HCP is a real estate investment trust. The company invests in real estate serving the healthcare industry in the United States. It's portfolio consists of investments in various healthcare segments: senior housing, post-acute/skilled nursing, life science, medical office and hospital. It's portfolio includes owned portfolio, unconsolidated joint ventures, and developments and redevelopments. It's owned portfolio includes around 1,040 properties under lease and 68 operating properties. The company has interests in unconsolidated joint ventures representing around 88 properties in its senior housing, life science and medical office segments. It has assets under development, redevelopment and land held for future development in life science and medical office segments. The properties owned by it in medical office and senior housing segments, which are under development or redevelopment include Pacific Corporate Park, Memorial Hermann, Sky Ridge, Bayfront, Folsom and Deer Park. The company seeks to expand it's portfolio of real estates serving the healthcare industry through mergers and acquisitions.