Our History

Explore our timeline with highlights throughout HCP’s 31+ consecutive years of excellence and growth.

  • 1985

    HCP became a public company listed on the NYSE through our IPO on May 30, 1985, which raised $90 million at $20 per share. Our original portfolio was comprised of 24 skilled nursing facilities and hospitals that were operated by National Medical Enterprises.

    Raised $90 million through our IPO in 1985

  • Reached $300 million in total assets under management


    Acquired 25 skilled nursing facilities through a $60 million sale leaseback with Beverly Enterprises, bringing our total assets under management to over $300 million.

  • 1999

    Completed $1 billion merger with American Health Properties, representing the largest transaction ever achieved in the healthcare REIT sector at that time and resulting in HCP becoming the largest diversified healthcare REIT with $2.5 billion of assets under management.

    Became the largest diversified healthcare REIT

  • Established a larger MOB platform


    Established a larger medical office platform through our acquisition of 113 MOBs for $575 million from MedCap Properties.

  • 2006

    Acquired CNL Retirement Properties for $5.3 billion, effectively doubling the size of our Company.

    Acquired CNL Retirement Properties

  • Created our Life Science Platform


    Created our life science platform through our $2.9 billion acquisition of Slough Estates, comprised of 83 properties representing 5 million square feet in the San Francisco Bay Area and San Diego.

  • 2008

    Became the first healthcare REIT to be included in the S&P 500 Index.

    S&P 500
  • Dividend Aristocrat Logo
    2011 Annual Report Cover


    Became the first REIT to be named to the prestigious S&P 500 Dividend Aristocrat Index.

    Launched our inaugural Sustainability Report.

  • 2012

    Acquired $1.7 billion senior housing portfolio of 129 communities from a joint venture between Emeritus and Blackstone.

    Named GRESB’s Healthcare Sector Leader and achieved Green Star designation (2012-2015).


  • CDP


    Named to CDP’s Climate Disclosure Leadership Index (2013-2014).

    Named to the Dow Jones Sustainability North America Index (2013-2015).

  • 2014

    Completed $1.9 billion of acquisitions, including the formation of a $1.2 billion CCRC joint venture with Brookdale and our first international real estate investment in the U.K., bringing our total international investments to $1 billion and total assets under management to over $24 billion.

    Reached $24 billion in total assets under management

  • HCP Stock Exchange
    2015 Combined Report Cover


    Celebrated our 30 year anniversary of being listed on the New York Stock Exchange.

    Published inaugural Combined Annual + Sustainability Report.

  • 2016

    Increased our dividend for the 31st consecutive year.