HCP

May 10, 2016 Comments Off on HCP to Spin off ManorCare into Independent REIT Views: 244 California, California News, Healthcare News, Medical Office Building, Orange County, Senior Housing, West

HCP to Spin off ManorCare into Independent REIT

HCP will spin off its HCR ManorCare portfolio of skilled nursing and assisted living assets into SpinCo, an independent, publicly-traded REIT. SpinCo expects to file its initial Form 10 registration with the Security and Exchange Commission (SEC) in the next 30 days.

The spin-off is expected to be completed in the second half of this year. SpinCo’s portfolio will consist of more than 320 properties.

Following the spin-off’s completion, HCP’s portfolio will consist of more than 860 properties, consisting of senior housing, life science and medical office real estate. According to Lauralee Martin, president and chief executive officer, the spin-off means HCP will be able to focus on high-growth healthcare sectors for investment.

Read More at PR Newswire

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