HCP (NYSE:HCP) announced the election of Christine Garvey to the Company’s Board of Directors. With the election of Garvey, HCP’s Board of Directors totals eleven members, of which nine are independent.
Garvey has served as a member of the Board of Trustees of ProLogis (NYSE:PLD) since September 2005 when Catellus Development Corporation, where she had been a member of the Board since 1995, merged into a subsidiary of ProLogis. She is also a member of the Board of Directors of UnionBanCal Corporation (NYSE:UB) and served on the Board of Directors of Hilton Hotels Corporation (NYSE:HLT) through October 2007.
Garvey was the Global Head of Corporate Real Estate Services at Deutsche Bank AG from 2001 to 2004, where she continues to provide consulting services since her departure. Prior to that, she served as Vice President, Worldwide Real Estate and Workplace Resources at Cisco Systems, Inc. and as Group Executive Vice President at Bank of America.
About HCP
HCP, Inc. is a self-administered REIT that invests directly or through joint ventures in healthcare facilities. As of June 30, 2007, the Company's portfolio of properties, excluding assets held for sale but including investments through joint ventures and mortgage loans, included 675 properties and consisted of 273 senior housing facilities, 265 medical office buildings, 42 hospitals, 66 skilled nursing facilities and 29 other healthcare facilities. For more information on the Company, visit its website at www.hcpi.com.
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Mark A. Wallace
Executive Vice President —
Chief
Financial Officer and Treasurer
562-733-5100