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Exhibit 21.1

HCP, Inc.

SUBSIDIARIES

Line of business: Acquiring, developing, leasing, disposing and managing of healthcare real estate.

Wholly Owned Subsidiaries Unless Otherwise Noted		Number of Omitted Subsidiaries		Organized Under Laws of
ARC Holland Real Estate Holdings, LLC (90%)			—	Delaware
ARC LaBarc Real Estate Holdings, LLC (90%)			—	Delaware
ARC Sun City Center Real Estate Holdings, LLC (90%)			—	Delaware
Fayetteville Health Associates Limited Partnership (97%)			—	Delaware
HCP DR Alabama, LLC (73.18%)			—	Delaware
	Pace MOB, LLC		—	Alabama
	SHAC, LLC		—	Alabama
HCP DR California, LLC (96.08%)			—	Delaware
	HCP CTE, LP (99.9%)		—	Delaware
	HCP Pleasant, LLC		—	Delaware
HCP DR MCD, LLC (53.35%)			—	Delaware
	HCP MCD TRS, LLC		—	Delaware
HCP EGP, Inc.			1	Delaware
HCP GP/Colorado, LLC			1	Delaware
HCP Life Science REIT, Inc.			1	Maryland
AHP of Washington, Inc			49	Washington
HCP Mezzanine Lender, LLC			1	Delaware
HCP MOP Member, LLC			100	Delaware
HCP TRS, Inc.			3	Delaware
HCP VPI Sorrento II, LLC (90%)			—	Delaware
HCPI/Colorado Springs Limited Partnership (97%)			—	Delaware
HCPI/Kansas Limited Partnership (97%)			—	Delaware
HCPI/Little Rock Limited Partnership (97%)			—	Delaware
HCPI/Sorrento, LLC (92.5%)			—	Delaware
HCPI/Tennessee, LLC (85.96%)			10	Delaware
HCPI Trust			1	Maryland
HCPI/Utah, LLC (71.70%)			1	Delaware
HCPI/Utah II, LLC (67.76%)			2	Delaware
Health Care Property Partners (77.07%)			—	California
Louisiana-Two Associates, LLC (80%)			—	California
Ocean Acquisition 1, Inc.			223	Maryland
Perris-Cal Associates, LLC (80%)			—	California
Statesboro Associates, LLC (80%)			—	California
Texas HCP, Inc.			5	Maryland
Texas HCP Holding, LP (99%)			6	Delaware
Vista Cal Associates, LLC (80%)			—	California

HCP, Inc.

SUBSIDIARIES (Continued)

Unconsolidated Subsidiaries			Number of Omitted Subsidiaries		Organized Under Laws of
Edgewood Assisted Living Center, LLC (45%)				N/A	Michigan
HCP Ventures II Member, LLC				N/A	Delaware
	HCP HB2 Greenwich-East West Bay
		Olympia Fields, LLC (35%)		N/A	Delaware
	HCP HB2 Waterside Retirement Estates, LLC (35%)			N/A	Delaware
	HCP HB2 Carrington-Cherry Hills, LLC (35%)			N/A	Delaware
	HCP HB2 Park at Golf Mill, LLC (35%)			N/A	Delaware
	HCP HB2 Heritage Palmeras, LLC (35%)			N/A	Delaware
	HCP HB2 Manor-Pointe Newport Place, LLC (35%)			N/A	Delaware
	HCP HB2 Prosperity Oaks, LLC (35%)			N/A	Delaware
	HCP HB2 Pinecrest Place, LLC (35%)			N/A	Delaware
	HCP HB2 North Bay Manor, LLC (35%)			N/A	Delaware
	HCP HB2 South Bay Manor, LLC (35%)			N/A	Delaware
	HCP HB2 Emerald Bay Manor, LLC (35%)			N/A	Delaware
	HCP HB2 Herons Run, LLC (35%)			N/A	Delaware
	HCP HB2 Sakonnet Bay Manor (35%)			N/A	Delaware
	HCP HB2 Park at Vernon Hills, LLC (35%)			N/A	Delaware
	HCP HB3 Terrace Memorial City, LLC (35%)			N/A	Delaware
	HCP HB3 Spring Shadows Place, LLC (35%)			N/A	Delaware
	HCP HB3 Terrace West, LLC (35%)			N/A	Delaware
	HCP HB3 Willowbrook, LLC (35%)			N/A	Delaware
	HCP HB3 Clear Lake, LLC (35%)			N/A	Delaware
	HCP HB3 First Colony, LLC (35%)			N/A	Delaware
HCP Ventures IV, LLC (20%)				N/A	Delaware
HCP Ventures III, LLC (30%)				N/A	Delaware
Seminole Shores Living Center, LLC (50%)				N/A	Michigan
Suburban Properties, LLC (66.67%)				N/A	Kentucky
Britannia Biotech Gateway				N/A	Delaware
	Britannia Gateway II Limited Partnership (55%)			N/A	Delaware
	Britannia Biotech Gateway Limited Partnership (55%)			N/A	Delaware
LASDK Limited Partnership (62.5%)				N/A	Delaware
Torrey Pines Science Center Limited Partnership (50%)				N/A	Delaware

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Exhibit 21.1

HCP, Inc. SUBSIDIARIES