Health Care REIT, Inc. (NYSE:HCN) today announced that Steven W. Schroeder has been appointed to Vice President – Treasurer. Steve succeeds Michael A. Crabtree who retired effective April 1, 2015 in a planned transition.

“Mike's numerous contributions to HCN were critical in its successful growth from $600 million in enterprise value to nearly $40 billion today,” said Scott Estes, Chief Financial Officer of HCN. “Perhaps most notably, Mike played an instrumental role in managing our numerous bank relationships including our current $3.23 billion credit facility, assisting in over $25 billion of capital raising transactions, and acting as our primary contact with the rating agencies. Mike will always be a member of the HCN family, and we wish him and his family well.”

“Steve has been a key contributor over the past nine years, and I am confident he will be a great Treasurer,” added Estes. “Mike has served as a mentor to Steve, and they worked closely together for years. They have actively collaborated for months to assure a seamless transition.”

Steve has served as HCN’s Vice President – Finance since January 2011, and has had various roles within HCN’s finance and investment teams since May 2006. In his new role, he will be responsible for managing liabilities; rating agency and banking relationships; foreign exchange and cash management; assisting in capital raising activities; and working as a primary contact with the equity research community.

Mike joined HCN in 1996 serving as Controller, a position he held until 2002. He assumed the duties of Treasurer in July 2000, and was promoted to his current position in 2009. Mike was an executive officer of the company. As HCN became a leading owner of health care real estate in the United States, United Kingdom and Canada, Mike led in developing a disciplined global financial strategy, internal systems and procedures, a top finance team, and a strong balance sheet.

About Health Care REIT, Inc. HCN, an S&P 500 company with headquarters in Toledo, Ohio, is a real estate investment trust that invests across the full spectrum of seniors housing and health care real estate. The company also provides an extensive array of property management and development services. As of December 31, 2014, the company’s broadly diversified portfolio consisted of 1,328 properties in 46 states, the United Kingdom and Canada.