HCP Receives Early Payoff of Its Debt Investments in Genesis HealthCare

HCP HCP received $330.4 million resulting from the pre-payment at par of its debt investments in Genesis HealthCare, which were acquired during September and October 2010 for $290 million. The early payoff is in connection with the closing of Health Care REIT's acquisition of the real estate assets of Genesis HealthCare. HCP realized an annualized return of 40% on its debt investment in Genesis HealthCare.