HCP CFO Timothy Schoen to Leave Company for BioMed Realty

by Jeff Shaw

IRVINE, Calif. — Timothy Schoen has announced he will resign his position as chief financial officer of HCP (NYSE: HCP) to become president of BioMed Realty.

HCP is a publicly traded REIT based in Irvine and the fourth largest owner of seniors housing properties in the United States, according to the American Seniors Housing Association.

BioMed Realty is a San Diego-based life science real estate company. Blackstone Real Estate Partners VIII L.P. purchased the company for approximately $8 billion in January.

Schoen will remain in his current role at HCP through May 22 to oversee reporting of first-quarter earnings. HCP has retained Spencer Stuart, a global executive search firm, to lead the search for a new CFO.

Schoen joined HCP in 2006 and has served as CFO since 2011. From 2009 to 2011, he was executive vice president of life science and investment management, during which time he led HCP’s life science platform. 

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