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Health Care Property Investors, Inc. Discloses Details of Its Long-Term Acute Care Hospital Investments

Posted on: Monday, 23 January 2006, 21:00 CST

In light of the recent release from the Centers for Medicare and Medicaid Services concerning proposed future payment rates for long-term acute care hospitals ("LTACs"), Health Care Property Investors, Inc. (NYSE:HCP), a healthcare real estate investment trust, today disclosed that it currently owns three LTACs as part of its hospital portfolio. The LTACs are leased to two operators under triple net leases with a weighted average remaining term of approximately five years, excluding extension options. In the aggregate, the three LTACs represent approximately 0.51% of HCP's total revenue and 0.34% of HCP's total real estate investments.

Health Care Property Investors, Inc. (NYSE:HCP) is a self-administered real estate investment trust that invests directly or through joint ventures in healthcare facilities. As of September 30, 2005, the Company's portfolio of properties, excluding assets held for sale but including investments through joint ventures and mortgage loans, included 542 properties in 42 states and consisted of 28 hospitals, 165 skilled nursing facilities, 138 assisted living and continuing care retirement communities, 184 medical office buildings and 27 other healthcare facilities. For more information on Health Care Property Investors, Inc., visit the Company's website at www.hcpi.com.

Source: Business Wire

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