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Article: Long Beach REIT paces medical office market.(REAL ESTATE QUARTERLY: PRESCRIPTION FOR DEVELOPMENT)(Real estate investment trusts)(HCP Inc.)(Company overview)
- Article from:
- Los Angeles Business Journal
- Article date:
- July 21, 2008
- Author:
CopyrightCOPYRIGHT 2008 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DEVELOPERS, private investors and specialized contractors aren't the only ones benefiting from the surge in medical office construction.
HCP Inc., a real estate investment trust based in Long Beach, has ridden the health care construction boom to become the largest health care REIT in the country, with 700 properties nationwide.
In addition to medical office buildings, HCP, which is little known outside its industry, owns medical office buildings as well as properties as varied as hospitals, nursing homes and life science research facilities. Medical office properties account for 20 percent of its portfolio.
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