8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  September 18, 2007

HCP, INC.

(Exact Name of Registrant as Specified in its Charter)

Maryland	001-08895	33-0091377
(State or Other Jurisdiction of Incorporation or Organization)	(Commission File Number)	(I.R.S. Employer Identification No.)
3760 Kilroy Airport Way, Suite 300
Long Beach, California		90806
(Address of Principal Executive Offices)		(Zip Code)
(562) 733-5100
(Registrant’s Telephone Number, Including Area Code)
Not applicable
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 240.425)

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b)HCP, Inc. (“HCP”) announced on September 20, 2007 that Stephen R. Maulbetsch has resigned, effective as of the close of business on September 18, 2007, as HCP’s Executive Vice President—Strategic Development.  The press release announcing the resignation is attached hereto as Exhibit 99.1.

Item 9.01Financial Statements and Exhibits.

(d)Press Release dated September 20, 2007.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		HCP, INC.
		(Registrant)
Date:  September 20, 2007	By:	/s/ Edward J. Henning
		Edward J. Henning
		Executive Vice President, General Counsel
		and Corporate Secretary

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EXHIBIT INDEX

Attached as an exhibit to this Current Report on Form 8-K is the document listed below:

Exhibit No.	Description
99.1	Press Release dated September 20, 2007.

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EX-99.1

Exhibit 99.1

HCP ANNOUNCES RESIGNATION OF STEPHEN R. MAULBETSCH

LONG BEACH, CA — September 20, 2007 — HCP (NYSE: HCP) today announced that Stephen R. Maulbetsch has resigned, effective as of the close of business on September 18, 2007, as HCP’s Executive Vice President—Strategic Development to attend to personal matters.

“Steve has been instrumental in building and positioning HCP as one of the premier companies in the real estate investment trust industry during his 22 years of service.  We are grateful for his contributions to HCP and wish him the best of luck in his future endeavors,” said Jay Flaherty, the Company’s Chairman and Chief Executive Officer.

# # # # #

HCP, Inc. is a self-administered REIT that invests directly or through joint ventures in healthcare facilities. As of June 30, 2007, the Company’s portfolio of properties, excluding assets held for sale but including investments through joint ventures and mortgage loans, included 675 properties and consisted of 273 senior housing facilities, 265 medical office buildings, 42 hospitals, 66 skilled nursing facilities and 29 other healthcare facilities. For more information on the Company, visit the Company’s website at www.hcpi.com.

Contact:

Mark A. Wallace
Executive Vice President—Chief Financial Officer and Treasurer
562-733-5100