Other Real Estate Property Investments

6 Months Ended

Jun. 30, 2012

Other Real Estate Property Investments

Other Real Estate Property Investments

(4)Other Real Estate Property Investments

A summary of real estate acquisitions for the six months ended June 30, 2012 follows (in thousands):

	Consideration				Assets Acquired
Segment	Cash Paid		Noncontrolling Interest		Real Estate		Net Intangibles
Life science	$	7,970	$	80	$	7,580	$	470
Hospital	3,000		—		3,000		—
	$	10,970	$	80	$	10,580	$	470

During the six months ended June 30, 2012, the Company funded an aggregate of $79 million for construction, tenant and other capital improvement projects, primarily in its life science and medical office segments.

A summary of real estate acquisitions for the six months ended June 30, 2011 follows (in thousands):

	Consideration						Assets Acquired
Segment	Cash Paid		Debt Assumed		Noncontrolling Interest		Real Estate		Net Intangibles
Life science	$	84,047	$	48,252	$	—	$	126,610	$	5,689
Medical office	29,743		—		1,500		26,191		5,052
	$	113,790	$	48,252	$	1,500	$	152,801	$	10,741

See discussion of the January 2011 purchase and consolidation of HCP Ventures II in Note 8.

During the six months ended June 30, 2011, the Company funded an aggregate of $54 million for construction, tenant and other capital improvement projects, primarily in its life science and medical office segments. During the six months ended June 30, 2011, two of the Company’s life science facilities located in South San Francisco were placed in service representing 88,000 square feet.