EX-5 3 l92961aex5.txt EXHIBIT 5 Exhibit 5 SHUMAKER, LOOP & KENDRICK, LLP NORTH COURTHOUSE SQUARE 1000 JACKSON TOLEDO, OHIO 43624 February 25, 2002 George L. Chapman Chairman of the Board, Chief Executive Officer and President Health Care REIT, Inc. One SeaGate, Suite 1500 Toledo, Ohio 43604 Re: HEALTH CARE REIT, INC.: Registration Statement on Form S-3 SEC File No. 333-73936 Our File No. 72969 Dear Mr. Chapman: We have acted as counsel to Health Care REIT, Inc. (the "Company") in connection with the preparation and filing of its Registration Statement on Form S-3 with the Securities and Exchange Commission pursuant to the requirements of the Securities Act of 1933, as amended, for the registration of $677,344,400 of debt securities, preferred stock, common stock and warrants of the Company shares of the Company's common stock (hereinafter referred to as the "Shares"). In connection with the following opinion, we have examined and have relied upon a prospectus supplement relating to the offering and sale under the Registration Statement of 906,125 shares of the Company's common stock (hereinafter referred to as the "Shares") for an aggregate purchase price of $24,999,989 or such other documents, records, certificates, statements, and instruments as we have deemed necessary and appropriate to render an opinion herein set forth. Based upon the foregoing, it is our opinion that the Shares will be, when issued and sold in the manner set forth in the Registration Statement, legally and validly issued and fully paid and nonassessable. The undersigned hereby consents to the filing of this opinion as Exhibit 5 to the Registration Statement. Very truly yours, SHUMAKER, LOOP & KENDRICK, LLP By: /S/ Mary Ellen Pisanelli