HCP

Brookdale, HCP to create $1.2 billion CCRC venture

Brookdale and real estate investment trust HCP Inc. have announced plans to create a $1.2 billion continuing care retirement community joint venture.

Stocks of nursing home REITs drop; analysts blame investor 'over-reaction'

Stocks of the real estate investment trusts that serve nursing homes have been on a downward slide since July's announcement of a $3.87 billion cut in Medicare reimbursements.

HCP buys HCR ManorCare for $6.1 billion

HCP buys HCR ManorCare for $6.1 billion

Real estate investment trust HCP Inc. is purchasing the real estate assets of HCR ManorCare from The Carlyle Group, a private-equity firm, for $6.1 billion. The transaction is the largest U.S. REIT deal in three years, according to Bloomberg data.