Real Estate Property Investments (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of real estate acquisitions (in thousands)

A summary of real estate acquisitions for the six months ended June 30, 2016 follows (in thousands):


	Consideration				Assets Acquired(1)
			Liabilities				Net
Segment	Cash Paid		Assumed		Real Estate		Intangibles
Senior housing	$	76,362	$	1,200	$	71,875	$	5,687
Post-acute/skilled nursing		17,909		—		16,596		1,313
	$	94,271	$	1,200	$	88,471	$	7,000

(1)

The purchase price allocation is preliminary and may be subject to change.

A summary of real estate acquisitions for the six months ended June 30, 2015 follows (in thousands):


	Consideration							Assets Acquired
				Liabilities		Noncontrolling				Net
Segment	Cash Paid			Assumed		Interest		Real Estate		Intangibles
Senior housing	$	178,888	(1)	$	821	$	3,885	$	166,732	$	16,862
Post-acute/skilled nursing		178,707	(1)		—		—		151,663		27,044
Medical office		377,351			12,851		—		349,650		40,552
	$	734,946		$	13,672	$	3,885	$	668,045	$	84,458

(1)Includes £174 million ($254 million) of the Company’s HC-One Facility (see Note 6) converted to fee ownership in a portfolio of 36 care homes located throughout the United Kingdom (“U.K.”).

Schedule of unaudited pro forma consolidated results of operations (in thousands, except per share amounts)

The following unaudited pro forma consolidated results of operations assume that the RIDEA III acquisition was completed as of January 1, 2014 (in thousands, except per share data):



	Three Months Ended		Six Months Ended
	June 30, 2015		June 30, 2015
Revenues	$	651,095	$	1,305,449
Net income (loss)		171,653		(61,945)
Net income (loss) applicable to HCP, Inc.		168,400		(68,700)
Basic earnings per common share		0.36		(0.15)
Diluted earnings per common share		0.36		(0.15)

Schedule of capital improvements (in thousands)

The following table summarizes the Company’s funding for construction, tenant and other capital improvements (in thousands):


	Six Months Ended June 30,
Segment	2016		2015
Senior housing	$	65,290	$	36,826
Post-acute/skilled nursing		4,518		2,492
Life science		97,348		50,548
Medical office		55,391		49,534
Hospital		—		37
	$	222,547	$	139,437