At March 31, 2010, HCP had $14.1 billion in assets under management.

⁽¹⁾ Represents the historical cost of real estate owned by HCP and 100% of the cost of real estate owned by unconsolidated joint ventures as of March 31, 2010. Excludes $1.8 billion of mezzanine debt and Manor Care secured debt investments, because the investments with these assets cannot be allocated to a particular region.

⁽²⁾ "Various" - 36 states and Mexico with less than 3%.