IRVINE, Calif. — HCP Inc. (NYSE: HCP), one of the Big Three REITs investing in seniors housing, has appointed Katherine Sandstrom as an independent director to its Board of Directors. Sandstrom will also serve as a member of the Compensation & Human Capital Committee and the Investment & Finance Committee.
Sandstrom's career spans over two decades at Heitman LLC, a real estate investment management firm, where she held a series of senior leadership positions. Most recently, she served as head of Heitman's real estate securities business, overseeing more than $5 billion of assets invested through domestic and global funds, as well as separately managed accounts.
Additionally, she led Heirman’s buy-side investment teams for REIT securities strategies and assets held by institutional and private wealth clients. She continues to serve as an advisor to Heitman's securities business leaders.
The appointment of Sandstrom expands the board to nine directors, four of whom have joined within the last two years.