Sector: Front Runners
Latest Quote @ Thu Dec 12 21:35:56 (15 min delayed)
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Health Care Property Investors, Inc., a real estate investment trust (REIT), invests directly or through joint ventures, and mortgage loans, in health care related properties located in the United States. The company acquires health care facilities and leases them to health care providers. It also provides mortgage financing on health care facilities. As of December 31, 2004, the company's portfolio of investments consists of 527 properties, including 29 hospitals, 171 skilled nursing facilities, 119 assisted living and continuing care retirement communities, 184 medical office buildings, and 24 other health care facilities. Health Care Property Investors has elected to qualify as a REIT. As a REIT, the company is not subject to federal income tax on its taxable income as long as it distributes at least 90% of its REIT taxable income. The company was organized in 1985 and is headquartered in Long Beach, California.