January 3, 2018
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HEALTHCARE: Construction totals about $800 million
A third of the former “Big Three” senior housing real estate investment trusts is wearing a different color: HCP Inc. (NYSE: HCP) plans to slice its portfolio into three equal segments over the next few years.
Heads second-largest OC public co. … $12B market cap, $2B revenue, up 10% YOY; $628M net income … 185 workers, half in OC … exited skilled nursing by REIT spin-off …focus on life sciences, med office … was CFO 2009-2011 … rejoined as EVP, CFO mid-2016 … resume includes REITs, finance … named to current role January 2017 … exec chair Mike McKee had been interim chief