Other Real Estate Property Investments

9 Months Ended

Sep. 30, 2011

Other Real Estate Property Investments

Other Real Estate Property Investments

(4)Other Real Estate Property Investments

A summary of other real estate acquisitions for the nine months ended September 30, 2011 follows (in thousands):

	Consideration						Assets Acquired
Segment	Cash Paid		Debt Assumed		Noncontrolling Interest		Real Estate		Net Intangibles
Life science	$	84,087	$	57,869	$	—	$	133,040	$	8,916
Medical office	29,743		—		1,500		26,191		5,052
	$	113,830	$	57,869	$	1,500	$	159,231	$	13,968

See discussion of the purchase and consolidation of HCP Ventures II in Note 8.

During the nine months ended September 30, 2011, the Company funded an aggregate of $87 million for construction, tenant and other capital improvement projects, primarily in its life science and medical office segments. During the nine months ended September 30, 2011, two of the Company’s life science facilities located in South San Francisco were placed in service representing 88,000 square feet.

A summary of real estate acquisitions for the nine months ended September 30, 2010 follows (in thousands):

	Consideration						Assets Acquired
Segment	Cash Paid		Debt Assumed		DownREIT Units(1)		Real Estate		Net Intangibles
Senior housing	$	124,935	$	—	$	—	$	124,565	$	370
Life science	21,843		—		7,341		23,998		5,186
Medical office	12,017		5,352		1,926		15,734		3,561
	$	158,795	$	5,352	$	9,267	$	164,297	$	9,117

(1)Non-managing member limited liability company units.

During the nine months ended September 30, 2010, the Company funded an aggregate of $97 million for construction, tenant and other capital improvement projects, primarily in its life science segment. During the nine months ended September 30, 2010, four of the Company’s life science facilities located in South San Francisco were placed into service representing 354,000 square feet.