Drive Agawam LLC		DE
1530 Needmore Holdings, LLC		DE
15401 North Pennsylvania Avenue, LLC		DE
155 Raymond Road, LLC		DE
1565 Virginia Ranch Road, LLC		DE
1600 Center Road, LLC		DE
1625 W. Spring Street, LLC		DE
1710 S.W. Health Parkway, LLC		DE
17231 Mill Forest Road, LLC		DE
1785 Freshley Avenue, LLC		DE
180 Scott Road Waterbury LLC		DE
1818 Martin Drive, LLC		DE
1850 Crown Park Court, LLC		DE
1920 Cleveland Road West, LLC		DE
1931 Southwest Arvonia Place, LLC		DE
1936 Brookdale Road, LLC		DE
2 Technology Drive North Chelmsford LLC		DE
20 Academy Lane LLC		DE
200 E. Village Road, LLC		DE
2003 Falls Boulevard Quincy LLC		DE
2005 Route 22 West, LLC		DE
2021 Highway 35, LLC		DE
2050 North Webb Road, LLC		DE
209 Merriman Road, L.L.C.		DE
21 Bradley Road Woodbridge LLC		DE
2101 New Hope Street, LLC		DE
2151 Green Oaks Road, LLC		DE
22 Richardson Road Centerville LLC		DE
222 East Beech Street—Jefferson, L.L.C.		DE
2281 Country Club Drive, LLC		DE
22955 Eastex Freeway, LLC		DE
23 Southpointe Drive, LLC		DE


Subsidiary Name		Jurisdiction of Organization
2300 Washington Street Newton LLC		DE
2325 Rockwell Drive, LLC		DE
2341 W. Norvell Bryant Highway, LLC		DE
2387 Boston Road Wilbraham LLC		DE
240 E. Third Street, LLC		DE
2416 Brentwood Street, LLC		DE
242 Main Street Salem LLC		DE
246A Federal Road Brookfield LLC		DE
25 Cobb Street Mansfield LLC		DE
2695 Valleyview Boulevard, LLC		DE
27 Forest Falls Drive Yarmouth LLC		DE
2750 Reservoir Avenue Trumbull LLC		DE
280 Newtonville Avenue Newton LLC		DE
2800 60th Avenue West, LLC		DE
2860 Country Drive, LLC		DE
2929 West Holcombe Boulevard, LLC		DE
300 Pleasant Street Concord LLC		DE
303 Valley Road Middletown LLC		DE
311 E. Hawkins Parkway, LLC		DE
311 Route 73, LLC		DE
3117 E. Chaser Lane, LLC		DE
3200 West Slaughter Lane, LLC		DE
3213 45th Street Court NW, LLC		WA
3220 Peterson Road, LLC		DE
331 Holt Lane Associates, LLC		WV
340 May Street Worcester LLC		DE
3434 Watters Road, LLC		DE
35 Hamden Hills Drive Hamden LLC		DE
350 Locust Drive, LLC		DE
3535 Manchester Avenue Borrower, LLC		DE
3535 Manchester Avenue, LLC		DE
36101 Seaside Boulevard, LLC		DE
3625 Green Crest Street, LLC		DE
3650 Southeast 18th Avenue, LLC		DE
3921 North Main Street, LLC		DE
4 Forge Hill Road Franklin LLC		DE
402 South Colonial Drive, LLC		DE
41 Springfield Avenue, LLC		DE
415 Sierra College Drive, LLC		DE


Subsidiary Name		Jurisdiction of Organization
417 Main Street Niantic LLC		DE
4206 Stammer Place, LLC		DE
422 23rd Street Associates, LLC		WV
430 Centre Street Newton LLC		DE
430 North Union Road, LLC		DE
4315 Johns Creek Parkway, LLC		DE
432 Buckland Road South Windsor LLC		DE
438 23rd Street Associates, LLC		WV
4400 West 115th Street, LLC		DE
4402 South 129th Avenue West, LLC		DE
4500 Dorr Street Holdings, LLC		DE
4775 Village Drive, LLC		DE
4855 Snyder Lane, LLC		DE
5 Corporate Drive Bedford LLC		DE
5 Rolling Meadows Associates, LLC		WV
50 Sutherland Road Brighton LLC		DE
50 Town Court, LLC		DE
500 Seven Fields Boulevard, LLC		DE
504 North River Road, LLC		DE
505 North Maize Road, LLC		DE
511 Kensington Avenue Meriden LLC		DE
515 Jack Martin Boulevard, LLC		DE
5165 Summit Ridge Court, LLC		DE
5166 Spanson Drive SE, LLC		DE
5301 Creedmoor Road, LLC		DE
5437 Eisenhauer Road, LLC		DE
5455 Glenridge Drive, NE, LLC		DE
5521 Village Creek Drive, LLC		DE
5550 Old Jacksonville Highway, LLC		DE
5700 Karl Road, LLC		DE
5902 North Street, LLC		DE
616 Lilly Road NE, LLC		WA
645 Saybrook Road Middletown LLC		DE
655 Mansell Road, LLC		DE
6605 Quail Hollow Road, LLC		DE
680 Mountain Boulevard, LLC		DE
687 Harbor Road Shelburne LLC		DE
6949 Main Street, LLC		DE
699 South Park Associates, LLC		WV


Subsidiary Name		Jurisdiction of Organization
700 Chickering Road North Andover LLC		DE
700 Smith Street Providence LLC		DE
7001 Forest Avenue, LLC		DE
701 Market Street, LLC		DE
721 Hickory Street, LLC		DE
7231 East Broadway, LLC		DE
731 Old Buck Lane, LLC		DE
75 Minnesota Avenue Warwick LLC		DE
750 North Collegiate Drive, LLC		DE
7610 Isabella Way, LLC		DE
77 Plains Road LLC		DE
7900 Creedmoor Road, LLC		DE
7950 Baybranch Drive, LLC		DE
799 Yellowstone Drive, LLC		DE
800 Canadian Trails Drive, LLC		DE
800 Oregon Street, LLC		DE
8010 East Mississippi Avenue, LLC		DE
8220 Natures Way, LLC		DE
831 Santa Barbara Boulevard, LLC		DE
8503 Mystic Park, LLC		DE
867 York Road Associates, LLC		PA
8702 South Course Drive, LLC		DE
901 Florsheim Drive, LLC		DE
9131-6844 Quebec Inc.		Quebec
935 Union Lake Road, LLC		DE
965 Hager Drive, LLC		DE
9802 48th Drive NE, LLC		DE
Acacia Lodge Ltd		Island of Jersey
Acacia Mews Ltd		Island of Jersey
Academy Nursing Home, Inc.		MA
Acer Court Ltd		Island of Jersey
Acer House Ltd		Island of Jersey
Acorn Lodge Ltd		Island of Jersey
ADS/Multicare, Inc.		DE
AL California GP, LLC		DE
AL California GP-II, LLC		DE


Subsidiary Name		Jurisdiction of Organization
AL California GP-III, LLC		DE
AL Santa Monica Senior Housing, LP		DE
AL U.S. Development Venture, LLC		DE
AL U.S. Pool One, LLC		DE
AL U.S. Pool Three, LLC		DE
AL U.S. Pool Two, LLC		DE
AL U.S./Bonita II Senior Housing, L.P.		CA
AL U.S./GP Woods II Senior Housing, LLC		DE
AL U.S./Huntington Beach Senior Housing, L.P.		CA
AL U.S./LaJolla II Senior Housing, L.P.		CA
AL U.S./LaPalma II Senior Housing, L.P.		CA
AL U.S./Playa Vista Senior Housing, L.P.		CA
AL U.S./Sacramento II Senior Housing, L.P.		CA
AL U.S./San Gabriel Senior Housing, L.P.		CA
AL U.S./Seal Beach Senior Housing, L.P.		CA
AL U.S./Studio City Senior Housing, L.P.		CA
AL U.S./Woodland Hills Senior Housing, L.P.		CA
Alberta Acres Facility Inc.		Ontario
AMCO I, LLC		WI
Apple Valley Operating Corp.		MA
ARC Denver Monaco, LLC		DE
ARC Minnetonka, LLC		DE
ARC Overland Park, LLC		DE
ARC Roswell, LLC		DE
ARC Sun City West, LLC		DE
ARC Tanglewood, LLC		DE
ARC Tucson, LLC		DE
Arcadia Associates		MA
Arnprior Villa Facility Inc.		Ontario
ASL, Inc.		MA
AU-HCU Holdings, LLC		DE
Badger RE Portfolio I, LLC		WI
Badger RE Portfolio II, LLC		WI
Badger RE Portfolio III, LLC		WI
Badger RE Portfolio IV, LLC		WI


Subsidiary Name		Jurisdiction of Organization
Badger RE Portfolio V, LLC		WI
BAL Colts Neck LLC		DE
BAL Fenwick Island LLC		DE
BAL Governor’s Crossing LLC		DE
BAL Holdings I, LLC		DE
BAL Holdings II, LLC		DE
BAL Holdings III, LLC		DE
BAL Holdings VII, LLC		DE
BAL Howell LLC		DE
BAL Longwood LLC		PA
BAL Reflections LLC		DE
BAL Savoy Little Neck LLC		DE
BAL Sycamore LLC		DE
BAL Toms River LLC		DE
Ballard Healthcare Investors, LLC		DE
Baton Rouge LA Senior Living Owner, LLC		DE
Bellevue Healthcare Properties, LLC		DE
Bellevue Physicians, LLC		DE
Belmont Village Buckhead Tenant, LLC		DE
Belmont Village Buffalo Grove Tenant, LLC		DE
Belmont Village Buffalo Grove, L.L.C.		DE
Belmont Village Burbank Tenant, LLC		DE
Belmont Village Burbank, LLC		DE
Belmont Village California Holdings, L.L.C.		DE
Belmont Village Cardiff Tenant, LLC		DE
Belmont Village Carol Stream, L.L.C.		DE
Belmont Village Encino Tenant, LLC		DE
Belmont Village Encino, LLC		DE
Belmont Village Geneva Road Tenant, LLC		DE
Belmont Village Glenview Tenant, LLC		DE
Belmont Village Glenview, L.L.C.		DE
Belmont Village Green Hills Tenant, LLC		DE
Belmont Village Hollywood Tenant, LLC		DE
Belmont Village Hollywood, LLC		DE
Belmont Village Johns Creek Tenant, LLC		DE


Subsidiary Name		Jurisdiction of Organization
Belmont Village Landlord 3, LLC		DE
Belmont Village Landlord, LLC		DE
Belmont Village Memphis Tenant, LLC		DE
Belmont Village Oak Park Tenant, LLC		DE
Belmont Village Oak Park, L.L.C.		DE
Belmont Village Rancho Palos Verdes Tenant, LLC		DE
Belmont Village RPV, LLC		DE
Belmont Village Sabre Springs Tenant, LLC		DE
Belmont Village San Jose Tenant, LLC		DE
Belmont Village San Jose, LLC		DE
Belmont Village St. Matthews Tenant, LLC		DE
Belmont Village St. Matthews, L.L.C.		DE
Belmont Village Sunnyvale Tenant, LLC		DE
Belmont Village Sunnyvale, LLC		DE
Belmont Village Tenant 2, LLC		DE
Belmont Village Tenant 3, LLC		DE
Belmont Village Tenant, LLC		DE
Belmont Village West University Tenant, LLC		DE
Belmont Village Westwood Tenant, LLC		DE
Benchmark Investments X LLC		DE
Benchmark Investments XI LLC		DE
Berkeley Haven Limited Partnership		WV
Berks Nursing Homes, Inc.		PA
Bettendorf Physicians, LLC		DE
BKD-HCN Landlord, LLC		DE
BKD-HCN Tenant, LLC		DE
Bloomfield South MI Senior Living Owner, LLC		DE
Boardman Physicians LLC		DE
Boulder Assisted Living, L.L.C.		DE
Brandall Central Avenue, LLC		DE
Brewer Holdco, Inc.		DE
Breyut Convalescent Center, L.L.C.		NJ
Bridgeton Healthcare Investors, LLC		DE
Brierbrook Partners, LLC		TN
Brinton Manor, Inc.		DE


Subsidiary Name		Jurisdiction of Organization
Broomfield CO Senior Living Owner, LLC		DE
BSL Huntington Terrace LLC		DE
Buckhead GA Senior Living Owner, LLC		DE
Burlington Woods Convalescent Center, Inc.		NJ
Burnsville Healthcare Properties, LLC		DE
B-X Agawam LLC		DE
B-X Avon LLC		DE
B-X Brighton LLC		DE
B-X Brookfield LLC		DE
B-X Centerville LLC		DE
B-X Concord LLC		DE
B-X Danvers LLC		DE
B-X East Haven LLC		DE
B-X Hamden LLC		DE
B-X Mansfield LLC		DE
B-X Meriden LLC		DE
B-X Middletown CT LLC		DE
B-X Middletown RI LLC		DE
B-X Milford LLC		DE
B-X Mystic LLC		DE
B-X Newton LLC		DE
B-X Newton Lower Falls LLC		DE
B-X Newtonville LLC		DE
B-X Niantic LLC		DE
B-X North Andover LLC		DE
B-X North Chelmsford LLC		DE
B-X Operations Holding Company LLC		DE
B-X Providence LLC		DE
B-X Quincy LLC		DE
B-X Rocky Hill LLC		DE
B-X Salem LLC		DE
B-X Shelburne LLC		DE
B-X South Windsor LLC		DE
B-X Trumbull LLC		DE
B-X Warwick LLC		DE
B-X Waterbury LLC		DE
B-X Wilbraham LLC		DE
B-X Willows Cottages LLC		DE


Subsidiary Name		Jurisdiction of Organization
B-X Willows Cottages Trustee LLC		DE
B-X Woodbridge LLC		DE
B-X Worcester LLC		DE
B-X Yarmouth LLC		DE
B-XI Acton LLC		DE
B-XI Bedford LLC		DE
B-XI Franklin LLC		DE
B-XI Operations Holding Company LLC		DE
CAL-GAT Limited Partnership		FL
CAL-LAK Limited Partnership		FL
Canoga Park Assisted Living L.L.C.		DE
Canterbury of Shepherdstown Limited Partnership		WV
Catonsville Meridian Limited Partnership		MD
CC3 Acquisition TRS Corp.		DE
CC3 Acquisition, LLC		DE
CC3 Facility Owner GP, LLC		DE
CC3 Facility Owner Holding, LLC		DE
CC3 MEZZ A, LLC		DE
CC3 MEZZ B, LLC		DE
CC3 MEZZ C, LLC		DE
CC3 MEZZ D, LLC		DE
CC3 MEZZ E, LLC		DE
Churchill Facility Inc.		Ontario
Cincinnati Physicians, LLC		DE
Claremont Facility Inc.		Ontario
Cliftonville Ltd		Island of Jersey
Concord Health Group, Inc.		DE
Coon Rapids Healthcare Investors, LLC		DE
Cooper Holding, LLC		FL
Cooper, LLC		DE
Crestview Convalescent Home, Inc.		PA
Crestview North, Inc.		PA
CRP/BWN Litchfield, L.L.C.		DE
CSH-HCN (Alexander) Inc.		Ontario
CSH-HCN (Avondale) Inc.		Ontario
CSH-HCN (Belcourt) Inc.		Ontario
CSH-HCN (Christopher) Inc.		Ontario


Subsidiary Name		Jurisdiction of Organization
CSH-HCN (Fountains) Inc.		Ontario
CSH-HCN (Gordon) Inc.		Ontario
CSH-HCN (Heritage) Inc.		Ontario
CSH-HCN (Kingsville) Inc.		Ontario
CSH-HCN (Lansing) Inc.		Ontario
CSH-HCN (Leamington) Inc.		Ontario
CSH-HCN (Livingston) Inc.		Ontario
CSH-HCN (Marquis) Inc.		Ontario
CSH-HCN (McConnell) Inc.		Ontario
CSH-HCN (Pines) Inc.		Ontario
CSH-HCN (Rideau) Inc.		Ontario
CSH-HCN (Royalcliffe) Inc.		Ontario
CSH-HCN (Scarlett) Inc.		Ontario
CSH-HCN (Tranquility) Inc.		Ontario
CSH-HCN Lessee (Alexander) GP Inc.		Ontario
CSH-HCN Lessee (Alexander) LP		Ontario
CSH-HCN Lessee (Archer) GP Inc.		Ontario
CSH-HCN Lessee (Archer) LP		Ontario
CSH-HCN Lessee (Avondale) GP Inc.		Ontario
CSH-HCN Lessee (Avondale) LP		Ontario
CSH-HCN Lessee (Belcourt) GP Inc.		Ontario
CSH-HCN Lessee (Belcourt) LP		Ontario
CSH-HCN Lessee (Boulogne) GP Inc.		Ontario
CSH-HCN Lessee (Boulogne) LP		Ontario
CSH-HCN Lessee (Chicoutimi) GP Inc.		Ontario
CSH-HCN Lessee (Chicoutimi) LP		Ontario
CSH-HCN Lessee (Christopher) GP Inc.		Ontario
CSH-HCN Lessee (Christopher) LP		Ontario
CSH-HCN Lessee (Ecores) GP Inc.		Ontario
CSH-HCN Lessee (Ecores) LP		Ontario
CSH-HCN Lessee (Fountains) GP Inc.		Ontario
CSH-HCN Lessee (Fountains) LP		Ontario
CSH-HCN Lessee (Giffard) GP Inc.		Ontario
CSH-HCN Lessee (Giffard) LP		Ontario
CSH-HCN Lessee (Gordon) GP Inc.		Ontario
CSH-HCN Lessee (Gordon) LP		Ontario
CSH-HCN Lessee (Harmonie) GP Inc.		Ontario
CSH-HCN Lessee (Harmonie) LP		Ontario
CSH-HCN Lessee (Heritage) GP Inc.		Ontario


Subsidiary Name		Jurisdiction of Organization
CSH-HCN Lessee (Heritage) LP		Ontario
CSH-HCN Lessee (Imperial) GP Inc.		Ontario
CSH-HCN Lessee (Imperial) LP		Ontario
CSH-HCN Lessee (Jonquiere) GP Inc.		Ontario
CSH-HCN Lessee (Jonquiere) LP		Ontario
CSH-HCN Lessee (Kingsville) GP Inc.		Ontario
CSH-HCN Lessee (Kingsville) LP		Ontario
CSH-HCN Lessee (Lachine) GP Inc.		Ontario
CSH-HCN Lessee (Lachine) LP		Ontario
CSH-HCN Lessee (Lansing) GP Inc.		Ontario
CSH-HCN Lessee (Lansing) LP		Ontario
CSH-HCN Lessee (l’Atrium) GP Inc.		Ontario
CSH-HCN Lessee (l’Atrium) LP		Ontario
CSH-HCN Lessee (Laviolette) GP Inc.		Ontario
CSH-HCN Lessee (Laviolette) LP		Ontario
CSH-HCN Lessee (Leamington) GP Inc.		Ontario
CSH-HCN Lessee (Leamington) LP		Ontario
CSH-HCN Lessee (l’Ermitage) GP Inc.		Ontario
CSH-HCN Lessee (l’Ermitage) LP		Ontario
CSH-HCN Lessee (L’Estrie) GP Inc.		Ontario
CSH-HCN Lessee (L’Estrie) LP		Ontario
CSH-HCN Lessee (Livingston) GP Inc.		Ontario
CSH-HCN Lessee (Livingston) LP		Ontario
CSH-HCN Lessee (Marquis) GP Inc.		Ontario
CSH-HCN Lessee (Marquis) LP		Ontario
CSH-HCN Lessee (McConnell) GP Inc.		Ontario
CSH-HCN Lessee (McConnell) LP		Ontario
CSH-HCN Lessee (Notre-Dame) GP Inc.		Ontario
CSH-HCN Lessee (Notre-Dame) LP		Ontario
CSH-HCN Lessee (Pines) GP Inc.		Ontario
CSH-HCN Lessee (Pines) LP		Ontario
CSH-HCN Lessee (Pointe-aux-Trembles) GP Inc.		Ontario
CSH-HCN Lessee (Pointe-aux-Trembles) LP		Ontario
CSH-HCN Lessee (Renaissance) GP Inc.		Ontario
CSH-HCN Lessee (Renaissance) LP		Ontario
CSH-HCN Lessee (Rideau) GP Inc.		Ontario
CSH-HCN Lessee (Rideau) LP		Ontario
CSH-HCN Lessee (Rive-Sud) GP Inc.		Ontario


Subsidiary Name		Jurisdiction of Organization
CSH-HCN Lessee (Rive-Sud) LP		Ontario
CSH-HCN Lessee (Royalcliffe) GP Inc.		Ontario
CSH-HCN Lessee (Royalcliffe) LP		Ontario
CSH-HCN Lessee (Saguenay) GP Inc.		Ontario
CSH-HCN Lessee (Saguenay) LP		Ontario
CSH-HCN Lessee (Saint-Jerome) GP Inc.		Ontario
CSH-HCN Lessee (Saint-Jerome) LP		Ontario
CSH-HCN Lessee (Scarlett) GP Inc.		Ontario
CSH-HCN Lessee (Scarlett) LP		Ontario
CSH-HCN Lessee (Tranquility) GP Inc.		Ontario
CSH-HCN Lessee (Tranquility) LP		Ontario
CSH-HCN Lessee (Trembles) GP Inc.		Ontario
CSH-HCN Lessee (Trembles) LP		Ontario
CSH-HCN Lessee (Wellesley) GP Inc.		Ontario
CSH-HCN Lessee (Wellesley) LP		Ontario
Cumberland Associates of Rhode Island, L.P.		DE
Dawn General Partner Limited		Island of Jersey
Dawn HoldCo II Limited		Island of Jersey
Dawn HoldCo Limited		Island of Jersey
Dawn Limited Partnership		Island of Jersey
Dawn Opco II Limited		United Kingdom
Dawn Opco Limited		United Kingdom
DELM Nursing, Inc.		PA
Denver Tenant, LLC		DE
DePaul Physicians, LLC		DE
Derby House Ltd		Island of Jersey
Dover ALF, LLC		DE
Dover Health Care Associates, Inc.		DE
DRF Boardman LLC		MN
DRF Bridgeton LLC		MN
DRF Durango LLC		MN
DRF Fenton LLC		MN
DRF Great Falls LLC		MN
DRF Lakewood LLC		MN


Subsidiary Name		Jurisdiction of Organization
DRF Lenexa LLC		MN
DRF Lincoln LLC		MN
DRF LSL LLC		MN
DRF Merriam LLC		MN
DRF Monticello Medical Building LLC		MN
DRF Oklahoma City LLC		MN
DRF Shawnee Mission LLC		MN
DRF South Valley LLC		MN
DRF Southwest Medical Building LLC		MN
DRF Westminster LLC		MN
DSG-2010 Loans I, Inc.		DE
Dublin Senior Community DRV, LLC		OK
Dublin Senior Community WPP, LLC		OK
East Meadow A.L., LLC		DE
Easton Meridian Limited Partnership		MD
Edella Street Associates		PA
Edgemont Facility Inc.		Ontario
Edison NJ Propco, LLC		DE
Elstree Properties Limited		Island of Jersey
Encare of Mendham, L.L.C.		NJ
Encare of Pennypack, Inc.		PA
Encare of Quakertown, Inc.		PA
Encare of Wyncote, Inc.		PA
FC-GEN Acquisition Holding, LLC		DE
FC-GEN Acquisition, Inc.		DE
FC-GEN Real Estate, LLC		DE
FC-JEN Leasing, LLC		DE
FHC Mount Vernon LLC		MN
Fieldgate Facility Inc.		Ontario
FLA-PALM COURT Limited Partnership		FL
Fleetwood Villa Facility Inc.		Ontario
Frauenshuh Ballard LLC		MN
Frauenshuh Bridgeton LLC		MN
Frauenshuh Burleson LLC		DE
Frauenshuh Greeneville LLC		MN
Frauenshuh Harker Heights, LLC		DE
Frauenshuh HealthCare Properties III, LLC		DE


Subsidiary Name		Jurisdiction of Organization
Frauenshuh HealthCare Properties, LLC		DE
Frauenshuh HealthCare Real Estate Solutions, LLC		MN
Frauenshuh HealthCare Venture Properties, LLC		DE
Frauenshuh Jackson LLC		MN
Frauenshuh Killeen LLC		MN
Frauenshuh Tacoma LLC		DE
Frauenshuh Temple LLC		DE
Frognal Properties Limited		Island of Jersey
G.P. Woods Assisted Living, LLC		DE
Gemini Davenport, LLC		OK
Gemini Las Colinas, L.L.C.		OK
Gemini Romeoville, LLC		OK
Gemini SS Lessee, LLC		OK
Gemini Villa Ventura, L.L.C.		OK
Gemini Wexford, L.L.C.		OK
Genesis ElderCare Centers—Harston, Inc.		PA
Genesis ElderCare Corp.		DE
Genesis Eldercare National Centers, Inc.		FL
Genesis Health Ventures of Bloomfield, Inc.		PA
Genesis Health Ventures of Clarks Summit, Inc.		PA
Genesis Health Ventures of Massachusetts, Inc.		PA
Genesis Health Ventures of Naugatuck, Inc.		PA
Genesis Health Ventures of Salisbury, Inc.		PA
Genesis Health Ventures of West Virginia, Inc.		PA
Genesis Health Ventures of West Virginia, L.P.		PA
Genesis Health Ventures of Wilkes-Barre, Inc.		PA
Genesis HealthCare Centers Holdings, Inc.		DE
Genesis HealthCare Corporation		PA
Genesis HealthCare Holding Company I, Inc.		DE
Genesis HealthCare Holding Company II, Inc.		DE


Subsidiary Name		Jurisdiction of Organization
Genesis Meridian 7 Leasing Properties Limited Partnership, L.L.P.		VA
Genesis Meridian 7 Partnership Holding Company L.L.C.		DE
Genesis Properties of Delaware Corporation		DE
Genesis Properties of Delaware Ltd. Partnership, L.P.		DE
Genesis/Harbor, LLC		DE
Geriatric & Medical Companies, Inc.		DE
Geriatric and Medical Services, Inc.		NJ
Geri-Med Corp.		PA
Gilbert AZ Senior Living Owner, LLC		DE
Glenmark Associates, Inc.		WV
Glenmark Associates-Dawnview Manor, Inc.		WV
Glenmark Properties I, Limited Partnership		WV
Glenmark Properties, Inc.		WV
GMA Partnership Holding Company, Inc.		WV
GMA-Brightwood, Inc.		WV
GMA-Madison, Inc.		WV
GMA-Uniontown, Inc.		PA
Grand Ledge I, LLC		DE
Great Falls Clinic-Frauenshuh, LLC		MN
Greeneville Healthcare Investors, LLC		DE
Greenspring Meridian Limited Partnership		MD
Groton Associates of Connecticut, L.P.		DE
GWC-Crestwood, Inc.		VA
GWC-Glen Cove, Inc.		VA
Habitation Domaine des Trembles Inc.		Quebec
Habitation Faubourg Giffard Inc.		Quebec
Hammes Company Green Bay I, LLC		WI
Hammes Company Green Bay II, LLC		WI
Hammonds Lane Meridian Limited Partnership		MD
Hanford Court Ltd		Island of Jersey
Harbor Crest Tenant, LLC		DE
HBLR Operating, LLC		DE
HBLR/Burlington Operating, LLC		DE
HBLR/Highland Park Operating, LLC		DE


Subsidiary Name		Jurisdiction of Organization
HBLR/Lynnfield Operating, LLC		DE
HBLR/Randolph Operating, LLC		DE
HC Mill Creek I, LLC		WI
HC Redmond I, LLC		WI
HC Summit I, LLC		WI
HCN (Pembroke) Property Inc.		British Columbia
HCN (Stonehaven) Property Inc.		British Columbia
HCN Access Holdings, LLC		DE
HCN Access Las Vegas I, LLC		DE
HCN Canadian Holdings GP-1 Ltd.		British Columbia
HCN Canadian Holdings LP-1 Ltd.		British Columbia
HCN Canadian Holdings-1 LP		Ontario
HCN Canadian Investment-1 LP		Ontario
HCN Canadian Investment-2 LP		Ontario
HCN Canadian Investment-3 LP		Ontario
HCN Canadian Investment-4 LP		Ontario
HCN Canadian Leasing (British Columbia) Ltd.		British Columbia
HCN Canadian Leasing Ltd.		British Columbia
HCN Canadian Leasing-2 Ltd.		British Columbia
HCN Canadian Leasing-3 Ltd.		British Columbia
HCN Canadian Leasing-4 Ltd.		British Columbia
HCN Canadian Properties, Inc.		New Brunswick
HCN Capital Holdings II, LLC		DE
HCN Capital Holdings, LLC		DE
HCN Development Services Group, Inc.		IN
HCN Emerald Holdings, LLC		DE
HCN FCE Life Sciences, LLC		DE
HCN Fountains Leasing Ltd.		British Columbia
HCN Hancock Investments, Ltd		Island of Jersey
HCN Hancock Leicester Ltd.		Island of Guernsey
HCN Hancock Loxley Park Ltd.		Island of Guernsey


Subsidiary Name		Jurisdiction of Organization
HCN Hancock Miramar Ltd.		Island of Guernsey
HCN Imperial Leasing Ltd.		British Columbia
HCN Interra Lake Travis LTACH, LLC		DE
HCN Investment GP-1 Ltd.		British Columbia
HCN Investment GP-2 Ltd.		British Columbia
HCN Investment GP-3 Ltd.		British Columbia
HCN Investment GP-4 Ltd.		British Columbia
HCN Investment LP-1 Ltd.		British Columbia
HCN Investment LP-2 Ltd.		British Columbia
HCN Lake Travis Holdings, LLC		DE
HCN Lake Travis Property One, LLC		DE
HCN Lake Travis Property Two, LLC		DE
HCN Lessee (Pembroke) GP Inc.		British Columbia
HCN Lessee (Pembroke) LP		Ontario
HCN Lessee (Ross) GP Inc.		British Columbia
HCN Lessee (Ross) LP		Ontario
HCN Lessee (Stonehaven) GP Inc.		British Columbia
HCN Lessee (Stonehaven) LP		Ontario
HCN Medicus Holdings, LLC		DE
HCN Navvis Clarkson Valley, LLC		DE
HCN Renaissance Leasing Ltd.		British Columbia
HCN Rendina Holdings, LLC		DE
HCN Rendina Merced, LLC		DE
HCN Ross Leasing Ltd.		British Columbia
HCN UK Holdco Limited		Island of Jersey
HCN UK Investments Limited		Island of Jersey
HCN UK Management Services Limited		United Kingdom
HCN UK Saints Investments Ltd		Island of Jersey
HCN-Revera (Appleby Place) Inc.		Ontario


Subsidiary Name		Jurisdiction of Organization
HCN-Revera (Bough Beeches Place) Inc.		Ontario
HCN-Revera (Centennial Park Place) Inc.		Ontario
HCN-Revera (Churchill Place) Inc.		Ontario
HCN-Revera (Colonel By) Inc.		Ontario
HCN-Revera (Constitution Place) Inc.		Ontario
HCN-Revera (Don Mills/Donway Place) Inc.		Ontario
HCN-Revera (Fergus Place) Inc.		Ontario
HCN-Revera (Glynnwood) Inc.		Ontario
HCN-Revera (Hollyburn House) Inc.		Ontario
HCN-Revera (Kensington) Inc.		Ontario
HCN-Revera (Parkwood Court) Inc.		Ontario
HCN-Revera (Parkwood Manor) Inc.		Ontario
HCN-Revera (Parkwood Place) Inc.		Ontario
HCN-Revera (Rayoak Place) Inc.		Ontario
HCN-Revera (River Ridge) Inc.		Ontario
HCN-Revera (Victoria Place) Inc.		Ontario
HCN-Revera (Wellington) Inc.		Ontario
HCN-Revera (Whitecliff) Inc.		Ontario
HCN-Revera Joint Venture GP Inc.		Ontario
HCN-Revera Joint Venture Limited Partnership		Ontario
HCN-Revera Lessee (Appleby Place) GP Inc.		Ontario
HCN-Revera Lessee (Appleby Place) LP		Ontario
HCN-Revera Lessee (Arnprior Villa) GP Inc.		Ontario
HCN-Revera Lessee (Arnprior Villa) LP		Ontario
HCN-Revera Lessee (Bentley Moose Jaw) GP Inc.		Ontario
HCN-Revera Lessee (Bentley Moose Jaw) LP		Ontario
HCN-Revera Lessee (Bentley Regina) GP Inc.		Ontario
HCN-Revera Lessee (Bentley Regina) LP		Ontario
HCN-Revera Lessee (Bentley Saskatoon) GP Inc.		Ontario
HCN-Revera Lessee (Bentley Saskatoon) LP		Ontario
HCN-Revera Lessee (Bentley Swift Current) GP Inc.		Ontario


Subsidiary Name		Jurisdiction of Organization
HCN-Revera Lessee (Bentley Swift Current) LP		Ontario
HCN-Revera Lessee (Bentley Yorkton) GP Inc.		Ontario
HCN-Revera Lessee (Bentley Yorkton) LP		Ontario
HCN-Revera Lessee (Bough Beeches Place) GP Inc.		Ontario
HCN-Revera Lessee (Bough Beeches Place) LP		Ontario
HCN-Revera Lessee (Cedarcroft Place) GP Inc.		Ontario
HCN-Revera Lessee (Cedarcroft Place) LP		Ontario
HCN-Revera Lessee (Centennial Park Place) GP Inc.		Ontario
HCN-Revera Lessee (Centennial Park Place) LP		Ontario
HCN-Revera Lessee (Chateau Renoir) GP Inc.		Ontario
HCN-Revera Lessee (Chateau Renoir) LP		Ontario
HCN-Revera Lessee (Churchill Place) GP Inc.		Ontario
HCN-Revera Lessee (Churchill Place) LP		Ontario
HCN-Revera Lessee (Claremont) GP Inc.		Ontario
HCN-Revera Lessee (Claremont) LP		Ontario
HCN-Revera Lessee (Colonel By) GP Inc.		Ontario
HCN-Revera Lessee (Colonel By) LP		Ontario
HCN-Revera Lessee (Constitution Place) GP Inc.		Ontario
HCN-Revera Lessee (Constitution Place) LP		Ontario
HCN-Revera Lessee (Don Mills) GP Inc.		Ontario
HCN-Revera Lessee (Don Mills) LP		Ontario
HCN-Revera Lessee (Donway Place) GP Inc.		Ontario
HCN-Revera Lessee (Donway Place) LP		Ontario
HCN-Revera Lessee (Dorchester) GP Inc.		Ontario
HCN-Revera Lessee (Dorchester) LP		Ontario
HCN-Revera Lessee (Edgemont) GP Inc.		Ontario
HCN-Revera Lessee (Edgemont) LP		Ontario
HCN-Revera Lessee (Fergus Place) GP Inc.		Ontario


Subsidiary Name		Jurisdiction of Organization
HCN-Revera Lessee (Fergus Place) LP		Ontario
HCN-Revera Lessee (Fleetwood Villa) GP Inc.		Ontario
HCN-Revera Lessee (Fleetwood Villa) LP		Ontario
HCN-Revera Lessee (Franklin) GP Inc.		Ontario
HCN-Revera Lessee (Franklin) LP		Ontario
HCN-Revera Lessee (Glynnwood) GP Inc.		Ontario
HCN-Revera Lessee (Glynnwood) LP		Ontario
HCN-Revera Lessee (Heritage Lodge) GP Inc.		Ontario
HCN-Revera Lessee (Heritage Lodge) LP		Ontario
HCN-Revera Lessee (Highland Place) GP Inc.		Ontario
HCN-Revera Lessee (Highland Place) LP		Ontario
HCN-Revera Lessee (Hollyburn House) GP Inc.		Ontario
HCN-Revera Lessee (Hollyburn House) LP		Ontario
HCN-Revera Lessee (Hunt Club Manor) GP Inc.		Ontario
HCN-Revera Lessee (Hunt Club Manor) LP		Ontario
HCN-Revera Lessee (Kensington) GP Inc.		Ontario
HCN-Revera Lessee (Kensington) LP		Ontario
HCN-Revera Lessee (Landmark Court) GP Inc.		Ontario
HCN-Revera Lessee (Landmark Court) LP		Ontario
HCN-Revera Lessee (Marian Chateau) GP Inc.		Ontario
HCN-Revera Lessee (Marian Chateau) LP		Ontario
HCN-Revera Lessee (McKenzie Towne) GP Inc.		Ontario
HCN-Revera Lessee (McKenzie Towne) LP		Ontario
HCN-Revera Lessee (Ogilvie Villa) GP Inc.		Ontario
HCN-Revera Lessee (Ogilvie Villa) LP		Ontario
HCN-Revera Lessee (Parkwood Court) GP Inc.		Ontario
HCN-Revera Lessee (Parkwood Court) LP		Ontario
HCN-Revera Lessee (Parkwood Manor) GP Inc.		Ontario


Subsidiary Name		Jurisdiction of Organization
HCN-Revera Lessee (Parkwood Manor) LP		Ontario
HCN-Revera Lessee (Parkwood Place) GP Inc.		Ontario
HCN-Revera Lessee (Parkwood Place) LP		Ontario
HCN-Revera Lessee (Queenswood Villa) GP Inc.		Ontario
HCN-Revera Lessee (Queenswood Villa) LP		Ontario
HCN-Revera Lessee (Rayoak Place) GP Inc.		Ontario
HCN-Revera Lessee (Rayoak Place) LP		Ontario
HCN-Revera Lessee (River Ridge) GP Inc.		Ontario
HCN-Revera Lessee (River Ridge) LP		Ontario
HCN-Revera Lessee (Riverbend) GP Inc.		Ontario
HCN-Revera Lessee (Riverbend) LP		Ontario
HCN-Revera Lessee (Scenic Acres) GP Inc.		Ontario
HCN-Revera Lessee (Scenic Acres) LP		Ontario
HCN-Revera Lessee (Stittsville Villa) GP Inc.		Ontario
HCN-Revera Lessee (Stittsville Villa) LP		Ontario
HCN-Revera Lessee (Terrace Gardens) GP Inc.		Ontario
HCN-Revera Lessee (Terrace Gardens) LP		Ontario
HCN-Revera Lessee (The Churchill) GP Inc.		Ontario
HCN-Revera Lessee (The Churchill) LP		Ontario
HCN-Revera Lessee (Trafalgar Lodge) GP Inc.		Ontario
HCN-Revera Lessee (Trafalgar Lodge) LP		Ontario
HCN-Revera Lessee (Victoria Place) GP Inc.		Ontario
HCN-Revera Lessee (Victoria Place) LP		Ontario
HCN-Revera Lessee (Waverley/Rosewood) GP Inc.		Ontario
HCN-Revera Lessee (Waverley/Rosewood) LP		Ontario
HCN-Revera Lessee (Wellington) GP Inc.		Ontario
HCN-Revera Lessee (Wellington) LP		Ontario


Subsidiary Name		Jurisdiction of Organization
HCN-Revera Lessee (Whitecliff) GP Inc.		Ontario
HCN-Revera Lessee (Whitecliff) LP		Ontario
HCN-TH Wisconsin I, LLC		DE
HCN-TH Wisconsin II, LLC		DE
HCN-TH Wisconsin III, LLC		DE
HCN-TH Wisconsin IV, LLC		DE
HCN-TH Wisconsin V, LLC		DE
HCN-TH Wisconsin VI, LLC		DE
HCN-TH Wisconsin VII, LLC		DE
HCN-TH Wisconsin VIII, LLC		DE
HCRE Solutions, LLC		DE
HCRI 10301 Hagen Ranch Holdings, LLC		DE
HCRI 10301 Hagen Ranch Properties, LLC		DE
HCRI 3400 Old Milton, LLC		DE
HCRI 5670 Peachtree Dunwoody, LLC		DE
HCRI 975 Johnson Ferry, LLC		DE
HCRI Abingdon Holdings, Inc.		NC
HCRI Abingdon Properties, LP		NC
HCRI Akron Properties, LLC		DE
HCRI AL U.S. Bonita Subtenant, LLC		DE
HCRI AL U.S. Boulder Subtenant, LLC		DE
HCRI AL U.S. G.P. Woods Subtenant, LLC		DE
HCRI AL U.S. GP Woods II Subtenant, LLC		DE
HCRI AL U.S. Huntington Beach Subtenant, LLC		DE
HCRI AL U.S. La Jolla Subtenant, LLC		DE
HCRI AL U.S. La Palma Subtenant, LLC		DE
HCRI AL U.S. Newtown Square Subtenant, LLC		DE
HCRI AL U.S. Playa Vista Subtenant, LLC		DE
HCRI AL U.S. Sacramento Subtenant, LLC		DE
HCRI AL U.S. San Gabriel Subtenant, LLC		DE
HCRI AL U.S. Seal Beach Subtenant, LLC		DE
HCRI AL U.S. Studio City Subtenant, LLC		DE
HCRI AL U.S. Wilmington Subtenant, LLC		DE


Subsidiary Name		Jurisdiction of Organization
HCRI AL U.S. Woodland Hills Subtenant, LLC		DE
HCRI Allen Medical Facility, LLC		DE
HCRI Ancillary TRS, Inc.		DE
HCRI Asheboro Holdings, Inc.		NC
HCRI Asheboro Properties, LP		NC
HCRI Beachwood, Inc.		OH
HCRI Boardman Properties, LLC		DE
HCRI Braintree Subtenant, LLC		DE
HCRI Broadview, Inc.		OH
HCRI Burlington Manor Holdings, Inc.		NC
HCRI Burlington Manor Properties, LP		NC
HCRI Carmel Building A Medical Facility, LLC		DE
HCRI Carmel Building B Medical Facility, LLC		DE
HCRI Cold Spring Properties, LLC		DE
HCRI Concord Place Holdings, Inc.		NC
HCRI Concord Place Properties, LP		NC
HCRI Connecticut Avenue Subtenant, LLC		DE
HCRI Crestwood Subtenant, LLC		DE
HCRI Cumberland Properties, LLC		DE
HCRI Dallas Medical Facility, LLC		DE
HCRI Dayton Place-Denver Properties, LLC		DE
HCRI Deerfield Beach Medical Facility, LLC		DE
HCRI Draper Place Properties Trust		MA
HCRI Drum Hill Properties, LLC		DE
HCRI Eden Holdings, Inc.		NC
HCRI Eden Properties, LP		NC
HCRI Edison Subtenant, LLC		DE
HCRI Emerald Holdings III, LLC		DE
HCRI Emerald Holdings, LLC		DE
HCRI Exchange Management I, LLC		DE
HCRI Exchange Properties I, LLC		DE
HCRI Fairfax Subtenant, LLC		DE
HCRI Fairmont Properties, LLC		DE
HCRI Financial Services, LLC		DE


Subsidiary Name		Jurisdiction of Organization
HCRI Financing, Inc.		DE
HCRI Fore River Medical Facility, LLC		DE
HCRI Fort Bend Clinic, LLC		DE
HCRI Fort Wayne Medical Facility, LLC		DE
HCRI Fox Hill (HCU) Subtenant, LLC		DE
HCRI Fullerton Subtenant, LLC		DE
HCRI Gardner Park TRS, LLC		DE
HCRI Gaston Manor Holdings, Inc.		NC
HCRI Gaston Manor Properties, LP		NC
HCRI Henderson Subtenant, LLC		DE
HCRI Hermosa Beach TRS, LLC		DE
HCRI High Point Manor Holdings, Inc.		NC
HCRI High Point Manor Properties, LP		NC
HCRI Holdings Trust		MA
HCRI Hunters Glen Properties, LLC		DE
HCRI Illinois Properties II, LLC		DE
HCRI Illinois Properties, LLC		DE
HCRI Indiana Properties, Inc.		DE
HCRI Indiana Properties, LLC		IN
HCRI Investments, Inc.		DE
HCRI Kansas Properties, LLC		DE
HCRI Karrington TRS, LLC		DE
HCRI Kentucky Properties, LLC		KY
HCRI Kirkland Properties, LLC		DE
HCRI Leominster TRS, LLC		DE
HCRI Limited Holdings, Inc.		DE
HCRI Logistics, Inc.		DE
HCRI Louisiana Properties, L.P.		DE
HCRI Marina Place Properties Trust		MA
HCRI Massachusetts Properties Trust		MA
HCRI Massachusetts Properties Trust II		MA
HCRI Massachusetts Properties, Inc.		DE
HCRI McLean TRS, LLC		DE
HCRI Merrillville Medical Facility, LLC		DE
HCRI Missouri Properties, LLC		DE
HCRI Monterey Subtenant, LLC		DE
HCRI Nassau Bay Medical Facility, LLC		DE
HCRI Nevada Properties, Inc.		NV
HCRI New Hampshire Properties, LLC		DE


Subsidiary Name		Jurisdiction of Organization
HCRI North Carolina Properties I, Inc.		NC
HCRI North Carolina Properties II, Inc.		NC
HCRI North Carolina Properties III, Limited Partnership		NC
HCRI North Carolina Properties, LLC		DE
HCRI NY-NJ Properties, LLC		DE
HCRI Pennsylvania Properties Holding Company		DE
HCRI Pennsylvania Properties, Inc.		PA
HCRI Plano Medical Facility, LLC		DE
HCRI Prestonwood Medical Facility, LLC		DE
HCRI Provider Properties, LLC		DE
HCRI Purchasing, LLC		DE
HCRI Raleigh Medical Facility, LLC		DE
HCRI Red Fox ManCo, LLC		DE
HCRI Red Fox OpCo, LLC		DE
HCRI Ridgeland Pointe Properties, LLC		DE
HCRI Rogers Medical Facility, LLC		DE
HCRI Roswell I Medical Facility, LLC		DE
HCRI Roswell II Medical Facility, LLC		DE
HCRI Roswell III Medical Facility, LLC		DE
HCRI Senior Housing Properties, Inc.		DE
HCRI SL II TRS Corp.		DE
HCRI SL III TRS Corp.		DE
HCRI SL IV TRS Corp.		DE
HCRI Southern Investments I, Inc.		DE
HCRI Southlake Medical Facility, LLC		DE
HCRI Statesville Place Holdings I, Inc.		NC
HCRI Statesville Place Holdings II, Inc.		NC
HCRI Statesville Place Properties I, LP		NC
HCRI Statesville Place Properties II, LP		NC
HCRI Summit Properties, LLC		DE
HCRI Sun Development TRS, LLC		DE
HCRI Sun GP I, LLC		DE
HCRI Sun I Braintree MA Senior Living, LLC		DE
HCRI Sun I Fullerton CA Senior Living, LP		DE
HCRI Sun I Henderson NV Senior Living, LLC		DE
HCRI Sun III Dresher Senior Living, LP		DE


Subsidiary Name		Jurisdiction of Organization
HCRI Sun III Golden Valley Senior Living, LLC		DE
HCRI Sun III GP, LLC		DE
HCRI Sun III Lenexa Senior Living, LLC		DE
HCRI Sun III Minnetonka Senior Living, LLC		DE
HCRI Sun III Palo Alto Senior Living, LP		DE
HCRI Sun III Plano Senior Living, LP		DE
HCRI Sun III Shelby Senior Living, LLC		DE
HCRI Sun III Tenant Acquisition, LLC		DE
HCRI Sun III Tenant GP, LLC		DE
HCRI Sun III Tenant, LP		DE
HCRI Sun III TRS, LLC		DE
HCRI Sun Partners II, LLC		DE
HCRI Sun Partners III, LLC		DE
HCRI Sun Partners IV, LLC		DE
HCRI Sun Three Lombard IL Senior Living, LLC		DE
HCRI Sun Three Pool One, LLC		DE
HCRI Sun Two Baton Rouge LA Senior Living, LLC		DE
HCRI Sun Two Broomfield CO Senior Living, LLC		DE
HCRI Sun Two Gilbert AZ Senior Living, LLC		DE
HCRI Sun Two McCandless PA Senior Living, LP		DE
HCRI Sun Two Metairie LA Senior Living, LLC		DE
HCRI Sun Two Pool One GP, LLC		DE
HCRI Sun Two Pool One, LLC		DE
HCRI Sun Two Pool Two, LLC		DE
HCRI Sun Two Simi Valley CA Senior Living, LP		DE
HCRI Tallahassee Medical Facility, LLC		DE
HCRI Tennessee Properties, Inc.		DE
HCRI Tennessee Properties, LLC		DE
HCRI Texas Health Southlake Hospital Medical Facility, LLC		DE
HCRI Texas Properties, Inc.		DE
HCRI Texas Properties, Ltd.		TX
HCRI TRS Acquirer II, LLC		DE
HCRI TRS Acquirer, LLC		DE
HCRI TRS Trident Investment, LLC		DE


Subsidiary Name		Jurisdiction of Organization
HCRI Tucson Properties, Inc.		DE
HCRI Van Nuys Medical Facility, LLC		DE
HCRI Virginia Beach Medical Facility, LLC		DE
HCRI Walleye TRS, LLC		DE
HCRI Webb Gin Subtenant, LLC		DE
HCRI Weddington Park Holdings, Inc.		NC
HCRI Weddington Park Properties, LP		NC
HCRI Westgate Medical Facility, LLC		DE
HCRI Westlake, Inc.		OH
HCRI Wilburn Gardens Properties, LLC		DE
HCRI Wisconsin Properties, LLC		WI
HCRI/SRZ Master OpCo, LLC		DE
HCRIX Houston, LLC		DE
HCRIX Royal, LLC		DE
Health Resources of Cedar Grove, Inc.		NJ
Health Resources of Cinnaminson, Inc.		NJ
Health Resources of Cranbury, L.L.C.		NJ
Health Resources of Cumberland, Inc.		DE
Health Resources of Eatontown, L.L.C.		NJ
Health Resources of Emery, L.L.C.		NJ
Health Resources of Englewood, Inc.		NJ
Health Resources of Fair Lawn, L.L.C.		NJ
Health Resources of Gardner, Inc.		DE
Health Resources of Glastonbury, Inc.		CT
Health Resources of Groton, Inc.		DE
Health Resources of Middletown (RI), Inc.		DE
Health Resources of Ridgewood, L.L.C.		NJ
Health Resources of Rockville, Inc.		DE
Health Resources of South Brunswick, L.L.C.		NJ
Health Resources of Wallingford, Inc.		DE
Health Resources of Warwick, Inc.		DE
Health Resources of West Orange, L.L.C.		NJ
Healthcare Property Managers of America, LLC		FL
Healthcare Resources Corp.		PA
Heat Merger Sub, LLC		DE
Heat OP TRS, Inc.		DE


Subsidiary Name		Jurisdiction of Organization
Hempstalls Hall Ltd		Island of Jersey
HH Florida, LLC		DE
Highcliffe Ltd		Island of Jersey
Highland Healthcare Investors, LLC		DE
Hilltop Health Care Center, Inc.		DE
Hinckley House Ltd		Island of Jersey
Holly Manor Associates of New Jersey, L.P.		DE
Horizon Associates, Inc.		WV
Horse Fair Ltd		Island of Jersey
HRWV Huntington, Inc.		WV
Hudson MOB Holdings, Inc.		DE
Hunt Club Manor Facility Inc.		Ontario
I.L.S. Care Communities Inc.		Ontario
Imperial Place Residence Inc. / Residence Place Imperiale Inc.		Quebec
Jackson Investors, LLC		DE
Johns Creek GA Senior Living Owner, LLC		DE
Jupiter Landlord, LLC		DE
Kaiser Gemini Burgundy, LLC		OK
Kaiser Gemini Woodland, LLC		OK
Keystone Nursing Home, Inc.		DE
Killeen Healthcare Investors, LLC		DE
Kirkstall Aire View Ltd		Island of Jersey
Knollwood Manor, Inc.		PA
KSL Landlord, LLC		DE
Lake Mead Medical Investors Limited Partnership		FL
Landmark Facility Inc.		Ontario
Laurel Health Resources, Inc.		DE
Le Wellesley Inc.		Quebec
Leawood Tenant, LLC		DE
Lehigh Nursing Homes, Inc.		PA
Lenexa Investors II, LLC		DE
Lenexa Investors, LLC		DE
Leon Dorchester Facility Inc.		Ontario
Les Belvederes de Lachine Inc.		Canada


Subsidiary Name		Jurisdiction of Organization
Les Jardins Laviolette Inc.		Quebec
Les Residences-Hotellerie Harmonie Inc.		Quebec
LLUMCM, LLC		DE
Lombard IL Senior Living Owner, LLC		DE
Louisville KY Senior Living Owner, LLC		DE
Mabri Convalescent Center, Inc.		CT
Manoir Archer Inc.		Quebec
Manoir Bois de Boulogne Inc.		Quebec
Manoir et Cours de l’Atrium Inc.		Quebec
Manoir Pointe-aux-Trembles Inc.		Quebec
Manoir St-Jerome Inc.		Quebec
Markglen, Inc.		WV
Marlinton Associates Limited Partnership		WV
Marlinton Associates, Inc.		PA
Marlinton Partnership Holding Company, Inc.		PA
Master HCRI Sun Dev I, LLC		DE
Master HCRI Sun III GP, LLC		DE
Master HCRI Sun III, LP		DE
Master HCRI Sun Manager I, LLC		DE
Master MetSun GP, LLC		DE
Master MetSun Three GP, LLC		DE
Master MetSun Three, LP		DE
Master MetSun Two GP, LLC		DE
Master MetSun Two, LP		DE
Master MetSun, LP		DE
McCandless PA Senior Living Owner, LLC		DE
McKenzie Towne Facility Inc.		Ontario
McKerley Health Care Center—Concord Limited Partnership		NH
McKerley Health Care Center-Concord, Inc.		NH
McKerley Health Care Centers, Inc.		NH
McKerley Health Facilities		NH
Med Properties Asset Group, L.L.C.		IN
Medical Real Estate Property Managers of America, LLC		FL
Mercerville Associates of New Jersey, L.P.		DE


Subsidiary Name		Jurisdiction of Organization
Meridian Edgewood Limited Partnership		MD
Meridian Health, Inc.		PA
Meridian Healthcare, Inc.		PA
Meridian Perring Limited Partnership		MD
Meridian Valley Limited Partnership		MD
Meridian Valley View Limited Partnership		MD
Meridian/Constellation Limited Partnership		MD
Metairie LA Senior Living Owner, LLC		DE
Metropolitan Senior Housing, LLC		DE
Metropolitan/Bellevue Senior Housing, LLC		DE
Metropolitan/Cohasset Senior Housing, LLC		DE
Metropolitan/Decatur Senior Housing, LLC		DE
Metropolitan/Glen Cove Senior Housing, LLC		DE
Metropolitan/Hunter Mill Senior Housing, LLC		DE
Metropolitan/Oakland Hills GP, LLC		DE
Metropolitan/Paramus Senior Housing, LLC		DE
Metropolitan/Walnut Creek Senior Housing, LLC		DE
Metropolitan/Wayland Senior Housing, LLC		DE
Metropolitan/West Essex Senior Housing, LLC		DE
MetSun Barrington IL Senior Living, LLC		DE
MetSun Bon Air VA Senior Living, LLC		DE
MetSun Chandler AZ Senior Living, LLC		DE
MetSun Cinco Ranch TX Senior Living, LP		DE
MetSun Fort Worth TX Senior Living, LP		DE
MetSun GP, LLC		DE
MetSun Grand Rapids MI Senior Living, LLC		DE
MetSun Highland SLC UT Senior Living, LLC		DE
MetSun Jackson NJ Senior Living, LLC		DE
MetSun Leawood KS Senior Living, LLC		DE


Subsidiary Name		Jurisdiction of Organization
MetSun Overland Park KS Senior Living, LLC		DE
MetSun Three Franklin MA Senior Living, LLC		DE
MetSun Three Kingwood TX Senior Living, LP		DE
MetSun Three Mundelein IL Senior Living, LLC		DE
MetSun Three Pool Three GP, LLC		DE
MetSun Three Pool Three, LLC		DE
MetSun Three Pool Two GP, LLC		DE
MetSun Three Pool Two, LLC		DE
MetSun Three Sabre Springs CA Senior Living, LP		DE
MetSun Tucson AZ Senior Living, LLC		DE
MetSun Two Carmel IN Senior Living, LLC		DE
MetSun Two Carmichael CA Senior Living, LP		DE
MetSun Two Frisco TX Senior Living, LP		DE
MetSun Two Jacksonville FL Senior Living, LLC		DE
MetSun Two Pool Three GP, LLC		DE
MetSun Two Pool Three, LLC		DE
MG Landlord II, LLC		DE
MG Landlord, LLC		DE
MG Tenant, LLC		DE
MGP 41, LLC		DE
MGP 42, LLC		DE
MGP 43, LLC		DE
MGP 44, LLC		DE
MGP 45, LLC		DE
MGP 46, LLC		DE
MGP 47, LLC		DE
MGP 48, LLC		DE
MGP 49, LLC		DE
MGP 50, LLC		DE
MGP 51, LLC		DE
MGP 52, LLC		DE
MGP I, LLC		WA
MGP V, LLC		WA
MGP VI, LLC		WA
MGP X, LLC		WA


Subsidiary Name		Jurisdiction of Organization
MGP XI, LLC		WA
MGP XII, LLC		WA
MGP XIII, LLC		WA
MGP XIV, LLC		WA
MGP XIX, LLC		WA
MGP XL, LLC		WA
MGP XV, LLC		WA
MGP XVI, LLC		WA
MGP XVII, LLC		WA
MGP XXIX, LLC		WA
MGP XXV, LLC		WA
MGP XXXII, LLC		WA
MGP XXXIII, LLC		WA
MGP XXXIX, LLC		WA
MGP XXXVII, LLC		WA
MGP XXXVIII, LLC		WA
Middletown (RI) Associates of Rhode Island, L.P.		DE
Midland I, LLC		DE
Midwest 108th & Q, LLC		DE
Midwest Ames, LLC		DE
Midwest Miracle Hills, LLC		DE
Midwest Prestwick, LLC		DE
Midwest Van Dorn, LLC		DE
Midwest Village of Columbus, LLC		DE
Midwest Windermere, LLC		DE
Midwest Woodbridge, LLC		DE
Milford ALF, LLC		DE
Mill Creek Real Estate Partners, LLC		DE
Millville Meridian Limited Partnership		MD
Minnetonka Tenant, LLC		DE
Moline Physicians, LLC		DE
Montgomery Nursing Homes, Inc.		PA
Monticello Healthcare Properties, LLC		DE
Moorestown Physicians, LLC		DE
Mount Vernon Physicians, LLC		DE
Mountain View Tenant, LLC		DE
MSH Operating, LLC		DE
MSH/Bellevue Operating, LLC		DE
MSH/Cohasset Operating, LLC		DE


Subsidiary Name		Jurisdiction of Organization
MSH/Decatur Operating, LLC		DE
MSH/Glen Cove Operating, LLC		DE
MSH/Hunter Mill Operating, LLC		DE
MSH/Malvern Operating, LLC		DE
MSH/Oakland Hills GP, LLC		DE
MSH/Oakland Hills Operating, L.P.		CA
MSH/Paramus Operating, LLC		DE
MSH/Walnut Creek Operating, LLC		DE
MSH/Wayland Operating, LLC		DE
MSH/West Essex Operating, LLC		DE
MSH/Whitemarsh Operating, LLC		DE
Murrieta Healthcare Investors, LLC		DE
Murrieta Healthcare Properties, LLC		DE
Newcross Ltd		Island of Jersey
Newtown Square Senior Living, L.L.C.		DE
NNA Akron Property, LLC		DE
North Cape Convalescent Center Associates, L.P.		PA
North Pointe Tenant, LLC		DE
Northwest Total Care Center Associates L.P.		NJ
Nursing and Retirement Center of the Andovers, Inc.		MA
Ogilvie Facility Inc.		Ontario
One Veronica Drive Danvers LLC		DE
Oshawa Facility Inc.		Ontario
Overland Park Tenant, LLC		DE
Paramount Real Estate Services, Inc.		DE
Parthenon Property Holdings, LLC		DE
Pendleton Physicians, LLC		DE
Petoskey I, LLC		DE
Petoskey II, LLC		DE
Philadelphia Avenue Associates		PA
Philadelphia Avenue Corporation		PA
Pleasant View Retirement Limited Liability Company		DE
Plymouth I, LLC		DE
Pompton Associates, L.P.		NJ
Pompton Care, L.L.C.		NJ
Prescott Nursing Home, Inc.		MA


Subsidiary Name		Jurisdiction of Organization
Providence Health Care, Inc.		DE
PS UK (Jersey) GP Limited		Island of Jersey
PS UK II GP Limited		Island of Jersey
PS UK II Prop Holding SarL		Luxembourg
PS UK II SarL		Luxembourg
PS UK Investment (Jersey) Limited Partnership		Island of Jersey
PS UK Investment II (Jersey) Limited Partnership		Island of Jersey
PS UK SarL		Luxembourg
PVL Landlord—BC, LLC		DE
PVL Landlord—Hattiesburg, LLC		DE
PVL Landlord—STL Hills, LLC		DE
PVL Landlord—Webster, LLC		DE
Queenswood Facility Inc.		Ontario
Raleigh Manor Limited Partnership		WV
Redmond Partners, LLC		DE
Renoir Facility Inc.		Ontario
Residence l’Ermitage Inc.		Quebec
Residence Notre-Dame (Victoriaville) Inc.		Quebec
Rest Haven Nursing Home, Inc.		WV
Ridgmar Tenant, LLC		DE
River Street Associates		PA
Riverbend Facility Inc.		Ontario
Rose View Manor, Inc.		PA
Ross Place Retirement Residence Inc. / Residence Pour Retraites Ross Place Inc.		British Columbia
Roswell Tenant, LLC		DE
RRR SAS Facilities Inc.		Ontario
RVNR, Inc.		DE
S&R Property SPE, LLC		DE
Saints Investments Limited		United Kingdom
Santa Monica AL, LLC		DE
Santa Monica Assisted Living Owner, LLC		DE
Santa Monica GP, LLC		DE
Sarah Brayton General Partnership		MA
Schuylkill Nursing Homes, Inc.		PA


Subsidiary Name		Jurisdiction of Organization
Senior Living MEZZ B, LLC		DE
Senior Living MEZZ C, LLC		DE
Senior Living MEZZ D, LLC		DE
Senior Living MEZZ E, LLC		DE
Senior Living Ventures, Inc.		PA
Senior Star Investments I, LLC		DE
Senior Star Investments Kenwood, LLC		DE
Senior Star Kenwood Holdco, LLC		DE
Senior Star Tenant Kenwood, LLC		DE
Senior Star Tenant, LLC		DE
Shawnee Mission Investors II, LLC		DE
Shawnee Mission Investors, LLC		DE
SHP-ARC II, LLC		DE
Signature at Loxley Park (Property) Limited		United Kingdom
Signature at the Miramar (Property) Limited		United Kingdom
Signature Senior Landlord, LLC		DE
Silverado Senior Living Alhambra, Inc.		CA
Silverado Senior Living Azusa, Inc.		CA
Silverado Senior Living Calabasas, Inc.		CA
Silverado Senior Living Costa Mesa, Inc.		CA
Silverado Senior Living Dallas, Inc.		DE
Silverado Senior Living Encinitas, Inc.		CA
Silverado Senior Living Escondido, Inc.		CA
Silverado Senior Living Houston, Inc.		DE
Silverado Senior Living Las Colinas, Inc.		DE
Silverado Senior Living Los Angeles, Inc.		CA
Silverado Senior Living of Cypresswood, Inc.		DE
Silverado Senior Living of Kingwood, Inc.		DE
Silverado Senior Living of Sugarland, Inc.		DE
Silverado Senior Living of Woodlands, Inc.		DE
Silverado Senior Living Redondo Beach, Inc.		CA
Silverado Senior Living Salt Lake City, Inc.		DE
Silverado Senior Living San Juan Capistrano, Inc.		CA


Subsidiary Name		Jurisdiction of Organization
Silverado Senior Living Scottsdale, Inc.		DE
Silverado Senior Living Turtle Creek, Inc.		DE
Silverado Senior Living Tustin, Inc.		CA
Silverado Senior Living, Inc.		CA
Silvermere Ltd		Island of Jersey
Simi Valley CA Senior Living Owner, LLC		DE
Solomont Family Fall River Venture, Inc.		MA
Somerset Ridge General Partnership		MA
South Valley Medical Building L.L.C.		MN
South Valley Venture, LLC		MN
Southern Ocean GP, LLC		NJ
Spencer House Ltd		Island of Jersey
SR-73 and Lakeside Ave LLC		DE
SSL Aspen Park SPE LLC		DE
SSL Landlord, LLC		DE
SSL Sponsor, LLC		DE
SSL Tenant, LLC		DE
St. Anthony Physicians, LLC		DE
St. Clare Physicians II, LLC		DE
St. Clare Physicians, LLC		DE
St. Joseph Physicians, LLC		DE
Stafford Associates of N.J., L.P.		NJ
Stafford Care Home Ltd		Island of Jersey
Stafford Convalescent Center, Inc.		DE
Stafford Medical Office Pavilion, LLC		DE
Stittsville Facility Inc.		Ontario
Subtenant 10225 Cypresswood Drive, LLC		DE
Subtenant 1118 N. Stoneman Avenue, LLC		DE
Subtenant 1221 Seventh Street, LLC		DE
Subtenant 125 W. Sierra Madre Avenue, LLC		DE
Subtenant 1301 Ralston Avenue, LLC		DE
Subtenant 1430 East 4500 South, LLC		DE
Subtenant 1500 Borden Road, LLC		DE
Subtenant 22955 Eastex Freeway, LLC		DE
Subtenant 240 E. Third Street, LLC		DE


Subsidiary Name		Jurisdiction of Organization
Subtenant 25100 Calabasas Road, LLC		DE
Subtenant 30311 Camino Capistrano, LLC		DE
Subtenant 330 North Hayworth Avenue, LLC		DE
Subtenant 335 Saxony Road, LLC		DE
Subtenant 350 W. Bay Street, LLC		DE
Subtenant 3611 Dickason Avenue, LLC		DE
Subtenant 514 N. Prospect Avenue, LLC		DE
Subtenant 5521 Village Creek Drive, LLC		DE
Subtenant 7950 Baybranch Drive, LLC		DE
Subtenant 8855 West Valley Ranch Parkway, LLC		DE
Subtenant 9410 E. Thunderbird, LLC		DE
Sun City West Tenant, LLC		DE
Sun IV LLC		DE
Sunrise at Frognal House Limited		Island of Jersey
Sunrise Basking Ridge Assisted Living, L.L.C.		NJ
Sunrise Belmont Assisted Living, L.L.C.		CA
Sunrise Bethesda (SL-AU), LLC		DE
Sunrise Bethesda (SL-HCU), LLC		DE
Sunrise Bloomfield South MI Senior Living, LLC		DE
Sunrise Buckhead GA Senior Living, LLC		DE
Sunrise Burlington Senior Living, LLC		DE
Sunrise Chesterfield Assisted Living, L.L.C.		MO
Sunrise Connecticut Avenue Assisted Living Owner, L.L.C.		VA
Sunrise Edison Owner, LLC		DE
Sunrise Fairfax Assisted Living, L.L.C.		VA
Sunrise First Euro Holdings (Jersey) Limited		Island of Jersey
Sunrise First Euro Properties GP Limited		Island of Jersey
Sunrise First Euro Properties LP		Island of Jersey
Sunrise Flossmoor Assisted Living, L.L.C.		IL
Sunrise Gahanna Assisted Living, L.L.C.		OH


Subsidiary Name		Jurisdiction of Organization
Sunrise Gardner Park GP, Inc.		MA
Sunrise HBLR, LLC		DE
Sunrise Highland Park Senior Living, L.L.C.		IL
Sunrise Home Help Banstead Limited		United Kingdom
Sunrise Home Help Bassett Limited		United Kingdom
Sunrise Home Help Beaconsfield Limited		United Kingdom
Sunrise Home Help Bramhall II Limited		United Kingdom
Sunrise Home Help Cardiff Limited		United Kingdom
Sunrise Home Help Chorleywood Limited		United Kingdom
Sunrise Home Help Eastbourne Limited		United Kingdom
Sunrise Home Help Edgbaston Limited		United Kingdom
Sunrise Home Help Elstree Limited		United Kingdom
Sunrise Home Help Esher Limited		United Kingdom
Sunrise Home Help Fleet Limited		United Kingdom
Sunrise Home Help Guildford Limited		United Kingdom
Sunrise Home Help Mobberley Limited		United Kingdom
Sunrise Home Help Purley Limited		United Kingdom
Sunrise Home Help Services Limited		United Kingdom
Sunrise Home Help Services V.W. Limited		United Kingdom
Sunrise Home Help Solihull Limited		United Kingdom
Sunrise Home Help Sonning Limited		United Kingdom
Sunrise Home Help Southbourne Limited		United Kingdom
Sunrise Home Help Tettenhall Limited		United Kingdom
Sunrise Home Help Westbourne Limited		United Kingdom
Sunrise Home Help Weybridge Limited		United Kingdom
Sunrise Jersey Holdings II Limited		Island of Jersey


Subsidiary Name		Jurisdiction of Organization
Sunrise Jersey Holdings III Limited		Island of Jersey
Sunrise Jersey Holdings IV Limited		Island of Jersey
Sunrise Johns Creek GA Senior Living, LLC		GA
Sunrise Kennebunk ME Senior Living, LLC		DE
Sunrise Lafayette Hills Assisted Living, L.P.		PA
Sunrise Lafayette Hills Senior Living GP, LLC		DE
Sunrise Louisville KY Senior Living, LLC		KY
Sunrise Lower Makefield PA Senior Living, LP		DE
Sunrise Lynnfield Senior Living, LLC		DE
Sunrise Marlboro Assisted Living, L.L.C.		NJ
SUNRISE MEZZ A, LLC		DE
SUNRISE MEZZ B, LLC		DE
SUNRISE MEZZ C, LLC		DE
SUNRISE MEZZ D, LLC		DE
SUNRISE MEZZ E, LLC		DE
Sunrise Monterey Senior Living, LP		DE
Sunrise Monterey, LLC		DE
Sunrise North Naperville Assisted Living, L.L.C.		IL
Sunrise NY Tenant, LLC		DE
Sunrise Oakland Assisted Living Limited Partnership		CA
Sunrise of Bagshot II Limited		Island of Jersey
Sunrise of Banstead Limited		Island of Jersey
Sunrise of Bassett Limited		Island of Jersey
Sunrise of Beaconsfield GP Inc.		New Brunswick
Sunrise of Beaconsfield Limited		Island of Jersey
Sunrise of Beaconsfield, LP		Ontario
Sunrise of Blainville GP Inc.		New Brunswick
Sunrise of Blainville, LP		Ontario
Sunrise of Bramhall II Limited		Island of Jersey
Sunrise of Cardiff Limited		Island of Jersey


Subsidiary Name		Jurisdiction of Organization
Sunrise of Chorleywood Limited		Island of Jersey
Sunrise of Dollard des Ormeaux GP, Inc.		New Brunswick
Sunrise of Dollard des Ormeaux, LP		Ontario
Sunrise of Eastbourne Limited		Island of Jersey
Sunrise of Edgbaston Limited		Island of Jersey
Sunrise of Elstree Limited		Island of Jersey
Sunrise of Esher Limited		Island of Jersey
Sunrise of Fleet Limited		Island of Jersey
Sunrise of Guildford Limited		Island of Jersey
Sunrise of Hale Barns Limited		Island of Jersey
Sunrise of Knowle Limited		Island of Jersey
Sunrise of Mobberley Limited		Island of Jersey
Sunrise of Purley Limited		Island of Jersey
Sunrise of Sevenoaks Limited		Island of Jersey
Sunrise of Solihull Limited		Island of Jersey
Sunrise of Sonning Limited		Island of Jersey
Sunrise of Southbourne Limited		Island of Jersey
Sunrise of Tettenhall Limited		Island of Jersey
Sunrise of Virginia Water Limited		Island of Jersey
Sunrise of Westbourne Limited		Island of Jersey
Sunrise of Weybridge Limited		Island of Jersey
Sunrise of Winchester Limited		Island of Jersey
Sunrise Operations Bagshot II Limited		United Kingdom
Sunrise Operations Banstead Limited		United Kingdom
Sunrise Operations Bassett Limited		United Kingdom


Subsidiary Name		Jurisdiction of Organization
Sunrise Operations Beaconsfield Limited		United Kingdom
Sunrise Operations Bramhall II Limited		United Kingdom
Sunrise Operations Cardiff Limited		United Kingdom
Sunrise Operations Chorleywood Limited		United Kingdom
Sunrise Operations Eastbourne Limited		United Kingdom
Sunrise Operations Edgbaston Limited		United Kingdom
Sunrise Operations Elstree Limited		United Kingdom
Sunrise Operations Esher Limited		United Kingdom
Sunrise Operations Fleet Limited		United Kingdom
Sunrise Operations Guildford Limited		United Kingdom
Sunrise Operations Hale Barns Limited		United Kingdom
Sunrise Operations Knowle Limited		United Kingdom
Sunrise Operations Mobberley Limited		United Kingdom
Sunrise Operations Purley Limited		United Kingdom
Sunrise Operations Sevenoaks Limited		United Kingdom
Sunrise Operations Solihull Limited		United Kingdom
Sunrise Operations Sonning Limited		United Kingdom
Sunrise Operations Southbourne Ltd.		United Kingdom
Sunrise Operations Tettenhall Ltd.		United Kingdom
Sunrise Operations UK Limited		United Kingdom
Sunrise Operations V.W. Limited		United Kingdom
Sunrise Operations Westbourne Limited		United Kingdom
Sunrise Operations Weybridge Limited		United Kingdom
Sunrise Operations Winchester Limited		United Kingdom
Sunrise Paoli Assisted Living, L.P.		PA
Sunrise Paoli Senior Living GP, LLC		DE


Subsidiary Name		Jurisdiction of Organization
Sunrise Randolph Senior Living, L.L.C.		DE
Sunrise Senior Living International Limited Partnership		Island of Jersey
Sunrise Senior Living Investments, LLC		VA
Sunrise Senior Living Jersey Limited		Island of Jersey
Sunrise Third (Pool I) GP, LLC		DE
Sunrise Third (Pool I), LLC		DE
Sunrise Third (Pool I), LP		CA
Sunrise Third (Pool II), LLC		DE
Sunrise Third (Pool III) GP, LLC		DE
Sunrise Third (Pool III), LLC		DE
Sunrise Third (Pool III), LP		CA
Sunrise Third (Pool IV) GP, LLC		DE
Sunrise Third (Pool IV), LLC		DE
Sunrise Third (Pool IV), LP		CA
Sunrise Third (Pool V), LLC		DE
Sunrise Third Alta Loma SL, LP		CA
Sunrise Third Claremont SL, LP		CA
Sunrise Third Crystal Lake SL, LLC		IL
Sunrise Third Dix Hills SL, LLC		NY
Sunrise Third East Setauket SL, LLC		NY
Sunrise Third Edgewater SL, LLC		NJ
Sunrise Third Gurnee SL, LLC		IL
Sunrise Third Holbrook SL, LLC		NY
Sunrise Third Lincroft SL, LLC		NJ
Sunrise Third Plainview SL, LLC		NY
Sunrise Third Roseville SL, LLC		MN
Sunrise Third Schaumburg SL, LLC		IL
Sunrise Third Senior Living Holdings, LLC		DE
Sunrise Third Tustin SL, LP		CA
Sunrise Third University Park SL, LLC		CO
Sunrise Third West Babylon SL, LLC		NY
Sunrise Third West Bloomfield SL, LLC		MI
Sunrise Village House LLC		MD
Sunrise Wake County NC Senior Living, LLC		NC
Sunrise Webb Gin GA Senior Living, LLC		DE
Sunrise Weston Assisted Living, Limited Partnership		MA


Subsidiary Name		Jurisdiction of Organization
Sunrise Yonkers SL, LLC		NY
Sunrise Yonkers/Upper St. Clair Holdings, LLC		DE
Sunvest Upper St. Clair MTE, LLC		DE
SV Yonkers, LLC		DE
SZR Beaconsfield, Inc.		New Brunswick
SZR Blainville, Inc.		New Brunswick
SZR Dollard des Ormeaux, Inc.		New Brunswick
Tacoma Healthcare Investors, LLC		DE
Tanglewood Tenant, LLC		DE
Teays Valley Haven Limited Partnership		WV
Terrace Gardens Retirement Facility Inc.		Ontario
The Apple Valley Limited Partnership		MA
The Apple Valley Partnership Holding Company, Inc.		PA
The House of Campbell, Inc.		WV
The Multicare Companies, Inc.		DE
The Renaissance Resort Retirement Living Inc. / Complexe de Residence Renaissance Inc.		Canada
The Sarah Brayton Partnership Holding Company, Inc.		DE
The Somerset Partnership Holding Company, Inc.		MA
The Straus Group-Hopkins House, L.P.		NJ
The Straus Group-Old Bridge, L.P.		NJ
The Straus Group-Quakertown Manor, L.P.		NJ
The Straus Group-Ridgewood, L.P.		NJ
Trafalgar Facility Inc.		Ontario
Trent House Ltd		Island of Jersey
TV Arlington Tenant, LLC		DE
Upper St. Clair Senior Living, L.L.C.		DE
V.W. Properties Limited		Island of Jersey
Vankleek Facility Inc.		Ontario
Ventana Canyon Tenant, LLC		DE
Villa Chicoutimi Inc.		Quebec
Villa De L’Estrie Inc.		Quebec


Subsidiary Name		Jurisdiction of Organization
Villa du Saguenay Inc.		Quebec
Villa Jonquiere Inc.		Quebec
Villa Rive-Sud Inc.		Quebec
Villas Realty & Investments, Inc.		PA
Voorhees Healthcare Properties, LLC		DE
Voorhees Physicians, LLC		DE
Wake County NC Senior Living Owner, LLC		DE
Waldorf Property, LLC		MD
Wallingford Associates of Connecticut, L.P.		DE
Warrior LP Holdco, LLC		DE
Warwick Associates of Rhode Island, L.P.		DE
Waterstone I, LLC		DE
Wellingborough House Ltd		Island of Jersey
West Boynton Investors, LLLP		FL
Westford Nursing and Retirement Center Limited Partnership		MA
Westford Nursing and Retirement Center, Inc.		MA
Westminster Junction Venture, LLC		MN
White Lake I, LLC		DE
White Oak Assisted Living L.L.C.		DE
Willow Manor Nursing Home, Inc.		MA
Willowbrook Properties Holdco Ltd		Island of Jersey
Wilmington Assisted Living, L.L.C.		DE
Windrose 310 Properties, L.L.C.		TN
Windrose Aberdeen I Properties, L.L.C.		FL
Windrose Aberdeen II Properties, L.L.C.		DE
Windrose Atrium Properties, L.L.C.		DE
Windrose AWPC II Properties, LLC		DE
Windrose AZ-Tempe Properties, LLC		DE
Windrose Bartlett Properties, LLC		DE
Windrose Biltmore Properties, L.L.C.		VA
Windrose Central Medical II Properties, L.L.C.		VA
Windrose Central Medical III Properties, L.L.C.		VA
Windrose Central Medical Properties, L.L.C.		DE


Subsidiary Name		Jurisdiction of Organization
Windrose Claremore Properties, LLC		DE
Windrose Congress I Properties, L.P.		DE
Windrose Congress II Properties, L.P.		DE
Windrose Coral Springs Properties, L.L.C.		VA
Windrose Cottonwood Properties, LLC		DE
Windrose Denton Properties, LLC		DE
Windrose Desert Springs Properties, L.P.		DE
Windrose East Valley Properties, LLC		DE
Windrose Fayetteville Properties, L.L.C.		DE
Windrose Frisco I Properties, LLC		DE
Windrose Frisco II Properties, LLC		DE
Windrose Glendale Properties, LLC		DE
Windrose Lafayette Properties, L.L.C.		DE
Windrose Lake Mead Properties, L.L.C.		VA
Windrose Lakewood Properties, L.L.C.		VA
Windrose Las Vegas Properties, LLC		DE
Windrose Los Alamitos Properties, LLC		DE
Windrose Los Gatos Properties, L.L.C.		VA
Windrose Medical Properties Management, L.L.C.		VA
Windrose Medical Properties, L.P.		VA
Windrose Mount Vernon Properties, L.L.C.		VA
Windrose Niagara Falls Properties, LLC		DE
Windrose Northside Properties, Ltd.		FL
Windrose Northwest Professional Plaza Properties, LLC		DE
Windrose Orange Centre Properties, L.L.C.		DE
Windrose Orange Properties, L.L.C.		DE
Windrose Palm Court Properties, L.L.C.		VA
Windrose Palmer Properties, LLC		DE
Windrose Palms West III Properties, Ltd.		FL
Windrose Palms West IV Properties, Ltd.		FL
Windrose Palms West V Properties, Ltd.		FL
Windrose Park Medical Properties, L.L.C.		VA


Subsidiary Name		Jurisdiction of Organization
Windrose Partell Medical Center, L.L.C.		VA
Windrose Physicians Plaza Properties, LLC		DE
Windrose Princeton Properties, L.L.C.		DE
Windrose Santa Anita Properties, L.L.C.		DE
Windrose Sierra Properties, Ltd.		FL
Windrose Southlake Properties, LLC		DE
Windrose Southpointe Properties, L.L.C.		DE
Windrose Southside Properties, Ltd.		FL
Windrose SPE Mount Vernon Properties, Inc.		GA
Windrose St. Louis I Properties, LLC		DE
Windrose St. Mary’s Medical Professional Building, L.L.C.		VA
Windrose TSM I Properties, LLC		DE
Windrose Tucson Properties, LLC		DE
Windrose Tulsa Properties, L.L.C.		DE
Windrose Webster Properties, L.P.		DE
Windrose Wellington Properties, LLC		DE
Windrose Wellington Properties, Ltd.		FL
Windrose West Boca Properties, Ltd.		FL
Windrose West Seneca Properties, LLC		DE
Windrose West Tower Properties, Ltd.		FL
Windrose Winn Way Properties, L.L.C.		VA
Windrose WPC Jupiter Properties, LLC		DE
Windrose WPC Properties, L.P.		DE
Windrose Yorkville Properties, L.L.C.		VA
WMP AWPC II Management, LLC		DE
WMP Boynton Beach Management, LLC		DE
WMP Cottonwood Management, LLC		DE
WMP East Valley Management, LLC		DE
WMP Niagara Falls Management, LLC		DE
WMP Northwest Professional Plaza Management, LLC		DE
WMP Physicians Plaza Management, LLC		DE
WMP Southlake Management, LLC		DE
WMP TSM I Management, LLC		DE
WMP Wellington Management, LLC		DE


Subsidiary Name		Jurisdiction of Organization
WMP West Seneca Management, LLC		DE
WMPT Aberdeen I Management, L.L.C.		DE
WMPT Aberdeen II Management, L.L.C.		DE
WMPT Atrium Management, L.L.C.		DE
WMPT AZ-Tempe Management, LLC		DE
WMPT Bartlett Management, LLC		DE
WMPT Bellaire HP Properties, L.L.C.		VA
WMPT Bellaire HP, L.P.		VA
WMPT Bellaire L.P.		VA
WMPT Bellaire POB Properties, L.L.C.		VA
WMPT Bellaire POB, L.P.		VA
WMPT Bellaire Properties, L.L.C.		VA
WMPT Boynton West Management, LLC		DE
WMPT Claremore Management, LLC		DE
WMPT Congress I Management, L.L.C.		DE
WMPT Congress II Management, L.L.C.		DE
WMPT Denton Management, LLC		DE
WMPT Desert Springs Management, L.L.C.		DE
WMPT Frisco I Management, LLC		DE
WMPT Frisco II Management, LLC		DE
WMPT Glendale Management, LLC		DE
WMPT Lafayette Management, L.L.C.		DE
WMPT Las Vegas Management, LLC		DE
WMPT Los Alamitos Management, LLC		DE
WMPT Northside Management, L.L.C.		DE
WMPT Orange Centre Management, L.L.C.		DE
WMPT Palmer Management, LLC		DE
WMPT Palms West III Management, L.L.C.		DE
WMPT Palms West IV Management, L.L.C.		DE
WMPT Palms West V Management, L.L.C.		DE
WMPT Pearland II Properties, L.L.C.		VA
WMPT Pearland II, L.P.		VA
WMPT Pearland Properties, L.L.C.		VA
WMPT Pearland, L.P.		VA
WMPT Princeton Management, L.L.C.		DE


Subsidiary Name		Jurisdiction of Organization
WMPT Sacramento Properties, L.L.C.		VA
WMPT Sacramento, L.P.		VA
WMPT Santa Anita Management, L.L.C.		DE
WMPT Sierra Management, L.L.C.		DE
WMPT Southpointe Management, L.L.C.		DE
WMPT Southside Management, L.L.C.		DE
WMPT St. Louis I Management, LLC		DE
WMPT Stone Oak Properties, L.L.C.		VA
WMPT Stone Oak, L.P.		VA
WMPT Tomball Properties, L.L.C.		VA


Subsidiary Name		Jurisdiction of Organization
WMPT Tomball, L.P.		VA
WMPT Tucson Management, LLC		DE
WMPT Tulsa Management, L.L.C.		DE
WMPT Webster Management, L.L.C.		DE
WMPT Wellington Management, L.L.C.		DE
WMPT West Boca Management, L.L.C.		DE
WMPT West Tower Management, L.L.C.		DE
WMPT WPC Jupiter Management, LLC		DE
WMPT WPC Management, L.L.C.		DE
WTP Healthcare Properties, LLC		DE
Wyncote Healthcare Corp.		PA

SCHEDULE V

Executive Officers

Thomas J. DeRosa

Charles J. Herman, Jr.

Jeffrey H. Miller

Scott A. Estes

Erin C. Ibele

Michael A. Crabtree

Scott M. Brinker