HCP to Offer 22,000,000 Shares

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HCP to Offer 22,000,000 Shares

LONG BEACH, Calif.--(BUSINESS WIRE)-- HCP (NYS: HCP) announced that it has agreed to sell 22,000,000 shares of its common stock to Goldman, Sachs & Co., as sole underwriter, in an underwritten public offering pursuant to an effective shelf-registration statement filed with the Securities and Exchange Commission. HCP intends to use the net proceeds of the offering to finance a portion of the purchase price for the acquisition of 133 senior housing communities from a joint venture between Emeritus Corporation and Blackstone Real Estate Partners VI, an affiliate of The Blackstone Group, as announced by HCP on October 16, 2012. HCP has granted to the underwriter an option for thirty days to purchase up to an additional 3,300,000 shares of common stock.

This offering of shares of HCP common stock may be made only by means of a prospectus supplement and a prospectus. A copy of the prospectus supplement and the prospectus relating to the offering will be filed with the Securities and Exchange Commission and, when available, can be obtained from: Goldman Sachs, & Co., Prospectus Department, 200 West Street, New York, NY 10282, telephone at (866) 471-2526, or facsimile at (212) 902-9316 or by emailing prospectus-ny@ny.email.gs.com.


This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About HCP

HCP, Inc. is a fully integrated real estate investment trust (REIT) that invests primarily in real estate serving the healthcare industry in the United States. The Company's portfolio of assets is diversified among five distinct sectors: senior housing, post-acute/skilled nursing, life science, medical office and hospitals. A publicly traded company since 1985, HCP: (i) was the first healthcare REIT selected to the S&P 500 index; (ii) has increased its dividend per share for 27 consecutive years; and (iii) is the only REIT included in the S&P 500 Dividend Aristocrats index.

Forward-looking Statements

The statements contained in this release which are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include general economic conditions and the ability of HCP to complete the offering and receive the resulting proceeds and to consummate the acquisition described herein on the indicated terms or at all. Some of these risks, and other risks, are described from time to time in HCP's Securities and Exchange Commission filings.



HCP, Inc.
Timothy M. Schoen
Executive Vice President and Chief Financial Officer
(562) 733-5309

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

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