HCP is a real estate investment trust, which, together with its consolidated entities, invests primarily in real estate serving the healthcare industry in the U.S. Co. acquires, develops, leases, manages and disposes of healthcare real estate and provides financing to healthcare providers. Co.'s portfolio is comprised of investments in the following healthcare segments: senior housing triple-net (SH NNN), senior housing operating portfolio (SHOP), life science, and medical office. At Dec 31 2016, Co. had interests in and managed 15 hospitals, 61 care homes in the U.K., five post-acute/skilled nursing facilities (SNFs), four of which were owned by Co.'s unconsolidated joint ventures.
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