IRVINE, Calif. — Paul Gallagher has resigned from his position as executive vice president and chief investment officer of real estate investment trust HCP Inc.
The resignation will be effective June 30, though Gallagher will provide consulting services until March 2016 to smooth the transition. The reason for the resignation was not disclosed.
“Paul has been a valued member of our management team and we greatly appreciate his contributions over the past 12 years, especially in growing and diversifying our portfolio,” says Lauralee Martin, HCP’s president and CEO. “We have strong, dedicated investment teams across our real estate sectors, and will continue executing our portfolio strategy with existing and new operating partners.”