Health Care Property Investors Inc., a real estate investment trust based in Long Beach, Calif., has announced that it is changing its name to HCP Inc., effective on or about Sept. 7.The REIT said its portfolio has grown from two acute care hospitals and 22 skilled nursing homes in 1985 to assets of approximately $13 billion (upon the closing of the acquisition of Slough Estates USA Inc.) concentrated in private-pay senior housing facilities, life science campuses, and medical office buildings. "The new name recognizes the evolution of the company's real estate portfolio and operating platforms," the REIT said. The company can be found on the Web at http://www.hcpi.com.
-
Median purchase loan payments hit $2,198 in May, up 2.1% from April, as rising rates and home prices threaten to dampen origination volume, MBA reports.
1h ago -
Experts aren't forecasting immediate relief and instead are citing silver linings in rate certainty and greater mortgage demand as compared to the same time last year.
1h ago -
Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday morning that the central bank recently finalized a new organizational structure for its supervision and regulation division.
3h ago -
Almost 75% of brokers reported growing non-QM volume in their business over the last three years, and just 3.7% said volume decreased, according to AD Mortgage.
3h ago -
The Bureau of Economic Analysis' personal consumption expenditures inflation report for May showed that inflation had risen 4.1%, meeting elevated expectations and casting further doubt on the prospects of near-term interest rate cuts from the Federal Reserve.
5h ago -
Critics of the OCC's broad preemption stance say the OCC is resurrecting an approach Congress curtailed after the financial crisis, setting up another Supreme Court test over the balance between federal banking powers and state consumer protections.
8h ago










