IRVINE, Calif., Sept. 15, 2017 /PRNewswire/ -- HCP, Inc.
(NYSE: HCP) today provided an update on the impact from Hurricane
Irma.
HCP's preliminary assessment indicates that its assets in the
impacted regions incurred either no or limited wind, flood or other
storm-related damage. Utility power has been restored at all
but one property.
"The care and safety of our residents continues to be the
primary focus of both HCP and our operators," said Tom Klaritch, HCP's Chief Operating Officer.
HCP's assets are covered by property and business
interruption insurance and the Company expects all damages will be
insured under its existing policies subject to normal
deductibles. As HCP completes its assessment, it will provide
additional updates in the event of any material
changes.
About HCP
HCP, Inc. is a fully integrated real estate investment trust
(REIT) that invests primarily in real estate serving the healthcare
industry in the United States. HCP owns a large-scale
portfolio diversified across multiple sectors, led by senior
housing, life science and medical office. Recognized as a
global leader in sustainability, HCP has been a publicly-traded
company since 1985 and was the first healthcare REIT selected to
the S&P 500 index. For more information regarding HCP,
visit www.hcpi.com.
Forward-Looking Statements
Statements in this release that are not historical factual
statements are "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These
statements include, among other things, statements relating to our
expectations concerning Hurricane Irma's impact on our assets and
business and expected insurance coverage. All forward-looking
statements are made as of the date hereof, are not guarantees of
future performance and are subject to known and unknown risks,
uncertainties, assumptions and other factors — many of which are
out of our and our management's control and difficult to forecast —
that could cause actual results to differ materially from those set
forth in or implied by such forward-looking statements. These
risks and uncertainties include but are not limited to the
aforementioned statements, as well as risks described from time to
time in our filings with the U.S. Securities and Exchange
Commission. You should not place undue reliance on any
forward-looking statements. We assume no, and hereby disclaim
any, obligation to update any forward-looking statements as a
result of new information or new or future developments, except as
otherwise required by law.
Contact
Andrew Johns
Vice President – Finance and Investor Relations
(949) 407-0400
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SOURCE HCP, Inc.