News & Analysis: HCP making $179M buy


By John Mugford

HCP Inc. recently closed on the $12.5 million purchase of this 97,549 square
foot medical office building (MOB) in Mesa, Ariz., as part of a planned 12-building, $179 million MOB portfolio acquisition from The Boyer Co.
Photo courtesy of The Boyer Co.

For a while, Long Beach, Calif.-based HCP Inc. (NYSE: HCP) was not making many headlines when it came to acquiring medical office buildings (MOBs). The publicly traded real estate investment trust (REIT) has quite a diverse, $19 billion portfolio that spans 46 states and is composed of senior housing facilities, post-acute/skilled nursing properties, life science buildings, hospitals and about 250 MOBs.

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