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HCP at REITWeek: ManorCare spin 'on track'

Jun. 07, 2016 4:23 PM ETHashiCorp, Inc. (HCP) StockDOC, WPGGQBy: Stephen Alpher, SA News Editor12 Comments
  • Last month, the company announced the spinoff of the HCR ManorCare portfolio into a independent REIT. The deal is "on track" says HCP CEO Lauralee Martin, and expected to close in H2. SpinCo will be led by Mark Ordan, who hails from WP Glimcher (NYSE:WPG), where he was board chairman.
  • Other Martin comments: There's "no question" the supply of senior housing has grown faster than demand in some markets; the company will focus on dividend growth post-spin.
  • Presentation slides

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