There has been a lot of mobility in the seniors housing C-suite lately (Kai Hsiao stepping down as CEO of Holiday Retirement earlier this year, Doug Korey heading over to LTC Properties, the recent Brookdale Senior Living shuffle, etc…), and yet another job change was announced at the end of March. HCP’s Chief Financial Officer, Timothy Schoen, is leaving the company to become President of BioMed Realty, a life science real estate company based in San Diego that was recently purchased by real estate funds managed by Blackstone for approximately $8 billion. Mr. Schoen had been with HCP since 2006 and has served as Executive Vice President since 2009 and CFO since 2011. Mr. Schoen will remain in his current role at HCP until May 22 to oversee first quarter earnings and help with a smooth transition.
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