Mr. Ades, declined to disclose the projected returns of the REIT, but estimated the capitalization rate for the acquisition was relatively high at about 7%, indicating a strong initial yield for the buyer.

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Analysts are split on Health Care REIT, but eight of 18 analysts rate it hold.

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They point out that REIT dividends are taxed at a higher rate than other corporate dividends, 39.6% versus 20%.

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