health care reit inc annual report 2002 the foundation of is dedication our board directors manage ment and employees to stringent portfolio underwriting monitoring a conserva tive financial profile these core values are intended generate positive long term returns stockholders corporate profileintroduction delaware corporation self administered equity real estate invest trust that invests in facilities primarily skilled nursing assisted living we also specialty facili ties as december 31 which include sisted comprised approximately 92 investment founded 1970 were first exclusively had 1 537 257 000 investments inclusive credit enhancements 244 located 33 states managed by 44 differ ent operators at date cluded 160 76 eight act 1960 federal law