SOURCE: Nationwide Health Properties, Inc.

Nationwide Health Properties, Inc.

February 21, 2011 19:22 ET

Derrick D. Pete Promoted to Senior Vice President

NEWPORT BEACH, CA--(Marketwire - February 21, 2011) -  Nationwide Health Properties, Inc. (NYSE: NHP) announced today the promotion of Derrick D. Pete to Senior Vice President Corporate Development. "Derrick has made a tremendous contribution to NHP in a broad spectrum of areas, including strategy development, marketing, business development and portfolio management. His considerable tenure with NHP, deep experience across several areas of the Company and his significant industry knowledge give him a unique ability to help drive growth opportunities at NHP and to further strengthen our position within the rapidly evolving healthcare real estate sector," said Douglas Pasquale, NHP's Chairman, President and Chief Executive Officer. 

Derrick D. Pete joined NHP in December 2004 and has played an instrumental role in identifying new strategic growth opportunities for the Company while continuing to implement NHP's corporate priorities. As Senior Vice President Corporate Development, Mr. Pete will continue to report to Douglas Pasquale and will be responsible for the evaluation and recommendation of new initiatives. He will maintain his management oversight responsibility for NHP's enterprise risk management program and will also maintain his management of NHP's Corporate Technology, Marketing and Research areas. 

Nationwide Health Properties, Inc. is a real estate investment trust (REIT) that invests primarily in healthcare real estate in the United States. As of September 30, 2010, the Company's portfolio of properties, including mortgage loans and properties owned by unconsolidated joint ventures, totaled 637 properties among the following segments: 287 senior housing facilities, 211 skilled nursing facilities, 120 medical office buildings, 11 continuing care retirement communities, 7 specialty hospitals and 1 asset in development. For more information on Nationwide Health Properties, Inc., visit our website at http://www.nhp-reit.com.

Contact Information

  • CONTACT:
    Abdo H. Khoury
    Chief Financial & Portfolio Officer
    Nationwide Health Properties, Inc.
    (949) 718-4400