Item 15. Exhibits, Financial Statement Schedules

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Item 15. Exhibits, Financial Statement Schedules

(a) 1. Financial Statement Schedules

Schedule II: Valuation and Qualifying Accounts


Allowance Accounts(1)			Additions				Deductions
			Amounts
	Balance at		Charged				Uncollectible
Year Ended	Beginning of		Against		Acquired		Accounts		Disposed		Balance at
December 31,	Year		Operations, net		Properties		Written-off		Properties		End of Year
2016	$	36,180	$	1,177	$	—	$	(2,843)	$	(4,996)	$	29,518
2015		50,531		3,174		—		(17,209)		(316)		36,180
2014		48,136		5,600		—		(2,512)		(693)		50,531

	(1)		Includes allowance for doubtful accounts, straight-line rent reserves, and allowances for loan and direct financing lease losses and excludes discontinued operations of $818 million and $1 million for the years ended December 31, 2015 and 2014, respectively.

Schedule III: Real Estate and Accumulated Depreciation


									Costs											Life on Which
									Capitalized		Gross Amount at Which Carried									Depreciation in
					Initial Cost to Company				Subsequent		As of December 31, 2016								Year	Latest Income
			Encumbrances at				Buildings and		to				Buildings and				Accumulated		Acquired/	Statement is
City		State	December 31, 2016		Land		Improvements		Acquisition		Land		Improvements		Total(1)		Depreciation		Constructed	Computed
Senior housing triple-net
1107	Huntsville	AL	$	—	$	307	$	5,813	$	307	$	307	$	5,453	$	5,760	$	(1,397)	2006	40
0786	Douglas	AZ		—		110		703		110		110		703		813		(345)	2005	35
0518	Tucson	AZ		—		2,350		24,037		2,350		2,350		24,037		26,387		(10,616)	2002	30
1238	Beverly Hills	CA		—		9,872		32,590		9,872		9,872		37,584		47,456		(10,270)	2006	40
0883	Carmichael	CA		—		4,270		13,846		4,270		4,270		13,236		17,506		(3,337)	2006	40
2204	Chino Hills	CA		—		3,720		41,183		3,720		3,720		41,183		44,903		(3,555)	2014	35
0851	Citrus Heights	CA		—		1,180		8,367		1,180		1,180		8,037		9,217		(2,834)	2006	29
2092	Clearlake	CA		—		354		4,799		354		354		5,086		5,440		(699)	2012	45
0790	Concord	CA		25,000		6,010		39,601		6,010		6,010		38,301		44,311		(10,918)	2005	40
0787	Dana Point	CA		—		1,960		15,946		1,960		1,960		15,466		17,426		(4,414)	2005	39
0798	Escondido	CA		14,340		5,090		24,253		5,090		5,090		23,353		28,443		(6,666)	2005	40
2054	Fortuna	CA		—		818		3,295		818		818		3,309		4,127		(1,249)	2012	50
2079	Fortuna	CA		—		1,346		11,856		1,346		1,346		11,954		13,300		(3,231)	2012	45
0791	Fremont	CA		—		2,360		11,672		2,360		2,360		11,192		13,552		(3,195)	2005	40
0788	Granada Hills	CA		—		2,200		18,257		2,200		2,200		17,637		19,837		(5,034)	2005	39
0227	Lodi	CA		—		732		5,453		278		732		5,453		6,185		(2,852)	1997	35
0226	Murietta	CA		—		435		5,729		230		435		5,729		6,164		(2,929)	1997	35
1165	Northridge	CA		—		6,718		26,309		6,752		6,752		28,058		34,810		(7,305)	2006	40
1168	Palm Springs	CA		—		1,005		5,183		1,005		1,005		5,344		6,349		(1,590)	2006	40
0789	Pleasant Hill	CA		6,270		2,480		21,333		2,480		2,480		20,633		23,113		(5,889)	2005	40
2205	Roseville	CA		—		3,844		33,527		3,844		3,844		33,527		37,371		(2,839)	2014	35
1167	Santa Rosa	CA		—		3,582		21,113		3,627		3,627		22,008		25,635		(5,853)	2006	40
0793	South San Francisco	CA		—		3,000		16,586		3,000		3,000		16,056		19,056		(4,577)	2005	40
0792	Ventura	CA		—		2,030		17,379		2,030		2,030		16,749		18,779		(4,781)	2005	40
2055	Yreka	CA		—		565		9,184		565		565		9,549		10,114		(1,324)	2012	45
0512	Denver	CO		—		2,810		36,021		2,810		2,810		37,906		40,716		(16,469)	2002	30
1000	Greenwood Village	CO		—		3,367		43,610		3,367		3,367		45,708		49,075		(10,783)	2006	40
2144	Glastonbury	CT		—		1,658		16,046		1,658		1,658		16,355		18,013		(2,059)	2012	45
0730	Torrington	CT		—		166		11,001		166		166		12,106		12,272		(3,348)	2005	40
0861	Apopka	FL		—		920		4,816		920		920		5,470		6,390		(1,501)	2006	35
0852	Boca Raton	FL		—		4,730		17,532		4,730		4,730		22,390		27,120		(6,765)	2006	30
1002	Coconut Creek	FL		—		2,461		16,006		2,461		2,461		15,620		18,081		(3,793)	2006	40
2467	Ft Myers	FL		—		2,782		21,827		2,782		2,782		21,827		24,609		(754)	2016	40
1095	Gainesville	FL		—		1,221		12,226		1,221		1,221		12,001		13,222		(3,075)	2006	40
0490	Jacksonville	FL		—		3,250		25,936		2,400		3,250		32,106		35,356		(11,767)	2002	35
1096	Jacksonville	FL		—		1,587		15,616		1,587		1,587		15,298		16,885		(3,920)	2006	40
1017	Palm Harbor	FL		—		1,462		16,774		1,462		1,462		16,888		18,350		(4,408)	2006	40
0732	Port Orange	FL		—		2,340		9,898		2,340		2,340		10,270		12,610		(2,885)	2005	40
2194	Springtree	FL		—		1,066		15,874		1,066		1,066		17,058		18,124		(2,342)	2013	45
0802	St. Augustine	FL		—		830		11,627		830		830		12,369		13,199		(3,799)	2005	35
1097	Tallahassee	FL		—		1,331		19,039		1,331		1,331		18,695		20,026		(4,791)	2006	40
1605	Vero Beach	FL		—		700		16,234		700		700		15,484		16,184		(2,654)	2010	35
1257	Vero Beach	FL		—		2,035		34,993		2,035		2,035		33,634		35,669		(8,616)	2006	40
1098	Alpharetta	GA		—		793		8,761		793		793		9,529		10,322		(2,351)	2006	40
1099	Atlanta	GA		—		687		5,507		687		687		6,242		6,929		(1,520)	2006	40
2108	Buford	GA		—		562		3,604		562		562		4,029		4,591		(586)	2012	45
2109	Buford	GA		—		536		3,142		536		536		3,374		3,910		(483)	2012	45
2053	Canton	GA		—		401		17,888		401		401		18,263		18,664		(1,859)	2012	50
2165	Hartwell	GA		—		368		6,337		368		368		6,611		6,979		(786)	2012	45
2066	Lawrenceville	GA		—		581		2,669		581		581		2,914		3,495		(496)	2012	45
1241	Lilburn	GA		—		907		17,340		907		907		17,017		17,924		(4,372)	2006	40
1112	Marietta	GA		—		894		6,944		904		904		7,330		8,234		(1,963)	2006	40
2086	Newnan	GA		—		1,227		4,202		1,227		1,227		4,486		5,713		(706)	2012	45
1005	Oak Park	IL		—		3,476		35,259		3,476		3,476		36,575		40,051		(8,604)	2006	40
1162	Orland Park	IL		—		2,623		23,154		2,623		2,623		23,731		26,354		(6,039)	2006	40
1237	Wilmette	IL		—		1,100		9,373		1,100		1,100		9,333		10,433		(2,357)	2006	40
1105	Louisville	KY		—		1,499		26,252		1,513		1,513		25,813		27,326		(6,712)	2006	40
2115	Murray	KY		—		288		7,400		288		288		7,533		7,821		(1,021)	2012	45
1158	Plymouth	MA		—		2,434		9,027		2,438		2,438		9,308		11,746		(2,531)	2006	40
1249	Frederick	MD		—		609		9,158		609		609		9,307		9,916		(2,505)	2006	40
0281	Westminster	MD		—		768		5,251		400		768		6,555		7,323		(2,204)	1998	45
0546	Cape Elizabeth	ME		—		630		3,524		290		630		3,617		4,247		(1,247)	2003	40
0545	Saco	ME		—		80		2,363		(90)		80		2,518		2,598		(864)	2003	40
1258	Auburn Hills	MI		—		2,281		10,692		2,161		2,281		10,692		12,973		(2,740)	2006	40
1248	Farmington Hills	MI		—		1,013		12,119		1,013		1,013		12,522		13,535		(3,324)	2006	40
1259	Sterling Heights	MI		—		1,593		11,500		1,593		1,593		11,181		12,774		(2,865)	2006	40
1235	Des Peres	MO		—		4,361		20,664		4,361		4,361		20,510		24,871		(5,166)	2006	40
1236	Richmond Heights	MO		—		1,744		24,232		1,744		1,744		23,838		25,582		(6,055)	2006	40
0853	St. Louis	MO		—		2,500		20,343		2,500		2,500		19,853		22,353		(7,004)	2006	30
2074	Oxford	MS		—		2,003		14,140		2,003		2,003		14,315		16,318		(1,663)	2012	45
0878	Charlotte	NC		—		710		9,559		710		710		9,159		9,869		(2,309)	2006	40
2465	Charlotte	NC		—		1,373		10,774		1,373		1,373		10,774		12,147		(372)	2016	40
1119	Concord	NC		—		601		7,615		612		612		7,484		8,096		(1,973)	2006	40
2468	Franklin	NC		—		1,082		8,489		1,082		1,082		8,489		9,571		(293)	2016	40
2126	Mooresville	NC		—		2,538		37,617		2,538		2,538		38,653		41,191		(4,162)	2012	50
2466	Raeford	NC		—		1,304		10,230		1,304		1,304		10,230		11,534		(354)	2016	40
1254	Raleigh	NC		—		1,191		11,532		1,191		1,191		11,617		12,808		(3,069)	2006	40
2127	Minot	ND		—		685		16,047		685		685		16,656		17,341		(1,936)	2012	45
2169	Lexington	NE		—		474		8,405		474		474		8,484		8,958		(1,345)	2012	40
1599	Cherry Hill	NJ		—		2,420		11,042		2,420		2,420		12,633		15,053		(3,020)	2010	25
1239	Cresskill	NJ		—		4,684		53,927		4,684		4,684		53,320		58,004		(13,676)	2006	40
0734	Hillsborough	NJ		—		1,042		10,042		1,042		1,042		9,819		10,861		(2,831)	2005	40
1242	Madison	NJ		—		3,157		19,909		3,157		3,157		19,391		22,548		(4,982)	2006	40
0733	Manahawkin	NJ		—		921		9,927		921		921		10,001		10,922		(2,849)	2005	40
1231	Saddle River	NJ		—		1,784		15,625		1,784		1,784		15,515		17,299		(4,085)	2006	40
0245	Voorhees Township	NJ		—		900		7,629		561		900		8,003		8,903		(3,043)	1998	45
2161	Rio Rancho	NM		—		1,154		13,726		1,154		1,154		13,951		15,105		(1,780)	2012	40
2121	Roswell	NM		—		618		7,038		618		618		7,878		8,496		(1,186)	2012	45
2150	Roswell	NM		—		837		8,614		837		837		9,524		10,361		(1,503)	2012	45
0796	Las Vegas	NV		—		1,960		5,816		1,960		1,960		5,426		7,386		(1,549)	2005	40
2110	Las Vegas	NV		—		667		14,469		667		667		14,935		15,602		(2,063)	2012	45
1252	Brooklyn	NY		—		8,117		23,627		8,117		8,117		23,467		31,584		(6,136)	2006	40
1256	Brooklyn	NY		—		5,215		39,052		5,215		5,215		38,966		44,181		(10,067)	2006	40
2177	Clifton Park	NY		—		2,257		11,470		2,257		2,257		11,470		13,727		(1,535)	2012	50
2174	Orchard Park	NY		—		726		17,735		726		726		17,735		18,461		(2,385)	2012	45
2175	Orchard Park	NY		—		478		11,961		478		478		11,961		12,439		(1,603)	2012	45
1386	Marietta	OH		—		1,069		11,435		1,069		1,069		11,438		12,507		(3,998)	2007	40
1253	Youngstown	OH		—		695		10,444		695		695		10,518		11,213		(2,727)	2006	40
2083	Oklahoma City	OK		—		2,116		28,007		2,116		2,116		29,756		31,872		(3,511)	2012	45
2139	Gresham	OR		—		465		6,403		465		465		6,605		7,070		(874)	2012	50
2182	Hermiston	OR		2,496		582		8,087		582		582		8,087		8,669		(919)	2013	45
2131	Keizer	OR		2,593		551		6,454		551		551		6,454		7,005		(741)	2013	45
2152	McMinnville	OR		—		3,203		24,909		3,203		3,203		28,606		31,809		(4,833)	2012	45
2089	Newberg	OR		—		1,889		16,855		1,889		1,889		17,162		19,051		(1,898)	2012	50
2133	Portland	OR		—		1,615		12,030		1,615		1,615		12,096		13,711		(1,271)	2012	50
2151	Portland	OR		—		1,677		9,469		1,677		1,677		9,783		11,460		(1,449)	2012	45
2171	Portland	OR		—		—		16,087		—		—		16,338		16,338		(1,636)	2012	50
2050	Redmond	OR		—		1,229		21,921		1,229		1,229		22,590		23,819		(2,294)	2012	50


									Costs											Life on Which
									Capitalized		Gross Amount at Which Carried									Depreciation in
					Initial Cost to Company				Subsequent		As of December 31, 2016								Year	Latest Income
			Encumbrances at				Buildings and		to				Buildings and				Accumulated		Acquired/	Statement is
City		State	December 31, 2016		Land		Improvements		Acquisition		Land		Improvements		Total(1)		Depreciation		Constructed	Computed
2084	Roseburg	OR		—		1,042		12,090		1,042		1,042		12,199		13,241		(1,534)	2012	45
2134	Scappoose	OR		—		353		1,258		353		353		1,271		1,624		(212)	2012	50
2153	Scappoose	OR		—		971		7,116		971		971		7,224		8,195		(1,045)	2012	45
2056	Stayton	OR		—		48		569		48		48		587		635		(127)	2012	45
2058	Stayton	OR		—		253		8,621		253		253		8,724		8,977		(1,091)	2012	45
2088	Tualatin	OR		—		—		6,326		—		—		6,625		6,625		(1,073)	2012	45
2180	Windfield Village	OR		2,975		580		9,817		580		580		9,817		10,397		(1,124)	2013	45
1163	Haverford	PA		—		16,461		108,816		16,461		16,461		115,370		131,831		(30,593)	2006	40
2063	Selinsgrove	PA		—		529		9,111		529		529		9,264		9,793		(1,289)	2012	45
1967	Cumberland	RI		—		2,630		19,050		2,630		2,630		19,473		22,103		(4,179)	2011	30
1972	Smithfield	RI		—		1,250		17,816		1,250		1,250		18,134		19,384		(4,047)	2011	30
1973	South Kingstown	RI		—		1,390		12,551		1,390		1,390		12,918		14,308		(2,713)	2011	30
1975	Tiverton	RI		—		3,240		25,735		3,240		3,240		25,955		29,195		(5,347)	2011	30
1104	Aiken	SC		—		357		14,832		363		363		14,395		14,758		(3,716)	2006	40
1100	Charleston	SC		—		885		14,124		896		896		14,031		14,927		(3,710)	2006	40
1109	Columbia	SC		—		408		7,527		412		412		7,414		7,826		(1,930)	2006	40
2154	Florence	SC		—		255		4,052		255		255		4,757		5,012		(760)	2012	45
0306	Georgetown	SC		—		239		3,008		111		239		3,008		3,247		(1,169)	1998	45
0879	Greenville	SC		—		1,090		12,558		1,090		1,090		12,058		13,148		(3,039)	2006	40
0305	Lancaster	SC		—		84		2,982		(54)		84		2,982		3,066		(1,076)	1998	45
0880	Myrtle Beach	SC		—		900		10,913		900		900		10,513		11,413		(2,650)	2006	40
0312	Rock Hill	SC		—		203		2,671		(34)		203		2,671		2,874		(1,018)	1998	45
1113	Rock Hill	SC		—		695		4,119		795		795		4,074		4,869		(1,186)	2006	40
0313	Sumter	SC		—		196		2,623		(47)		196		2,623		2,819		(1,020)	1998	45
2067	West Columbia	SC		—		220		2,662		220		220		3,345		3,565		(575)	2012	45
2132	Cordova	TN		—		2,167		5,829		2,167		2,167		6,309		8,476		(927)	2012	45
2060	Franklin	TN		—		2,475		27,337		2,475		2,475		28,456		30,931		(3,200)	2012	45
2073	Kingsport	TN		—		1,113		8,625		1,113		1,113		8,873		9,986		(1,114)	2012	45
1003	Nashville	TN		—		812		16,983		812		812		18,759		19,571		(4,201)	2006	40
0843	Abilene	TX		—		300		2,830		300		300		2,710		3,010		(717)	2006	39
2107	Amarillo	TX		—		1,315		26,838		1,315		1,315		27,256		28,571		(3,006)	2012	45
1116	Arlington	TX		—		2,494		12,192		2,540		2,540		11,847		14,387		(3,151)	2006	40
0511	Austin	TX		—		2,960		41,645		2,960		2,960		41,645		44,605		(18,393)	2002	30
2075	Bedford	TX		—		1,204		26,845		1,204		1,204		28,184		29,388		(3,187)	2012	45
0844	Burleson	TX		—		1,050		5,242		1,050		1,050		4,902		5,952		(1,297)	2006	40
0848	Cedar Hill	TX		—		1,070		11,554		1,070		1,070		11,104		12,174		(2,938)	2006	40
1325	Cedar Hill	TX		—		440		7,494		440		440		6,974		7,414		(1,700)	2007	40
0506	Friendswood	TX		—		400		7,354		79		400		7,493		7,893		(2,392)	2002	45
0217	Houston	TX		—		835		7,195		835		835		7,344		8,179		(3,083)	1997	45
1106	Houston	TX		—		1,008		15,333		1,020		1,020		15,052		16,072		(3,923)	2006	40
0845	North Richland Hills	TX		—		520		5,117		520		520		4,807		5,327		(1,272)	2006	40
0846	North Richland Hills	TX		—		870		9,259		870		870		8,819		9,689		(2,667)	2006	35
2162	Portland	TX		—		1,233		14,001		1,233		1,233		14,768		16,001		(1,901)	2012	45
2116	Sherman	TX		—		209		3,492		209		209		3,616		3,825		(506)	2012	45
0847	Waxahachie	TX		—		390		3,879		390		390		3,659		4,049		(968)	2006	40
2470	Abingdon	VA		—		1,584		12,431		1,584		1,584		12,431		14,015		(430)	2016	40
1244	Arlington	VA		—		3,833		7,076		3,833		3,833		7,643		11,476		(1,990)	2006	40
1245	Arlington	VA		—		7,278		37,407		7,278		7,278		38,069		45,347		(9,606)	2006	40
0881	Chesapeake	VA		—		1,090		12,444		1,090		1,090		11,944		13,034		(3,011)	2006	40
1247	Falls Church	VA		—		2,228		8,887		2,228		2,228		9,221		11,449		(2,416)	2006	40
1164	Fort Belvoir	VA		—		11,594		99,528		11,594		11,594		107,339		118,933		(28,542)	2006	40
1250	Leesburg	VA		—		607		3,236		607		607		3,210		3,817		(2,926)	2006	35
1246	Sterling	VA		—		2,360		22,932		2,360		2,360		23,162		25,522		(6,030)	2006	40
2077	Sterling	VA		—		1,046		15,788		1,046		1,046		16,102		17,148		(1,748)	2012	45
0225	Woodbridge	VA		—		950		6,983		775		950		8,441		9,391		(3,118)	1997	45
1173	Bellevue	WA		—		3,734		16,171		3,737		3,737		16,168		19,905		(4,199)	2006	40
2095	College Place	WA		—		758		8,051		758		758		8,341		9,099		(1,096)	2012	45
1240	Edmonds	WA		—		1,418		16,502		1,418		1,418		16,106		17,524		(4,144)	2006	40
2160	Kenmore	WA		—		3,284		16,641		3,284		3,284		16,949		20,233		(1,864)	2012	45
0797	Kirkland	WA		—		1,000		13,403		1,000		1,000		13,043		14,043		(3,723)	2005	40
1251	Mercer Island	WA		—		4,209		8,123		4,209		4,209		8,201		12,410		(2,086)	2006	40
2141	Moses Lake	WA		—		429		4,417		429		429		4,569		4,998		(868)	2012	50
2096	Poulsbo	WA		—		1,801		18,068		1,801		1,801		18,236		20,037		(2,186)	2012	45
2102	Richland	WA		—		249		5,067		249		249		5,186		5,435		(603)	2012	45
0794	Shoreline	WA		—		1,590		10,671		1,590		1,590		10,261		11,851		(2,929)	2005	40
0795	Shoreline	WA		—		4,030		26,421		4,030		4,030		25,651		29,681		(7,254)	2005	39
2097	Spokane	WA		—		903		5,363		903		903		5,509		6,412		(849)	2012	45
2061	Vancouver	WA		—		513		4,556		513		513		4,710		5,223		(696)	2012	45
2062	Vancouver	WA		—		1,498		9,997		1,498		1,498		10,127		11,625		(1,173)	2012	45
2052	Yakima	WA		—		557		5,897		557		557		6,035		6,592		(732)	2012	50
2078	Yakima	WA		—		353		5,668		353		353		5,685		6,038		(628)	2012	45
2114	Yakima	WA		—		721		8,872		721		721		10,218		10,939		(1,498)	2012	45
2170	Madison	WI		—		834		10,050		834		834		10,408		11,242		(1,356)	2012	40
2117	Bridgeport	WV		—		3,174		15,437		3,174		3,174		15,815		18,989		(2,397)	2012	45
2148	Sheridan	WY		—		915		12,047		915		915		13,147		14,062		(1,599)	2012	45
			$	53,674	$	320,682	$	2,686,038	$	316,894	$	320,982	$	2,746,728	$	3,067,710	$	(624,171)
Senior housing operating portfolio
2366	Little Rock	AR		—		1,922		14,140		2,046		2,046		15,630		17,676		(4,097)	2006	45
2384	Prescott	AZ		—		1,276		8,660		1,276		1,276		10,870		12,146		(1,730)	2006	45
1974	Sun City	AZ		25,940		2,640		33,223		2,640		2,640		35,006		37,646		(7,517)	2011	30
2362	Camarillo	CA		—		5,798		19,427		5,822		5,822		19,655		25,477		(5,271)	2006	45
2352	Carlsbad	CA		—		7,897		14,255		7,897		7,897		15,452		23,349		(3,890)	2006	45
2399	Corona	CA		—		2,637		10,134		2,637		2,637		10,522		13,159		(1,408)	2012	45
2364	Elk Grove	CA		—		2,235		6,339		2,235		2,235		7,398		9,633		(1,873)	2006	45
1965	Fresno	CA		17,994		1,730		31,918		1,730		1,730		33,445		35,175		(7,009)	2011	30
2593	Irvine	CA		—		8,220		14,104		8,220		8,220		13,685		21,905		(3,141)	2006	45
2369	Rancho Mirage	CA		—		1,798		24,053		1,811		1,811		25,460		27,271		(6,281)	2006	45
2380	Roseville	CA		—		692		21,662		692		692		22,374		23,066		(2,380)	2012	45
2353	San Diego	CA		—		6,384		32,072		6,384		6,384		32,886		39,270		(8,306)	2006	45
2354	San Juan Capistrano	CA		—		5,983		9,614		5,983		5,983		11,357		17,340		(2,827)	2006	45
1966	Sun City	CA		13,623		2,650		22,709		2,650		2,650		26,011		28,661		(5,960)	2011	30


									Costs											Life on Which
									Capitalized		Gross Amount at Which Carried									Depreciation in
					Initial Cost to Company				Subsequent		As of December 31, 2016								Year	Latest Income
			Encumbrances at				Buildings and		to				Buildings and				Accumulated		Acquired/	Statement is
City		State	December 31, 2016		Land		Improvements		Acquisition		Land		Improvements		Total(1)		Depreciation		Constructed	Computed
2505	Arvada	CO		—		1,788		29,896		1,788		1,788		30,553		32,341		(1,575)	2015	35
2506	Boulder	CO		—		2,424		36,746		2,424		2,424		37,056		39,480		(1,471)	2015	35
2373	Colorado Springs	CO		—		1,910		24,479		1,910		1,910		25,601		27,511		(6,526)	2006	45
2515	Denver	CO		—		2,311		18,645		2,311		2,311		20,118		22,429		(1,443)	2015	35
2507	Englewood	CO		—		6,857		102,524		6,857		6,857		106,438		113,295		(4,376)	2015	35
2508	Lakewood	CO		—		4,384		60,795		4,384		4,384		62,227		66,611		(2,872)	2015	35
2509	Lakewood	CO		—		2,296		37,236		2,296		2,296		38,337		40,633		(1,464)	2015	35
2355	Woodbridge	CT		—		2,352		9,929		2,363		2,363		11,259		13,622		(2,828)	2006	45
2519	Altamonte Springs	FL		—		2,537		19,186		2,537		2,537		18,806		21,343		(3,104)	2015	35
2521	Altamonte Springs	FL		—		—		—		—		—		2,036		2,036		(71)	2015	35
2603	Boca Raton	FL		—		2,415		17,923		2,415		2,415		17,561		19,976		(4,264)	2006	40
1963	Boynton Beach	FL		26,735		2,550		31,521		2,550		2,550		34,419		36,969		(7,488)	2011	30
1964	Boynton Beach	FL		3,743		570		5,649		570		570		7,543		8,113		(2,131)	2011	30
2602	Boynton Beach	FL		—		1,270		4,773		1,270		1,270		4,855		6,125		(1,652)	2003	40
2520	Clearwater	FL		—		2,250		2,627		2,250		2,250		2,835		5,085		(950)	2015	35
2601	Delray Beach	FL		—		850		6,637		850		850		6,688		7,538		(2,065)	2002	43
2517	Ft Lauderdale	FL		—		2,867		43,126		2,867		2,867		45,056		47,923		(2,647)	2015	35
2351	Gainesville	FL		—		1,020		13,490		1,020		1,020		13,879		14,899		(3,510)	2015	50
2518	Lake Worth	FL		—		1,669		13,267		1,669		1,669		14,224		15,893		(1,102)	2015	35
2592	Lantana	FL		—		3,520		26,452		3,520		3,520		25,802		29,322		(8,910)	2006	30
1968	Largo	FL		46,893		2,920		64,988		2,920		2,920		74,115		77,035		(16,631)	2011	30
2522	Lutz	FL		—		902		15,169		—		902		16,066		16,968		(689)	2015	35
2523	Orange City	FL		—		912		9,724		912		912		10,398		11,310		(615)	2015	35
1970	Palm Beach Gardens	FL		25,822		4,820		24,937		4,820		4,820		42,405		47,225		(8,592)	2011	30
2524	Port St Lucie	FL		—		893		10,333		893		893		11,079		11,972		(718)	2015	35
1971	Sarasota	FL		21,620		3,050		29,516		3,050		3,050		34,272		37,322		(7,659)	2011	30
2525	Sarasota	FL		—		1,426		16,079		1,426		1,426		16,657		18,083		(1,081)	2015	35
2526	Tamarac	FL		—		970		16,037		970		970		16,720		17,690		(757)	2015	35
2513	Venice	FL		—		1,140		20,662		1,140		1,140		22,176		23,316		(1,042)	2015	35
2527	Vero Beach	FL		—		1,048		17,392		1,048		1,048		18,269		19,317		(811)	2015	35
1976	West Palm Beach	FL		—		390		2,241		390		390		2,479		2,869		(593)	2011	30
2370	Atlanta	GA		—		2,665		5,911		2,669		2,669		6,723		9,392		(1,882)	2006	45
2388	Buford	GA		—		1,987		6,561		1,987		1,987		7,122		9,109		(1,024)	2012	45
2395	Marietta	GA		—		987		4,818		987		987		5,008		5,995		(736)	2012	45
2397	Sioux City	IA		—		197		8,078		197		197		8,637		8,834		(1,177)	2012	45
2375	Burr Ridge	IL		—		2,640		23,901		2,704		2,704		27,326		30,030		(6,556)	2006	45
2200	Deer Park	IL		—		4,172		2,417		1,803		4,220		44,775		48,995		(916)	2014	*
2594	Mount Vernon	IL		—		296		15,935		512		512		19,347		19,859		(4,584)	2006	40
1969	Niles	IL		24,749		3,790		32,912		3,790		3,790		37,624		41,414		(8,837)	2011	30
1961	Olympia Fields	IL		27,968		4,120		29,400		4,120		4,120		32,403		36,523		(6,976)	2011	30
2376	Prospect Heights	IL		—		2,680		20,299		2,725		2,725		23,432		26,157		(5,579)	2010	45
2367	Schaumburg	IL		—		1,701		12,037		1,704		1,704		14,565		16,269		(3,238)	2006	45
1952	Vernon Hills	IL		41,043		4,900		45,854		4,900		4,900		50,932		55,832		(10,808)	2011	30
2595	Indianapolis	IN		—		1,197		7,718		1,197		1,197		7,546		8,743		(1,918)	2006	40
2596	W Lafayette	IN		—		813		10,876		813		813		10,706		11,519		(2,723)	2006	40
2371	Edgewood	KY		—		1,868		4,934		1,915		1,915		7,328		9,243		(1,628)	2006	45
2358	Danvers	MA		—		4,616		30,692		4,621		4,621		31,418		36,039		(8,045)	2006	45
2363	Dartmouth	MA		—		3,145		6,880		3,176		3,176		8,183		11,359		(2,067)	2006	45
2357	Dedham	MA		—		3,930		21,340		3,930		3,930		22,032		25,962		(5,662)	2006	45
2365	Baltimore	MD		—		1,684		18,889		1,696		1,696		19,603		21,299		(5,036)	2006	45
2583	Ellicott City	MD		19,772		3,607		31,720		3,607		3,607		31,724		35,331		(247)	2016	42
2584	Hanover	MD		9,216		4,513		25,625		4,513		4,513		25,629		30,142		(196)	2016	42
2585	Laurel	MD		5,985		3,895		13,331		3,895		3,895		13,340		17,235		(135)	2016	42
2541	Olney	MD		—		1,580		33,802		1,580		1,580		33,887		35,467		(1,201)	2015	40
2586	Parkville	MD		21,333		3,854		29,061		3,854		3,854		29,065		32,919		(266)	2016	42
2356	Pikesville	MD		—		1,416		8,854		1,416		1,416		9,510		10,926		(2,300)	2006	45
2587	Waldorf	MD		8,644		392		20,514		392		392		20,517		20,909		(155)	2016	42
2590	Sterling Heights	MI		—		920		7,326		920		920		7,390		8,310		(3,211)	2001	35
2374	Charlotte	NC		—		2,051		6,529		2,051		2,051		7,678		9,729		(1,492)	2010	45
2359	Paramus	NJ		—		4,280		31,684		4,280		4,280		32,516		36,796		(8,284)	2006	45
2387	Albuquerque	NM		—		2,223		8,049		2,223		2,223		8,160		10,383		(1,084)	2012	45
2589	Albuquerque	NM		—		767		9,324		767		767		9,005		9,772		(3,840)	1996	45
2516	Centerville	OH		—		1,065		10,901		1,065		1,065		12,240		13,305		(929)	2015	35
2512	Cincinnati	OH		—		1,180		6,157		1,180		1,180		7,244		8,424		(822)	2015	35
2591	Cincinnati	OH		—		600		4,428		600		600		4,458		5,058		(1,940)	2001	35
2597	Fairborn	OH		—		298		10,704		298		298		13,676		13,974		(3,350)	2006	40
2372	Oklahoma City	OK		—		801		4,904		811		811		5,147		5,958		(1,422)	2006	45
2383	Oklahoma City	OK		—		1,345		3,943		1,345		1,345		4,193		5,538		(654)	2012	45
2390	Grants Pass	OR		—		430		3,267		430		430		3,306		3,736		(485)	2012	45
2391	Grants Pass	OR		—		1,064		16,124		1,064		1,064		16,358		17,422		(1,679)	2012	45
2392	Grants Pass	OR		—		618		2,932		618		618		3,179		3,797		(688)	2012	45
2393	Grants Pass	OR		—		774		13,230		774		774		13,447		14,221		(1,476)	2012	45
1959	East Providence	RI		14,186		1,890		13,989		1,890		1,890		15,057		16,947		(3,439)	2011	30
1960	Greenwich	RI		7,769		450		11,845		450		450		13,292		13,742		(3,143)	2011	30
2511	Johnston	RI		—		2,037		12,724		2,037		2,037		16,014		18,051		(1,360)	2015	35
1962	Warwick	RI		13,881		1,050		17,389		1,050		1,050		19,640		20,690		(4,599)	2011	30
2401	Germantown	TN		—		3,640		64,588		3,640		3,640		64,699		68,339		(3,287)	2015	40
2385	Hendersonville	TN		—		1,298		2,464		1,298		1,298		3,035		4,333		(542)	2012	45
2381	Memphis	TN		—		1,315		9,787		1,315		1,315		10,115		11,430		(1,099)	2012	45
2608	Arlington	TX		—		2,002		19,110		2,002		2,002		18,729		20,731		(4,548)	2006	40
2377	Austin	TX		—		2,860		17,359		2,973		2,973		18,443		21,416		(4,842)	2010	45
2531	Austin	TX		—		607		15,972		607		607		16,242		16,849		(659)	2015	35
2588	Beaumont	TX		—		145		10,404		145		145		10,197		10,342		(4,434)	1995	45
2396	Dallas	TX		—		2,120		8,986		2,120		2,120		9,338		11,458		(1,203)	2012	45
2438	Dallas	TX		—		2,091		11,698		2,091		2,091		12,103		14,194		(1,205)	2015	35
2528	Graham	TX		—		754		8,803		754		754		9,538		10,292		(629)	2015	35
2529	Grand Prairie	TX		—		865		10,650		865		865		11,689		12,554		(685)	2015	35
1955	Houston	TX		46,618		9,820		50,079		9,820		9,820		58,413		68,233		(13,211)	2011	30
1957	Houston	TX		30,615		8,170		37,285		8,170		8,170		41,145		49,315		(9,238)	2011	30
1958	Houston	TX		28,189		2,910		37,443		2,910		2,910		43,194		46,104		(9,490)	2011	30
2402	Houston	TX		—		1,740		32,057		1,740		1,740		32,125		33,865		(1,772)	2015	40
2606	Houston	TX		—		2,470		21,710		2,470		2,470		22,460		24,930		(9,718)	2002	35
2394	Kerrville	TX		—		1,459		33,407		1,459		1,459		35,583		37,042		(4,324)	2012	45
2389	Lubbock	TX		—		1,143		4,656		1,143		1,143		5,202		6,345		(748)	2012	45


									Costs											Life on Which
									Capitalized		Gross Amount at Which Carried									Depreciation in
					Initial Cost to Company				Subsequent		As of December 31, 2016								Year	Latest Income
		State/	Encumbrances at				Buildings and		to				Buildings and				Accumulated		Acquired/	Statement is
City		Country	December 31, 2016		Land		Improvements		Acquisition		Land		Improvements		Total(1)		Depreciation		Constructed	Computed
2530	N Richland Hills	TX		—		1,190		17,756		1,190		1,190		18,693		19,883		(950)	2015	35
2379	Plano	TX		—		590		6,930		590		590		7,190		7,780		(951)	2012	45
2378	San Antonio	TX		—		2,860		17,030		2,880		2,880		17,980		20,860		(4,621)	2010	45
2532	San Antonio	TX		—		613		5,874		613		613		6,735		7,348		(518)	2015	35
2607	San Antonio	TX		—		730		3,961		730		730		3,961		4,691		(1,298)	2002	45
2533	San Marcos	TX		—		765		18,175		765		765		19,000		19,765		(801)	2015	35
1954	Sugar Land	TX		30,149		3,420		36,846		3,420		3,420		40,805		44,225		(9,196)	2011	30
2510	Temple	TX		—		2,354		52,859		2,354		2,354		53,628		55,982		(2,256)	2015	35
2400	Victoria	TX		—		1,032		7,743		1,032		1,032		7,828		8,860		(493)	2015	30
2605	Victoria	TX		—		175		4,290		175		175		7,018		7,193		(2,520)	1995	43
1953	Webster	TX		28,807		4,780		30,854		4,780		4,780		34,191		38,971		(7,893)	2011	30
2534	Wichita Falls	TX		—		430		2,856		430		430		3,602		4,032		(351)	2015	35
2368	Salt Lake City	UT		—		2,621		22,072		2,654		2,654		23,081		25,735		(5,762)	2006	45
2386	St. George	UT		—		683		9,436		683		683		10,330		11,013		(1,314)	2012	45
2360	Arlington	VA		—		4,320		19,567		4,320		4,320		20,577		24,897		(5,276)	2006	45
2582	Fredericksburg	VA		—		2,370		19,725		2,370		2,370		19,735		22,105		(138)	2016	42
2581	Leesburg	VA		12,544		1,340		17,605		1,340		1,340		17,616		18,956		(129)	2016	42
2361	Richmond	VA		—		2,110		11,469		2,110		2,110		13,883		15,993		(3,193)	2006	45
2514	Richmond	VA		—		2,981		54,203		2,981		2,981		55,375		58,356		(2,091)	2015	35
2382	Appleton	WI		—		182		12,581		182		182		12,841		13,023		(1,458)	2012	45
2398	Stevens Point	WI		—		801		16,687		801		801		16,900		17,701		(1,713)	2012	45
			$	553,838	$	288,417	$	2,447,074	$	285,921	$	289,240	$	2,663,281	$	2,952,521	$	(413,672)
Life science
1482	Brisbane	CA		—		50,989		1,789		39,531		50,989		41,322		92,311		—	2007	**
1522	Carlsbad	CA		—		23,475		—		2,828		23,475		2,828		26,303		—	2007	**
1401	Hayward	CA		—		900		7,100		915		900		8,015		8,915		(2,358)	2007	40
1402	Hayward	CA		—		1,500		6,400		3,682		1,719		9,863		11,582		(3,677)	2007	40
1403	Hayward	CA		—		1,900		7,100		2,304		1,900		9,149		11,049		(2,032)	2007	40
1404	Hayward	CA		—		2,200		17,200		682		2,200		17,883		20,083		(4,054)	2007	40
1405	Hayward	CA		—		1,000		3,200		7,478		1,000		10,678		11,678		(5,544)	2007	40
1549	Hayward	CA		—		1,006		4,259		3,073		1,055		6,020		7,075		(2,030)	2007	29
1550	Hayward	CA		—		677		2,761		5,583		710		8,256		8,966		(5,570)	2007	29
1551	Hayward	CA		—		661		1,995		4,264		693		6,227		6,920		(3,266)	2007	29
1552	Hayward	CA		—		1,187		7,139		1,346		1,222		8,148		9,370		(2,944)	2007	29
1553	Hayward	CA		—		1,189		9,465		7,361		1,225		16,791		18,016		(4,274)	2007	29
1554	Hayward	CA		—		1,246		5,179		1,867		1,283		6,133		7,416		(2,424)	2007	29
1555	Hayward	CA		—		1,521		13,546		6,354		1,566		19,841		21,407		(6,060)	2007	29
1556	Hayward	CA		—		1,212		5,120		3,049		1,249		7,795		9,044		(4,389)	2007	29
1424	La Jolla	CA		—		9,600		25,283		7,908		9,719		31,103		40,822		(7,689)	2007	40
1425	La Jolla	CA		—		6,200		19,883		125		6,276		19,931		26,207		(4,755)	2007	40
1426	La Jolla	CA		—		7,200		12,412		4,875		7,291		16,857		24,148		(7,269)	2007	27
1427	La Jolla	CA		—		8,700		16,983		6,136		8,746		22,240		30,986		(6,507)	2007	30
1949	La Jolla	CA		—		2,686		11,045		689		2,686		11,404		14,090		(2,272)	2011	30
2229	La Jolla	CA		—		8,753		32,528		5,299		8,753		37,828		46,581		(2,645)	2014	35
1488	Mountain View	CA		—		7,300		25,410		1,901		7,567		27,044		34,611		(6,786)	2007	40
1489	Mountain View	CA		—		6,500		22,800		1,866		6,500		24,666		31,166		(6,265)	2007	40
1490	Mountain View	CA		—		4,800		9,500		442		4,800		9,942		14,742		(2,476)	2007	40
1491	Mountain View	CA		—		4,200		8,400		1,249		4,209		8,998		13,207		(2,204)	2007	40
1492	Mountain View	CA		—		3,600		9,700		730		3,600		9,703		13,303		(2,284)	2007	40
1493	Mountain View	CA		—		7,500		16,300		1,904		7,500		17,603		25,103		(4,416)	2007	40
1494	Mountain View	CA		—		9,800		24,000		203		9,800		24,203		34,003		(5,749)	2007	40
1495	Mountain View	CA		—		6,900		17,800		3,245		6,900		21,045		27,945		(5,553)	2007	40
1496	Mountain View	CA		—		7,000		17,000		6,364		7,000		17,332		24,332		(4,149)	2007	40
1497	Mountain View	CA		—		14,100		31,002		10,111		14,100		40,487		54,587		(16,468)	2007	40
1498	Mountain View	CA		—		7,100		25,800		8,101		7,100		33,901		41,001		(13,149)	2013	40
2017	Mountain View	CA		—		—		20,240		1,117		—		21,255		21,255		(3,131)	2004	40
1470	Poway	CA		—		5,826		12,200		6,048		5,826		18,248		24,074		(8,589)	2007	40
1471	Poway	CA		—		5,978		14,200		4,253		5,978		18,453		24,431		(7,127)	2007	40
1472	Poway	CA		—		8,654		—		11,908		8,654		11,908		20,562		(880)	2007	40
1473	Poway	CA		—		21,730		2,405		7,072		21,730		9,477		31,207		—	2007	*
1477	Poway	CA		—		25,359		2,475		14,805		25,359		17,279		42,638		—	2007	**
1478	Poway	CA		—		6,700		14,400		6,145		6,700		14,400		21,100		(3,390)	2007	40
1499	Redwood City	CA		—		3,400		5,500		2,373		3,407		7,334		10,741		(2,357)	2007	40
1500	Redwood City	CA		—		2,500		4,100		1,220		2,506		4,563		7,069		(1,358)	2007	40
1501	Redwood City	CA		—		3,600		4,600		860		3,607		5,024		8,631		(1,553)	2007	30
1502	Redwood City	CA		—		3,100		5,100		843		3,107		5,690		8,797		(1,718)	2007	31
1503	Redwood City	CA		—		4,800		17,300		3,300		4,818		20,583		25,401		(5,521)	2007	31
1504	Redwood City	CA		—		5,400		15,500		969		5,418		16,451		21,869		(3,830)	2007	31
1505	Redwood City	CA		—		3,000		3,500		826		3,006		4,115		7,121		(1,451)	2007	40
1506	Redwood City	CA		—		6,000		14,300		3,871		6,018		17,546		23,564		(4,131)	2007	40
1507	Redwood City	CA		—		1,900		12,800		13,594		1,912		26,382		28,294		(5,469)	2007	39
1508	Redwood City	CA		—		2,700		11,300		12,120		2,712		23,409		26,121		(4,687)	2007	39
1509	Redwood City	CA		—		2,700		10,900		9,004		2,712		19,424		22,136		(5,975)	2007	40
1510	Redwood City	CA		—		2,200		12,000		5,395		2,212		17,383		19,595		(6,495)	2007	38
1511	Redwood City	CA		—		2,600		9,300		1,828		2,612		10,561		13,173		(2,424)	2007	26
1512	Redwood City	CA		—		3,300		18,000		12,361		3,300		30,361		33,661		(6,486)	2007	40
1513	Redwood City	CA		—		3,300		17,900		14,739		3,326		32,613		35,939		(7,173)	2007	40
0678	San Diego	CA		—		2,603		11,051		3,745		2,603		14,796		17,399		(4,250)	2002	39
0679	San Diego	CA		—		5,269		23,566		14,757		5,669		37,176		42,845		(13,594)	2002	39
0837	San Diego	CA		—		4,630		2,028		8,982		4,630		11,011		15,641		(5,483)	2006	31
0838	San Diego	CA		—		2,040		903		4,975		2,040		5,878		7,918		(1,822)	2006	40
0839	San Diego	CA		—		3,940		3,184		5,735		3,951		5,689		9,640		(1,274)	2006	40
0840	San Diego	CA		—		5,690		4,579		711		5,703		4,851		10,554		(1,392)	2006	40
1418	San Diego	CA		—		11,700		31,243		6,403		11,700		37,646		49,346		(11,440)	2007	40
1420	San Diego	CA		—		6,524		—		4,886		6,524		4,886		11,410		—	2007	**
1421	San Diego	CA		—		7,000		33,779		1,258		7,000		35,037		42,037		(7,969)	2007	40
1422	San Diego	CA		—		7,179		3,687		4,528		7,184		8,210		15,394		(1,632)	2007	30
1423	San Diego	CA		—		8,400		33,144		18		8,400		33,162		41,562		(7,807)	2007	40
1514	San Diego	CA		—		5,200		—		—		5,200		—		5,200		—	2007	**
1558	San Diego	CA		—		7,740		22,654		2,224		7,888		24,580		32,468		(6,518)	2007	38
1947	San Diego	CA		—		2,581		10,534		3,952		2,581		14,486		17,067		(2,470)	2011	30
1948	San Diego	CA		—		5,879		25,305		2,481		5,879		27,783		33,662		(6,359)	2011	30
1950	San Diego	CA		691		884		2,796		32		895		2,816		3,711		(560)	2011	30
2197	San Diego	CA		—		7,621		3,913		3,801		7,626		6,417		14,043		(2,289)	2007	33
2476	San Diego	CA				7,661		9,918		2		7,661		9,920		17,581		(118)	2016	35
2477	San Diego	CA				9,207		14,613		523		9,207		15,136		24,343		(174)	2016	35
2478	San Diego	CA				6,000		—		—		6,000		—		6,000		—	2016	**
1407	South San Francisco	CA		—		7,182		12,140		9,477		7,182		17,997		25,179		(6,137)	2007	35
1408	South San Francisco	CA		—		9,000		17,800		1,260		9,000		19,060		28,060		(4,922)	2007	40
1409	South San Francisco	CA		—		18,000		38,043		4,850		18,000		42,893		60,893		(9,465)	2007	40
1410	South San Francisco	CA		—		4,900		18,100		157		4,900		18,257		23,157		(4,325)	2007	40
1411	South San Francisco	CA		—		8,000		27,700		313		8,000		28,013		36,013		(6,580)	2007	40
1412	South San Francisco	CA		—		10,100		22,521		2,003		10,100		24,524		34,624		(5,526)	2007	40
1413	South San Francisco	CA		—		8,000		28,299		282		8,000		28,581		36,581		(6,701)	2007	40
1414	South San Francisco	CA		—		3,700		20,800		2,278		3,700		23,078		26,778		(5,243)	2007	40
1430	South San Francisco	CA		—		10,700		23,621		2,143		10,700		25,764		36,464		(6,078)	2007	40
1431	South San Francisco	CA		—		7,000		15,500		511		7,000		16,012		23,012		(3,682)	2007	40
1435	South San Francisco	CA		—		13,800		42,500		36,982		13,800		79,483		93,283		(16,559)	2008	40
1436	South San Francisco	CA		—		14,500		45,300		36,599		14,500		81,899		96,399		(17,134)	2008	40
1437	South San Francisco	CA		—		9,400		24,800		45,139		9,400		69,938		79,338		(12,480)	2008	40
1439	South San Francisco	CA		—		11,900		68,848		82		11,900		68,930		80,830		(16,223)	2007	40


									Costs											Life on Which
									Capitalized		Gross Amount at Which Carried									Depreciation in
					Initial Cost to Company				Subsequent		As of December 31, 2016								Year	Latest Income
			Encumbrances at				Buildings and		to				Buildings and				Accumulated		Acquired/	Statement is
City		State	December 31, 2016		Land		Improvements		Acquisition		Land		Improvements		Total(1)		Depreciation		Constructed	Computed
1440	South San Francisco	CA		—		10,000		57,954		6		10,000		57,960		67,960		(13,644)	2007	40
1441	South San Francisco	CA		—		9,300		43,549		5		9,300		43,554		52,854		(10,253)	2007	40
1442	South San Francisco	CA		—		11,000		47,289		87		11,000		47,376		58,376		(11,182)	2007	40
1443	South San Francisco	CA		—		13,200		60,932		1,165		13,200		62,097		75,297		(13,930)	2007	40
1444	South San Francisco	CA		—		10,500		33,776		357		10,500		34,132		44,632		(8,116)	2007	40
1445	South San Francisco	CA		—		10,600		34,083		5		10,600		34,088		44,688		(8,024)	2007	40
1449	South San Francisco	CA		—		12,800		63,600		472		12,800		64,072		76,872		(15,189)	2007	40
1454	South San Francisco	CA		—		11,100		47,738		9,369		11,100		57,108		68,208		(16,646)	2008	40
1455	South San Francisco	CA		—		9,700		41,937		6,052		10,261		47,428		57,689		(13,065)	2008	40
1456	South San Francisco	CA		—		6,300		22,900		8,196		6,300		31,096		37,396		(9,247)	2008	40
1458	South San Francisco	CA		—		10,900		20,900		8,264		10,909		24,662		35,571		(6,514)	2007	40
1459	South San Francisco	CA		—		3,600		100		220		3,600		321		3,921		(94)	2007	**
1460	South San Francisco	CA		—		2,300		100		116		2,300		215		2,515		(100)	2007	**
1461	South San Francisco	CA		—		3,900		200		216		3,900		416		4,316		(200)	2007	**
1462	South San Francisco	CA		—		7,117		600		4,925		7,117		5,176		12,293		(1,841)	2007	40
1463	South San Francisco	CA		—		10,381		2,300		17,875		10,381		20,175		30,556		(4,569)	2007	40
1464	South San Francisco	CA		—		7,403		700		11,638		7,403		12,338		19,741		(4,872)	2007	40
1468	South San Francisco	CA		—		10,100		24,013		4,774		10,100		26,642		36,742		(6,760)	2007	40
1480	South San Francisco	CA		—		32,210		3,110		11,207		32,210		14,317		46,527		—	2007	**
1559	South San Francisco	CA		—		5,666		5,773		12,966		5,695		18,641		24,336		(8,348)	2007	35
1560	South San Francisco	CA		—		1,204		1,293		409		1,210		1,681		2,891		(1,391)	2007	5
1983	South San Francisco	CA		—		8,648		—		92,639		8,648		92,639		101,287		(1,344)	2011	40
1984	South San Francisco	CA		—		7,845		—		57,009		7,845		57,009		64,854		—	2011	*
1985	South San Francisco	CA		—		13,416		—		98,736		13,416		98,736		112,152		—	2011	*
1987	South San Francisco	CA		—		18,664		—		6,252		18,664		6,252		24,916		—	2011	*
1989	South San Francisco	CA		—		9,169		—		2,631		9,169		2,631		11,800		—	2011	**
2553	South San Francisco	CA		—		2,897		8,691		1,566		2,897		10,257		13,154		(369)	2015	35
2554	South San Francisco	CA		—		995		2,754		—		995		2,754		3,749		(85)	2015	35
2555	South San Francisco	CA		—		2,202		10,776		50		2,202		10,826		13,028		(334)	2015	35
2556	South San Francisco	CA		—		2,962		15,108		—		2,962		15,108		18,070		(468)	2015	35
2557	South San Francisco	CA		—		2,453		13,063		—		2,453		13,063		15,516		(404)	2015	35
2558	South San Francisco	CA		—		1,163		5,925		—		1,163		5,925		7,088		(183)	2015	35
2614	South San Francisco	CA		—		5,079		8,584		1,330		5,079		9,914		14,993		(2,944)	2007	35
2615	South San Francisco	CA		—		7,984		13,495		3,238		7,984		16,733		24,717		(4,435)	2007	35
2616	South San Francisco	CA		—		8,355		14,121		1,871		8,355		15,992		24,347		(4,693)	2007	35
9999	Denton	TX		—		100		—		—		100		—		100		—	1900	**
2011	Durham	NC		6,780		448		6,152		21,379		448		27,494		27,942		(3,709)	2011	30
2030	Durham	NC		—		1,920		5,661		34,083		1,920		39,744		41,664		(5,157)	2012	30
0464	Salt Lake City	UT		—		630		6,921		1,275		630		8,197		8,827		(2,910)	2001	38
0465	Salt Lake City	UT		—		125		6,368		68		125		6,436		6,561		(2,231)	2001	43
0466	Salt Lake City	UT		—		—		14,614		7		—		14,621		14,621		(4,545)	2001	43
0507	Salt Lake City	UT		—		280		4,345		226		280		4,572		4,852		(1,560)	2002	43
0799	Salt Lake City	UT		—		—		14,600		90		—		14,690		14,690		(3,609)	2005	40
1593	Salt Lake City	UT		—		—		23,998		—		—		23,998		23,998		(4,666)	2010	33
			$	7,471	$	885,895	$	1,977,011	$	917,979	$	888,397	$	2,850,690	$	3,739,087	$	(626,840)
Medical office
0638	Anchorage	AK		—		1,456		10,650		11,925		1,456		22,522		23,978		(4,898)	2006	30
2572	Springdale	AR		—		—		27,714		—		—		27,714		27,714		—	2016	35
0520	Chandler	AZ		—		3,669		13,503		2,390		3,669		15,601		19,270		(5,333)	2002	40
2040	Mesa	AZ		—		—		17,314		653		—		17,952		17,952		(2,049)	2012	45
0468	Oro Valley	AZ		—		1,050		6,774		925		1,050		7,124		8,174		(2,622)	2001	43
0356	Phoenix	AZ		—		780		3,199		1,401		780		3,717		4,497		(1,744)	1999	32
0470	Phoenix	AZ		—		280		877		104		280		946		1,226		(316)	2001	43
1066	Scottsdale	AZ		—		5,115		14,064		3,359		4,811		17,076		21,887		(5,038)	2006	40
2021	Scottsdale	AZ		—		—		12,312		1,400		—		13,665		13,665		(3,026)	2012	25
2022	Scottsdale	AZ		—		—		9,179		817		—		9,911		9,911		(2,358)	2012	25
2023	Scottsdale	AZ		—		—		6,398		1,159		—		7,529		7,529		(1,452)	2012	25
2024	Scottsdale	AZ		—		—		9,522		598		—		10,121		10,121		(1,954)	2012	25
2025	Scottsdale	AZ		—		—		4,102		1,311		—		5,378		5,378		(1,307)	2012	25
2026	Scottsdale	AZ		—		—		3,655		981		—		4,596		4,596		(829)	2012	25
2027	Scottsdale	AZ		—		—		7,168		1,204		—		8,354		8,354		(1,658)	2012	25
2028	Scottsdale	AZ		—		—		6,659		937		—		7,596		7,596		(1,516)	2012	25
0453	Tucson	AZ		—		215		6,318		1,363		326		7,045		7,371		(3,082)	2000	35
0556	Tucson	AZ		—		215		3,940		1,081		267		4,541		4,808		(1,357)	2003	43
1041	Brentwood	CA		—		—		30,864		2,658		187		32,848		33,035		(8,794)	2006	40
1200	Encino	CA		—		6,151		10,438		3,954		6,645		13,274		19,919		(4,553)	2006	33
0436	Murietta	CA		—		400		9,266		3,463		638		11,359		11,997		(5,272)	1999	33
0239	Poway	CA		—		2,700		10,839		2,822		2,887		11,778		14,665		(6,400)	1997	35
0318	Sacramento	CA		—		2,860		37,566		27,051		2,911		63,715		66,626		(7,765)	1998	25
2404	Sacramento	CA		—		1,268		5,109		198		1,299		5,277		6,576		(388)	2015	30
0234	San Diego	CA		—		2,848		5,879		1,450		3,009		5,052		8,061		(3,027)	1997	21
0235	San Diego	CA		—		2,863		8,913		2,913		3,068		9,299		12,367		(5,939)	1997	21
0236	San Diego	CA		—		4,619		19,370		4,023		4,711		16,976		21,687		(9,791)	1997	21
0421	San Diego	CA		—		2,910		19,984		16,294		2,964		34,905		37,869		(7,017)	1999	22
0564	San Jose	CA		—		1,935		1,728		2,303		1,935		3,338		5,273		(1,445)	2003	37


									Costs											Life on Which
									Capitalized		Gross Amount at Which Carried									Depreciation in
					Initial Cost to Company				Subsequent		As of December 31, 2016								Year	Latest Income
			Encumbrances at				Buildings and		to				Buildings and				Accumulated		Acquired/	Statement is
City		State	December 31, 2016		Land		Improvements		Acquisition		Land		Improvements		Total(1)		Depreciation		Constructed	Computed
0565	San Jose	CA		—		1,460		7,672		527		1,460		8,192		9,652		(3,237)	2003	37
0659	Los Gatos	CA		—		1,718		3,124		622		1,758		3,598		5,356		(1,194)	2000	34
1209	Sherman Oaks	CA		—		7,472		10,075		4,988		7,943		14,105		22,048		(6,483)	2006	22
0439	Valencia	CA		—		2,300		6,967		3,038		2,404		8,172		10,576		(3,442)	1999	35
1211	Valencia	CA		—		1,344		7,507		708		1,383		7,972		9,355		(2,157)	2006	40
0440	West Hills	CA		—		2,100		11,595		3,357		2,259		11,531		13,790		(5,425)	1999	32
0728	Aurora	CO		—		—		8,764		2,283		—		8,726		8,726		(2,918)	2005	39
1196	Aurora	CO		—		210		12,362		2,306		210		14,273		14,483		(3,805)	2006	40
1197	Aurora	CO		—		200		8,414		2,326		200		10,427		10,627		(3,096)	2006	33
0882	Colorado Springs	CO		—		—		12,933		10,672		—		22,462		22,462		(6,783)	2006	40
0814	Conifer	CO		—		—		1,485		35		13		1,508		1,521		(439)	2005	40
1199	Denver	CO		—		493		7,897		1,865		622		9,401		10,023		(3,037)	2006	33
0808	Englewood	CO		—		—		8,616		8,336		11		16,146		16,157		(5,303)	2005	35
0809	Englewood	CO		—		—		8,449		3,462		—		10,872		10,872		(3,929)	2005	35
0810	Englewood	CO		—		—		8,040		7,408		—		14,464		14,464		(4,853)	2005	35
0811	Englewood	CO		—		—		8,472		3,515		—		11,082		11,082		(3,769)	2005	35
0812	Littleton	CO		—		—		4,562		2,398		257		6,340		6,597		(2,505)	2005	35
0813	Littleton	CO		—		—		4,926		1,853		106		6,201		6,307		(1,994)	2005	38
0570	Lone Tree	CO		—		—		—		19,702		—		19,078		19,078		(5,989)	2003	39
0666	Lone Tree	CO		—		—		23,274		2,637		—		25,501		25,501		(7,583)	2000	37
2233	Lone Tree	CO		—		—		6,734		24,974		—		31,708		31,708		(624)	2014	*
1076	Parker	CO		—		—		13,388		782		8		14,089		14,097		(3,940)	2006	40
0510	Thornton	CO		—		236		10,206		3,382		454		13,345		13,799		(4,935)	2002	43
0433	Atlantis	FL		—		—		5,651		930		113		5,532		5,645		(2,703)	1999	35
0434	Atlantis	FL		—		—		2,027		274		5		2,149		2,154		(1,067)	1999	34
0435	Atlantis	FL		—		—		2,000		786		—		2,532		2,532		(1,323)	1999	32
0602	Atlantis	FL		—		455		2,231		918		455		2,886		3,341		(809)	2000	34
0604	Englewood	FL		—		170		1,134		407		198		1,359		1,557		(493)	2000	34
0609	Kissimmee	FL		—		788		174		636		788		722		1,510		(161)	2000	34
0610	Kissimmee	FL		—		481		347		739		493		1,007		1,500		(432)	2000	34
0671	Kissimmee	FL		—		—		7,574		2,318		—		8,586		8,586		(2,644)	2000	36
0603	Lake Worth	FL		—		1,507		2,894		1,807		1,507		4,569		6,076		(1,706)	2000	34
0612	Margate	FL		—		1,553		6,898		1,302		1,553		8,043		9,596		(2,521)	2000	34
0613	Miami	FL		—		4,392		11,841		3,925		4,392		14,606		18,998		(4,961)	2000	34
2202	Miami	FL		—		—		13,123		3,325		—		16,448		16,448		(1,858)	2014	25
2203	Miami	FL		—		—		8,877		1,837		—		10,713		10,713		(1,012)	2014	30
1067	Milton	FL		—		—		8,566		269		—		8,816		8,816		(2,310)	2006	40
2577	Naples	FL		—		—		29,186		—		—		29,186		29,186		—	2016	37
2578	Naples	FL		—		—		18,819		—		—		18,819		18,819		—	2016	46
0563	Orlando	FL		—		2,144		5,136		4,840		2,343		8,731		11,074		(3,860)	2003	37
0833	Pace	FL		—		—		10,309		2,899		26		10,888		10,914		(2,593)	2006	44
0834	Pensacola	FL		—		—		11,166		478		—		11,644		11,644		(3,020)	2006	45
0614	Plantation	FL		—		969		3,241		1,535		1,017		4,299		5,316		(1,444)	2000	34
0673	Plantation	FL		—		1,091		7,176		1,198		1,091		8,019		9,110		(2,298)	2002	36
2579	Punta Gorda	FL		—		—		9,379		—		—		9,379		9,379		—	2016	40
0701	St. Petersburg	FL		—		—		13,754		7,107		—		19,871		19,871		(5,021)	2006	28
1210	Tampa	FL		—		1,967		6,602		5,668		2,194		10,840		13,034		(5,008)	2006	25
1058	Blue Ridge	GA		—		—		3,231		18		—		3,249		3,249		(844)	2006	40
2576	Statesboro	GA		—		—		10,234		—		—		10,234		10,234		—	2016	28
1065	Marion	IL		—		99		11,484		747		100		12,205		12,305		(3,385)	2006	40
1057	Newburgh	IN		—		—		14,019		4,243		—		18,256		18,256		(4,583)	2006	40
2039	Kansas City	KS		—		440		2,173		17		448		2,181		2,629		(301)	2012	35
2043	Overland Park	KS		—		—		7,668		294		—		7,961		7,961		(1,022)	2012	40
0483	Wichita	KS		—		530		3,341		537		530		3,878		4,408		(1,546)	2001	45
1064	Lexington	KY		—		—		12,726		1,248		—		13,761		13,761		(4,004)	2006	40
0735	Louisville	KY		—		936		8,426		5,119		936		11,402		12,338		(9,366)	2005	11
0737	Louisville	KY		—		835		27,627		4,847		878		30,456		31,334		(9,862)	2005	37
0738	Louisville	KY		—		780		8,582		5,202		851		12,248		13,099		(6,988)	2005	18
0739	Louisville	KY		—		826		13,814		1,821		832		14,190		15,022		(4,373)	2005	38
0740	Louisville	KY		—		2,983		13,171		4,623		2,991		16,864		19,855		(6,585)	2005	30
1944	Louisville	KY		—		788		2,414		—		788		2,414		3,202		(579)	2010	25
1945	Louisville	KY		—		3,255		28,644		691		3,255		29,034		32,289		(6,083)	2010	30
1946	Louisville	KY		—		430		6,125		152		430		6,277		6,707		(1,241)	2010	30
2237	Louisville	KY		—		1,519		15,386		2,563		1,542		17,925		19,467		(1,345)	2014	25
2238	Louisville	KY		—		1,334		12,172		1,033		1,511		13,028		14,539		(1,181)	2014	25
2239	Louisville	KY		—		1,644		10,832		2,473		1,718		13,230		14,948		(933)	2014	25
1324	Haverhill	MA		—		800		8,537		2,122		869		9,609		10,478		(2,741)	2007	40
1213	Ellicott City	MD		—		1,115		3,206		2,614		1,222		5,491		6,713		(2,295)	2006	34
0361	GlenBurnie	MD		—		670		5,085		—		670		5,085		5,755		(2,567)	1999	35
1052	Towson	MD		—		—		14,233		3,611		—		15,150		15,150		(5,511)	2006	40
0240	Minneapolis	MN		—		117		13,213		2,343		117		15,031		15,148		(7,886)	1997	32


									Costs											Life on Which
									Capitalized		Gross Amount at Which Carried									Depreciation in
					Initial Cost to Company				Subsequent		As of December 31, 2016								Year	Latest Income
			Encumbrances at				Buildings and		to				Buildings and				Accumulated		Acquired/	Statement is
City		State	December 31, 2016		Land		Improvements		Acquisition		Land		Improvements		Total(1)		Depreciation		Constructed	Computed
0300	Minneapolis	MN		—		160		10,131		4,566		160		13,720		13,880		(6,552)	1997	35
2032	Independence	MO		—		—		48,025		787		—		48,812		48,812		(5,068)	2012	45
1078	Flowood	MS		—		—		8,413		753		—		9,139		9,139		(2,712)	2006	40
1059	Jackson	MS		—		—		8,868		114		—		8,982		8,982		(2,300)	2006	40
1060	Jackson	MS		—		—		7,187		2,182		—		9,369		9,369		(2,954)	2006	40
1068	Omaha	NE		—		—		16,243		1,147		17		17,317		17,334		(4,687)	2006	40
0729	Albuquerque	NM		—		—		5,380		423		—		5,658		5,658		(1,749)	2005	39
0348	Elko	NV		—		55		2,637		12		55		2,649		2,704		(1,356)	1999	35
0571	Las Vegas	NV		—		—		—		18,743		—		17,570		17,570		(5,859)	2003	40
0660	Las Vegas	NV		—		1,121		4,363		5,328		1,302		7,858		9,160		(3,045)	2000	34
0661	Las Vegas	NV		—		2,305		4,829		5,217		2,447		9,006		11,453		(3,500)	2000	34
0662	Las Vegas	NV		—		3,480		12,305		4,869		3,480		14,956		18,436		(4,874)	2000	34
0663	Las Vegas	NV		—		1,717		3,597		5,798		1,724		8,104		9,828		(2,043)	2000	34
0664	Las Vegas	NV		—		1,172		—		441		1,172		441		1,613		—	2000	*
0691	Las Vegas	NV		—		3,244		18,339		7,507		3,273		24,540		27,813		(8,712)	2004	30
2037	Mesquite	NV		—		—		5,559		206		—		5,754		5,754		(683)	2012	40
1285	Cleveland	OH		—		823		2,726		925		853		2,916		3,769		(1,156)	2006	40
0400	Harrison	OH		—		—		4,561		300		—		4,861		4,861		(2,417)	1999	35
1054	Durant	OK		—		619		9,256		1,825		659		11,021		11,680		(2,778)	2006	40
0817	Owasso	OK		—		—		6,582		1,399		—		5,865		5,865		(1,637)	2005	40
0404	Roseburg	OR		—		—		5,707		700		—		6,407		6,407		(2,805)	1999	35
2570	Limerick	PA		—		925		20,072		—		925		20,072		20,997		—	2016	31
2234	Philadelphia	PA		—		24,264		99,904		2,586		24,288		102,465		126,753		(7,078)	2014	35
2403	Philadelphia	PA		—		26,063		97,646		4,634		26,084		102,260		128,344		(6,900)	2015	25
2571	Wilkes-Barre	PA		—		—		9,138		—		—		9,138		9,138		—	2016	28
2573	Florence	SC		—		—		12,090		—		—		12,090		12,090		—	2016	37
2574	Florence	SC		—		—		12,190		—		—		12,190		12,190		—	2016	37
2575	Florence	SC		—		—		11,243		—		—		11,243		11,243		—	2016	29
0252	Clarksville	TN		—		765		4,184		60		772		4,237		5,009		(2,255)	1998	35
0624	Hendersonville	TN		—		256		1,530		1,585		256		2,705		2,961		(965)	2000	34
0559	Hermitage	TN		—		830		5,036		5,914		851		9,987		10,838		(3,840)	2003	35
0561	Hermitage	TN		—		596		9,698		4,967		596		13,553		14,149		(5,366)	2003	37
0562	Hermitage	TN		—		317		6,528		2,674		317		8,523		8,840		(3,586)	2003	37
0154	Knoxville	TN		—		700		4,559		4,863		700		9,327		10,027		(4,185)	1994	19
0625	Nashville	TN		—		955		14,289		3,035		955		15,880		16,835		(4,947)	2000	34
0626	Nashville	TN		—		2,050		5,211		3,737		2,055		8,326		10,381		(3,008)	2000	34
0627	Nashville	TN		—		1,007		181		723		1,060		826		1,886		(389)	2000	34
0628	Nashville	TN		—		2,980		7,164		2,722		2,980		9,515		12,495		(3,460)	2000	34
0630	Nashville	TN		—		515		848		293		528		1,127		1,655		(459)	2000	34
0631	Nashville	TN		—		266		1,305		1,458		266		2,536		2,802		(941)	2000	34
0632	Nashville	TN		—		827		7,642		3,891		827		10,318		11,145		(3,590)	2000	34
0633	Nashville	TN		—		5,425		12,577		4,491		5,425		16,758		22,183		(6,486)	2000	34
0634	Nashville	TN		—		3,818		15,185		8,406		3,818		22,746		26,564		(8,424)	2000	34
0636	Nashville	TN		—		583		450		303		583		753		1,336		(250)	2000	34
2611	Allen	TX		—		1,330		5,960		—		1,330		5,960		7,290		(33)	2016	35
2612	Allen	TX		—		1,310		4,165		—		1,310		4,165		5,475		(24)	2016	35
0573	Arlington	TX		—		769		12,355		3,864		769		15,434		16,203		(4,986)	2003	34
0576	Conroe	TX		—		324		4,842		2,421		324		6,198		6,522		(1,965)	2000	34
0577	Conroe	TX		—		397		7,966		2,443		397		9,921		10,318		(3,276)	2000	34
0578	Conroe	TX		—		388		7,975		3,946		388		11,733		12,121		(4,061)	2006	31
0579	Conroe	TX		—		188		3,618		1,338		188		4,822		5,010		(1,500)	2000	34
0581	Corpus Christi	TX		—		717		8,181		5,164		717		12,420		13,137		(4,635)	2000	34
0600	Corpus Christi	TX		—		328		3,210		3,780		328		6,468		6,796		(2,573)	2000	34
0601	Corpus Christi	TX		—		313		1,771		1,693		325		2,971		3,296		(968)	2000	34
2244	Cypress	TX		—		—		7,704		22,125		—		29,829		29,829		(816)	2015	*
0582	Dallas	TX		—		1,664		6,785		3,346		1,705		9,225		10,930		(3,298)	2000	34
1314	Dallas	TX		—		15,230		162,971		15,470		15,860		175,622		191,482		(49,189)	2006	35
0583	Fort Worth	TX		—		898		4,866		1,933		898		6,363		7,261		(2,248)	2000	34
0805	Fort Worth	TX		—		—		2,481		1,171		2		3,432		3,434		(1,598)	2005	25
0806	Fort Worth	TX		—		—		6,070		508		5		6,432		6,437		(1,875)	2005	40
2231	Fort Worth	TX		—		902		—		44		946		—		946		(8)	2014	**
1061	Granbury	TX		—		—		6,863		1,028		—		7,835		7,835		(1,823)	2006	40
0430	Houston	TX		—		1,927		33,140		7,424		2,151		38,994		41,145		(17,729)	1999	35
0446	Houston	TX		—		2,200		19,585		9,867		2,209		24,196		26,405		(16,770)	1999	17
0589	Houston	TX		—		1,676		12,602		5,453		1,706		16,174		17,880		(5,105)	2000	34
0670	Houston	TX		—		257		2,884		1,252		318		3,681		3,999		(1,360)	2000	35
0702	Houston	TX		—		—		7,414		1,754		7		8,492		8,499		(2,840)	2004	36
1044	Houston	TX		—		—		4,838		3,226		—		7,956		7,956		(3,189)	2006	40
2542	Houston	TX		—		304		17,764		—		304		17,764		18,068		(818)	2015	35
2543	Houston	TX		—		116		6,555		—		116		6,555		6,671		(357)	2015	30
2544	Houston	TX		—		312		12,094		—		312		12,094		12,406		(663)	2015	30
2545	Houston	TX		—		316		13,931		—		316		13,931		14,247		(582)	2015	40
2546	Houston	TX		—		408		18,332		—		408		18,332		18,740		(1,202)	2015	25
2547	Houston	TX		—		470		18,197		—		470		18,197		18,667		(1,011)	2015	30
2548	Houston	TX		—		313		7,036		—		313		7,036		7,349		(500)	2015	25
2549	Houston	TX		—		530		22,711		—		530		22,711		23,241		(836)	2015	45
0590	Irving	TX		—		828		6,160		2,652		828		8,541		9,369		(3,009)	2000	34
0700	Irving	TX		—		—		8,550		3,363		—		11,381		11,381		(4,472)	2006	34
1202	Irving	TX		—		1,604		16,107		1,000		1,633		16,992		18,625		(4,537)	2006	40
1207	Irving	TX		—		1,955		12,793		1,716		1,986		14,466		16,452		(3,998)	2006	40
2613	Kingwood	TX		—		3,035		32,388		—		3,035		32,388		35,423		(275)	2016	37
1062	Lancaster	TX		—		172		2,692		1,119		185		3,733		3,918		(1,356)	2006	39
2195	Lancaster	TX		—		—		1,138		672		131		1,679		1,810		(282)	2006	39
0591	Lewisville	TX		—		561		8,043		1,544		561		9,398		9,959		(3,090)	2000	34
0144	Longview	TX		—		102		7,998		665		102		8,220		8,322		(4,055)	1992	45


									Costs											Life on Which
									Capitalized		Gross Amount at Which Carried									Depreciation in
					Initial Cost to Company				Subsequent		As of December 31, 2016								Year	Latest Income
			Encumbrances at				Buildings and		to				Buildings and				Accumulated		Acquired/	Statement is
City		State	December 31, 2016		Land		Improvements		Acquisition		Land		Improvements		Total(1)		Depreciation		Constructed	Computed
0143	Lufkin	TX		—		338		2,383		73		338		2,416		2,754		(1,174)	1992	45
0568	Mckinney	TX		—		541		6,217		1,636		541		7,160		7,701		(2,489)	2003	36
0569	Mckinney	TX		—		—		636		8,082		—		8,012		8,012		(2,565)	2003	40
1079	Nassau Bay	TX		—		—		8,942		1,198		—		10,006		10,006		(2,915)	2006	40
0596	N Richland Hills	TX		—		812		8,883		2,654		812		11,114		11,926		(3,453)	2000	37
2048	North Richland Hills	TX		—		1,385		10,213		2,105		1,400		12,304		13,704		(2,188)	2012	30
1048	Pearland	TX		—		—		4,014		4,226		—		7,835		7,835		(2,686)	2006	40
2232	Pearland	TX		—		—		3,375		11,932		—		15,306		15,306		(263)	2014	*
0447	Plano	TX		—		1,700		7,810		6,310		1,791		13,325		15,116		(5,751)	1999	20
0597	Plano	TX		—		1,210		9,588		3,884		1,210		12,500		13,710		(4,049)	2000	34
0672	Plano	TX		—		1,389		12,768		2,445		1,389		13,916		15,305		(4,025)	2002	36
1284	Plano	TX		—		2,049		18,793		2,198		2,101		18,779		20,880		(6,705)	2006	40
1286	Plano	TX		—		3,300		—		—		3,300		—		3,300		—	2006	**
0815	San Antonio	TX		—		—		9,193		1,663		12		10,185		10,197		(3,237)	2006	35
0816	San Antonio	TX		3,622		—		8,699		2,822		174		10,739		10,913		(3,371)	2006	35
1591	San Antonio	TX		—		—		7,309		562		12		7,860		7,872		(1,780)	2010	30
1977	San Antonio	TX		—		—		26,191		1,141		—		27,087		27,087		(5,616)	2011	30
2559	Shenandoah	TX		—		—		—		19,550		—		19,550		19,550		—	2016	*
0598	Sugarland	TX		—		1,078		5,158		2,581		1,170		7,130		8,300		(2,538)	2000	34
0599	Texas City	TX		—		—		9,519		157		—		9,676		9,676		(2,763)	2000	37
0152	Victoria	TX		—		125		8,977		394		125		9,370		9,495		(4,580)	1994	45
2550	The Woodlands	TX		—		115		5,141		—		115		5,141		5,256		(242)	2015	35
2551	The Woodlands	TX		—		296		18,282		—		296		18,282		18,578		(741)	2015	40
2552	The Woodlands	TX		—		374		25,125		—		374		25,125		25,499		(908)	2015	45
1592	Bountiful	UT		—		999		7,426		470		999		7,897		8,896		(1,658)	2010	30
0169	Bountiful	UT		—		276		5,237		1,272		348		6,052		6,400		(2,727)	1995	45
0346	Castle Dale	UT		—		50		1,818		73		50		1,891		1,941		(994)	1998	35
0347	Centerville	UT		—		300		1,288		191		300		1,309		1,609		(666)	1999	35
2035	Draper	UT		5,240		—		10,803		161		—		10,964		10,964		(1,262)	2012	45
0469	Kaysville	UT		—		530		4,493		226		530		4,719		5,249		(1,651)	2001	43
0456	Layton	UT		—		371		7,073		1,208		389		8,023		8,412		(3,420)	2001	35
2042	Layton	UT		—		—		10,975		410		—		11,385		11,385		(1,181)	2012	45
0359	Ogden	UT		—		180		1,695		228		180		1,803		1,983		(906)	1999	35
1283	Ogden	UT		—		106		4,464		696		106		4,205		4,311		(4,133)	2006	40
0357	Orem	UT		—		337		8,744		1,827		306		8,312		8,618		(4,195)	1999	35
0371	Providence	UT		—		240		3,876		374		282		3,919		4,201		(1,912)	1999	35
0353	Salt Lake City	UT		—		190		779		164		201		921		1,122		(476)	1999	35
0354	Salt Lake City	UT		—		220		10,732		1,856		220		12,186		12,406		(6,249)	1999	35
0355	Salt Lake City	UT		—		180		14,792		2,162		180		16,429		16,609		(8,293)	1999	35
0467	Salt Lake City	UT		—		3,000		7,541		2,044		3,145		9,091		12,236		(3,396)	2001	38
0566	Salt Lake City	UT		—		509		4,044		1,686		509		5,317		5,826		(1,955)	2003	37
2041	Salt Lake City	UT		—		—		12,326		161		—		12,487		12,487		(1,353)	2012	45
2033	Sandy	UT		—		867		3,513		757		1,122		4,015		5,137		(979)	2012	20
0482	Stansbury	UT		—		450		3,201		380		450		3,422		3,872		(1,256)	2001	45
0351	Washington Terrace	UT		—		—		4,573		2,331		17		6,433		6,450		(3,478)	1999	35
0352	Washington Terrace	UT		—		—		2,692		1,297		15		3,382		3,397		(1,569)	1999	35
2034	West Jordan	UT		—		—		12,021		56		—		12,077		12,077		(1,288)	2012	45
2036	West Jordan	UT		753		—		1,383		808		—		2,190		2,190		(424)	2012	20
0495	West Valley City	UT		—		410		8,266		1,002		410		9,268		9,678		(4,238)	2002	35
0349	West Valley City	UT		—		1,070		17,463		128		1,036		17,581		18,617		(8,974)	1999	35
1208	Fairfax	VA		—		8,396		16,710		6,594		8,494		22,607		31,101		(7,815)	2006	28
2230	Fredericksburg	VA		—		1,101		8,570		—		1,101		8,570		9,671		(592)	2014	40
0572	Reston	VA		—		—		11,902		575		—		11,827		11,827		(4,244)	2003	43
0448	Renton	WA		—		—		18,724		2,211		—		19,685		19,685		(9,485)	1999	35
0781	Seattle	WA		—		—		52,703		15,124		—		63,876		63,876		(20,187)	2004	39
0782	Seattle	WA		—		—		24,382		12,330		126		34,970		35,096		(12,005)	2004	36
0783	Seattle	WA		—		—		5,625		1,318		183		6,633		6,816		(6,208)	2004	10
0785	Seattle	WA		—		—		7,293		4,796		—		10,875		10,875		(3,710)	2004	33
1385	Seattle	WA		—		—		45,027		3,450		—		48,299		48,299		(13,505)	2007	30
2038	Evanston	WY		—		—		4,601		9		—		4,610		4,610		(555)	2012	40
			$	9,615	$	257,661	$	2,641,298	$	674,982	$	265,244	$	3,180,514	$	3,445,758	$	(827,741)
Other non-reportable segments
Other-Hospitals
0126	Sherwood	AR		—		709		9,604		709		709		9,587		10,296		(5,517)	1989	45
0113	Glendale	AZ		—		1,565		7,050		1,565		1,565		7,050		8,615		(4,130)	1988	45
1038	Fresno	CA		—		3,652		29,113		3,652		3,652		51,048		54,700		(15,131)	2006	40
0423	Irvine	CA		—		18,000		70,800		18,000		18,000		70,800		88,800		(34,732)	1999	35
0127	Colorado Springs	CO		—		690		8,338		690		690		8,338		9,028		(4,780)	1989	45
0887	Atlanta	GA		—		4,300		13,690		4,300		4,300		11,890		16,190		(5,846)	2007	40
0112	Overland Park	KS		—		2,316		10,681		2,316		2,316		10,680		12,996		(6,481)	1988	45
1383	Baton Rouge	LA		—		690		8,545		690		690		8,496		9,186		(3,621)	2007	40
2031	Slidell	LA		—		3,000		—		3,000		3,000		643		3,643		—	2012	**
0886	Dallas	TX		—		1,820		8,508		1,820		1,820		7,454		9,274		(1,832)	2007	40
1319	Dallas	TX		—		18,840		155,659		18,840		18,840		157,084		175,924		(43,809)	2007	35
1384	Plano	TX		—		6,290		22,686		6,290		6,290		28,202		34,492		(11,476)	2007	25
2198	Webster	TX		—		2,220		9,602		2,220		2,220		9,602		11,822		(1,415)	2013	35
Other-Post-acute/skilled nursing
2469	Rural Retreat	VA		—		1,876		14,720		1,876		1,876		14,720		16,596		(509)	2013	35
Other-United Kingdom
2210	Adlington	EG		—		500		6,492		594		594		8,180		8,774		(469)	2014	45
2211	Adlington	EG		—		519		3,944		519		519		3,944		4,463		(237)	2014	60
2216	Alderley Edge	EG		—		1,143		7,963		1,143		1,143		7,963		9,106		(432)	2014	60
2217	Alderley Edge	EG		—		1,112		6,236		1,112		1,112		6,236		7,348		(355)	2014	60
2340	Altrincham	EG		—		1,594		17,073		1,594		1,594		17,073		18,667		(652)	2015	45
2312	Armley	EG		—		408		2,439		408		408		2,439		2,847		(162)	2015	45
2313	Armley	EG		—		914		2,844		914		914		2,844		3,758		(195)	2015	45
2309	Ashton under Lyne	EG		—		593		4,116		593		593		4,116		4,709		(274)	2015	40
2206	Bangor	EG		—		352		1,885		352		352		1,885		2,237		(140)	2014	50
2207	Batley	EG		—		593		2,925		593		593		2,925		3,518		(299)	2014	45
2336	Birmingham	EG		—		618		2,238		618		618		2,787		3,405		(263)	2015	45
2320	Bishopbriggs	EG		—		828		3,805		828		828		3,804		4,632		(263)	2015	40
2323	Bonnyrigg	EG		—		865		5,698		865		865		5,697		6,562		(374)	2015	40
2335	Cardiff	EG		—		1,310		4,418		1,310		1,310		5,097		6,407		(393)	2015	45
2223	Catterick Garrison	EG		—		729		1,340		729		729		1,340		2,069		(194)	2014	50
2226	Christleton	EG		—		482		4,661		482		482		4,661		5,143		(250)	2014	50
2327	Croydon	EG		—		1,458		2,278		1,458		1,458		2,293		3,751		(170)	2015	45
2221	Disley	EG		—		315		1,480		315		315		1,480		1,795		(115)	2014	50
2227	Disley	EG		—		630		3,620		630		630		3,620		4,250		(199)	2014	60
2306	Dukinfield	EG		—		692		3,702		692		692		3,702		4,394		(240)	2015	40
2316	Dukinfield	EG		—		358		2,275		358		358		2,275		2,633		(137)	2015	50
2317	Dukinfield	EG		—		482		2,567		482		482		2,568		3,050		(180)	2015	40
2318	Dumbarton	EG		—		840		3,493		840		840		3,494		4,334		(249)	2015	40
2303	Eckington	EG		—		457		1,496		457		457		1,496		1,953		(124)	2015	40
2333	Edinburgh	EG		—		4,140		22,043		4,140		4,140		22,552		26,692		(1,371)	2015	40
2208	Elstead	EG		—		816		2,795		816		815		2,796		3,611		(228)	2014	45
2328	Forfar	EG		—		779		5,662		779		778		6,052		6,830		(399)	2015	40
2214	Gilroyd	EG		—		911		1,544		911		911		1,544		2,455		(212)	2014	50
2330	Glasgow	EG		—		1,693		6,069		1,693		1,693		7,172		8,865		(567)	2015	40
2307	Hyde	EG		—		1,273		4,698		1,273		1,273		4,699		5,972		(338)	2015	45
2324	Lewisham	EG		—		1,755		6,497		1,755		1,755		7,048		8,803		(501)	2015	40
2332	Linlithgow	EG		—		1,322		6,790		1,322		1,322		7,337		8,659		(494)	2015	40
2213	Ilkley	EG		—		871		2,300		871		871		2,299		3,170		(265)	2014	45
2209	Kingswood	EG		—		952		3,547		952		952		3,547		4,499		(267)	2014	45
2212	Kirk Hammerton	EG		—		400		512		400		400		512		912		(86)	2014	50
2310	Kirkby	EG		—		519		2,477		519		519		2,477		2,996		(175)	2015	40


									Costs											Life on Which
									Capitalized		Gross Amount at Which Carried									Depreciation in
					Initial Cost to Company				Subsequent		As of December 31, 2016								Year	Latest Income
			Encumbrances at				Buildings and		to				Buildings and				Accumulated		Acquired/	Statement is
City		State	December 31, 2016		Land		Improvements		Acquisition		Land		Improvements		Total(1)		Depreciation		Constructed	Computed
2304	Knotty Ash	EG		—		593		2,077		593		593		2,077		2,670		(157)	2015	40
2322	Laindon	EG		—		1,088		2,531		1,088		1,088		2,531		3,619		(191)	2015	40
2215	Leeds	EG		—		460		726		460		460		727		1,187		(129)	2014	45
2326	Limehouse	EG		—		2,027		2,894		2,027		2,027		2,915		4,942		(235)	2015	40
2321	Luton	EG		—		976		2,894		976		976		2,895		3,871		(195)	2015	40
2339	Manchester	EG		—		1,539		13,824		1,539		1,539		13,824		15,363		(538)	2015	45
2225	N Wadebridge	EG		—		272		5,625		272		271		5,625		5,896		(341)	2014	50
2331	Paisley	EG		—		1,125		3,649		1,125		1,125		3,660		4,785		(256)	2015	40
2308	Prescot	EG		—		494		1,766		494		494		1,767		2,261		(144)	2015	40
2305	Prescot	EG		—		581		2,176		581		581		2,175		2,756		(165)	2015	40
2219	Ripon	EG		—		173		827		173		173		827		1,000		(85)	2014	45
2319	Sheffield	EG		—		680		2,470		680		680		2,470		3,150		(176)	2015	40
2314	Stalybridge	EG		—		643		3,295		643		643		3,295		3,938		(221)	2015	40
2315	Stalybridge	EG		—		507		1,723		507		507		1,723		2,230		(123)	2015	50
2218	Stapeley	EG		—		908		5,928		908		908		5,928		6,836		(374)	2014	60
2325	Stirling	EG		—		828		4,502		828		828		4,914		5,742		(339)	2015	40
2329	Stirling	EG		—		1,013		3,691		1,013		1,013		4,281		5,294		(344)	2015	40
2224	Stockton-on-Tees	EG		—		267		1,905		267		267		1,905		2,172		(158)	2014	50
2220	Thornton-Cleveleys	EG		—		834		4,170		834		834		4,171		5,005		(317)	2014	50
2228	Upper Wortley	EG		—		415		3,074		415		414		3,074		3,488		(209)	2014	50
2311	Wigan	EG		—		655		2,430		655		654		2,429		3,083		(213)	2015	40
2337	Wigan	EG		—		494		1,662		494		493		1,676		2,169		(142)	2015	40
2338	Wigan	EG		—		433		3,460		433		432		3,481		3,913		(229)	2015	40
2222	Woolmer Green	EG		—		760		5,536		760		760		5,536		6,296		(380)	2014	50
2334	Wotton under Edge	EG		—		581		2,275		581		581		2,424		3,005		(208)	2015	40
			$	—	$	117,537	$	618,028	$	117,631	$	117,624	$	651,878	$	769,502	$	(156,417)

Total operations properties			$	624,598	$	1,870,192	$	10,369,449	$	2,313,407	$	1,881,487	$	12,093,091	$	13,974,578	$	(2,648,841)
Corporate and other assets				(806)		—		—		338		—		182		182		(89)
Total			$	623,792	$	1,870,192	$	10,369,449	$	2,313,745	$	1,881,487	$	12,093,273	$	13,974,760	$	(2,648,930)


*	Property is in development and not yet placed in service or taken out of service and placed in redevelopment.
**	Represents land parcels which are not depreciated.

	(1)		At December 31, 2016, the tax basis of the Company’s net real estate assets is less than the reported amounts by $1.2 billion (unaudited).

	(b)		A summary of activity for real estate and accumulated depreciation follows (in thousands):


	Year ended December 31,
	2016		2015		2014
Real estate:
Balances at beginning of year	$	14,330,257	$	12,931,832	$	12,592,841
Acquisition of real estate and development and improvements		987,135		1,930,931		756,043
Disposition of real estate		(577,799)		(121,374)		(169,311)
Impairments		—		(3,118)		—
Balances associated with changes in reporting presentation(1)		(764,833)		(408,014)		(247,741)
Balances at end of year	$	13,974,760	$	14,330,257	$	12,931,832
Accumulated depreciation:
Balances at beginning of year	$	2,476,015	$	2,190,486	$	1,965,592
Depreciation expense		465,945		418,591		384,019
Disposition of real estate		(109,949)		(17,251)		(55,745)
Balances associated with changes in reporting presentation(1)		(183,081)		(115,811)		(103,380)
Balances at end of year	$	2,648,930	$	2,476,015	$	2,190,486

	(1)		The balances associated with changes in reporting presentation represent real estate and accumulated depreciation related to fully depreciated assets written off, properties placed into discontinued operations or where the lease classification has changed to direct financing leases.

(a) 2.Exhibits

See the Exhibit Index immediately following the signature page of this Annual Report on Form 10-K.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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.

Dated: February 13, 2017

	HCP, Inc. (Registrant)

	/s/ THOMAS M. HERZOG
	Thomas M. Herzog,
	Chief Executive Officer (Principal Executive Officer and Principal Financial Officer)

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

Signature	Title	Date


/s/ MICHAEL D. MCKEE	Executive Chairman of the Board	February 13, 2017
Michael D. McKee

/s/ THOMAS M. HERZOG	Chief Executive Officer	February 13, 2017
Thomas M. Herzog	(Principal Executive Officer and Principal Financial Officer), Director

/s/ Scott A. Anderson	Executive Vice President and Chief	February 13, 2017
Scott A. Anderson	Accounting Officer (Principal Accounting Officer)

/s/ Brian G. Cartwright	Director	February 13, 2017
Brian G. Cartwright

/s/ Christine N. Garvey	Director	February 13, 2017
Christine N. Garvey

/s/ David B. Henry	Director	February 13, 2017
David B. Henry

/s/ James P. Hoffmann	Director	February 13, 2017
James P. Hoffmann

/s/ Peter L. Rhein	Director	February 13, 2017
Peter L. Rhein

/s/ Joseph P. Sullivan	Director	February 13, 2017
Joseph P. Sullivan

EXHIBIT INDEX


Exhibit		Incorporated by reference herein
Number	Description	Form	Date Filed
2.1	Purchase and Sale Agreement, dated as of October 16, 2012, by and among BRE/SW Portfolio LLC, those owner entities listed on Schedule 1 thereto, HCP, Inc. and Emeritus Corporation; and First Amendment to such Purchase and Sale Agreement, by and among such parties, dated as of December 4, 2012.***	Quarterly Report on Form 10‑Q (File No. 001‑08895)	May 2, 2013
2.2	Master Contribution and Transactions Agreement, dated April 23, 2014, by and between HCP, Inc. and Brookdale Senior Living Inc.***	Quarterly Report on Form 10-Q (File No. 001‑08895)	August 5, 2014
2.3	Separation and Distribution Agreement, dated October 31, 2016, by and between HCP and Quality Care Properties, Inc.	Current Report on Form 8-K (File No. 001-08895)	October 31, 2016
3.1	Articles of Restatement of HCP.	Registration Statement on Form S‑3 (Registration No. 333‑182824)	July 24, 2012
3.2	Fifth Amended and Restated Bylaws of HCP.	Current Report on Form 8‑K (File No. 001‑08895)	February 11, 2015
3.3	Amendment No. 1 to Fifth Amended and Restated Bylaws of HCP.	Current Report on Form 8‑K (File No. 001‑08895)	February 1, 2016
4.1	Indenture, dated as of September 1, 1993, between HCP and The Bank of New York, as Trustee.	Registration Statement on Form S‑3/A (Registration No. 333‑86654)	May 21, 2002
4.1.1	First Supplemental Indenture dated as of January 24, 2011, to the Indenture, dated as of September 1, 1993, by and between HCP and The Bank of New York Mellon Trust Company, N.A., as Trustee.	Current Report on Form 8‑K (File No. 001‑08895)	January 24, 2011
4.2	Indenture, dated November 19, 2012, between HCP and The Bank of New York Mellon Trust Company, N.A., as trustee.	Current Report on Form 8‑K (File No. 001‑ 08895)	November 19, 2012
4.2.1	First Supplemental Indenture, dated November 19, 2012, between HCP and The Bank of New York Mellon Trust Company, N.A., as trustee.	Current Report on Form 8‑K (File No. 001‑08895)	November 19, 2012
4.2.2	Second Supplemental Indenture, dated November 12, 2013, between HCP and The Bank of New York Mellon Trust Company, N.A., as trustee.	Current Report on Form 8‑K (File No. 001‑08895)	November 13, 2013
4.2.3	Third Supplemental Indenture dated February 21, 2014, between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee.	Current Report on Form 8‑K (File No. 001‑08895)	February 24, 2014
4.2.4	Fourth Supplemental Indenture, dated August 14, 2014, between HCP and The Bank of New York Mellon Trust Company, N.A., as trustee.	Current Report on Form 8‑K (File No. 001‑08895)	August 14, 2014
4.2.5	Fifth Supplemental Indenture, dated January 21, 2015, between HCP and The Bank of New York Mellon Trust Company, N.A., as trustee.	Current Report on Form 8‑K (File No. 001‑08895)	January 21, 2015

Exhibit		Incorporated by reference herein
Number	Description	Form	Date Filed
4.2.6	Sixth Supplemental Indenture, dated May 20, 2015, between HCP and The Bank of New York Mellon Trust Company, N.A., as trustee.	Current Report on Form 8‑K (File No. 001‑08895)	May 20, 2015
4.2.7	Seventh Supplemental Indenture dated December 1, 2015, between HCP and The Bank of New York Mellon Trust Company, N.A., as trustee.	Current Report on Form 8‑K (File No. 001‑08895)	December 1, 2015
4.3	Form of Fixed Rate Global Medium‑Term Note.	Current Report on Form 8‑K (File No. 001‑08895)	November 20, 2003
4.4	Form of Floating Rate Global Medium‑Term Note.	Current Report on Form 8‑K (File No. 001‑08895)	November 20, 2003
4.5	Form of Fixed Rate Global Medium‑Term Note.	Current Report on Form 8‑K (File No. 001‑08895)	February 17, 2006
4.6	Form of Floating Rate Global Medium‑Term Note.	Current Report on Form 8‑K (File No. 001‑08895)	February 17, 2006
4.7	Officers’ Certificate, dated April 22, 2005, pursuant to Section 301 of the Indenture, dated as of September 1, 1993, by and between HCP and The Bank of New York, as Trustee, establishing a series of securities entitled “55/8% Senior Notes due May 1, 2017”.	Current Report on Form 8‑K (File No. 001‑08895)	April 27, 2005
4.8	Officers’ Certificate, dated February 17, 2006, pursuant to Section 301 of the Indenture, dated as of September 1, 1993, by and between HCP and The Bank of New York, as trustee, setting forth the terms of HCP’s Fixed Rate Medium‑Term Notes and Floating Rate Medium‑Term Notes.	Current Report on Form 8‑K (File No. 001‑08895)	February 17, 2006
4.9	Form of 3.75% Senior Notes due 2019.	Current Report on Form 8‑K (File No. 001‑08895)	January 23, 2012
4.10	Form of 3.15% Senior Notes due 2022.	Current Report on Form 8‑K (File No. 001‑08895)	July 23, 2012
4.11	Form of 2.625% Senior Notes due 2020.	Current Report on Form 8‑K (File No. 001‑08895)	November 19, 2012
4.12	Form of 4.250% Senior Notes due 2023.	Current Report on Form 8‑K (File No. 001‑08895)	November 13, 2013
4.13	Form of 4.20% Senior Notes due 2024.	Current Report on Form 8‑K (File No. 001‑08895)	February 24, 2014
4.14	Form of 3.875% Senior Notes due 2024.	Current Report on Form 8‑K (File No. 001‑08895)	August 14, 2014
4.15	Form of 3.400% Senior Notes due 2025.	Current Report on Form 8‑K (File No. 001‑08895)	January 21, 2015
4.16	Form of 4.000% Senior Notes due 2025.	Current Report on Form 8‑K (File No. 001‑08895)	May 20, 2015
4.17	Form of 4.000% Senior Notes due 2022.	Current Report on Form 8‑K (File No. 001‑08895)	December 1, 2015
10.1	Second Amended and Restated Director Deferred Compensation Plan.*	Quarterly Report on Form 10‑Q (File No. 001‑08895)	November 3, 2009

Exhibit		Incorporated by reference herein
Number	Description	Form	Date Filed
10.2	Amended and Restated Executive Retirement Plan, effective as of May 7, 2003.*	Annual Report on Form 10‑K (File No. 001‑08895)	March 15, 2004
10.3	2006 Performance Incentive Plan, as amended and restated.*	Annex 2 to HCP’s Proxy Statement (File No. 001‑08895)	March 10, 2009
10.3.1	Form of Employee 2006 Performance Incentive Plan Performance Restricted Stock Unit Agreement with five‑year installment vesting.*	Quarterly Report on Form 10‑Q (File No. 001‑08895)	April 28, 2009
10.3.2	Form of Director 2006 Performance Incentive Plan Director Stock Unit Award Agreement with four‑year installment vesting.*	Quarterly Report on Form 10‑Q (File No. 001‑08895)	August 4, 2009
10.3.3	HCP, Inc. Terms and Conditions Applicable to Restricted Stock Unit Awards Granted Under the 2006 Performance Incentive Plan.*	Quarterly Report on Form 10‑Q (File No. 001‑08895)	May 3, 2011
10.3.4	Form of Employee 2006 Performance Incentive Plan Nonqualified Stock Option Agreement.*	Quarterly Report on Form 10‑Q (File No. 001‑08895)	May 1, 2012
10.3.5	Form of Employee 2006 Performance Incentive Plan Performance‑Based Restricted Stock Unit Agreement.*	Quarterly Report on Form 10‑Q (File No. 001‑08895)	May 1, 2012
10.3.6	Form of Employee 2006 Performance Incentive Plan Time‑Based Restricted Stock Unit Agreement.*	Quarterly Report on Form 10‑Q (File No. 001‑08895)	May 1, 2012
10.3.7	Restricted Stock Unit Award Agreement, dated as of October 3, 2013, by and between HCP and Timothy M. Schoen.*	Quarterly Report on Form 10‑Q (File 001‑ 08895)	November 4, 2013
10.3.8	Amended 2013 Restricted Stock Award Agreement, dated as of December 20, 2013, by and between HCP and Lauralee E. Martin.*	Annual Report on Form 10‑K (File No. 001‑08895)	February 11, 2014
10.3.9	HCP Executive Severance Plan	Quarterly Report on Form 10-Q (File No. 001-08895)	November 1, 2016
10.4	HCP, Inc. 2014 Performance Incentive Plan.*	Current Report on Form 8‑K (File No. 001‑08895)	May 6, 2014
10.4.1	Form of 2014 Performance Incentive Plan Non-Employee Director Restricted Stock Unit Award Agreement.*	Quarterly Report on Form 10-Q (File No. 001‑08895)	August 5, 2014
10.4.2	Form of 2014 Performance Incentive Plan CEO Annual LTIP Restricted Stock Unit Award Agreement.*	Quarterly Report on Form 10-Q (File No. 001‑08895)	August 5, 2014
10.4.3	Form of 2014 Performance Incentive Plan CEO Annual LTIP Option Agreement.*	Quarterly Report on Form 10-Q (File No. 001‑08895)	August 5, 2014
10.4.4	Form of 2014 Performance Incentive Plan CEO 3-Year LTIP Restricted Stock Unit Award Agreement.*	Quarterly Report on Form 10-Q (File No. 001‑08895)	August 5, 2014
10.4.5	Form of 2014 Performance Incentive Plan NEO Annual LTIP Restricted Stock Unit Award Agreement.*	Quarterly Report on Form 10-Q (File No. 001‑08895)	August 5, 2014
10.4.6	Form of 2014 Performance Incentive Plan NEO Annual LTIP Option Agreement.*	Quarterly Report on Form 10-Q (File No. 001‑08895)	August 5, 2014
10.4.7	Form of 2014 Performance Incentive Plan NEO 3-Year LTIP Restricted Stock Unit Award Agreement.*	Quarterly Report on Form 10-Q (File No. 001‑08895)	August 5, 2014

Exhibit		Incorporated by reference herein
Number	Description	Form	Date Filed
10.4.8	Form of 2014 Performance Incentive Plan Non-NEO Restricted Stock Unit Award Agreement.*	Quarterly Report on Form 10-Q (File No. 001‑08895)	August 5, 2014
10.4.9	Form of 2014 Performance Incentive Plan Non-NEO Option Agreement.*	Quarterly Report on Form 10-Q (File No. 001‑08895)	August 5, 2014
10.4.10	Form of 2014 Performance Incentive Plan Non-Employee Directors Stock-for-Fees Program.*	Quarterly Report on Form 10-Q (File No. 001‑08895)	August 5, 2014
10.4.11	Form of CEO 3-Year LTIP RSU Agreement.*	Quarterly Report on Form 10-Q (File No. 001‑08895)	May 5, 2015
10.4.12	Form of CEO 1-Year LTIP RSU Agreement.*	Quarterly Report on Form 10-Q (File No. 001‑08895)	May 5, 2015
10.4.13	Form of CEO Retentive LTIP RSU Agreement.*	Quarterly Report on Form 10-Q (File No. 001‑08895)	May 5, 2015
10.4.14	Form of NEO 3-Year LTIP RSU Agreement.*	Quarterly Report on Form 10-Q (File No. 001‑08895)	May 9, 2015
10.4.15	Form of NEO 1-Year LTIP RSU Agreement.*	Quarterly Report on Form 10-Q (File No. 001‑08895)	May 5, 2015
10.4.16	Form of NEO Retentive LTIP RSU Agreement.*	Quarterly Report on Form 10-Q (File No. 001‑08895)	May 9, 2015
10.4.17	Form of Non-Employee Director RSU Agreement.*	Quarterly Report on Form 10-Q (File No. 001‑08895)	May 5, 2015
10.5	Change in Control Severance Plan.*	Quarterly Report on Form 10-Q (File No. 001‑08895)	October 30, 2012
10.5.1	HCP Change in Control Severance Plan (as Amended and Restated as of May 6, 2016).*	Quarterly Report on Form 10-Q (File No. 001 08895)	November 1, 2016
10.6	Amended and Restated Dividend Reinvestment and Stock Purchase Plan, amended as of July 25, 2012.	Registration Statement on Form S‑3 (Registration No. 333‑182824)	July 24, 2012 and as supplemented on July 25, 2012
10.7	Amended and Restated Dividend Reinvestment and Stock Purchase Plan, amended as of June 26, 2015.	Registration Statement on Form S‑3 (Registration No. 333‑205241)	June 26, 2015 and as supplemented on June 26, 2015
10.8	Form of Directors and Officers Indemnification Agreement.*	Annual Report on Form 10‑K, as amended (File No. 001‑08895)	February 12, 2008
10.9	Employment Agreement, dated as of January 26, 2012, by and between HCP and Paul F. Gallagher.*	Current Report on Form 8‑K (File 001‑08895)	February 1, 2012
10.10	Employment Agreement, dated as of January 26, 2012, by and between HCP and Timothy M. Schoen.*	Current Report on Form 8‑K (File 001‑08895)	February 1, 2012
10.10.1	Amendment No. 1, dated as of April 5, 2013, to the Employment Agreement, dated as of January 26, 2012, by and between HCP and Timothy M. Schoen.*	Current Report on Form 8‑K (File 001‑08895)	April 5, 2013
10.10.2	Term Sheet Amendment to Employment Agreement, dated as of October 3, 2013, by and between HCP and Timothy M. Schoen.*	Current Report on Form 8‑K (File 001‑ 08895)	October 3, 2013
10.10.3	Amendment No. 2, dated as of October 31, 2013, to the Employment Agreement, dated as of January 26, 2012, by and between HCP and Timothy M. Schoen.*	Quarterly Report on Form 10‑Q (File 001‑08895)	November 4, 2013

Exhibit		Incorporated by reference herein
Number	Description	Form	Date Filed
10.11	Employment Agreement, dated as of October 2, 2013, by and between HCP and Lauralee E. Martin.*	Current Report on Form 8‑K (File 001‑08895)	October 3, 2013
10.12	Employment Agreement, effective as of September 8, 2015, by and between HCP and J. Justin Hutchens.*	Quarterly Report on Form 10‑Q (File 001‑08895)	November 3, 2015
10.12.1	Amendment No. 1 to Employment Agreement, dated as of September 1, 2015, by and between HCP and J. Justin Hutchens.*	Quarterly Report on Form 10‑Q (File 001‑08895)	November 3, 2015
10.13	Amended and Restated Limited Liability Company Agreement of HCPI/Utah, LLC, dated as of January 20, 1999.	Annual Report on Form 10‑K (File No. 001‑ 08895)	March 29, 1999
10.14	Amended and Restated Limited Liability Company Agreement of HCPI/Utah II, LLC, dated as of August 17, 2001, as amended.	Current Report on Form 8‑K (File No. 001‑08895)	November 9, 2012
10.15	Amended and Restated Limited Liability Company Agreement of HCPI/Tennessee, LLC, dated as of October 2, 2003.	Quarterly Report on Form 10‑Q (File No. 001‑ 08895)	November 12, 2003
10.15.1	Amendment No. 1 to Amended and Restated Limited Liability Company Agreement of HCPI/Tennessee, LLC, dated as of September 29, 2004.	Quarterly Report on Form 10‑Q (File No. 001‑08895)	November 8, 2004
10.15.2	Amendment No. 2 to Amended and Restated Limited Liability Company Agreement of HCPI/Tennessee, LLC, dated as of October 29, 2004.	Annual Report on Form 10‑K (File No. 001‑08895)	March 15, 2005
10.15.3	Amendment No. 3 to Amended and Restated Limited Liability Company Agreement of HCPI/Tennessee, LLC and New Member Joinder Agreement, dated as of October 19, 2005, by and among HCP, HCPI/Tennessee, LLC and A. Daniel Weyland.	Quarterly Report on Form 10‑Q (File No. 001‑08895)	November 1, 2005
10.15.4	Amendment No. 4 to Amended and Restated Limited Liability Company Agreement of HCPI/Tennessee, LLC, effective as of January 1, 2007.	Annual Report on Form 10‑K, as amended (File No. 001‑08895)	February 12, 2008
10.16	Amended and Restated Limited Liability Company Agreement of HCP DR California II, LLC, dated as of June 1, 2014.	Quarterly Report on Form 10-Q (File No. 001‑08895)	August 5, 2014
10.17	Credit Agreement, dated March 11, 2011, by and among HCP, as borrower, the lenders referred to therein, and Bank of America, N.A., as administrative agent.	Current Report on Form 8‑K (File No. 001‑08895)	March 15, 2011
10.17.1	Amendment No. 1 to Credit Agreement, dated March 27, 2012, by and among HCP, as borrower, the lenders referred to therein and Bank of America, N.A., as administrative agent.	Current Report on Form 8‑K (File No. 001‑08895)	March 29, 2012

Exhibit		Incorporated by reference herein
Number	Description	Form	Date Filed
10.17.2	Amendment No. 2 to Credit Agreement, dated May 7, 2013, by and among HCP, as borrower, the financial institutions referred to therein, and Bank of America, N.A., as administrative agent.	Quarterly Report on Form 10‑Q (File No. 001‑08895)	August 2, 2013
10.17.3	Amendment No. 3 to Credit Agreement, dated March 31, 2014, by and among the Company, as borrower, the financial institutions referred to therein, and Bank of America, N.A., as administrative agent.	Current Report on Form 8‑K (File No. 001‑08895)	March 31, 2014
10.17.4	Amendment No. 4 to Credit Agreement, dated November 24, 2014, by and among the Company, as borrower, the financial institutions referred to therein, and Bank of America, N.A., as administrative agent.	Annual Report on Form 10‑K (File No. 001‑08895)	February 10, 2015
10.17.5	Amendment No. 5 to Credit Agreement, dated September 27, 2016, by and among the Company, as borrower, the financial institutions referred to therein, and Bank of America, N.A., as administrative agent.	Current Report on Form 8‑K (File No. 001‑ 08895)	September 28, 2016
10.18	Master Lease and Security Agreement, dated as of October 31, 2012, by and between HCPI Trust, HCP Senior Housing Properties Trust, HCP SH ELP1 Properties, LLC, HCP SH ELP2 Properties, LLC, HCP SH ELP3 Properties, LLC, HCP SH Lassen House, LLC, HCP SH Mountain Laurel, LLC, HCP SH Mountain View, LLC, HCP SH Oakridge, LLC, HCP SH River Valley Landing, LLC and HCP SH Sellwood Landing, LLC, as lessor, and Emeritus Corporation, as lessee.**	Annual Report on Form 10‑K (File No. 001‑08895)	February 12, 2013
10.18.1	First Amendment to Master Lease and Security Agreement, dated as of December 4, 2012, by and between HCPI Trust, HCP Senior Housing Properties Trust, HCP SH ELP1 Properties, LLC, HCP SH ELP2 Properties, LLC, HCP SH ELP3 Properties, LLC, HCP SH Lassen House, LLC, HCP SH Mountain Laurel, LLC, HCP SH Mountain View, LLC, HCP SH Oakridge, LLC, HCP SH River Valley Landing, LLC and HCP SH Sellwood Landing, LLC, as lessor, and Emeritus Corporation, as lessee.**	Annual Report on Form 10‑K (File No. 001‑08895)	February 12, 2013

Exhibit		Incorporated by reference herein
Number	Description	Form	Date Filed
10.18.2	Omnibus Amendment to Leases, dated as of July 31, 2014, which amends the Master Lease and Security Agreement, dated as of October 31, 2012, by and between HCPI Trust, HCP Senior Housing Properties Trust, HCP SH ELP1 Properties, LLC, HCP SH ELP2 Properties, LLC, HCP SH ELP3 Properties, LLC, HCP SH Lassen House, LLC, HCP SH Mountain Laurel, LLC, HCP SH Mountain View, LLC, HCP SH Oakridge, LLC, HCP SH River Valley Landing, LLC and HCP SH Sellwood Landing, LLC, as lessor, and Emeritus Corporation, as lessee, as amended.**	Quarterly Report on Form 10‑Q (File No. 001‑08895)	November 4, 2014
10.19	Amended and Restated Master Lease and Security Agreement, dated as of August 29, 2014, by and between HCP AUR1 California A Pack, LLC, HCP EMOH, LLC, HCP Hazel Creek, LLC, HCP MA2 California, LP, HCP MA2 Massachusetts, LP, HCP MA2 Ohio, LP, HCP MA2 Oklahoma, LP, HCP MA3 California, LP, HCP MA3 South Carolina, LP, HCP MA3 Washington LP, HCP Partners, LP, HCP Senior Housing Properties Trust, HCP SH Eldorado Heights LLC, HCP SH ELP1Properties, LLC, HCP SH ELP2 Properties, LLC, HCP SH ELP3 Properties, LLC, HCP SH Lassen House, LLC, HCP SH Mountain Laurel, LLC, HCP SH Mountain View, LLC, HCP SH River Valley Landing, LLC, HCP SH Sellwood Landing, LLC, HCP ST1 Colorado, LP, HCP, Inc. and HCPI Trust, as their interests may appear, as lessor, and Emeritus Corporation, Summerville at Hazel Creek, LLC and Summerville at Prince William, Inc., as lessee.**	Quarterly Report on Form 10‑Q (File No. 001‑08895)	November 4, 2014
10.19.1	First Amendment to Amended and Restated Master Lease and Security Agreement and Option Exercise Notice, dated as of December 29, 2014, by and between HCP, Inc. and Brookdale Senior Living Inc.**	Annual Report on Form 10-K (File No. 1-08895)	February 10, 2015
10.19.2	Second Amendment to Amended and Restated Master Lease and Security Agreement, dated as of January 1, 2015, by and among the entities collectively defined therein as Lessor, consisting of HCP and certain of its subsidiaries, the entities collectively defined therein as Lessee, each a subsidiary of Brookdale Senior Living Inc., and Brookdale Senior Living Inc. as guarantor.**	Annual Report on Form 10-K (File No. 1-08895)	February 10, 2015

Exhibit		Incorporated by reference herein
Number	Description	Form	Date Filed
10.19.3	Third Amendment to Amended and Restated Master Lease and Security Agreement, dated as of May 1, 2015, by and among the entities collectively defined therein as Lessor, consisting of HCP and certain of its subsidiaries, the entities collectively defined therein as Lessee, each a subsidiary of Brookdale Senior Living Inc., and Brookdale Senior Living Inc. as guarantor.	Quarterly Report on Form 10-Q (File No. 1-08895)	August 4, 2015
10.20	At-the-Market Equity Offering Sales Agreement, dated June 26, 2015, among HCP, J.P. Morgan Securities LLC, BNY Mellon Capital Markets, Citigroup Global Markets Inc., LLC, Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, LLC and UBS Securities LLC.	Current Report on Form 8-K (File No. 1-08895)	June 26, 2015
21.1	Subsidiaries of the Company.†
23.1	Consent of Independent Registered Public Accounting Firm—Deloitte & Touche LLP.†
31.1	Certification by Thomas M. Herzog, HCP’s Principal Executive Officer and Principal Financial Officer, Pursuant to Securities Exchange Act Rule 13a‑14(a).†
32.1	Certification by Thomas M. Herzog, HCP’s Principal Executive Officer and Principal Financial Officer, Pursuant to Securities Exchange Act Rule 13a‑14(b) and 18 U.S.C. Section 1350.†
101.INS	XBRL Instance Document.†
101.SCH	XBRL Taxonomy Extension Schema Document.†
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document.†
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document.†
101.LAB	XBRL Taxonomy Extension Labels Linkbase Document.†
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document.†

Management Contract or Compensatory Plan or Arrangement.

** Portions of this exhibit have been omitted pursuant to a request for confidential treatment with the SEC.

*** Certain schedules or similar attachments have been omitted pursuant to Item 601(b)(2) of Regulation S-K. The Company agrees to furnish supplemental copies of any of the omitted schedules or attachments upon request by the SEC.

† Filed herewith.

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