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
  • GRSB


    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).

  • 2013

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

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

  • Formed a $1.2 billion CCRC joint venture with Brookdale


    Completed $1.9 billion of acquisitions, including the formation of a $1.2 billion CCRC joint venture with Brookdale.

  • 2015

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

    Published Combined Annual + Sustainability Report.

    2015 Combined Report Cover
  • Completed the spin-off of Quality Care Properties, Inc. (NYSE: QCP) into an independent publicly-traded REIT


    As two independent companies, HCP and QCP will be able to focus on their inherent strengths and will have increased flexibility to pursue their distinct growth strategies. HCP expects to benefit from its improved portfolio quality and enhanced ability to accelerate growth within its core businesses of Senior Housing, Life Science and Medical Office properties.