HCP announced that on December 30, 2016, its Board of Directors elected Tom Herzog as Chief Executive Officer and as a member of the Board. The Board also elected Justin Hutchens as President. Both elections were effective January 1, 2017.

Mr. Herzog previously served as Chief Financial Officer (CFO) since rejoining the Company in June 2016, and also served as the Company's CFO from 2009 to 2011. He will report to Mike McKee, HCP's Executive Chairman. Mr. Hutchens will report to Mr. Herzog Mr. Herzog served as CFO of HCP from June 2016 through December 2016.

From January 2013 until joining HCP in June 2016, he was CFO of UDR, Inc. Mr. Hutchens has been with HCP since September 2015, most recently as Executive Vice President and Chief Investment Officer. Prior to joining HCP, Mr. Hutchens was President and Chief Executive Officer of National Health Investors, Inc.