Exhibit 99.2

CONSENT OF J.P. MORGAN SECURITIES INC.

     We hereby consent to (i) the use of our opinion letter dated September 12, 2006 to the Board of Directors of Windrose Medical Properties Trust (the “Company”) included as Appendix D to the Proxy Statement/Prospectus which forms a part of Amendment No. 1 to the Registration Statement on Form S-4 (Registration No. 333-138006) relating to the proposed acquisition of the Company by Health Care REIT, Inc., and (ii) the references to such opinion in such Proxy Statement/Prospectus. Notwithstanding the foregoing, it is understood that our consent is being delivered solely in connection with the filing of the aforementioned Registration Statement. In giving such consent, we do not admit and we hereby disclaim that we come within the category of persons whose consent is required under Section 7 of the Securities Act of 1933, as amended, or the rules and regulations of the Securities and Exchange Commission thereunder, nor do we hereby admit that we are experts with respect to any part of such Registration Statement within the meaning of the term “experts” as used in the Securities Act of 1933, as amended, or the rules and regulations of the Securities and Exchange Commission thereunder.

	J.P. MORGAN SECURITIES INC.
	By: /s/ Ben T. Lett
		Name: Ben T. Lett Title: Managing Director
November 6, 2006