Exhibit 99.1
HCP TO PAY JUDGMENT IN VENTAS LITIGATION
LONG BEACH, CA – August 22, 2011 – HCP (NYSE:HCP) announced that it will promptly pay the approximately $102 million judgment against the Company resulting from the 2009 jury verdict awarding compensatory damages to Ventas, Inc. The Company accrued the full amount of the $102 million compensatory award during the third quarter of 2009, and accordingly the Company’s payment will have no additional impact on the Company’s earnings.
About HCP
HCP, Inc., an S&P 500 company, is a real estate investment trust (REIT) that invests primarily in real estate serving the healthcare industry in the United States. HCP has been a publicly traded NYSE listed company since 1985. Our portfolio of properties is distributed among distinct sectors of healthcare including: senior housing, life science, medical office, post-acute/skilled nursing and hospital. For more information, visit us at www.hcpi.com.
Contact
HCP
Timothy M. Schoen
Executive Vice President and Chief Financial Officer
(562) 733-5309