Skilled Nursing Owner Defaults on $257 Million HCP Loan

HCP Inc. (NYSE: HCP) is feeling a bit of financial pressure due to a skilled nursing company that’s struggling to repay a loan. The Irvine, California-based real estate investment trust (REIT) is expecting that the resulting material impairment will exceed $20 million. The skilled nursing company in question—Tandem Health Care—currently owns 32 post-acute or skilled […]