Article: GE Commercial Finance and Health Care Property Investors Form $600 Million Joint Venture to Acquire Medical Office Buildings.

Business Editors

STAMFORD, Conn.--(BUSINESS WIRE)--June 2, 2003

GE Commercial Finance and Health Care Property Investors, Inc. (NYSE:HCP) today announced the formation of a $600 million joint venture to acquire medical office buildings nationwide. The new company, HCP Medical Office Portfolio, LLC, will be funded by GE and Health Care Property Investors, demonstrating both companies' significant commitment to healthcare real estate. Health Care Property Investors and GE created the new company in response to hospitals and health care systems' need to redeploy capital from non-core assets toward their mission of providing quality healthcare.

"We ...

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