Pricing Supplement dated September 17, 1998 Rule
424(b)(3)
(To Prospectus dated August 19, 1997 and File No.
333-32135
Prospectus Supplement dated August 19, 1997)
NATIONWIDE HEALTH PROPERTIES, INC.
Medium-Term Note, Series C - Fixed Rate
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Face Amount: $25,000,000
Trade Date: September 16, 1998
Issue Price: 100%
Original Issue Date: September 21, 1998
Interest Rate: 7.375%
Net Proceeds to Issuer: $24,875,000
Interest Payment Dates: April 1, October 1
Agent's Commission: 0.50%
Regular Record Dates: March 17, September 16
Name of Agent: Merrill Lynch & Co.
Stated Maturity Date: September 22, 2003
Agent acting in the capacity indicated below:
[X] As Agent
[ ] As Principal
Denominations (if other than $1000 and integral multiples
thereof):_______________
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Day Count Convention:
[X] 30/360 for the period from September 21, 1998 to September
22, 2003
[ ] Actual/360 for the period from to
[ ] Actual/Actual for the period from to
[ ] Other (see attached) to
Redemption:
[X] The Notes cannot be redeemed prior to the Stated Maturity
Date.
[ ] The Notes may be redeemed prior to Stated Maturity Date.
Initial Redemption Date:
Initial Redemption Percentage: %
Annual Redemption Percentage Reduction: % until
Redemption
Percentage is 100% of the Principal Amount.
Repayment:
[X] The Notes cannot be repaid prior to the Stated Maturity Date.
[ ] The Notes can be repaid prior to the Stated Maturity Date at
the
option of the holder of the Notes.
Optional Repayment Date(s):
Repayment Price: 100%
Original Issue Discount: [ ] Yes [X] No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
Form: [X] Book-entry [ ] Certificated
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Goldman, Sachs & Co. Merrill Lynch &
Co.