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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
HCP DR Alabama, LLC (73.18%)				—	Delaware
	Pace MOB, LLC			—	Alabama
	SHAC, LLC			—	Alabama
HCP DR California, LLC (98.02%)				—	Delaware
	HCP CTE, LP (99.9%)			—	Delaware
	HCP Pleasant, LLC			—	Delaware
HCP DR MCD, LLC (61.56%)				—	Delaware
	HCP MCD TRS, LLC			—	Delaware
HCP EGP, Inc.				1	Delaware
	HCP ETE, L.P. (99.9%)			—	Delaware
HCP Life Science REIT, Inc.				2	Maryland
AHP of Washington, Inc				—	Washington
	HCP Estates USA Inc.			39	Delaware
		Britannia Pointe Grand Limited Partnership		—	Delaware
		HCP BTC, LLC		—	Delaware
		HCP SSF, LLC		—	Delaware
HCP Mezzanine Lender, LLC				1	Delaware
HCP Mortgage Lender LLC				—	Delaware
HCP MOP Member, LLC				98	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 (87.63%)				10	Delaware
HCPI Trust				—	Maryland
	HCP Birmingham Portfolio, LLC (85%)			—	Delaware
HCPI/Utah, LLC (72.03%)				—	Delaware
	Davis North I, LLC			—	Delaware
HCPI/Utah II, LLC (67.97%)				—	Delaware
	HCPI/Stansbury, LLC			—	Delaware
	HCPI/Wesley, LLC			—	Delaware
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 Holding, LP (99%)				6	Delaware
Vista Cal Associates, LLC (80%)				—	California

Unconsolidated Subsidiaries		Number of Omitted Subsidiaries	Organized Under Laws of
Edgewood Assisted Living Center, LLC (45%)		N/A	Michigan
Horizon Bay Hyde Park, LLC (75%)		N/A	Delaware
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 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