HCP Closes $440 Million Equity Offering

HCP (NYSE:HCP) announced that it has successfully completed its $440 million public offering of 20.7 million shares of common stock at a price per share of $21.25, which includes 2.7 million shares sold to the underwriters upon exercise of their option to purchase additional shares. As previously announced, HCP will use the proceeds to repay all amounts of indebtedness outstanding under its bridge loan facility, with the remainder to be used for general corporate purposes.

About HCP

HCP, Inc., an S&P 500 company, is a real estate investment trust (REIT) that, together with its consolidated subsidiaries, invests primarily in real estate serving the healthcare industry in the United States. As of March 31, 2009, HCP’s portfolio of properties, excluding assets held for sale but including mortgage loans and properties owned by unconsolidated joint ventures, totaled 692 properties among the following segments: 264 senior housing, 100 life science, 254 medical office, 23 hospital and 51 skilled nursing. For more information, visit the Company’s website at www.hcpi.com.