<?xml version="1.0" encoding="us-ascii"?>
<!-- Created by Merrill Corporation -->
<!--Generated by IRIS XBRL Generation Engine-->
<link:linkbase xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureSubsequentEventsDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureSubsequentEventsDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureDebtDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureDebtDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureMergersAndAcquisitionDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureMergersAndAcquisitionDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureIntangiblesDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureIntangiblesDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureRealEstateAndAccumulatedDepreciationDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureRealEstateAndAccumulatedDepreciationDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureNetInvestmentInDirectFinancingLeasesDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureNetInvestmentInDirectFinancingLeasesDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureCommitmentsAndContingenciesDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureCommitmentsAndContingenciesDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureLoansReceivableDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureLoansReceivableDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureOtherAssetsDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureOtherAssetsDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureRealEstatePropertyInvestmentsDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureRealEstatePropertyInvestmentsDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureSupplementalCashFlowInformationDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureSupplementalCashFlowInformationDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureMergersAndAcquisitionTables" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureMergersAndAcquisitionTables" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureEquityDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureEquityDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureEquityTables" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureEquityTables" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureCommitmentsAndContingenciesTables" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureCommitmentsAndContingenciesTables" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureEarningsPerCommonShareDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureEarningsPerCommonShareDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureInvestmentsInAndAdvancesToUnconsolidatedJointVenturesDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureInvestmentsInAndAdvancesToUnconsolidatedJointVenturesDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureFairValueMeasurementsDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureFairValueMeasurementsDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureImpairmentsDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureImpairmentsDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureSelectedQuarterlyFinancialDataDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureSelectedQuarterlyFinancialDataDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureSegmentDisclosuresDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureSegmentDisclosuresDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureSelectedQuarterlyFinancialDataDetails2" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureSelectedQuarterlyFinancialDataDetails2" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureCompensationPlansDetails2" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureCompensationPlansDetails2" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureIncomeTaxesDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureIncomeTaxesDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureInvestmentsInAndAdvancesToUnconsolidatedJointVenturesDetails2" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureInvestmentsInAndAdvancesToUnconsolidatedJointVenturesDetails2" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureLoansReceivableDetails3" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureLoansReceivableDetails3" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureDispositionsOfRealEstateAndDiscontinuedOperationsDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureDispositionsOfRealEstateAndDiscontinuedOperationsDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureRealEstatePropertyInvestmentsDetails2" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureRealEstatePropertyInvestmentsDetails2" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureFutureMinimumRentsDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureFutureMinimumRentsDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureDisclosuresAboutFairValueOfFinancialInstrumentsDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureDisclosuresAboutFairValueOfFinancialInstrumentsDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureRealEstateAndAccumulatedDepreciationDetails3" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureRealEstateAndAccumulatedDepreciationDetails3" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureVariableInterestEntitiesDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureVariableInterestEntitiesDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureInvestmentsInAndAdvancesToUnconsolidatedJointVenturesTables" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureInvestmentsInAndAdvancesToUnconsolidatedJointVenturesTables" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureDebtTables" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureDebtTables" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureDerivativeFinancialInstrumentsDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureDerivativeFinancialInstrumentsDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureCommitmentsAndContingenciesDetails3" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureCommitmentsAndContingenciesDetails3" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureCommitmentsAndContingenciesDetails2" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureCommitmentsAndContingenciesDetails2" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureSegmentDisclosuresDetails2" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureSegmentDisclosuresDetails2" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPolicies" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureSummaryOfSignificantAccountingPoliciesPolicies" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureSummaryOfSignificantAccountingPoliciesDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureSummaryOfSignificantAccountingPoliciesDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureRealEstatePropertyInvestmentsTables" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureRealEstatePropertyInvestmentsTables" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureDispositionsOfRealEstateAndDiscontinuedOperationsTables" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureDispositionsOfRealEstateAndDiscontinuedOperationsTables" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureNetInvestmentInDirectFinancingLeasesTables" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureNetInvestmentInDirectFinancingLeasesTables" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureLoansReceivableTables" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureLoansReceivableTables" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureIntangiblesTables" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureIntangiblesTables" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureOtherAssetsTables" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureOtherAssetsTables" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureCommitmentsAndContingenciesDetails4" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureCommitmentsAndContingenciesDetails4" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureCommitmentsAndContingenciesDetails5" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureCommitmentsAndContingenciesDetails5" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureFutureMinimumRentsTables" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureFutureMinimumRentsTables" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureSegmentDisclosuresTables" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureSegmentDisclosuresTables" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureSegmentDisclosuresDetails3" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureSegmentDisclosuresDetails3" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureDerivativeFinancialInstrumentsTables" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureDerivativeFinancialInstrumentsTables" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureSupplementalCashFlowInformationTables" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureSupplementalCashFlowInformationTables" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureBusinessDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureBusinessDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureEarningsPerCommonShareTables" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureEarningsPerCommonShareTables" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureFairValueMeasurementsTables" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureFairValueMeasurementsTables" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureDisclosuresAboutFairValueOfFinancialInstrumentsTables" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureDisclosuresAboutFairValueOfFinancialInstrumentsTables" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureIncomeTaxesTables" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureIncomeTaxesTables" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureCompensationPlansTables" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureCompensationPlansTables" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureSelectedQuarterlyFinancialDataTables" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureSelectedQuarterlyFinancialDataTables" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureVariableInterestEntitiesTables" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureVariableInterestEntitiesTables" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureCompensationPlansDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureCompensationPlansDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureSelectedQuarterlyFinancialDataDetails3" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureSelectedQuarterlyFinancialDataDetails3" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureTransactionsWithRelatedPartiesDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureTransactionsWithRelatedPartiesDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureValuationAndQualifyingAccountsDetails" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureValuationAndQualifyingAccountsDetails" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureRealEstateAndAccumulatedDepreciationDetails2" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureRealEstateAndAccumulatedDepreciationDetails2" />
  <link:roleRef roleURI="http://www.hcpi.com/role/CashFlows" xlink:type="simple" xlink:href="hcp-20140630.xsd#CashFlows" />
  <link:roleRef roleURI="http://www.hcpi.com/role/StatementOfIncome" xlink:type="simple" xlink:href="hcp-20140630.xsd#StatementOfIncome" />
  <link:roleRef roleURI="http://www.hcpi.com/role/StatementOfStockholdersEquity" xlink:type="simple" xlink:href="hcp-20140630.xsd#StatementOfStockholdersEquity" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureImpairments" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureImpairments" />
  <link:roleRef roleURI="http://www.hcpi.com/role/BalanceSheetParenthetical" xlink:type="simple" xlink:href="hcp-20140630.xsd#BalanceSheetParenthetical" />
  <link:roleRef roleURI="http://www.hcpi.com/role/StatementOfStockholdersEquityParenthetical" xlink:type="simple" xlink:href="hcp-20140630.xsd#StatementOfStockholdersEquityParenthetical" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureBusiness" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureBusiness" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureSummaryOfSignificantAccountingPolicies" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureSummaryOfSignificantAccountingPolicies" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureRealEstatePropertyInvestments" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureRealEstatePropertyInvestments" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureDispositionsOfRealEstateAndDiscontinuedOperations" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureDispositionsOfRealEstateAndDiscontinuedOperations" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureNetInvestmentInDirectFinancingLeases" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureNetInvestmentInDirectFinancingLeases" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureLoansReceivable" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureLoansReceivable" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureInvestmentsInAndAdvancesToUnconsolidatedJointVentures" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureInvestmentsInAndAdvancesToUnconsolidatedJointVentures" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureIntangibles" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureIntangibles" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureOtherAssets" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureOtherAssets" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureDebt" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureDebt" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureCommitmentsAndContingencies" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureCommitmentsAndContingencies" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureEquity" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureEquity" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureSegmentDisclosures" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureSegmentDisclosures" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureDerivativeFinancialInstruments" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureDerivativeFinancialInstruments" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureSupplementalCashFlowInformation" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureSupplementalCashFlowInformation" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureEarningsPerCommonShare" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureEarningsPerCommonShare" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureFairValueMeasurements" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureFairValueMeasurements" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureDisclosuresAboutFairValueOfFinancialInstruments" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureDisclosuresAboutFairValueOfFinancialInstruments" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DocumentAndEntityInformation" xlink:type="simple" xlink:href="hcp-20140630.xsd#DocumentAndEntityInformation" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureVariableInterestEntities" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureVariableInterestEntities" />
  <link:roleRef roleURI="http://www.hcpi.com/role/BalanceSheet" xlink:type="simple" xlink:href="hcp-20140630.xsd#BalanceSheet" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureMergersAndAcquisition" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureDisclosureMergersAndAcquisition" />
  <link:roleRef roleURI="http://www.hcpi.com/role/StatementOfComprehensiveIncome" xlink:type="simple" xlink:href="hcp-20140630.xsd#StatementOfComprehensiveIncome" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureCompensationPlans" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureCompensationPlans" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureIncomeTaxes" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureIncomeTaxes" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureFutureMinimumRents" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureFutureMinimumRents" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureSelectedQuarterlyFinancialData" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureSelectedQuarterlyFinancialData" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureRealEstateAndAccumulatedDepreciation" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureRealEstateAndAccumulatedDepreciation" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureTransactionsWithRelatedParties" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureTransactionsWithRelatedParties" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureValuationAndQualifyingAccounts" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureValuationAndQualifyingAccounts" />
  <link:roleRef roleURI="http://www.hcpi.com/role/DisclosureSubsequentEvents" xlink:type="simple" xlink:href="hcp-20140630.xsd#DisclosureSubsequentEvents" />
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureSubsequentEventsDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SubsequentEventsAbstract" xlink:label="us-gaap_SubsequentEventsAbstract" xlink:title="SubsequentEventsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SubsequentEventTable" xlink:label="us-gaap_SubsequentEventTable" xlink:title="SubsequentEventTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SubsequentEventsAbstract" xlink:to="us-gaap_SubsequentEventTable" xlink:title="Presentation : us-gaap_SubsequentEventsAbstract to us-gaap_SubsequentEventTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="us-gaap_SubsequentEventTypeAxis" xlink:title="SubsequentEventTypeAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SubsequentEventTable" xlink:to="us-gaap_SubsequentEventTypeAxis" xlink:title="Presentation : us-gaap_SubsequentEventTable to us-gaap_SubsequentEventTypeAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_LegalEntityAxis" xlink:label="dei_LegalEntityAxis" xlink:title="LegalEntityAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_EntityDomain" xlink:label="dei_EntityDomain" xlink:title="EntityDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_LegalEntityAxis" xlink:to="dei_EntityDomain" xlink:title="Presentation : dei_LegalEntityAxis to dei_EntityDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CCRCJVMember" xlink:label="hcp_CCRCJVMember" xlink:title="CCRCJVMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_EntityDomain" xlink:to="hcp_CCRCJVMember" xlink:title="Presentation : dei_EntityDomain to hcp_CCRCJVMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CounterpartyNameAxis" xlink:label="us-gaap_CounterpartyNameAxis" xlink:title="CounterpartyNameAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:label="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:title="RepurchaseAgreementCounterpartyNameDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CounterpartyNameAxis" xlink:to="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:title="Presentation : us-gaap_CounterpartyNameAxis to us-gaap_RepurchaseAgreementCounterpartyNameDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EmeritusMember" xlink:label="hcp_EmeritusMember" xlink:title="EmeritusMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:to="hcp_EmeritusMember" xlink:title="Presentation : us-gaap_RepurchaseAgreementCounterpartyNameDomain to hcp_EmeritusMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_TypeOfArrangementAxis" xlink:label="us-gaap_TypeOfArrangementAxis" xlink:title="TypeOfArrangementAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ArrangementsAndNonarrangementTransactionsMember" xlink:label="us-gaap_ArrangementsAndNonarrangementTransactionsMember" xlink:title="ArrangementsAndNonarrangementTransactionsMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_TypeOfArrangementAxis" xlink:to="us-gaap_ArrangementsAndNonarrangementTransactionsMember" xlink:title="Presentation : us-gaap_TypeOfArrangementAxis to us-gaap_ArrangementsAndNonarrangementTransactionsMember" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RIDEAJVMember" xlink:label="hcp_RIDEAJVMember" xlink:title="RIDEAJVMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ArrangementsAndNonarrangementTransactionsMember" xlink:to="hcp_RIDEAJVMember" xlink:title="Presentation : us-gaap_ArrangementsAndNonarrangementTransactionsMember to hcp_RIDEAJVMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SubsequentEventLineItems" xlink:label="us-gaap_SubsequentEventLineItems" xlink:title="SubsequentEventLineItems" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfFacilitiesAcquiredForWhichExistingLeaseAgreementIsAmended" xlink:label="hcp_NumberOfFacilitiesAcquiredForWhichExistingLeaseAgreementIsAmended" xlink:title="NumberOfFacilitiesAcquiredForWhichExistingLeaseAgreementIsAmended" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SubsequentEventLineItems" xlink:to="hcp_NumberOfFacilitiesAcquiredForWhichExistingLeaseAgreementIsAmended" xlink:title="Presentation : us-gaap_SubsequentEventLineItems to hcp_NumberOfFacilitiesAcquiredForWhichExistingLeaseAgreementIsAmended" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SubsequentEventTable" xlink:to="dei_LegalEntityAxis" xlink:title="Presentation : us-gaap_SubsequentEventTable to dei_LegalEntityAxis" use="optional" order="2" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BrookdaleMember" xlink:label="hcp_BrookdaleMember" xlink:title="BrookdaleMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:to="hcp_BrookdaleMember" xlink:title="Presentation : us-gaap_RepurchaseAgreementCounterpartyNameDomain to hcp_BrookdaleMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfPropertiesWithCancelledPurchaseOptionsForWhichExistingLeaseAgreementIsAmended" xlink:label="hcp_NumberOfPropertiesWithCancelledPurchaseOptionsForWhichExistingLeaseAgreementIsAmended" xlink:title="NumberOfPropertiesWithCancelledPurchaseOptionsForWhichExistingLeaseAgreementIsAmended" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SubsequentEventLineItems" xlink:to="hcp_NumberOfPropertiesWithCancelledPurchaseOptionsForWhichExistingLeaseAgreementIsAmended" xlink:title="Presentation : us-gaap_SubsequentEventLineItems to hcp_NumberOfPropertiesWithCancelledPurchaseOptionsForWhichExistingLeaseAgreementIsAmended" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SubsequentEventTable" xlink:to="us-gaap_CounterpartyNameAxis" xlink:title="Presentation : us-gaap_SubsequentEventTable to us-gaap_CounterpartyNameAxis" use="optional" order="3" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfFacilitiesAcquiredForWhichExistingLeaseAgreementIsTerminated" xlink:label="hcp_NumberOfFacilitiesAcquiredForWhichExistingLeaseAgreementIsTerminated" xlink:title="NumberOfFacilitiesAcquiredForWhichExistingLeaseAgreementIsTerminated" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SubsequentEventLineItems" xlink:to="hcp_NumberOfFacilitiesAcquiredForWhichExistingLeaseAgreementIsTerminated" xlink:title="Presentation : us-gaap_SubsequentEventLineItems to hcp_NumberOfFacilitiesAcquiredForWhichExistingLeaseAgreementIsTerminated" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SubsequentEventTable" xlink:to="us-gaap_TypeOfArrangementAxis" xlink:title="Presentation : us-gaap_SubsequentEventTable to us-gaap_TypeOfArrangementAxis" use="optional" order="4" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfPropertiesWithCancelledPurchaseOptionsForWhichExistingLeaseAgreementIsTerminated" xlink:label="hcp_NumberOfPropertiesWithCancelledPurchaseOptionsForWhichExistingLeaseAgreementIsTerminated" xlink:title="NumberOfPropertiesWithCancelledPurchaseOptionsForWhichExistingLeaseAgreementIsTerminated" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SubsequentEventLineItems" xlink:to="hcp_NumberOfPropertiesWithCancelledPurchaseOptionsForWhichExistingLeaseAgreementIsTerminated" xlink:title="Presentation : us-gaap_SubsequentEventLineItems to hcp_NumberOfPropertiesWithCancelledPurchaseOptionsForWhichExistingLeaseAgreementIsTerminated" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SubsequentEventTable" xlink:to="us-gaap_SubsequentEventLineItems" xlink:title="Presentation : us-gaap_SubsequentEventTable to us-gaap_SubsequentEventLineItems" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NumberOfRealEstateProperties" xlink:label="us-gaap_NumberOfRealEstateProperties" xlink:title="NumberOfRealEstateProperties" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SubsequentEventLineItems" xlink:to="us-gaap_NumberOfRealEstateProperties" xlink:title="Presentation : us-gaap_SubsequentEventLineItems to us-gaap_NumberOfRealEstateProperties" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_JointVentureOwnershipPercentage" xlink:label="hcp_JointVentureOwnershipPercentage" xlink:title="JointVentureOwnershipPercentage" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SubsequentEventLineItems" xlink:to="hcp_JointVentureOwnershipPercentage" xlink:title="Presentation : us-gaap_SubsequentEventLineItems to hcp_JointVentureOwnershipPercentage" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfRetirementCommunities" xlink:label="hcp_NumberOfRetirementCommunities" xlink:title="NumberOfRetirementCommunities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SubsequentEventLineItems" xlink:to="hcp_NumberOfRetirementCommunities" xlink:title="Presentation : us-gaap_SubsequentEventLineItems to hcp_NumberOfRetirementCommunities" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_JointVentureInvestments" xlink:label="hcp_JointVentureInvestments" xlink:title="JointVentureInvestments" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SubsequentEventLineItems" xlink:to="hcp_JointVentureInvestments" xlink:title="Presentation : us-gaap_SubsequentEventLineItems to hcp_JointVentureInvestments" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="us-gaap_SubsequentEventTypeDomain" xlink:title="SubsequentEventTypeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SubsequentEventTypeAxis" xlink:to="us-gaap_SubsequentEventTypeDomain" xlink:title="Presentation : us-gaap_SubsequentEventTypeAxis to us-gaap_SubsequentEventTypeDomain" use="optional" order="8000" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="us-gaap_SubsequentEventMember" xlink:title="SubsequentEventMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SubsequentEventTypeDomain" xlink:to="us-gaap_SubsequentEventMember" xlink:title="Presentation : us-gaap_SubsequentEventTypeDomain to us-gaap_SubsequentEventMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NNNLeasedPortfolioMember" xlink:label="hcp_NNNLeasedPortfolioMember" xlink:title="NNNLeasedPortfolioMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ArrangementsAndNonarrangementTransactionsMember" xlink:to="hcp_NNNLeasedPortfolioMember" xlink:title="Presentation : us-gaap_ArrangementsAndNonarrangementTransactionsMember to hcp_NNNLeasedPortfolioMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfPropertiesWithCancelledPurchaseOptions" xlink:label="hcp_NumberOfPropertiesWithCancelledPurchaseOptions" xlink:title="NumberOfPropertiesWithCancelledPurchaseOptions" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SubsequentEventLineItems" xlink:to="hcp_NumberOfPropertiesWithCancelledPurchaseOptions" xlink:title="Presentation : us-gaap_SubsequentEventLineItems to hcp_NumberOfPropertiesWithCancelledPurchaseOptions" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureDebtDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="us-gaap_DebtDisclosureAbstract" xlink:title="DebtDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="us-gaap_DebtInstrumentTable" xlink:title="DebtInstrumentTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtDisclosureAbstract" xlink:to="us-gaap_DebtInstrumentTable" xlink:title="Presentation : us-gaap_DebtDisclosureAbstract to us-gaap_DebtInstrumentTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="us-gaap_DebtInstrumentAxis" xlink:title="DebtInstrumentAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentTable" xlink:to="us-gaap_DebtInstrumentAxis" xlink:title="Presentation : us-gaap_DebtInstrumentTable to us-gaap_DebtInstrumentAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="us-gaap_DebtInstrumentNameDomain" xlink:title="DebtInstrumentNameDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentAxis" xlink:to="us-gaap_DebtInstrumentNameDomain" xlink:title="Presentation : us-gaap_DebtInstrumentAxis to us-gaap_DebtInstrumentNameDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LineOfCreditAndTermLoanMember" xlink:label="hcp_LineOfCreditAndTermLoanMember" xlink:title="LineOfCreditAndTermLoanMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentNameDomain" xlink:to="hcp_LineOfCreditAndTermLoanMember" xlink:title="Presentation : us-gaap_DebtInstrumentNameDomain to hcp_LineOfCreditAndTermLoanMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LineOfCreditMember" xlink:label="us-gaap_LineOfCreditMember" xlink:title="LineOfCreditMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_LineOfCreditAndTermLoanMember" xlink:to="us-gaap_LineOfCreditMember" xlink:title="Presentation : hcp_LineOfCreditAndTermLoanMember to us-gaap_LineOfCreditMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_UnsecuredDebtMember" xlink:label="us-gaap_UnsecuredDebtMember" xlink:title="UnsecuredDebtMember" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_UnsecuredDebt4.20PercentDue2024Member" xlink:label="hcp_UnsecuredDebt4.20PercentDue2024Member" xlink:title="UnsecuredDebt4.20PercentDue2024Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_UnsecuredDebtMember" xlink:to="hcp_UnsecuredDebt4.20PercentDue2024Member" xlink:title="Presentation : us-gaap_UnsecuredDebtMember to hcp_UnsecuredDebt4.20PercentDue2024Member" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeByNatureAxis" xlink:label="us-gaap_DerivativeByNatureAxis" xlink:title="DerivativeByNatureAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="us-gaap_DerivativeContractTypeDomain" xlink:title="DerivativeContractTypeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeByNatureAxis" xlink:to="us-gaap_DerivativeContractTypeDomain" xlink:title="Presentation : us-gaap_DerivativeByNatureAxis to us-gaap_DerivativeContractTypeDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InterestRateSwapMember" xlink:label="us-gaap_InterestRateSwapMember" xlink:title="InterestRateSwapMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeContractTypeDomain" xlink:to="us-gaap_InterestRateSwapMember" xlink:title="Presentation : us-gaap_DerivativeContractTypeDomain to us-gaap_InterestRateSwapMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RangeAxis" xlink:label="us-gaap_RangeAxis" xlink:title="RangeAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RangeMember" xlink:label="us-gaap_RangeMember" xlink:title="RangeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RangeAxis" xlink:to="us-gaap_RangeMember" xlink:title="Presentation : us-gaap_RangeAxis to us-gaap_RangeMember" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MinimumMember" xlink:label="us-gaap_MinimumMember" xlink:title="MinimumMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RangeMember" xlink:to="us-gaap_MinimumMember" xlink:title="Presentation : us-gaap_RangeMember to us-gaap_MinimumMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="us-gaap_DebtInstrumentLineItems" xlink:title="DebtInstrumentLineItems" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LineOfCreditFacilityIncreasedMaximumBorrowingCapacity" xlink:label="hcp_LineOfCreditFacilityIncreasedMaximumBorrowingCapacity" xlink:title="LineOfCreditFacilityIncreasedMaximumBorrowingCapacity" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="hcp_LineOfCreditFacilityIncreasedMaximumBorrowingCapacity" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to hcp_LineOfCreditFacilityIncreasedMaximumBorrowingCapacity" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_TermLoan2012Member" xlink:label="hcp_TermLoan2012Member" xlink:title="TermLoan2012Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_LineOfCreditAndTermLoanMember" xlink:to="hcp_TermLoan2012Member" xlink:title="Presentation : hcp_LineOfCreditAndTermLoanMember to hcp_TermLoan2012Member" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentNameDomain" xlink:to="us-gaap_UnsecuredDebtMember" xlink:title="Presentation : us-gaap_DebtInstrumentNameDomain to us-gaap_UnsecuredDebtMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeniorUnsecuredDebt2.7PercentMember" xlink:label="hcp_SeniorUnsecuredDebt2.7PercentMember" xlink:title="SeniorUnsecuredDebt2.7PercentMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_UnsecuredDebtMember" xlink:to="hcp_SeniorUnsecuredDebt2.7PercentMember" xlink:title="Presentation : us-gaap_UnsecuredDebtMember to hcp_SeniorUnsecuredDebt2.7PercentMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentTable" xlink:to="us-gaap_DerivativeByNatureAxis" xlink:title="Presentation : us-gaap_DebtInstrumentTable to us-gaap_DerivativeByNatureAxis" use="optional" order="2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MaximumMember" xlink:label="us-gaap_MaximumMember" xlink:title="MaximumMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RangeMember" xlink:to="us-gaap_MaximumMember" xlink:title="Presentation : us-gaap_RangeMember to us-gaap_MaximumMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:title="LineOfCreditFacilityMaximumBorrowingCapacity" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeniorUnsecuredDebt5.65PercentMember" xlink:label="hcp_SeniorUnsecuredDebt5.65PercentMember" xlink:title="SeniorUnsecuredDebt5.65PercentMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_UnsecuredDebtMember" xlink:to="hcp_SeniorUnsecuredDebt5.65PercentMember" xlink:title="Presentation : us-gaap_UnsecuredDebtMember to hcp_SeniorUnsecuredDebt5.65PercentMember" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SecuredDebtMember" xlink:label="us-gaap_SecuredDebtMember" xlink:title="SecuredDebtMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentNameDomain" xlink:to="us-gaap_SecuredDebtMember" xlink:title="Presentation : us-gaap_DebtInstrumentNameDomain to us-gaap_SecuredDebtMember" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodAxis" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodAxis" xlink:title="DebtInstrumentRedemptionPeriodAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentTable" xlink:to="us-gaap_DebtInstrumentRedemptionPeriodAxis" xlink:title="Presentation : us-gaap_DebtInstrumentTable to us-gaap_DebtInstrumentRedemptionPeriodAxis" use="optional" order="3" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DebtInstrumentPeriodOfExtension" xlink:label="hcp_DebtInstrumentPeriodOfExtension" xlink:title="DebtInstrumentPeriodOfExtension" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="hcp_DebtInstrumentPeriodOfExtension" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to hcp_DebtInstrumentPeriodOfExtension" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_UnsecuredDebt4.25PercentDue2023Member" xlink:label="hcp_UnsecuredDebt4.25PercentDue2023Member" xlink:title="UnsecuredDebt4.25PercentDue2023Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_UnsecuredDebtMember" xlink:to="hcp_UnsecuredDebt4.25PercentDue2023Member" xlink:title="Presentation : us-gaap_UnsecuredDebtMember to hcp_UnsecuredDebt4.25PercentDue2023Member" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_OtherBorrowingsMember" xlink:label="hcp_OtherBorrowingsMember" xlink:title="OtherBorrowingsMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentNameDomain" xlink:to="hcp_OtherBorrowingsMember" xlink:title="Presentation : us-gaap_DebtInstrumentNameDomain to hcp_OtherBorrowingsMember" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentTable" xlink:to="us-gaap_RangeAxis" xlink:title="Presentation : us-gaap_DebtInstrumentTable to us-gaap_RangeAxis" use="optional" order="4" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentDescriptionOfVariableRateBasis" xlink:label="us-gaap_DebtInstrumentDescriptionOfVariableRateBasis" xlink:title="DebtInstrumentDescriptionOfVariableRateBasis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_DebtInstrumentDescriptionOfVariableRateBasis" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_DebtInstrumentDescriptionOfVariableRateBasis" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_UnsecuredDebt5.625PercentMember" xlink:label="hcp_UnsecuredDebt5.625PercentMember" xlink:title="UnsecuredDebt5.625PercentMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_UnsecuredDebtMember" xlink:to="hcp_UnsecuredDebt5.625PercentMember" xlink:title="Presentation : us-gaap_UnsecuredDebtMember to hcp_UnsecuredDebt5.625PercentMember" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentTable" xlink:to="us-gaap_DebtInstrumentLineItems" xlink:title="Presentation : us-gaap_DebtInstrumentTable to us-gaap_DebtInstrumentLineItems" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:title="DebtInstrumentBasisSpreadOnVariableRate1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LineOfCreditFacilityCommitmentFeePercentage" xlink:label="us-gaap_LineOfCreditFacilityCommitmentFeePercentage" xlink:title="LineOfCreditFacilityCommitmentFeePercentage" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_LineOfCreditFacilityCommitmentFeePercentage" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_LineOfCreditFacilityCommitmentFeePercentage" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LineOfCreditFacilityAdditionalAvailableBorrowingCapacityMaximum" xlink:label="hcp_LineOfCreditFacilityAdditionalAvailableBorrowingCapacityMaximum" xlink:title="LineOfCreditFacilityAdditionalAvailableBorrowingCapacityMaximum" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="hcp_LineOfCreditFacilityAdditionalAvailableBorrowingCapacityMaximum" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to hcp_LineOfCreditFacilityAdditionalAvailableBorrowingCapacityMaximum" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LineOfCreditFacilityAmountOutstanding" xlink:label="us-gaap_LineOfCreditFacilityAmountOutstanding" xlink:title="LineOfCreditFacilityAmountOutstanding" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_LineOfCreditFacilityAmountOutstanding" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_LineOfCreditFacilityAmountOutstanding" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DebtInstrumentCovenantDebtToAssets" xlink:label="hcp_DebtInstrumentCovenantDebtToAssets" xlink:title="DebtInstrumentCovenantDebtToAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="hcp_DebtInstrumentCovenantDebtToAssets" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to hcp_DebtInstrumentCovenantDebtToAssets" use="optional" order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DebtInstrumentCovenantSecuredDebtToAssets" xlink:label="hcp_DebtInstrumentCovenantSecuredDebtToAssets" xlink:title="DebtInstrumentCovenantSecuredDebtToAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="hcp_DebtInstrumentCovenantSecuredDebtToAssets" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to hcp_DebtInstrumentCovenantSecuredDebtToAssets" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DebtInstrumentCovenantUnsecuredDebtToUnencumberedAssets" xlink:label="hcp_DebtInstrumentCovenantUnsecuredDebtToUnencumberedAssets" xlink:title="DebtInstrumentCovenantUnsecuredDebtToUnencumberedAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="hcp_DebtInstrumentCovenantUnsecuredDebtToUnencumberedAssets" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to hcp_DebtInstrumentCovenantUnsecuredDebtToUnencumberedAssets" use="optional" order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DebtInstrumentCovenantFixedChargeRatioMinimum" xlink:label="hcp_DebtInstrumentCovenantFixedChargeRatioMinimum" xlink:title="DebtInstrumentCovenantFixedChargeRatioMinimum" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="hcp_DebtInstrumentCovenantFixedChargeRatioMinimum" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to hcp_DebtInstrumentCovenantFixedChargeRatioMinimum" use="optional" order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DebtInstrumentCovenantNetWorth" xlink:label="hcp_DebtInstrumentCovenantNetWorth" xlink:title="DebtInstrumentCovenantNetWorth" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="hcp_DebtInstrumentCovenantNetWorth" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to hcp_DebtInstrumentCovenantNetWorth" use="optional" order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:label="us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:title="DebtInstrumentInterestRateEffectivePercentage" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_DebtInstrumentInterestRateEffectivePercentage" use="optional" order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtWeightedAverageInterestRate" xlink:label="us-gaap_DebtWeightedAverageInterestRate" xlink:title="DebtWeightedAverageInterestRate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_DebtWeightedAverageInterestRate" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_DebtWeightedAverageInterestRate" use="optional" order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DebtInstrumentWeightedAverageMaturity" xlink:label="hcp_DebtInstrumentWeightedAverageMaturity" xlink:title="DebtInstrumentWeightedAverageMaturity" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="hcp_DebtInstrumentWeightedAverageMaturity" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to hcp_DebtInstrumentWeightedAverageMaturity" use="optional" order="16" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="us-gaap_DebtInstrumentFaceAmount" xlink:title="DebtInstrumentFaceAmount" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_DebtInstrumentFaceAmount" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_DebtInstrumentFaceAmount" use="optional" order="17" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DebtInstrumentIssuancePricePercentageOfPrincipalAmount" xlink:label="hcp_DebtInstrumentIssuancePricePercentageOfPrincipalAmount" xlink:title="DebtInstrumentIssuancePricePercentageOfPrincipalAmount" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="hcp_DebtInstrumentIssuancePricePercentageOfPrincipalAmount" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to hcp_DebtInstrumentIssuancePricePercentageOfPrincipalAmount" use="optional" order="18" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RepaymentsOfSeniorDebt" xlink:label="us-gaap_RepaymentsOfSeniorDebt" xlink:title="RepaymentsOfSeniorDebt" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_RepaymentsOfSeniorDebt" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_RepaymentsOfSeniorDebt" use="optional" order="19" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:label="us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:title="ProceedsFromIssuanceOfLongTermDebt" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_ProceedsFromIssuanceOfLongTermDebt" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:title="DebtInstrumentInterestRateStatedPercentage" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_DebtInstrumentInterestRateStatedPercentage" use="optional" order="21" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear" use="optional" order="22" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" use="optional" order="23" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" use="optional" order="24" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" use="optional" order="25" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" use="optional" order="26" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" use="optional" order="27" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="us-gaap_DebtInstrumentCarryingAmount" xlink:title="DebtInstrumentCarryingAmount" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_DebtInstrumentCarryingAmount" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_DebtInstrumentCarryingAmount" use="optional" order="28" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet" xlink:label="us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet" xlink:title="DebtInstrumentUnamortizedDiscountPremiumNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet" use="optional" order="29" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LongTermDebt" xlink:label="us-gaap_LongTermDebt" xlink:title="LongTermDebt" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_LongTermDebt" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_LongTermDebt" use="optional" order="30" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DebtInstrumentCollateralHealthcareFacilitiesNumber" xlink:label="hcp_DebtInstrumentCollateralHealthcareFacilitiesNumber" xlink:title="DebtInstrumentCollateralHealthcareFacilitiesNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="hcp_DebtInstrumentCollateralHealthcareFacilitiesNumber" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to hcp_DebtInstrumentCollateralHealthcareFacilitiesNumber" use="optional" order="31" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DebtInstrumentCollateralHealthcareFacilitiesCarryingValue" xlink:label="hcp_DebtInstrumentCollateralHealthcareFacilitiesCarryingValue" xlink:title="DebtInstrumentCollateralHealthcareFacilitiesCarryingValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="hcp_DebtInstrumentCollateralHealthcareFacilitiesCarryingValue" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to hcp_DebtInstrumentCollateralHealthcareFacilitiesCarryingValue" use="optional" order="32" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentTerm" xlink:label="us-gaap_DebtInstrumentTerm" xlink:title="DebtInstrumentTerm" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_DebtInstrumentTerm" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_DebtInstrumentTerm" use="optional" order="33" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DerivativeInstrumentMaturityTerm" xlink:label="hcp_DerivativeInstrumentMaturityTerm" xlink:title="DerivativeInstrumentMaturityTerm" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="hcp_DerivativeInstrumentMaturityTerm" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to hcp_DerivativeInstrumentMaturityTerm" use="optional" order="34" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeFixedInterestRate" xlink:label="us-gaap_DerivativeFixedInterestRate" xlink:title="DerivativeFixedInterestRate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_DerivativeFixedInterestRate" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_DerivativeFixedInterestRate" use="optional" order="35" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherBorrowings" xlink:label="us-gaap_OtherBorrowings" xlink:title="OtherBorrowings" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_OtherBorrowings" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_OtherBorrowings" use="optional" order="36" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FacilityIssuingLifeCareBondNumber" xlink:label="hcp_FacilityIssuingLifeCareBondNumber" xlink:title="FacilityIssuingLifeCareBondNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="hcp_FacilityIssuingLifeCareBondNumber" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to hcp_FacilityIssuingLifeCareBondNumber" use="optional" order="37" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NonInterestBearingOccupancyFeeDepositNumber" xlink:label="hcp_NonInterestBearingOccupancyFeeDepositNumber" xlink:title="NonInterestBearingOccupancyFeeDepositNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="hcp_NonInterestBearingOccupancyFeeDepositNumber" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to hcp_NonInterestBearingOccupancyFeeDepositNumber" use="optional" order="38" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_UnsecuredDebt4.82PercentDue2011Member" xlink:label="hcp_UnsecuredDebt4.82PercentDue2011Member" xlink:title="UnsecuredDebt4.82PercentDue2011Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_UnsecuredDebtMember" xlink:to="hcp_UnsecuredDebt4.82PercentDue2011Member" xlink:title="Presentation : us-gaap_UnsecuredDebtMember to hcp_UnsecuredDebt4.82PercentDue2011Member" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:title="DebtInstrumentRedemptionPeriodDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentRedemptionPeriodAxis" xlink:to="us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:title="Presentation : us-gaap_DebtInstrumentRedemptionPeriodAxis to us-gaap_DebtInstrumentRedemptionPeriodDomain" use="optional" order="8000" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodOneMember" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodOneMember" xlink:title="DebtInstrumentRedemptionPeriodOneMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:to="us-gaap_DebtInstrumentRedemptionPeriodOneMember" xlink:title="Presentation : us-gaap_DebtInstrumentRedemptionPeriodDomain to us-gaap_DebtInstrumentRedemptionPeriodOneMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_UnsecuredDebt2.7PercentDue2014Member" xlink:label="hcp_UnsecuredDebt2.7PercentDue2014Member" xlink:title="UnsecuredDebt2.7PercentDue2014Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_UnsecuredDebtMember" xlink:to="hcp_UnsecuredDebt2.7PercentDue2014Member" xlink:title="Presentation : us-gaap_UnsecuredDebtMember to hcp_UnsecuredDebt2.7PercentDue2014Member" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodTwoMember" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodTwoMember" xlink:title="DebtInstrumentRedemptionPeriodTwoMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:to="us-gaap_DebtInstrumentRedemptionPeriodTwoMember" xlink:title="Presentation : us-gaap_DebtInstrumentRedemptionPeriodDomain to us-gaap_DebtInstrumentRedemptionPeriodTwoMember" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_UnsecuredDebt3.75PercentDue2016Member" xlink:label="hcp_UnsecuredDebt3.75PercentDue2016Member" xlink:title="UnsecuredDebt3.75PercentDue2016Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_UnsecuredDebtMember" xlink:to="hcp_UnsecuredDebt3.75PercentDue2016Member" xlink:title="Presentation : us-gaap_UnsecuredDebtMember to hcp_UnsecuredDebt3.75PercentDue2016Member" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodThreeMember" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodThreeMember" xlink:title="DebtInstrumentRedemptionPeriodThreeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:to="us-gaap_DebtInstrumentRedemptionPeriodThreeMember" xlink:title="Presentation : us-gaap_DebtInstrumentRedemptionPeriodDomain to us-gaap_DebtInstrumentRedemptionPeriodThreeMember" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_UnsecuredDebt5.375PercentDue2021Member" xlink:label="hcp_UnsecuredDebt5.375PercentDue2021Member" xlink:title="UnsecuredDebt5.375PercentDue2021Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_UnsecuredDebtMember" xlink:to="hcp_UnsecuredDebt5.375PercentDue2021Member" xlink:title="Presentation : us-gaap_UnsecuredDebtMember to hcp_UnsecuredDebt5.375PercentDue2021Member" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodFourMember" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodFourMember" xlink:title="DebtInstrumentRedemptionPeriodFourMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:to="us-gaap_DebtInstrumentRedemptionPeriodFourMember" xlink:title="Presentation : us-gaap_DebtInstrumentRedemptionPeriodDomain to us-gaap_DebtInstrumentRedemptionPeriodFourMember" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_UnsecuredDebt6.75PercentDue2041Member" xlink:label="hcp_UnsecuredDebt6.75PercentDue2041Member" xlink:title="UnsecuredDebt6.75PercentDue2041Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_UnsecuredDebtMember" xlink:to="hcp_UnsecuredDebt6.75PercentDue2041Member" xlink:title="Presentation : us-gaap_UnsecuredDebtMember to hcp_UnsecuredDebt6.75PercentDue2041Member" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodFiveMember" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodFiveMember" xlink:title="DebtInstrumentRedemptionPeriodFiveMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:to="us-gaap_DebtInstrumentRedemptionPeriodFiveMember" xlink:title="Presentation : us-gaap_DebtInstrumentRedemptionPeriodDomain to us-gaap_DebtInstrumentRedemptionPeriodFiveMember" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_UnsecuredDebt6.45PercentDue2012Member" xlink:label="hcp_UnsecuredDebt6.45PercentDue2012Member" xlink:title="UnsecuredDebt6.45PercentDue2012Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_UnsecuredDebtMember" xlink:to="hcp_UnsecuredDebt6.45PercentDue2012Member" xlink:title="Presentation : us-gaap_UnsecuredDebtMember to hcp_UnsecuredDebt6.45PercentDue2012Member" use="optional" order="8005" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DebtInstrumentDue2019Member" xlink:label="hcp_DebtInstrumentDue2019Member" xlink:title="DebtInstrumentDue2019Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:to="hcp_DebtInstrumentDue2019Member" xlink:title="Presentation : us-gaap_DebtInstrumentRedemptionPeriodDomain to hcp_DebtInstrumentDue2019Member" use="optional" order="8005" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_UnsecuredDebt2.625PercentDue2020Member" xlink:label="hcp_UnsecuredDebt2.625PercentDue2020Member" xlink:title="UnsecuredDebt2.625PercentDue2020Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_UnsecuredDebtMember" xlink:to="hcp_UnsecuredDebt2.625PercentDue2020Member" xlink:title="Presentation : us-gaap_UnsecuredDebtMember to hcp_UnsecuredDebt2.625PercentDue2020Member" use="optional" order="8006" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DebtInstrumentDue2020Member" xlink:label="hcp_DebtInstrumentDue2020Member" xlink:title="DebtInstrumentDue2020Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:to="hcp_DebtInstrumentDue2020Member" xlink:title="Presentation : us-gaap_DebtInstrumentRedemptionPeriodDomain to hcp_DebtInstrumentDue2020Member" use="optional" order="8006" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_UnsecuredDebt3.15PercentDue2022Member" xlink:label="hcp_UnsecuredDebt3.15PercentDue2022Member" xlink:title="UnsecuredDebt3.15PercentDue2022Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_UnsecuredDebtMember" xlink:to="hcp_UnsecuredDebt3.15PercentDue2022Member" xlink:title="Presentation : us-gaap_UnsecuredDebtMember to hcp_UnsecuredDebt3.15PercentDue2022Member" use="optional" order="8007" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DebtInstrumentDue2021Member" xlink:label="hcp_DebtInstrumentDue2021Member" xlink:title="DebtInstrumentDue2021Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:to="hcp_DebtInstrumentDue2021Member" xlink:title="Presentation : us-gaap_DebtInstrumentRedemptionPeriodDomain to hcp_DebtInstrumentDue2021Member" use="optional" order="8007" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_UnsecuredDebt3.75PercentDue2019Member" xlink:label="hcp_UnsecuredDebt3.75PercentDue2019Member" xlink:title="UnsecuredDebt3.75PercentDue2019Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_UnsecuredDebtMember" xlink:to="hcp_UnsecuredDebt3.75PercentDue2019Member" xlink:title="Presentation : us-gaap_UnsecuredDebtMember to hcp_UnsecuredDebt3.75PercentDue2019Member" use="optional" order="8008" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DebtInstrumentDue2022Member" xlink:label="hcp_DebtInstrumentDue2022Member" xlink:title="DebtInstrumentDue2022Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:to="hcp_DebtInstrumentDue2022Member" xlink:title="Presentation : us-gaap_DebtInstrumentRedemptionPeriodDomain to hcp_DebtInstrumentDue2022Member" use="optional" order="8008" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DebtInstrumentDue2023Member" xlink:label="hcp_DebtInstrumentDue2023Member" xlink:title="DebtInstrumentDue2023Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:to="hcp_DebtInstrumentDue2023Member" xlink:title="Presentation : us-gaap_DebtInstrumentRedemptionPeriodDomain to hcp_DebtInstrumentDue2023Member" use="optional" order="8009" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DebtInstrumentDue2041Member" xlink:label="hcp_DebtInstrumentDue2041Member" xlink:title="DebtInstrumentDue2041Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:to="hcp_DebtInstrumentDue2041Member" xlink:title="Presentation : us-gaap_DebtInstrumentRedemptionPeriodDomain to hcp_DebtInstrumentDue2041Member" use="optional" order="8010" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DebtInstrumentRedemptionPeriodThereafterMember" xlink:label="hcp_DebtInstrumentRedemptionPeriodThereafterMember" xlink:title="DebtInstrumentRedemptionPeriodThereafterMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:to="hcp_DebtInstrumentRedemptionPeriodThereafterMember" xlink:title="Presentation : us-gaap_DebtInstrumentRedemptionPeriodDomain to hcp_DebtInstrumentRedemptionPeriodThereafterMember" use="optional" order="8011" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureMergersAndAcquisitionDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationsAbstract" xlink:label="us-gaap_BusinessCombinationsAbstract" xlink:title="BusinessCombinationsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:title="ScheduleOfBusinessAcquisitionsByAcquisitionTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationsAbstract" xlink:to="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:title="Presentation : us-gaap_BusinessCombinationsAbstract to us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="us-gaap_BusinessAcquisitionAxis" xlink:title="BusinessAcquisitionAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_BusinessAcquisitionAxis" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_BusinessAcquisitionAxis" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:title="BusinessAcquisitionAcquireeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAxis" xlink:to="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:title="Presentation : us-gaap_BusinessAcquisitionAxis to us-gaap_BusinessAcquisitionAcquireeDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HCRManorCareIncMember" xlink:label="hcp_HCRManorCareIncMember" xlink:title="HCRManorCareIncMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:to="hcp_HCRManorCareIncMember" xlink:title="Presentation : us-gaap_BusinessAcquisitionAcquireeDomain to hcp_HCRManorCareIncMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="us-gaap_StatementScenarioAxis" xlink:title="StatementScenarioAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="us-gaap_ScenarioUnspecifiedDomain" xlink:title="ScenarioUnspecifiedDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementScenarioAxis" xlink:to="us-gaap_ScenarioUnspecifiedDomain" xlink:title="Presentation : us-gaap_StatementScenarioAxis to us-gaap_ScenarioUnspecifiedDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract" xlink:title="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract" xlink:title="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract to us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionPurchasePriceAllocationDirectFinancingLeases" xlink:label="hcp_BusinessAcquisitionPurchasePriceAllocationDirectFinancingLeases" xlink:title="BusinessAcquisitionPurchasePriceAllocationDirectFinancingLeases" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract" xlink:to="hcp_BusinessAcquisitionPurchasePriceAllocationDirectFinancingLeases" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract to hcp_BusinessAcquisitionPurchasePriceAllocationDirectFinancingLeases" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionOtherDisclosuresAbstract" xlink:label="hcp_BusinessAcquisitionOtherDisclosuresAbstract" xlink:title="BusinessAcquisitionOtherDisclosuresAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BridgeLoanTermOfFacility" xlink:label="hcp_BridgeLoanTermOfFacility" xlink:title="BridgeLoanTermOfFacility" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_BusinessAcquisitionOtherDisclosuresAbstract" xlink:to="hcp_BridgeLoanTermOfFacility" xlink:title="Presentation : hcp_BusinessAcquisitionOtherDisclosuresAbstract to hcp_BridgeLoanTermOfFacility" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionProFormaInformationAbstract" xlink:label="us-gaap_BusinessAcquisitionProFormaInformationAbstract" xlink:title="BusinessAcquisitionProFormaInformationAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionsProFormaRevenue" xlink:label="us-gaap_BusinessAcquisitionsProFormaRevenue" xlink:title="BusinessAcquisitionsProFormaRevenue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionProFormaInformationAbstract" xlink:to="us-gaap_BusinessAcquisitionsProFormaRevenue" xlink:title="Presentation : us-gaap_BusinessAcquisitionProFormaInformationAbstract to us-gaap_BusinessAcquisitionsProFormaRevenue" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_StatementScenarioAxis" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_StatementScenarioAxis" use="optional" order="2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScenarioPreviouslyReportedMember" xlink:label="us-gaap_ScenarioPreviouslyReportedMember" xlink:title="ScenarioPreviouslyReportedMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScenarioUnspecifiedDomain" xlink:to="us-gaap_ScenarioPreviouslyReportedMember" xlink:title="Presentation : us-gaap_ScenarioUnspecifiedDomain to us-gaap_ScenarioPreviouslyReportedMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="us-gaap_BusinessAcquisitionLineItems" xlink:title="BusinessAcquisitionLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NumberOfStatesInWhichEntityOperates" xlink:label="us-gaap_NumberOfStatesInWhichEntityOperates" xlink:title="NumberOfStatesInWhichEntityOperates" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_NumberOfStatesInWhichEntityOperates" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_NumberOfStatesInWhichEntityOperates" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferredAbstract" xlink:label="us-gaap_BusinessCombinationConsiderationTransferredAbstract" xlink:title="BusinessCombinationConsiderationTransferredAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_InvestmentsInLoanReceivablesFairValue" xlink:label="hcp_InvestmentsInLoanReceivablesFairValue" xlink:title="InvestmentsInLoanReceivablesFairValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationConsiderationTransferredAbstract" xlink:to="hcp_InvestmentsInLoanReceivablesFairValue" xlink:title="Presentation : us-gaap_BusinessCombinationConsiderationTransferredAbstract to hcp_InvestmentsInLoanReceivablesFairValue" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents" xlink:title="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract to us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BridgeLoanCommitmentsObtained" xlink:label="hcp_BridgeLoanCommitmentsObtained" xlink:title="BridgeLoanCommitmentsObtained" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_BusinessAcquisitionOtherDisclosuresAbstract" xlink:to="hcp_BridgeLoanCommitmentsObtained" xlink:title="Presentation : hcp_BusinessAcquisitionOtherDisclosuresAbstract to hcp_BridgeLoanCommitmentsObtained" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionsProFormaNetIncomeLoss" xlink:label="us-gaap_BusinessAcquisitionsProFormaNetIncomeLoss" xlink:title="BusinessAcquisitionsProFormaNetIncomeLoss" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionProFormaInformationAbstract" xlink:to="us-gaap_BusinessAcquisitionsProFormaNetIncomeLoss" xlink:title="Presentation : us-gaap_BusinessAcquisitionProFormaInformationAbstract to us-gaap_BusinessAcquisitionsProFormaNetIncomeLoss" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_BusinessAcquisitionLineItems" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_BusinessAcquisitionLineItems" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionEquityInterestAcquiredThroughExerciseOfOption" xlink:label="hcp_BusinessAcquisitionEquityInterestAcquiredThroughExerciseOfOption" xlink:title="BusinessAcquisitionEquityInterestAcquiredThroughExerciseOfOption" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_BusinessAcquisitionEquityInterestAcquiredThroughExerciseOfOption" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_BusinessAcquisitionEquityInterestAcquiredThroughExerciseOfOption" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionAccruedLiabilitiesAssumedFairValueDisclosure" xlink:label="hcp_BusinessAcquisitionAccruedLiabilitiesAssumedFairValueDisclosure" xlink:title="BusinessAcquisitionAccruedLiabilitiesAssumedFairValueDisclosure" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationConsiderationTransferredAbstract" xlink:to="hcp_BusinessAcquisitionAccruedLiabilitiesAssumedFairValueDisclosure" xlink:title="Presentation : us-gaap_BusinessCombinationConsiderationTransferredAbstract to hcp_BusinessAcquisitionAccruedLiabilitiesAssumedFairValueDisclosure" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionPurchasePriceAllocationIntangibleAssets" xlink:label="hcp_BusinessAcquisitionPurchasePriceAllocationIntangibleAssets" xlink:title="BusinessAcquisitionPurchasePriceAllocationIntangibleAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract" xlink:to="hcp_BusinessAcquisitionPurchasePriceAllocationIntangibleAssets" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract to hcp_BusinessAcquisitionPurchasePriceAllocationIntangibleAssets" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_WriteOffOfDeferredDebtIssuanceCost" xlink:label="us-gaap_WriteOffOfDeferredDebtIssuanceCost" xlink:title="WriteOffOfDeferredDebtIssuanceCost" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_BusinessAcquisitionOtherDisclosuresAbstract" xlink:to="us-gaap_WriteOffOfDeferredDebtIssuanceCost" xlink:title="Presentation : hcp_BusinessAcquisitionOtherDisclosuresAbstract to us-gaap_WriteOffOfDeferredDebtIssuanceCost" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionsProFormaNetIncomeLossAttributableToParent" xlink:label="hcp_BusinessAcquisitionsProFormaNetIncomeLossAttributableToParent" xlink:title="BusinessAcquisitionsProFormaNetIncomeLossAttributableToParent" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionProFormaInformationAbstract" xlink:to="hcp_BusinessAcquisitionsProFormaNetIncomeLossAttributableToParent" xlink:title="Presentation : us-gaap_BusinessAcquisitionProFormaInformationAbstract to hcp_BusinessAcquisitionsProFormaNetIncomeLossAttributableToParent" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionCostOfAcquiredEntityPurchasePriceExcludingDirectCosts" xlink:label="hcp_BusinessAcquisitionCostOfAcquiredEntityPurchasePriceExcludingDirectCosts" xlink:title="BusinessAcquisitionCostOfAcquiredEntityPurchasePriceExcludingDirectCosts" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationConsiderationTransferredAbstract" xlink:to="hcp_BusinessAcquisitionCostOfAcquiredEntityPurchasePriceExcludingDirectCosts" xlink:title="Presentation : us-gaap_BusinessCombinationConsiderationTransferredAbstract to hcp_BusinessAcquisitionCostOfAcquiredEntityPurchasePriceExcludingDirectCosts" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets" xlink:title="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract to us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual" xlink:label="us-gaap_BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual" xlink:title="BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_BusinessAcquisitionOtherDisclosuresAbstract" xlink:to="us-gaap_BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual" xlink:title="Presentation : hcp_BusinessAcquisitionOtherDisclosuresAbstract to us-gaap_BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionProFormaEarningsPerShareBasic" xlink:label="us-gaap_BusinessAcquisitionProFormaEarningsPerShareBasic" xlink:title="BusinessAcquisitionProFormaEarningsPerShareBasic" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionProFormaInformationAbstract" xlink:to="us-gaap_BusinessAcquisitionProFormaEarningsPerShareBasic" xlink:title="Presentation : us-gaap_BusinessAcquisitionProFormaInformationAbstract to us-gaap_BusinessAcquisitionProFormaEarningsPerShareBasic" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_BusinessCombinationConsiderationTransferredAbstract" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_BusinessCombinationConsiderationTransferredAbstract" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionCostOfAcquiredEntityTransactionCosts" xlink:label="us-gaap_BusinessAcquisitionCostOfAcquiredEntityTransactionCosts" xlink:title="BusinessAcquisitionCostOfAcquiredEntityTransactionCosts" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationConsiderationTransferredAbstract" xlink:to="us-gaap_BusinessAcquisitionCostOfAcquiredEntityTransactionCosts" xlink:title="Presentation : us-gaap_BusinessCombinationConsiderationTransferredAbstract to us-gaap_BusinessAcquisitionCostOfAcquiredEntityTransactionCosts" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionProFormaEarningsPerShareDiluted" xlink:label="us-gaap_BusinessAcquisitionProFormaEarningsPerShareDiluted" xlink:title="BusinessAcquisitionProFormaEarningsPerShareDiluted" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionProFormaInformationAbstract" xlink:to="us-gaap_BusinessAcquisitionProFormaEarningsPerShareDiluted" xlink:title="Presentation : us-gaap_BusinessAcquisitionProFormaInformationAbstract to us-gaap_BusinessAcquisitionProFormaEarningsPerShareDiluted" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionGainLossOnSettlementOfLoanInvestments" xlink:label="hcp_BusinessAcquisitionGainLossOnSettlementOfLoanInvestments" xlink:title="BusinessAcquisitionGainLossOnSettlementOfLoanInvestments" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationConsiderationTransferredAbstract" xlink:to="hcp_BusinessAcquisitionGainLossOnSettlementOfLoanInvestments" xlink:title="Presentation : us-gaap_BusinessCombinationConsiderationTransferredAbstract to hcp_BusinessAcquisitionGainLossOnSettlementOfLoanInvestments" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionCostOfAcquiredEntityGeneralAdministrativeTransactionCosts" xlink:label="hcp_BusinessAcquisitionCostOfAcquiredEntityGeneralAdministrativeTransactionCosts" xlink:title="BusinessAcquisitionCostOfAcquiredEntityGeneralAdministrativeTransactionCosts" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_BusinessAcquisitionCostOfAcquiredEntityGeneralAdministrativeTransactionCosts" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_BusinessAcquisitionCostOfAcquiredEntityGeneralAdministrativeTransactionCosts" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet" xlink:title="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract to us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionCostOfAcquiredEntityInterestExpenseTransactionCosts" xlink:label="hcp_BusinessAcquisitionCostOfAcquiredEntityInterestExpenseTransactionCosts" xlink:title="BusinessAcquisitionCostOfAcquiredEntityInterestExpenseTransactionCosts" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_BusinessAcquisitionCostOfAcquiredEntityInterestExpenseTransactionCosts" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_BusinessAcquisitionCostOfAcquiredEntityInterestExpenseTransactionCosts" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_BusinessAcquisitionOtherDisclosuresAbstract" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_BusinessAcquisitionOtherDisclosuresAbstract" use="optional" order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_BusinessAcquisitionProFormaInformationAbstract" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_BusinessAcquisitionProFormaInformationAbstract" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionAccruedTaxAndOtherLiabilitiesAssumedFairValueDisclosure" xlink:label="hcp_BusinessAcquisitionAccruedTaxAndOtherLiabilitiesAssumedFairValueDisclosure" xlink:title="BusinessAcquisitionAccruedTaxAndOtherLiabilitiesAssumedFairValueDisclosure" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationConsiderationTransferredAbstract" xlink:to="hcp_BusinessAcquisitionAccruedTaxAndOtherLiabilitiesAssumedFairValueDisclosure" xlink:title="Presentation : us-gaap_BusinessCombinationConsiderationTransferredAbstract to hcp_BusinessAcquisitionAccruedTaxAndOtherLiabilitiesAssumedFairValueDisclosure" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionPurchasePriceAllocationOtherReceivables" xlink:label="hcp_BusinessAcquisitionPurchasePriceAllocationOtherReceivables" xlink:title="BusinessAcquisitionPurchasePriceAllocationOtherReceivables" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract" xlink:to="hcp_BusinessAcquisitionPurchasePriceAllocationOtherReceivables" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract to hcp_BusinessAcquisitionPurchasePriceAllocationOtherReceivables" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract" xlink:title="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionPurchasePriceAllocationInterestAndPenaltiesOnMortgageLoans" xlink:label="hcp_BusinessAcquisitionPurchasePriceAllocationInterestAndPenaltiesOnMortgageLoans" xlink:title="BusinessAcquisitionPurchasePriceAllocationInterestAndPenaltiesOnMortgageLoans" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract" xlink:to="hcp_BusinessAcquisitionPurchasePriceAllocationInterestAndPenaltiesOnMortgageLoans" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract to hcp_BusinessAcquisitionPurchasePriceAllocationInterestAndPenaltiesOnMortgageLoans" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EstimatedFeesAndCostsAbstract" xlink:label="hcp_EstimatedFeesAndCostsAbstract" xlink:title="EstimatedFeesAndCostsAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_EstimatedFeesAndCostsAbstract" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_EstimatedFeesAndCostsAbstract" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionAdvisoryFees" xlink:label="hcp_BusinessAcquisitionAdvisoryFees" xlink:title="BusinessAcquisitionAdvisoryFees" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_EstimatedFeesAndCostsAbstract" xlink:to="hcp_BusinessAcquisitionAdvisoryFees" xlink:title="Presentation : hcp_EstimatedFeesAndCostsAbstract to hcp_BusinessAcquisitionAdvisoryFees" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionPurchasePriceAllocationMezzanineLoans" xlink:label="hcp_BusinessAcquisitionPurchasePriceAllocationMezzanineLoans" xlink:title="BusinessAcquisitionPurchasePriceAllocationMezzanineLoans" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract" xlink:to="hcp_BusinessAcquisitionPurchasePriceAllocationMezzanineLoans" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract to hcp_BusinessAcquisitionPurchasePriceAllocationMezzanineLoans" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BridgeLoanCommitmentsReduced" xlink:label="hcp_BridgeLoanCommitmentsReduced" xlink:title="BridgeLoanCommitmentsReduced" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_BridgeLoanCommitmentsReduced" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_BridgeLoanCommitmentsReduced" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionPurchasePriceAllocationInterestAndPenaltiesOnMezzanineLoans" xlink:label="hcp_BusinessAcquisitionPurchasePriceAllocationInterestAndPenaltiesOnMezzanineLoans" xlink:title="BusinessAcquisitionPurchasePriceAllocationInterestAndPenaltiesOnMezzanineLoans" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract" xlink:to="hcp_BusinessAcquisitionPurchasePriceAllocationInterestAndPenaltiesOnMezzanineLoans" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract to hcp_BusinessAcquisitionPurchasePriceAllocationInterestAndPenaltiesOnMezzanineLoans" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ProposedBusinessAcquisitionCostOfAcquiredEntityLoansReceivableParValueReinvested" xlink:label="hcp_ProposedBusinessAcquisitionCostOfAcquiredEntityLoansReceivableParValueReinvested" xlink:title="ProposedBusinessAcquisitionCostOfAcquiredEntityLoansReceivableParValueReinvested" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_ProposedBusinessAcquisitionCostOfAcquiredEntityLoansReceivableParValueReinvested" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_ProposedBusinessAcquisitionCostOfAcquiredEntityLoansReceivableParValueReinvested" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionPurchasePriceAllocationFairValueAdjustmentOfMortgageAndMezzanineLoans" xlink:label="hcp_BusinessAcquisitionPurchasePriceAllocationFairValueAdjustmentOfMortgageAndMezzanineLoans" xlink:title="BusinessAcquisitionPurchasePriceAllocationFairValueAdjustmentOfMortgageAndMezzanineLoans" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract" xlink:to="hcp_BusinessAcquisitionPurchasePriceAllocationFairValueAdjustmentOfMortgageAndMezzanineLoans" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract to hcp_BusinessAcquisitionPurchasePriceAllocationFairValueAdjustmentOfMortgageAndMezzanineLoans" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ProposedBusinessAcquisitionCostOfAcquiredEntityCommonStockIssuableNumber" xlink:label="hcp_ProposedBusinessAcquisitionCostOfAcquiredEntityCommonStockIssuableNumber" xlink:title="ProposedBusinessAcquisitionCostOfAcquiredEntityCommonStockIssuableNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_ProposedBusinessAcquisitionCostOfAcquiredEntityCommonStockIssuableNumber" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_ProposedBusinessAcquisitionCostOfAcquiredEntityCommonStockIssuableNumber" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionPurchasePriceAllocationUncertainTaxPositionLiabilities" xlink:label="hcp_BusinessAcquisitionPurchasePriceAllocationUncertainTaxPositionLiabilities" xlink:title="BusinessAcquisitionPurchasePriceAllocationUncertainTaxPositionLiabilities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract" xlink:to="hcp_BusinessAcquisitionPurchasePriceAllocationUncertainTaxPositionLiabilities" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract to hcp_BusinessAcquisitionPurchasePriceAllocationUncertainTaxPositionLiabilities" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ProposedBusinessAcquisitionCostOfAcquiredEntityCashRequiredToPay" xlink:label="hcp_ProposedBusinessAcquisitionCostOfAcquiredEntityCashRequiredToPay" xlink:title="ProposedBusinessAcquisitionCostOfAcquiredEntityCashRequiredToPay" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_ProposedBusinessAcquisitionCostOfAcquiredEntityCashRequiredToPay" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_ProposedBusinessAcquisitionCostOfAcquiredEntityCashRequiredToPay" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionPurchasePriceAllocationTaxesPayable" xlink:label="hcp_BusinessAcquisitionPurchasePriceAllocationTaxesPayable" xlink:title="BusinessAcquisitionPurchasePriceAllocationTaxesPayable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract" xlink:to="hcp_BusinessAcquisitionPurchasePriceAllocationTaxesPayable" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract to hcp_BusinessAcquisitionPurchasePriceAllocationTaxesPayable" use="optional" order="8005" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ProposedBusinessAcquisitionCostOfAcquiredEntityCommonStockIssuableValue" xlink:label="hcp_ProposedBusinessAcquisitionCostOfAcquiredEntityCommonStockIssuableValue" xlink:title="ProposedBusinessAcquisitionCostOfAcquiredEntityCommonStockIssuableValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_ProposedBusinessAcquisitionCostOfAcquiredEntityCommonStockIssuableValue" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_ProposedBusinessAcquisitionCostOfAcquiredEntityCommonStockIssuableValue" use="optional" order="8005" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract" use="optional" order="8006" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureIntangiblesDetails">
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_IntangiblesDisclosureAbstract" xlink:label="hcp_IntangiblesDisclosureAbstract" xlink:title="IntangiblesDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsGross" xlink:label="us-gaap_FiniteLivedIntangibleAssetsGross" xlink:title="FiniteLivedIntangibleAssetsGross" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IntangiblesDisclosureAbstract" xlink:to="us-gaap_FiniteLivedIntangibleAssetsGross" xlink:title="Presentation : hcp_IntangiblesDisclosureAbstract to us-gaap_FiniteLivedIntangibleAssetsGross" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassTable" xlink:label="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassTable" xlink:title="FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassTable" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassAxis" xlink:label="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassAxis" xlink:title="FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassTable" xlink:to="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassAxis" xlink:title="Presentation : hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassTable to hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:title="FiniteLivedIntangibleAssetsAccumulatedAmortization" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IntangiblesDisclosureAbstract" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:title="Presentation : hcp_IntangiblesDisclosureAbstract to us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:title="FiniteLivedIntangibleAssetsByMajorClassAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassTable" xlink:to="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:title="Presentation : hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassTable to us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" use="optional" order="2" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FiniteLivedIntangibleLiabilitiesGross" xlink:label="hcp_FiniteLivedIntangibleLiabilitiesGross" xlink:title="FiniteLivedIntangibleLiabilitiesGross" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IntangiblesDisclosureAbstract" xlink:to="hcp_FiniteLivedIntangibleLiabilitiesGross" xlink:title="Presentation : hcp_IntangiblesDisclosureAbstract to hcp_FiniteLivedIntangibleLiabilitiesGross" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="us-gaap_StatementScenarioAxis" xlink:title="StatementScenarioAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassTable" xlink:to="us-gaap_StatementScenarioAxis" xlink:title="Presentation : hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassTable to us-gaap_StatementScenarioAxis" use="optional" order="3" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FiniteLivedIntangibleLiabilitiesAccumulatedAmortization" xlink:label="hcp_FiniteLivedIntangibleLiabilitiesAccumulatedAmortization" xlink:title="FiniteLivedIntangibleLiabilitiesAccumulatedAmortization" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IntangiblesDisclosureAbstract" xlink:to="hcp_FiniteLivedIntangibleLiabilitiesAccumulatedAmortization" xlink:title="Presentation : hcp_IntangiblesDisclosureAbstract to hcp_FiniteLivedIntangibleLiabilitiesAccumulatedAmortization" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis" xlink:title="StatementBusinessSegmentsAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassTable" xlink:to="us-gaap_StatementBusinessSegmentsAxis" xlink:title="Presentation : hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassTable to us-gaap_StatementBusinessSegmentsAxis" use="optional" order="4" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems" xlink:label="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems" xlink:title="FiniteLivedIntangibleAssetsAndLiabilitiesLineItems" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassTable" xlink:to="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems" xlink:title="Presentation : hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassTable to hcp_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="us-gaap_ScenarioUnspecifiedDomain" xlink:title="ScenarioUnspecifiedDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementScenarioAxis" xlink:to="us-gaap_ScenarioUnspecifiedDomain" xlink:title="Presentation : us-gaap_StatementScenarioAxis to us-gaap_ScenarioUnspecifiedDomain" use="optional" order="8000" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScenarioPreviouslyReportedMember" xlink:label="us-gaap_ScenarioPreviouslyReportedMember" xlink:title="ScenarioPreviouslyReportedMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScenarioUnspecifiedDomain" xlink:to="us-gaap_ScenarioPreviouslyReportedMember" xlink:title="Presentation : us-gaap_ScenarioUnspecifiedDomain to us-gaap_ScenarioPreviouslyReportedMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentDomain" xlink:label="us-gaap_SegmentDomain" xlink:title="SegmentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_SegmentDomain" xlink:title="Presentation : us-gaap_StatementBusinessSegmentsAxis to us-gaap_SegmentDomain" use="optional" order="8000" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeniorHousingMember" xlink:label="hcp_SeniorHousingMember" xlink:title="SeniorHousingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_SeniorHousingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_SeniorHousingMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IntangiblesDisclosureAbstract" xlink:to="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassTable" xlink:title="Presentation : hcp_IntangiblesDisclosureAbstract to hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassTable" use="optional" order="8000" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassDomain" xlink:label="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassDomain" xlink:title="FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassAxis" xlink:to="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassDomain" xlink:title="Presentation : hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassAxis to hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassDomain" use="optional" order="8000" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LeasesAcquiredInPlaceMember" xlink:label="us-gaap_LeasesAcquiredInPlaceMember" xlink:title="LeasesAcquiredInPlaceMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassDomain" xlink:to="us-gaap_LeasesAcquiredInPlaceMember" xlink:title="Presentation : hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassDomain to us-gaap_LeasesAcquiredInPlaceMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:title="FiniteLivedIntangibleAssetsMajorClassNameDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:to="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:title="Presentation : us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis to us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" use="optional" order="8000" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AboveMarketLeasesMember" xlink:label="us-gaap_AboveMarketLeasesMember" xlink:title="AboveMarketLeasesMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:to="us-gaap_AboveMarketLeasesMember" xlink:title="Presentation : us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain to us-gaap_AboveMarketLeasesMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BelowMarketLeaseGross" xlink:label="us-gaap_BelowMarketLeaseGross" xlink:title="BelowMarketLeaseGross" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems" xlink:to="us-gaap_BelowMarketLeaseGross" xlink:title="Presentation : hcp_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems to us-gaap_BelowMarketLeaseGross" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract" xlink:label="us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract" xlink:title="FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:title="FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:title="Presentation : us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract to us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseAbstract" xlink:label="hcp_FiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseAbstract" xlink:title="FiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FiniteLivedIntangibleLiabilitiesAmortizationNextTwelveMonths" xlink:label="hcp_FiniteLivedIntangibleLiabilitiesAmortizationNextTwelveMonths" xlink:title="FiniteLivedIntangibleLiabilitiesAmortizationNextTwelveMonths" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_FiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseAbstract" xlink:to="hcp_FiniteLivedIntangibleLiabilitiesAmortizationNextTwelveMonths" xlink:title="Presentation : hcp_FiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseAbstract to hcp_FiniteLivedIntangibleLiabilitiesAmortizationNextTwelveMonths" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_TenantLeasesMember" xlink:label="hcp_TenantLeasesMember" xlink:title="TenantLeasesMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassDomain" xlink:to="hcp_TenantLeasesMember" xlink:title="Presentation : hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassDomain to hcp_TenantLeasesMember" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BelowMarketLeasesForLesseeMember" xlink:label="hcp_BelowMarketLeasesForLesseeMember" xlink:title="BelowMarketLeasesForLesseeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:to="hcp_BelowMarketLeasesForLesseeMember" xlink:title="Presentation : us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain to hcp_BelowMarketLeasesForLesseeMember" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AboveMarketGroundLeasesFiniteLivedIntangibleLiabilitiesGross" xlink:label="hcp_AboveMarketGroundLeasesFiniteLivedIntangibleLiabilitiesGross" xlink:title="AboveMarketGroundLeasesFiniteLivedIntangibleLiabilitiesGross" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems" xlink:to="hcp_AboveMarketGroundLeasesFiniteLivedIntangibleLiabilitiesGross" xlink:title="Presentation : hcp_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems to hcp_AboveMarketGroundLeasesFiniteLivedIntangibleLiabilitiesGross" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AmortizationOfBelowMarketLeaseIntangiblesNetAdditionalRevenue" xlink:label="hcp_AmortizationOfBelowMarketLeaseIntangiblesNetAdditionalRevenue" xlink:title="AmortizationOfBelowMarketLeaseIntangiblesNetAdditionalRevenue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IntangiblesDisclosureAbstract" xlink:to="hcp_AmortizationOfBelowMarketLeaseIntangiblesNetAdditionalRevenue" xlink:title="Presentation : hcp_IntangiblesDisclosureAbstract to hcp_AmortizationOfBelowMarketLeaseIntangiblesNetAdditionalRevenue" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:title="FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:title="Presentation : us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract to us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FiniteLivedIntangibleLiabilitiesAmortizationYearTwo" xlink:label="hcp_FiniteLivedIntangibleLiabilitiesAmortizationYearTwo" xlink:title="FiniteLivedIntangibleLiabilitiesAmortizationYearTwo" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_FiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseAbstract" xlink:to="hcp_FiniteLivedIntangibleLiabilitiesAmortizationYearTwo" xlink:title="Presentation : hcp_FiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseAbstract to hcp_FiniteLivedIntangibleLiabilitiesAmortizationYearTwo" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_GroundLeasesMember" xlink:label="hcp_GroundLeasesMember" xlink:title="GroundLeasesMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassDomain" xlink:to="hcp_GroundLeasesMember" xlink:title="Presentation : hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassDomain to hcp_GroundLeasesMember" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FiniteLivedIntangibleLiabilitiesNet" xlink:label="hcp_FiniteLivedIntangibleLiabilitiesNet" xlink:title="FiniteLivedIntangibleLiabilitiesNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems" xlink:to="hcp_FiniteLivedIntangibleLiabilitiesNet" xlink:title="Presentation : hcp_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems to hcp_FiniteLivedIntangibleLiabilitiesNet" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AmortizationOfAboveMarketGroundLeaseIntangiblesNetAdditionalExpense" xlink:label="hcp_AmortizationOfAboveMarketGroundLeaseIntangiblesNetAdditionalExpense" xlink:title="AmortizationOfAboveMarketGroundLeaseIntangiblesNetAdditionalExpense" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IntangiblesDisclosureAbstract" xlink:to="hcp_AmortizationOfAboveMarketGroundLeaseIntangiblesNetAdditionalExpense" xlink:title="Presentation : hcp_IntangiblesDisclosureAbstract to hcp_AmortizationOfAboveMarketGroundLeaseIntangiblesNetAdditionalExpense" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:title="FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:title="Presentation : us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract to us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FiniteLivedIntangibleLiabilitiesAmortizationYearThree" xlink:label="hcp_FiniteLivedIntangibleLiabilitiesAmortizationYearThree" xlink:title="FiniteLivedIntangibleLiabilitiesAmortizationYearThree" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_FiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseAbstract" xlink:to="hcp_FiniteLivedIntangibleLiabilitiesAmortizationYearThree" xlink:title="Presentation : hcp_FiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseAbstract to hcp_FiniteLivedIntangibleLiabilitiesAmortizationYearThree" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MarketLeasesMember" xlink:label="hcp_MarketLeasesMember" xlink:title="MarketLeasesMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassDomain" xlink:to="hcp_MarketLeasesMember" xlink:title="Presentation : hcp_FiniteLivedIntangibleAssetsAndLiabilitiesByMajorClassDomain to hcp_MarketLeasesMember" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetUsefulLife" xlink:label="us-gaap_FiniteLivedIntangibleAssetUsefulLife" xlink:title="FiniteLivedIntangibleAssetUsefulLife" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems" xlink:to="us-gaap_FiniteLivedIntangibleAssetUsefulLife" xlink:title="Presentation : hcp_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems to us-gaap_FiniteLivedIntangibleAssetUsefulLife" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AmortizationOfLeaseUpAndNonCompeteAgreementIntangiblesAdditionalExpense" xlink:label="hcp_AmortizationOfLeaseUpAndNonCompeteAgreementIntangiblesAdditionalExpense" xlink:title="AmortizationOfLeaseUpAndNonCompeteAgreementIntangiblesAdditionalExpense" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IntangiblesDisclosureAbstract" xlink:to="hcp_AmortizationOfLeaseUpAndNonCompeteAgreementIntangiblesAdditionalExpense" xlink:title="Presentation : hcp_IntangiblesDisclosureAbstract to hcp_AmortizationOfLeaseUpAndNonCompeteAgreementIntangiblesAdditionalExpense" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:title="FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:title="Presentation : us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract to us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FiniteLivedIntangibleLiabilitiesAmortizationYearFour" xlink:label="hcp_FiniteLivedIntangibleLiabilitiesAmortizationYearFour" xlink:title="FiniteLivedIntangibleLiabilitiesAmortizationYearFour" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_FiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseAbstract" xlink:to="hcp_FiniteLivedIntangibleLiabilitiesAmortizationYearFour" xlink:title="Presentation : hcp_FiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseAbstract to hcp_FiniteLivedIntangibleLiabilitiesAmortizationYearFour" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FiniteLivedIntangibleLiabilitiesWeightedAverageRemainingAmortizationPeriod" xlink:label="hcp_FiniteLivedIntangibleLiabilitiesWeightedAverageRemainingAmortizationPeriod" xlink:title="FiniteLivedIntangibleLiabilitiesWeightedAverageRemainingAmortizationPeriod" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems" xlink:to="hcp_FiniteLivedIntangibleLiabilitiesWeightedAverageRemainingAmortizationPeriod" xlink:title="Presentation : hcp_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems to hcp_FiniteLivedIntangibleLiabilitiesWeightedAverageRemainingAmortizationPeriod" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IntangiblesDisclosureAbstract" xlink:to="us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract" xlink:title="Presentation : hcp_IntangiblesDisclosureAbstract to us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:title="FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:title="Presentation : us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract to us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FiniteLivedIntangibleLiabilitiesAmortizationYearFive" xlink:label="hcp_FiniteLivedIntangibleLiabilitiesAmortizationYearFive" xlink:title="FiniteLivedIntangibleLiabilitiesAmortizationYearFive" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_FiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseAbstract" xlink:to="hcp_FiniteLivedIntangibleLiabilitiesAmortizationYearFive" xlink:title="Presentation : hcp_FiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseAbstract to hcp_FiniteLivedIntangibleLiabilitiesAmortizationYearFive" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive" xlink:title="FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive" xlink:title="Presentation : us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract to us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive" use="optional" order="8005" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IntangiblesDisclosureAbstract" xlink:to="hcp_FiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseAbstract" xlink:title="Presentation : hcp_IntangiblesDisclosureAbstract to hcp_FiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseAbstract" use="optional" order="8005" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FiniteLivedIntangibleLiabilitiesAmortizationAfterYearFive" xlink:label="hcp_FiniteLivedIntangibleLiabilitiesAmortizationAfterYearFive" xlink:title="FiniteLivedIntangibleLiabilitiesAmortizationAfterYearFive" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_FiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseAbstract" xlink:to="hcp_FiniteLivedIntangibleLiabilitiesAmortizationAfterYearFive" xlink:title="Presentation : hcp_FiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseAbstract to hcp_FiniteLivedIntangibleLiabilitiesAmortizationAfterYearFive" use="optional" order="8005" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet" xlink:title="FiniteLivedIntangibleAssetsNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract" xlink:to="us-gaap_FiniteLivedIntangibleAssetsNet" xlink:title="Presentation : us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract to us-gaap_FiniteLivedIntangibleAssetsNet" use="optional" order="8006" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_FiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseAbstract" xlink:to="hcp_FiniteLivedIntangibleLiabilitiesNet" xlink:title="Presentation : hcp_FiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseAbstract to hcp_FiniteLivedIntangibleLiabilitiesNet" use="optional" order="8006" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureRealEstateAndAccumulatedDepreciationDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis" xlink:title="StatementBusinessSegmentsAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentDomain" xlink:label="us-gaap_SegmentDomain" xlink:title="SegmentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_SegmentDomain" xlink:title="Presentation : us-gaap_StatementBusinessSegmentsAxis to us-gaap_SegmentDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeniorHousingMember" xlink:label="hcp_SeniorHousingMember" xlink:title="SeniorHousingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_SeniorHousingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_SeniorHousingMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract" xlink:title="RealEstateAndAccumulatedDepreciationDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationByPropertyTable" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationByPropertyTable" xlink:title="RealEstateAndAccumulatedDepreciationByPropertyTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationByPropertyTable" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract to us-gaap_RealEstateAndAccumulatedDepreciationByPropertyTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:title="RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationByPropertyTable" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationByPropertyTable to us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:title="RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis to us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Huntsville1107ALMember" xlink:label="hcp_Huntsville1107ALMember" xlink:title="Huntsville1107ALMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Huntsville1107ALMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Huntsville1107ALMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ConsolidationItemsAxis" xlink:label="us-gaap_ConsolidationItemsAxis" xlink:title="ConsolidationItemsAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ConsolidationItemsDomain" xlink:label="us-gaap_ConsolidationItemsDomain" xlink:title="ConsolidationItemsDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConsolidationItemsAxis" xlink:to="us-gaap_ConsolidationItemsDomain" xlink:title="Presentation : us-gaap_ConsolidationItemsAxis to us-gaap_ConsolidationItemsDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingSegmentsMember" xlink:label="us-gaap_OperatingSegmentsMember" xlink:title="OperatingSegmentsMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConsolidationItemsDomain" xlink:to="us-gaap_OperatingSegmentsMember" xlink:title="Presentation : us-gaap_ConsolidationItemsDomain to us-gaap_OperatingSegmentsMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationLineItems" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationLineItems" xlink:title="RealEstateAndAccumulatedDepreciationLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances" xlink:title="RealEstateAndAccumulatedDepreciationAmountOfEncumbrances" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationLineItems" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationLineItems to us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationInitialCostAbstract" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostAbstract" xlink:title="RealEstateAndAccumulatedDepreciationInitialCostAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand" xlink:title="RealEstateAndAccumulatedDepreciationInitialCostOfLand" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostAbstract" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationInitialCostAbstract to us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovementsAbstract" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovementsAbstract" xlink:title="RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovementsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand" xlink:title="RealEstateAndAccumulatedDepreciationCarryingAmountOfLand" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovementsAbstract" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovementsAbstract to us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LifescienceMember" xlink:label="hcp_LifescienceMember" xlink:title="LifescienceMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_LifescienceMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_LifescienceMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LittleRock1154ARMember" xlink:label="hcp_LittleRock1154ARMember" xlink:title="LittleRock1154ARMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_LittleRock1154ARMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_LittleRock1154ARMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationByPropertyTable" xlink:to="us-gaap_StatementBusinessSegmentsAxis" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationByPropertyTable to us-gaap_StatementBusinessSegmentsAxis" use="optional" order="2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CorporateNonSegmentMember" xlink:label="us-gaap_CorporateNonSegmentMember" xlink:title="CorporateNonSegmentMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConsolidationItemsDomain" xlink:to="us-gaap_CorporateNonSegmentMember" xlink:title="Presentation : us-gaap_ConsolidationItemsDomain to us-gaap_CorporateNonSegmentMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationLineItems" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostAbstract" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationLineItems to us-gaap_RealEstateAndAccumulatedDepreciationInitialCostAbstract" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements" xlink:title="RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostAbstract" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationInitialCostAbstract to us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements" xlink:title="RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovementsAbstract" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovementsAbstract to us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MedicalOfficeMember" xlink:label="hcp_MedicalOfficeMember" xlink:title="MedicalOfficeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_MedicalOfficeMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_MedicalOfficeMember" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Douglas786AZMember" xlink:label="hcp_Douglas786AZMember" xlink:title="Douglas786AZMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Douglas786AZMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Douglas786AZMember" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationByPropertyTable" xlink:to="us-gaap_ConsolidationItemsAxis" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationByPropertyTable to us-gaap_ConsolidationItemsAxis" use="optional" order="3" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisition" xlink:label="hcp_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisition" xlink:title="RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisition" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationLineItems" xlink:to="hcp_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisition" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationLineItems to hcp_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisition" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateGrossAtCarryingValue" xlink:label="us-gaap_RealEstateGrossAtCarryingValue" xlink:title="RealEstateGrossAtCarryingValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovementsAbstract" xlink:to="us-gaap_RealEstateGrossAtCarryingValue" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovementsAbstract to us-gaap_RealEstateGrossAtCarryingValue" order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PostAcuteAndSkilledNursingMember" xlink:label="hcp_PostAcuteAndSkilledNursingMember" xlink:title="PostAcuteAndSkilledNursingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_PostAcuteAndSkilledNursingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_PostAcuteAndSkilledNursingMember" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Prescott2087AZMember" xlink:label="hcp_Prescott2087AZMember" xlink:title="Prescott2087AZMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Prescott2087AZMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Prescott2087AZMember" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationByPropertyTable" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationLineItems" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationByPropertyTable to us-gaap_RealEstateAndAccumulatedDepreciationLineItems" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationLineItems" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovementsAbstract" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationLineItems to us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovementsAbstract" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HospitalMember" xlink:label="hcp_HospitalMember" xlink:title="HospitalMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_HospitalMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_HospitalMember" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SunCity1974AZMember" xlink:label="hcp_SunCity1974AZMember" xlink:title="SunCity1974AZMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SunCity1974AZMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SunCity1974AZMember" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAccumulatedDepreciation" xlink:label="us-gaap_RealEstateAccumulatedDepreciation" xlink:title="RealEstateAccumulatedDepreciation" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationLineItems" xlink:to="us-gaap_RealEstateAccumulatedDepreciation" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationLineItems to us-gaap_RealEstateAccumulatedDepreciation" order="5" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Tucson518AZMember" xlink:label="hcp_Tucson518AZMember" xlink:title="Tucson518AZMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Tucson518AZMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Tucson518AZMember" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1" xlink:title="RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationLineItems" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationLineItems to us-gaap_RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BeverlyHills1238CAMember" xlink:label="hcp_BeverlyHills1238CAMember" xlink:title="BeverlyHills1238CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_BeverlyHills1238CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_BeverlyHills1238CAMember" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Camarillo1149CAMember" xlink:label="hcp_Camarillo1149CAMember" xlink:title="Camarillo1149CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Camarillo1149CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Camarillo1149CAMember" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Carlsbad1006CAMember" xlink:label="hcp_Carlsbad1006CAMember" xlink:title="Carlsbad1006CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Carlsbad1006CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Carlsbad1006CAMember" use="optional" order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Carmichael883CAMember" xlink:label="hcp_Carmichael883CAMember" xlink:title="Carmichael883CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Carmichael883CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Carmichael883CAMember" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CitrusHeights851CAMember" xlink:label="hcp_CitrusHeights851CAMember" xlink:title="CitrusHeights851CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_CitrusHeights851CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_CitrusHeights851CAMember" use="optional" order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Clearlake2092CAMember" xlink:label="hcp_Clearlake2092CAMember" xlink:title="Clearlake2092CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Clearlake2092CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Clearlake2092CAMember" use="optional" order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Concord790CAMember" xlink:label="hcp_Concord790CAMember" xlink:title="Concord790CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Concord790CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Concord790CAMember" use="optional" order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Corona2181CAMember" xlink:label="hcp_Corona2181CAMember" xlink:title="Corona2181CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Corona2181CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Corona2181CAMember" use="optional" order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DanaPoint787CAMember" xlink:label="hcp_DanaPoint787CAMember" xlink:title="DanaPoint787CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_DanaPoint787CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_DanaPoint787CAMember" use="optional" order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ElkGrove1152CAMember" xlink:label="hcp_ElkGrove1152CAMember" xlink:title="ElkGrove1152CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_ElkGrove1152CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_ElkGrove1152CAMember" use="optional" order="16" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Escondido798CAMember" xlink:label="hcp_Escondido798CAMember" xlink:title="Escondido798CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Escondido798CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Escondido798CAMember" use="optional" order="17" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Fortuna2054CAMember" xlink:label="hcp_Fortuna2054CAMember" xlink:title="Fortuna2054CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Fortuna2054CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Fortuna2054CAMember" use="optional" order="18" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Fortuna2079CAMember" xlink:label="hcp_Fortuna2079CAMember" xlink:title="Fortuna2079CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Fortuna2079CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Fortuna2079CAMember" use="optional" order="19" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Fremont791CAMember" xlink:label="hcp_Fremont791CAMember" xlink:title="Fremont791CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Fremont791CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Fremont791CAMember" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Fresno1965CAMember" xlink:label="hcp_Fresno1965CAMember" xlink:title="Fresno1965CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Fresno1965CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Fresno1965CAMember" use="optional" order="21" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_GranadaHills788CAMember" xlink:label="hcp_GranadaHills788CAMember" xlink:title="GranadaHills788CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_GranadaHills788CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_GranadaHills788CAMember" use="optional" order="22" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Hemet1156CAMember" xlink:label="hcp_Hemet1156CAMember" xlink:title="Hemet1156CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Hemet1156CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Hemet1156CAMember" use="optional" order="23" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Irvine856CAMember" xlink:label="hcp_Irvine856CAMember" xlink:title="Irvine856CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Irvine856CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Irvine856CAMember" use="optional" order="24" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Lodi227CAMember" xlink:label="hcp_Lodi227CAMember" xlink:title="Lodi227CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Lodi227CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Lodi227CAMember" use="optional" order="25" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Murietta226CAMember" xlink:label="hcp_Murietta226CAMember" xlink:title="Murietta226CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Murietta226CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Murietta226CAMember" use="optional" order="26" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Northridge1165CAMember" xlink:label="hcp_Northridge1165CAMember" xlink:title="Northridge1165CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Northridge1165CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Northridge1165CAMember" use="optional" order="27" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Orangevale1561CAMember" xlink:label="hcp_Orangevale1561CAMember" xlink:title="Orangevale1561CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Orangevale1561CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Orangevale1561CAMember" use="optional" order="28" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PalmSprings1168CAMember" xlink:label="hcp_PalmSprings1168CAMember" xlink:title="PalmSprings1168CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_PalmSprings1168CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_PalmSprings1168CAMember" use="optional" order="29" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PleasantHill789CAMember" xlink:label="hcp_PleasantHill789CAMember" xlink:title="PleasantHill789CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_PleasantHill789CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_PleasantHill789CAMember" use="optional" order="30" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RanchoMirage1166CAMember" xlink:label="hcp_RanchoMirage1166CAMember" xlink:title="RanchoMirage1166CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RanchoMirage1166CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RanchoMirage1166CAMember" use="optional" order="31" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Roseville2065CAMember" xlink:label="hcp_Roseville2065CAMember" xlink:title="Roseville2065CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Roseville2065CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Roseville2065CAMember" use="optional" order="32" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanDiego1008CAMember" xlink:label="hcp_SanDiego1008CAMember" xlink:title="SanDiego1008CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanDiego1008CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanDiego1008CAMember" use="optional" order="33" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanDimas1007CAMember" xlink:label="hcp_SanDimas1007CAMember" xlink:title="SanDimas1007CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanDimas1007CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanDimas1007CAMember" use="optional" order="34" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanJuanCapistrano1009CAMember" xlink:label="hcp_SanJuanCapistrano1009CAMember" xlink:title="SanJuanCapistrano1009CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanJuanCapistrano1009CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanJuanCapistrano1009CAMember" use="optional" order="35" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SantaRosa1167CAMember" xlink:label="hcp_SantaRosa1167CAMember" xlink:title="SantaRosa1167CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SantaRosa1167CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SantaRosa1167CAMember" use="optional" order="36" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco793CAMember" xlink:label="hcp_SouthSanFrancisco793CAMember" xlink:title="SouthSanFrancisco793CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco793CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco793CAMember" use="optional" order="37" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SunCity1966CAMember" xlink:label="hcp_SunCity1966CAMember" xlink:title="SunCity1966CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SunCity1966CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SunCity1966CAMember" use="optional" order="38" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Ventura792CAMember" xlink:label="hcp_Ventura792CAMember" xlink:title="Ventura792CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Ventura792CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Ventura792CAMember" use="optional" order="39" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_YorbaLinda1155CAMember" xlink:label="hcp_YorbaLinda1155CAMember" xlink:title="YorbaLinda1155CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_YorbaLinda1155CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_YorbaLinda1155CAMember" use="optional" order="40" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Yreka2055CAMember" xlink:label="hcp_Yreka2055CAMember" xlink:title="Yreka2055CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Yreka2055CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Yreka2055CAMember" use="optional" order="41" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ColoradoSprings1232COMember" xlink:label="hcp_ColoradoSprings1232COMember" xlink:title="ColoradoSprings1232COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_ColoradoSprings1232COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_ColoradoSprings1232COMember" use="optional" order="42" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Denver512COMember" xlink:label="hcp_Denver512COMember" xlink:title="Denver512COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Denver512COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Denver512COMember" use="optional" order="43" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Denver1233COMember" xlink:label="hcp_Denver1233COMember" xlink:title="Denver1233COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Denver1233COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Denver1233COMember" use="optional" order="44" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Denver2146COMember" xlink:label="hcp_Denver2146COMember" xlink:title="Denver2146COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Denver2146COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Denver2146COMember" use="optional" order="45" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_GreenwoodVillage1000COMember" xlink:label="hcp_GreenwoodVillage1000COMember" xlink:title="GreenwoodVillage1000COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_GreenwoodVillage1000COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_GreenwoodVillage1000COMember" use="optional" order="46" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Lakewood1234COMember" xlink:label="hcp_Lakewood1234COMember" xlink:title="Lakewood1234COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Lakewood1234COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Lakewood1234COMember" use="optional" order="47" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Montrose2091COMember" xlink:label="hcp_Montrose2091COMember" xlink:title="Montrose2091COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Montrose2091COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Montrose2091COMember" use="optional" order="48" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Glastonbury2085CTMember" xlink:label="hcp_Glastonbury2085CTMember" xlink:title="Glastonbury2085CTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Glastonbury2085CTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Glastonbury2085CTMember" use="optional" order="49" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Glastonbury2144CTMember" xlink:label="hcp_Glastonbury2144CTMember" xlink:title="Glastonbury2144CTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Glastonbury2144CTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Glastonbury2144CTMember" use="optional" order="50" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Torrington730CTMember" xlink:label="hcp_Torrington730CTMember" xlink:title="Torrington730CTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Torrington730CTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Torrington730CTMember" use="optional" order="51" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Woodbridge1010CTMember" xlink:label="hcp_Woodbridge1010CTMember" xlink:title="Woodbridge1010CTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Woodbridge1010CTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Woodbridge1010CTMember" use="optional" order="52" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AltamonteSprings538FLMember" xlink:label="hcp_AltamonteSprings538FLMember" xlink:title="AltamonteSprings538FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_AltamonteSprings538FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_AltamonteSprings538FLMember" use="optional" order="53" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Apopka861FLMember" xlink:label="hcp_Apopka861FLMember" xlink:title="Apopka861FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Apopka861FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Apopka861FLMember" use="optional" order="54" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BocaRaton852FLMember" xlink:label="hcp_BocaRaton852FLMember" xlink:title="BocaRaton852FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_BocaRaton852FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_BocaRaton852FLMember" use="optional" order="55" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BocaRaton1001FLMember" xlink:label="hcp_BocaRaton1001FLMember" xlink:title="BocaRaton1001FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_BocaRaton1001FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_BocaRaton1001FLMember" use="optional" order="56" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BoyntonBeach544FLMember" xlink:label="hcp_BoyntonBeach544FLMember" xlink:title="BoyntonBeach544FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_BoyntonBeach544FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_BoyntonBeach544FLMember" use="optional" order="57" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BoyntonBeach1963FLMember" xlink:label="hcp_BoyntonBeach1963FLMember" xlink:title="BoyntonBeach1963FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_BoyntonBeach1963FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_BoyntonBeach1963FLMember" use="optional" order="58" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BoyntonBeach1964FLMember" xlink:label="hcp_BoyntonBeach1964FLMember" xlink:title="BoyntonBeach1964FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_BoyntonBeach1964FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_BoyntonBeach1964FLMember" use="optional" order="59" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Clearwater539FLMember" xlink:label="hcp_Clearwater539FLMember" xlink:title="Clearwater539FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Clearwater539FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Clearwater539FLMember" use="optional" order="60" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Clearwater746FLMember" xlink:label="hcp_Clearwater746FLMember" xlink:title="Clearwater746FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Clearwater746FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Clearwater746FLMember" use="optional" order="61" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Clermont862FLMember" xlink:label="hcp_Clermont862FLMember" xlink:title="Clermont862FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Clermont862FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Clermont862FLMember" use="optional" order="62" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CoconutCreek1002FLMember" xlink:label="hcp_CoconutCreek1002FLMember" xlink:title="CoconutCreek1002FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_CoconutCreek1002FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_CoconutCreek1002FLMember" use="optional" order="63" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DelrayBeach492FLMember" xlink:label="hcp_DelrayBeach492FLMember" xlink:title="DelrayBeach492FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_DelrayBeach492FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_DelrayBeach492FLMember" use="optional" order="64" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Gainesville850FLMember" xlink:label="hcp_Gainesville850FLMember" xlink:title="Gainesville850FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Gainesville850FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Gainesville850FLMember" use="optional" order="65" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Gainesville1095FLMember" xlink:label="hcp_Gainesville1095FLMember" xlink:title="Gainesville1095FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Gainesville1095FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Gainesville1095FLMember" use="optional" order="66" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Jacksonville490FLMember" xlink:label="hcp_Jacksonville490FLMember" xlink:title="Jacksonville490FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Jacksonville490FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Jacksonville490FLMember" use="optional" order="67" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Jacksonville1096FLMember" xlink:label="hcp_Jacksonville1096FLMember" xlink:title="Jacksonville1096FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Jacksonville1096FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Jacksonville1096FLMember" use="optional" order="68" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Lantana855FLMember" xlink:label="hcp_Lantana855FLMember" xlink:title="Lantana855FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Lantana855FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Lantana855FLMember" use="optional" order="69" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Largo1968FLMember" xlink:label="hcp_Largo1968FLMember" xlink:title="Largo1968FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Largo1968FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Largo1968FLMember" use="optional" order="70" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Ocoee731FLMember" xlink:label="hcp_Ocoee731FLMember" xlink:title="Ocoee731FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Ocoee731FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Ocoee731FLMember" use="optional" order="71" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Oviedo859FLMember" xlink:label="hcp_Oviedo859FLMember" xlink:title="Oviedo859FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Oviedo859FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Oviedo859FLMember" use="optional" order="72" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PalmBeachGardens1970FLMember" xlink:label="hcp_PalmBeachGardens1970FLMember" xlink:title="PalmBeachGardens1970FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_PalmBeachGardens1970FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_PalmBeachGardens1970FLMember" use="optional" order="73" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PalmHarbor1017FLMember" xlink:label="hcp_PalmHarbor1017FLMember" xlink:title="PalmHarbor1017FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_PalmHarbor1017FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_PalmHarbor1017FLMember" use="optional" order="74" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PortOrange732FLMember" xlink:label="hcp_PortOrange732FLMember" xlink:title="PortOrange732FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_PortOrange732FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_PortOrange732FLMember" use="optional" order="75" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Sarasota1971FLMember" xlink:label="hcp_Sarasota1971FLMember" xlink:title="Sarasota1971FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Sarasota1971FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Sarasota1971FLMember" use="optional" order="76" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_St.Augustine802FLMember" xlink:label="hcp_St.Augustine802FLMember" xlink:title="St.Augustine802FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_St.Augustine802FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_St.Augustine802FLMember" use="optional" order="77" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Springtree2194FLMember" xlink:label="hcp_Springtree2194FLMember" xlink:title="Springtree2194FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Springtree2194FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Springtree2194FLMember" use="optional" order="78" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SunCityCenter692FLMember" xlink:label="hcp_SunCityCenter692FLMember" xlink:title="SunCityCenter692FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SunCityCenter692FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SunCityCenter692FLMember" use="optional" order="79" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SunCityCenter698FLMember" xlink:label="hcp_SunCityCenter698FLMember" xlink:title="SunCityCenter698FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SunCityCenter698FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SunCityCenter698FLMember" use="optional" order="80" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Tallahassee1097FLMember" xlink:label="hcp_Tallahassee1097FLMember" xlink:title="Tallahassee1097FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Tallahassee1097FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Tallahassee1097FLMember" use="optional" order="81" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Tampa224FLMember" xlink:label="hcp_Tampa224FLMember" xlink:title="Tampa224FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Tampa224FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Tampa224FLMember" use="optional" order="82" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Tampa849FLMember" xlink:label="hcp_Tampa849FLMember" xlink:title="Tampa849FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Tampa849FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Tampa849FLMember" use="optional" order="83" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_VeroBeach1257FLMember" xlink:label="hcp_VeroBeach1257FLMember" xlink:title="VeroBeach1257FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_VeroBeach1257FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_VeroBeach1257FLMember" use="optional" order="84" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_VeroBeach1605FLMember" xlink:label="hcp_VeroBeach1605FLMember" xlink:title="VeroBeach1605FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_VeroBeach1605FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_VeroBeach1605FLMember" use="optional" order="85" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_WestPalmBeach1976FLMember" xlink:label="hcp_WestPalmBeach1976FLMember" xlink:title="WestPalmBeach1976FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_WestPalmBeach1976FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_WestPalmBeach1976FLMember" use="optional" order="86" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Alpharetta1098GAMember" xlink:label="hcp_Alpharetta1098GAMember" xlink:title="Alpharetta1098GAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Alpharetta1098GAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Alpharetta1098GAMember" use="optional" order="87" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Atlanta1099GAMember" xlink:label="hcp_Atlanta1099GAMember" xlink:title="Atlanta1099GAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Atlanta1099GAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Atlanta1099GAMember" use="optional" order="88" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Atlanta1169GAMember" xlink:label="hcp_Atlanta1169GAMember" xlink:title="Atlanta1169GAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Atlanta1169GAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Atlanta1169GAMember" use="optional" order="89" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Buford2108GAMember" xlink:label="hcp_Buford2108GAMember" xlink:title="Buford2108GAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Buford2108GAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Buford2108GAMember" use="optional" order="90" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Buford2109GAMember" xlink:label="hcp_Buford2109GAMember" xlink:title="Buford2109GAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Buford2109GAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Buford2109GAMember" use="optional" order="91" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Buford2123GAMember" xlink:label="hcp_Buford2123GAMember" xlink:title="Buford2123GAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Buford2123GAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Buford2123GAMember" use="optional" order="92" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Canton2053GAMember" xlink:label="hcp_Canton2053GAMember" xlink:title="Canton2053GAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Canton2053GAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Canton2053GAMember" use="optional" order="93" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Commerce2155GAMember" xlink:label="hcp_Commerce2155GAMember" xlink:title="Commerce2155GAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Commerce2155GAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Commerce2155GAMember" use="optional" order="94" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Hartwell2165GAMember" xlink:label="hcp_Hartwell2165GAMember" xlink:title="Hartwell2165GAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Hartwell2165GAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Hartwell2165GAMember" use="optional" order="95" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Lawrenceville2066GAMember" xlink:label="hcp_Lawrenceville2066GAMember" xlink:title="Lawrenceville2066GAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Lawrenceville2066GAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Lawrenceville2066GAMember" use="optional" order="96" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Lilburn1241GAMember" xlink:label="hcp_Lilburn1241GAMember" xlink:title="Lilburn1241GAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Lilburn1241GAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Lilburn1241GAMember" use="optional" order="97" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LithiaSprings2167GAMember" xlink:label="hcp_LithiaSprings2167GAMember" xlink:title="LithiaSprings2167GAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_LithiaSprings2167GAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_LithiaSprings2167GAMember" use="optional" order="98" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Macon2105GAMember" xlink:label="hcp_Macon2105GAMember" xlink:title="Macon2105GAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Macon2105GAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Macon2105GAMember" use="optional" order="99" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Marietta1112GAMember" xlink:label="hcp_Marietta1112GAMember" xlink:title="Marietta1112GAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Marietta1112GAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Marietta1112GAMember" use="optional" order="100" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Marietta2156GAMember" xlink:label="hcp_Marietta2156GAMember" xlink:title="Marietta2156GAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Marietta2156GAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Marietta2156GAMember" use="optional" order="101" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Newnan2086GAMember" xlink:label="hcp_Newnan2086GAMember" xlink:title="Newnan2086GAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Newnan2086GAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Newnan2086GAMember" use="optional" order="102" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_StoneMountain2147GAMember" xlink:label="hcp_StoneMountain2147GAMember" xlink:title="StoneMountain2147GAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_StoneMountain2147GAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_StoneMountain2147GAMember" use="optional" order="103" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Woodstock2118GAMember" xlink:label="hcp_Woodstock2118GAMember" xlink:title="Woodstock2118GAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Woodstock2118GAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Woodstock2118GAMember" use="optional" order="104" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Woodstock2157GAMember" xlink:label="hcp_Woodstock2157GAMember" xlink:title="Woodstock2157GAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Woodstock2157GAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Woodstock2157GAMember" use="optional" order="105" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Davenport1088IAMember" xlink:label="hcp_Davenport1088IAMember" xlink:title="Davenport1088IAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Davenport1088IAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Davenport1088IAMember" use="optional" order="106" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Marion1093IAMember" xlink:label="hcp_Marion1093IAMember" xlink:title="Marion1093IAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Marion1093IAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Marion1093IAMember" use="optional" order="107" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SiouxCity2166IAMember" xlink:label="hcp_SiouxCity2166IAMember" xlink:title="SiouxCity2166IAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SiouxCity2166IAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SiouxCity2166IAMember" use="optional" order="108" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Bloomington1091ILMember" xlink:label="hcp_Bloomington1091ILMember" xlink:title="Bloomington1091ILMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Bloomington1091ILMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Bloomington1091ILMember" use="optional" order="109" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BurrRidge1587ILMember" xlink:label="hcp_BurrRidge1587ILMember" xlink:title="BurrRidge1587ILMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_BurrRidge1587ILMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_BurrRidge1587ILMember" use="optional" order="110" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Champaign1089ILMember" xlink:label="hcp_Champaign1089ILMember" xlink:title="Champaign1089ILMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Champaign1089ILMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Champaign1089ILMember" use="optional" order="111" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HoffmanEstates1157ILMember" xlink:label="hcp_HoffmanEstates1157ILMember" xlink:title="HoffmanEstates1157ILMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_HoffmanEstates1157ILMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_HoffmanEstates1157ILMember" use="optional" order="112" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Macomb1090ILMember" xlink:label="hcp_Macomb1090ILMember" xlink:title="Macomb1090ILMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Macomb1090ILMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Macomb1090ILMember" use="optional" order="113" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Mt.Vernon1143ILMember" xlink:label="hcp_Mt.Vernon1143ILMember" xlink:title="Mt.Vernon1143ILMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Mt.Vernon1143ILMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Mt.Vernon1143ILMember" use="optional" order="114" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Niles1969ILMember" xlink:label="hcp_Niles1969ILMember" xlink:title="Niles1969ILMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Niles1969ILMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Niles1969ILMember" use="optional" order="115" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_OakPark1005ILMember" xlink:label="hcp_OakPark1005ILMember" xlink:title="OakPark1005ILMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_OakPark1005ILMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_OakPark1005ILMember" use="optional" order="116" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_OlympiaFields1961ILMember" xlink:label="hcp_OlympiaFields1961ILMember" xlink:title="OlympiaFields1961ILMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_OlympiaFields1961ILMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_OlympiaFields1961ILMember" use="optional" order="117" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_OrlandPark1162ILMember" xlink:label="hcp_OrlandPark1162ILMember" xlink:title="OrlandPark1162ILMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_OrlandPark1162ILMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_OrlandPark1162ILMember" use="optional" order="118" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Peoria1092ILMember" xlink:label="hcp_Peoria1092ILMember" xlink:title="Peoria1092ILMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Peoria1092ILMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Peoria1092ILMember" use="optional" order="119" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ProspectHeights1588ILMember" xlink:label="hcp_ProspectHeights1588ILMember" xlink:title="ProspectHeights1588ILMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_ProspectHeights1588ILMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_ProspectHeights1588ILMember" use="optional" order="120" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_VernonHills1952ILMember" xlink:label="hcp_VernonHills1952ILMember" xlink:title="VernonHills1952ILMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_VernonHills1952ILMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_VernonHills1952ILMember" use="optional" order="121" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Wilmette1237ILMember" xlink:label="hcp_Wilmette1237ILMember" xlink:title="Wilmette1237ILMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Wilmette1237ILMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Wilmette1237ILMember" use="optional" order="122" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Evansville379INMember" xlink:label="hcp_Evansville379INMember" xlink:title="Evansville379INMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Evansville379INMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Evansville379INMember" use="optional" order="123" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Indianapolis1144INMember" xlink:label="hcp_Indianapolis1144INMember" xlink:title="Indianapolis1144INMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Indianapolis1144INMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Indianapolis1144INMember" use="optional" order="124" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Indianapolis1145INMember" xlink:label="hcp_Indianapolis1145INMember" xlink:title="Indianapolis1145INMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Indianapolis1145INMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Indianapolis1145INMember" use="optional" order="125" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Jasper457INMember" xlink:label="hcp_Jasper457INMember" xlink:title="Jasper457INMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Jasper457INMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Jasper457INMember" use="optional" order="126" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Kokomo2047INMember" xlink:label="hcp_Kokomo2047INMember" xlink:title="Kokomo2047INMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Kokomo2047INMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Kokomo2047INMember" use="optional" order="127" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_WestLafayette1146INMember" xlink:label="hcp_WestLafayette1146INMember" xlink:title="WestLafayette1146INMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_WestLafayette1146INMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_WestLafayette1146INMember" use="optional" order="128" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Edgewood1170KYMember" xlink:label="hcp_Edgewood1170KYMember" xlink:title="Edgewood1170KYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Edgewood1170KYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Edgewood1170KYMember" use="optional" order="129" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Lexington697KYMember" xlink:label="hcp_Lexington697KYMember" xlink:title="Lexington697KYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Lexington697KYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Lexington697KYMember" use="optional" order="130" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Louisville1105KYMember" xlink:label="hcp_Louisville1105KYMember" xlink:title="Louisville1105KYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Louisville1105KYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Louisville1105KYMember" use="optional" order="131" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Murray2115KYMember" xlink:label="hcp_Murray2115KYMember" xlink:title="Murray2115KYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Murray2115KYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Murray2115KYMember" use="optional" order="132" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Paducah2135KYMember" xlink:label="hcp_Paducah2135KYMember" xlink:title="Paducah2135KYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Paducah2135KYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Paducah2135KYMember" use="optional" order="133" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Danvers1013MAMember" xlink:label="hcp_Danvers1013MAMember" xlink:title="Danvers1013MAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Danvers1013MAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Danvers1013MAMember" use="optional" order="134" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Dartmouth1151MAMember" xlink:label="hcp_Dartmouth1151MAMember" xlink:title="Dartmouth1151MAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Dartmouth1151MAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Dartmouth1151MAMember" use="optional" order="135" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Dedham1012MAMember" xlink:label="hcp_Dedham1012MAMember" xlink:title="Dedham1012MAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Dedham1012MAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Dedham1012MAMember" use="optional" order="136" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Plymouth1158MAMember" xlink:label="hcp_Plymouth1158MAMember" xlink:title="Plymouth1158MAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Plymouth1158MAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Plymouth1158MAMember" use="optional" order="137" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Baltimore1153MDMember" xlink:label="hcp_Baltimore1153MDMember" xlink:title="Baltimore1153MDMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Baltimore1153MDMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Baltimore1153MDMember" use="optional" order="138" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Frederick1249MDMember" xlink:label="hcp_Frederick1249MDMember" xlink:title="Frederick1249MDMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Frederick1249MDMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Frederick1249MDMember" use="optional" order="139" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Pikesville1011MDMember" xlink:label="hcp_Pikesville1011MDMember" xlink:title="Pikesville1011MDMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Pikesville1011MDMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Pikesville1011MDMember" use="optional" order="140" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Westminster281MDMember" xlink:label="hcp_Westminster281MDMember" xlink:title="Westminster281MDMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Westminster281MDMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Westminster281MDMember" use="optional" order="141" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CapeElizabeth546MEMember" xlink:label="hcp_CapeElizabeth546MEMember" xlink:title="CapeElizabeth546MEMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_CapeElizabeth546MEMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_CapeElizabeth546MEMember" use="optional" order="142" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Saco545MEMember" xlink:label="hcp_Saco545MEMember" xlink:title="Saco545MEMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Saco545MEMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Saco545MEMember" use="optional" order="143" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AuburnHills1258MIMember" xlink:label="hcp_AuburnHills1258MIMember" xlink:title="AuburnHills1258MIMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_AuburnHills1258MIMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_AuburnHills1258MIMember" use="optional" order="144" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FarmingtonHills1248MIMember" xlink:label="hcp_FarmingtonHills1248MIMember" xlink:title="FarmingtonHills1248MIMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_FarmingtonHills1248MIMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_FarmingtonHills1248MIMember" use="optional" order="145" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Holland696MIMember" xlink:label="hcp_Holland696MIMember" xlink:title="Holland696MIMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Holland696MIMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Holland696MIMember" use="optional" order="146" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Portage1094MIMember" xlink:label="hcp_Portage1094MIMember" xlink:title="Portage1094MIMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Portage1094MIMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Portage1094MIMember" use="optional" order="147" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SterlingHeights472MIMember" xlink:label="hcp_SterlingHeights472MIMember" xlink:title="SterlingHeights472MIMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SterlingHeights472MIMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SterlingHeights472MIMember" use="optional" order="148" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SterlingHeights1259MIMember" xlink:label="hcp_SterlingHeights1259MIMember" xlink:title="SterlingHeights1259MIMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SterlingHeights1259MIMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SterlingHeights1259MIMember" use="optional" order="149" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Champlin2143MNMember" xlink:label="hcp_Champlin2143MNMember" xlink:title="Champlin2143MNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Champlin2143MNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Champlin2143MNMember" use="optional" order="150" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DesPeres1235MOMember" xlink:label="hcp_DesPeres1235MOMember" xlink:title="DesPeres1235MOMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_DesPeres1235MOMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_DesPeres1235MOMember" use="optional" order="151" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RichmondHeights1236MOMember" xlink:label="hcp_RichmondHeights1236MOMember" xlink:title="RichmondHeights1236MOMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RichmondHeights1236MOMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RichmondHeights1236MOMember" use="optional" order="152" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_St.Louis853MOMember" xlink:label="hcp_St.Louis853MOMember" xlink:title="St.Louis853MOMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_St.Louis853MOMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_St.Louis853MOMember" use="optional" order="153" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_St.Peters2081MOMember" xlink:label="hcp_St.Peters2081MOMember" xlink:title="St.Peters2081MOMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_St.Peters2081MOMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_St.Peters2081MOMember" use="optional" order="154" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Oxford2074MSMember" xlink:label="hcp_Oxford2074MSMember" xlink:title="Oxford2074MSMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Oxford2074MSMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Oxford2074MSMember" use="optional" order="155" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_GreatFalls842MTMember" xlink:label="hcp_GreatFalls842MTMember" xlink:title="GreatFalls842MTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_GreatFalls842MTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_GreatFalls842MTMember" use="optional" order="156" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_GreatFalls2163MTMember" xlink:label="hcp_GreatFalls2163MTMember" xlink:title="GreatFalls2163MTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_GreatFalls2163MTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_GreatFalls2163MTMember" use="optional" order="157" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Charlotte878NCMember" xlink:label="hcp_Charlotte878NCMember" xlink:title="Charlotte878NCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Charlotte878NCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Charlotte878NCMember" use="optional" order="158" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Charlotte1584NCMember" xlink:label="hcp_Charlotte1584NCMember" xlink:title="Charlotte1584NCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Charlotte1584NCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Charlotte1584NCMember" use="optional" order="159" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Concord1119NCMember" xlink:label="hcp_Concord1119NCMember" xlink:title="Concord1119NCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Concord1119NCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Concord1119NCMember" use="optional" order="160" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Mooresville2126NCMember" xlink:label="hcp_Mooresville2126NCMember" xlink:title="Mooresville2126NCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Mooresville2126NCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Mooresville2126NCMember" use="optional" order="161" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Raleigh1254NCMember" xlink:label="hcp_Raleigh1254NCMember" xlink:title="Raleigh1254NCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Raleigh1254NCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Raleigh1254NCMember" use="optional" order="162" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Minot2127NDMember" xlink:label="hcp_Minot2127NDMember" xlink:title="Minot2127NDMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Minot2127NDMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Minot2127NDMember" use="optional" order="163" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Kearney2080NEMember" xlink:label="hcp_Kearney2080NEMember" xlink:title="Kearney2080NEMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Kearney2080NEMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Kearney2080NEMember" use="optional" order="164" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Lexington2169NEMember" xlink:label="hcp_Lexington2169NEMember" xlink:title="Lexington2169NEMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Lexington2169NEMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Lexington2169NEMember" use="optional" order="165" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_McCook2168NEMember" xlink:label="hcp_McCook2168NEMember" xlink:title="McCook2168NEMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_McCook2168NEMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_McCook2168NEMember" use="optional" order="166" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Seward2129NEMember" xlink:label="hcp_Seward2129NEMember" xlink:title="Seward2129NEMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Seward2129NEMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Seward2129NEMember" use="optional" order="167" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Wayne2119NEMember" xlink:label="hcp_Wayne2119NEMember" xlink:title="Wayne2119NEMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Wayne2119NEMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Wayne2119NEMember" use="optional" order="168" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CherryHill1599NJMember" xlink:label="hcp_CherryHill1599NJMember" xlink:title="CherryHill1599NJMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_CherryHill1599NJMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_CherryHill1599NJMember" use="optional" order="169" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Cresskill1239NJMember" xlink:label="hcp_Cresskill1239NJMember" xlink:title="Cresskill1239NJMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Cresskill1239NJMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Cresskill1239NJMember" use="optional" order="170" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Hillsborough734NJMember" xlink:label="hcp_Hillsborough734NJMember" xlink:title="Hillsborough734NJMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Hillsborough734NJMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Hillsborough734NJMember" use="optional" order="171" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Madison1242NJMember" xlink:label="hcp_Madison1242NJMember" xlink:title="Madison1242NJMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Madison1242NJMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Madison1242NJMember" use="optional" order="172" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Manahawkin733NJMember" xlink:label="hcp_Manahawkin733NJMember" xlink:title="Manahawkin733NJMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Manahawkin733NJMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Manahawkin733NJMember" use="optional" order="173" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Paramus1014NJMember" xlink:label="hcp_Paramus1014NJMember" xlink:title="Paramus1014NJMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Paramus1014NJMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Paramus1014NJMember" use="optional" order="174" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SaddleRiver1231NJMember" xlink:label="hcp_SaddleRiver1231NJMember" xlink:title="SaddleRiver1231NJMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SaddleRiver1231NJMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SaddleRiver1231NJMember" use="optional" order="175" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_VoorheesTownship245NJMember" xlink:label="hcp_VoorheesTownship245NJMember" xlink:title="VoorheesTownship245NJMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_VoorheesTownship245NJMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_VoorheesTownship245NJMember" use="optional" order="176" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Albuquerque213NMMember" xlink:label="hcp_Albuquerque213NMMember" xlink:title="Albuquerque213NMMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Albuquerque213NMMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Albuquerque213NMMember" use="optional" order="177" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Albuquerque2120NMMember" xlink:label="hcp_Albuquerque2120NMMember" xlink:title="Albuquerque2120NMMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Albuquerque2120NMMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Albuquerque2120NMMember" use="optional" order="178" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RioRancho2161NMMember" xlink:label="hcp_RioRancho2161NMMember" xlink:title="RioRancho2161NMMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RioRancho2161NMMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RioRancho2161NMMember" use="optional" order="179" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Roswell2121NMMember" xlink:label="hcp_Roswell2121NMMember" xlink:title="Roswell2121NMMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Roswell2121NMMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Roswell2121NMMember" use="optional" order="180" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Roswell2150NMMember" xlink:label="hcp_Roswell2150NMMember" xlink:title="Roswell2150NMMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Roswell2150NMMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Roswell2150NMMember" use="optional" order="181" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LasVegas796NVMember" xlink:label="hcp_LasVegas796NVMember" xlink:title="LasVegas796NVMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_LasVegas796NVMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_LasVegas796NVMember" use="optional" order="182" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LasVegas2110NVMember" xlink:label="hcp_LasVegas2110NVMember" xlink:title="LasVegas2110NVMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_LasVegas2110NVMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_LasVegas2110NVMember" use="optional" order="183" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Brooklyn1252NYMember" xlink:label="hcp_Brooklyn1252NYMember" xlink:title="Brooklyn1252NYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Brooklyn1252NYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Brooklyn1252NYMember" use="optional" order="184" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Brooklyn1256NYMember" xlink:label="hcp_Brooklyn1256NYMember" xlink:title="Brooklyn1256NYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Brooklyn1256NYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Brooklyn1256NYMember" use="optional" order="185" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CliftonPark2177NYMember" xlink:label="hcp_CliftonPark2177NYMember" xlink:title="CliftonPark2177NYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_CliftonPark2177NYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_CliftonPark2177NYMember" use="optional" order="186" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Greece2176NYMember" xlink:label="hcp_Greece2176NYMember" xlink:title="Greece2176NYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Greece2176NYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Greece2176NYMember" use="optional" order="187" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Greece2178NYMember" xlink:label="hcp_Greece2178NYMember" xlink:title="Greece2178NYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Greece2178NYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Greece2178NYMember" use="optional" order="188" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_OrchardPark2174NYMember" xlink:label="hcp_OrchardPark2174NYMember" xlink:title="OrchardPark2174NYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_OrchardPark2174NYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_OrchardPark2174NYMember" use="optional" order="189" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_OrchardPark2175NYMember" xlink:label="hcp_OrchardPark2175NYMember" xlink:title="OrchardPark2175NYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_OrchardPark2175NYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_OrchardPark2175NYMember" use="optional" order="190" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Cincinnati473OHMember" xlink:label="hcp_Cincinnati473OHMember" xlink:title="Cincinnati473OHMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Cincinnati473OHMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Cincinnati473OHMember" use="optional" order="191" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Columbus841OHMember" xlink:label="hcp_Columbus841OHMember" xlink:title="Columbus841OHMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Columbus841OHMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Columbus841OHMember" use="optional" order="192" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Fairborn857OHMember" xlink:label="hcp_Fairborn857OHMember" xlink:title="Fairborn857OHMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Fairborn857OHMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Fairborn857OHMember" use="optional" order="193" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Fairborn1147OHMember" xlink:label="hcp_Fairborn1147OHMember" xlink:title="Fairborn1147OHMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Fairborn1147OHMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Fairborn1147OHMember" use="optional" order="194" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Marietta1386OHMember" xlink:label="hcp_Marietta1386OHMember" xlink:title="Marietta1386OHMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Marietta1386OHMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Marietta1386OHMember" use="optional" order="195" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Poland1253OHMember" xlink:label="hcp_Poland1253OHMember" xlink:title="Poland1253OHMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Poland1253OHMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Poland1253OHMember" use="optional" order="196" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Willoughby1159OHMember" xlink:label="hcp_Willoughby1159OHMember" xlink:title="Willoughby1159OHMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Willoughby1159OHMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Willoughby1159OHMember" use="optional" order="197" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BrokenArrow2158OKMember" xlink:label="hcp_BrokenArrow2158OKMember" xlink:title="BrokenArrow2158OKMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_BrokenArrow2158OKMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_BrokenArrow2158OKMember" use="optional" order="198" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Muskogee2122OKMember" xlink:label="hcp_Muskogee2122OKMember" xlink:title="Muskogee2122OKMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Muskogee2122OKMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Muskogee2122OKMember" use="optional" order="199" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_OklahomaCity1171OKMember" xlink:label="hcp_OklahomaCity1171OKMember" xlink:title="OklahomaCity1171OKMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_OklahomaCity1171OKMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_OklahomaCity1171OKMember" use="optional" order="200" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_OklahomaCity2082OKMember" xlink:label="hcp_OklahomaCity2082OKMember" xlink:title="OklahomaCity2082OKMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_OklahomaCity2082OKMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_OklahomaCity2082OKMember" use="optional" order="201" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_OklahomaCity2083OKMember" xlink:label="hcp_OklahomaCity2083OKMember" xlink:title="OklahomaCity2083OKMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_OklahomaCity2083OKMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_OklahomaCity2083OKMember" use="optional" order="202" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Tahlequah2070OKMember" xlink:label="hcp_Tahlequah2070OKMember" xlink:title="Tahlequah2070OKMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Tahlequah2070OKMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Tahlequah2070OKMember" use="optional" order="203" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Tulsa1160OKMember" xlink:label="hcp_Tulsa1160OKMember" xlink:title="Tulsa1160OKMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Tulsa1160OKMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Tulsa1160OKMember" use="optional" order="204" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Ashland2130ORMember" xlink:label="hcp_Ashland2130ORMember" xlink:title="Ashland2130ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Ashland2130ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Ashland2130ORMember" use="optional" order="205" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EaglePoint2103ORMember" xlink:label="hcp_EaglePoint2103ORMember" xlink:title="EaglePoint2103ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_EaglePoint2103ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_EaglePoint2103ORMember" use="optional" order="206" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EldoradoHeights2179ORMember" xlink:label="hcp_EldoradoHeights2179ORMember" xlink:title="EldoradoHeights2179ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_EldoradoHeights2179ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_EldoradoHeights2179ORMember" use="optional" order="207" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Eugene2098ORMember" xlink:label="hcp_Eugene2098ORMember" xlink:title="Eugene2098ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Eugene2098ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Eugene2098ORMember" use="optional" order="208" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Eugene2104ORMember" xlink:label="hcp_Eugene2104ORMember" xlink:title="Eugene2104ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Eugene2104ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Eugene2104ORMember" use="optional" order="209" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_GrantsPass2136ORMember" xlink:label="hcp_GrantsPass2136ORMember" xlink:title="GrantsPass2136ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_GrantsPass2136ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_GrantsPass2136ORMember" use="optional" order="210" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_GrantsPass2137ORMember" xlink:label="hcp_GrantsPass2137ORMember" xlink:title="GrantsPass2137ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_GrantsPass2137ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_GrantsPass2137ORMember" use="optional" order="211" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_GrantsPass2138ORMember" xlink:label="hcp_GrantsPass2138ORMember" xlink:title="GrantsPass2138ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_GrantsPass2138ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_GrantsPass2138ORMember" use="optional" order="212" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_GrantsPass2145ORMember" xlink:label="hcp_GrantsPass2145ORMember" xlink:title="GrantsPass2145ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_GrantsPass2145ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_GrantsPass2145ORMember" use="optional" order="213" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Gresham2139ORMember" xlink:label="hcp_Gresham2139ORMember" xlink:title="Gresham2139ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Gresham2139ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Gresham2139ORMember" use="optional" order="214" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HermistonTerrace2182ORMember" xlink:label="hcp_HermistonTerrace2182ORMember" xlink:title="HermistonTerrace2182ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_HermistonTerrace2182ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_HermistonTerrace2182ORMember" use="optional" order="215" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Lebanon2140ORMember" xlink:label="hcp_Lebanon2140ORMember" xlink:title="Lebanon2140ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Lebanon2140ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Lebanon2140ORMember" use="optional" order="216" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_McMinnville2152ORMember" xlink:label="hcp_McMinnville2152ORMember" xlink:title="McMinnville2152ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_McMinnville2152ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_McMinnville2152ORMember" use="optional" order="217" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_McMinnville2159ORMember" xlink:label="hcp_McMinnville2159ORMember" xlink:title="McMinnville2159ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_McMinnville2159ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_McMinnville2159ORMember" use="optional" order="218" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Monmouth2090ORMember" xlink:label="hcp_Monmouth2090ORMember" xlink:title="Monmouth2090ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Monmouth2090ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Monmouth2090ORMember" use="optional" order="219" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Monmouth2106ORMember" xlink:label="hcp_Monmouth2106ORMember" xlink:title="Monmouth2106ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Monmouth2106ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Monmouth2106ORMember" use="optional" order="220" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Newberg2089ORMember" xlink:label="hcp_Newberg2089ORMember" xlink:title="Newberg2089ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Newberg2089ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Newberg2089ORMember" use="optional" order="221" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Portland2133ORMember" xlink:label="hcp_Portland2133ORMember" xlink:title="Portland2133ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Portland2133ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Portland2133ORMember" use="optional" order="222" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Portland2151ORMember" xlink:label="hcp_Portland2151ORMember" xlink:title="Portland2151ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Portland2151ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Portland2151ORMember" use="optional" order="223" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Portland2171ORMember" xlink:label="hcp_Portland2171ORMember" xlink:title="Portland2171ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Portland2171ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Portland2171ORMember" use="optional" order="224" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Redmond2050ORMember" xlink:label="hcp_Redmond2050ORMember" xlink:title="Redmond2050ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Redmond2050ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Redmond2050ORMember" use="optional" order="225" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RiverRoad2131ORMember" xlink:label="hcp_RiverRoad2131ORMember" xlink:title="RiverRoad2131ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RiverRoad2131ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RiverRoad2131ORMember" use="optional" order="226" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Roseburg2084ORMember" xlink:label="hcp_Roseburg2084ORMember" xlink:title="Roseburg2084ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Roseburg2084ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Roseburg2084ORMember" use="optional" order="227" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Scappoose2134ORMember" xlink:label="hcp_Scappoose2134ORMember" xlink:title="Scappoose2134ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Scappoose2134ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Scappoose2134ORMember" use="optional" order="228" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Scappoose2153ORMember" xlink:label="hcp_Scappoose2153ORMember" xlink:title="Scappoose2153ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Scappoose2153ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Scappoose2153ORMember" use="optional" order="229" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Springfield2051ORMember" xlink:label="hcp_Springfield2051ORMember" xlink:title="Springfield2051ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Springfield2051ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Springfield2051ORMember" use="optional" order="230" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Springfield2057ORMember" xlink:label="hcp_Springfield2057ORMember" xlink:title="Springfield2057ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Springfield2057ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Springfield2057ORMember" use="optional" order="231" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Stayton2056ORMember" xlink:label="hcp_Stayton2056ORMember" xlink:title="Stayton2056ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Stayton2056ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Stayton2056ORMember" use="optional" order="232" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Stayton2058ORMember" xlink:label="hcp_Stayton2058ORMember" xlink:title="Stayton2058ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Stayton2058ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Stayton2058ORMember" use="optional" order="233" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Tualatin2088ORMember" xlink:label="hcp_Tualatin2088ORMember" xlink:title="Tualatin2088ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Tualatin2088ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Tualatin2088ORMember" use="optional" order="234" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_WindfieldVillage2180ORMember" xlink:label="hcp_WindfieldVillage2180ORMember" xlink:title="WindfieldVillage2180ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_WindfieldVillage2180ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_WindfieldVillage2180ORMember" use="optional" order="235" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Haverford1163PAMember" xlink:label="hcp_Haverford1163PAMember" xlink:title="Haverford1163PAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Haverford1163PAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Haverford1163PAMember" use="optional" order="236" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Selinsgrove2063PAMember" xlink:label="hcp_Selinsgrove2063PAMember" xlink:title="Selinsgrove2063PAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Selinsgrove2063PAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Selinsgrove2063PAMember" use="optional" order="237" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Cumberland1967RIMember" xlink:label="hcp_Cumberland1967RIMember" xlink:title="Cumberland1967RIMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Cumberland1967RIMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Cumberland1967RIMember" use="optional" order="238" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EastProvidence1959RIMember" xlink:label="hcp_EastProvidence1959RIMember" xlink:title="EastProvidence1959RIMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_EastProvidence1959RIMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_EastProvidence1959RIMember" use="optional" order="239" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Greenwich1960RIMember" xlink:label="hcp_Greenwich1960RIMember" xlink:title="Greenwich1960RIMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Greenwich1960RIMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Greenwich1960RIMember" use="optional" order="240" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Smithfield1972RIMember" xlink:label="hcp_Smithfield1972RIMember" xlink:title="Smithfield1972RIMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Smithfield1972RIMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Smithfield1972RIMember" use="optional" order="241" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthKingstown1973RIMember" xlink:label="hcp_SouthKingstown1973RIMember" xlink:title="SouthKingstown1973RIMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthKingstown1973RIMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthKingstown1973RIMember" use="optional" order="242" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Tiverton1975RIMember" xlink:label="hcp_Tiverton1975RIMember" xlink:title="Tiverton1975RIMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Tiverton1975RIMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Tiverton1975RIMember" use="optional" order="243" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Warwick1962RIMember" xlink:label="hcp_Warwick1962RIMember" xlink:title="Warwick1962RIMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Warwick1962RIMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Warwick1962RIMember" use="optional" order="244" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Aiken1104SCMember" xlink:label="hcp_Aiken1104SCMember" xlink:title="Aiken1104SCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Aiken1104SCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Aiken1104SCMember" use="optional" order="245" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Charleston1100SCMember" xlink:label="hcp_Charleston1100SCMember" xlink:title="Charleston1100SCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Charleston1100SCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Charleston1100SCMember" use="optional" order="246" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Columbia1109SCMember" xlink:label="hcp_Columbia1109SCMember" xlink:title="Columbia1109SCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Columbia1109SCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Columbia1109SCMember" use="optional" order="247" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Florence2154SCMember" xlink:label="hcp_Florence2154SCMember" xlink:title="Florence2154SCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Florence2154SCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Florence2154SCMember" use="optional" order="248" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Georgetown306SCMember" xlink:label="hcp_Georgetown306SCMember" xlink:title="Georgetown306SCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Georgetown306SCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Georgetown306SCMember" use="optional" order="249" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Greenville879SCMember" xlink:label="hcp_Greenville879SCMember" xlink:title="Greenville879SCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Greenville879SCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Greenville879SCMember" use="optional" order="250" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Greenville1172SCMember" xlink:label="hcp_Greenville1172SCMember" xlink:title="Greenville1172SCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Greenville1172SCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Greenville1172SCMember" use="optional" order="251" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Greenville2059SCMember" xlink:label="hcp_Greenville2059SCMember" xlink:title="Greenville2059SCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Greenville2059SCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Greenville2059SCMember" use="optional" order="252" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HiltonHeadIsland2099SCMember" xlink:label="hcp_HiltonHeadIsland2099SCMember" xlink:title="HiltonHeadIsland2099SCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_HiltonHeadIsland2099SCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_HiltonHeadIsland2099SCMember" use="optional" order="253" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HiltonHeadIsland2111SCMember" xlink:label="hcp_HiltonHeadIsland2111SCMember" xlink:title="HiltonHeadIsland2111SCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_HiltonHeadIsland2111SCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_HiltonHeadIsland2111SCMember" use="optional" order="254" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HiltonHeadIsland2112SCMember" xlink:label="hcp_HiltonHeadIsland2112SCMember" xlink:title="HiltonHeadIsland2112SCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_HiltonHeadIsland2112SCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_HiltonHeadIsland2112SCMember" use="optional" order="255" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Lancaster305SCMember" xlink:label="hcp_Lancaster305SCMember" xlink:title="Lancaster305SCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Lancaster305SCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Lancaster305SCMember" use="optional" order="256" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MyrtleBeach880SCMember" xlink:label="hcp_MyrtleBeach880SCMember" xlink:title="MyrtleBeach880SCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_MyrtleBeach880SCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_MyrtleBeach880SCMember" use="optional" order="257" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RockHill312SCMember" xlink:label="hcp_RockHill312SCMember" xlink:title="RockHill312SCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RockHill312SCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RockHill312SCMember" use="optional" order="258" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RockHill1113SCMember" xlink:label="hcp_RockHill1113SCMember" xlink:title="RockHill1113SCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RockHill1113SCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RockHill1113SCMember" use="optional" order="259" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RockHill2076SCMember" xlink:label="hcp_RockHill2076SCMember" xlink:title="RockHill2076SCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RockHill2076SCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RockHill2076SCMember" use="optional" order="260" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RockHill2093SCMember" xlink:label="hcp_RockHill2093SCMember" xlink:title="RockHill2093SCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RockHill2093SCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RockHill2093SCMember" use="optional" order="261" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Sumter313SCMember" xlink:label="hcp_Sumter313SCMember" xlink:title="Sumter313SCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Sumter313SCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Sumter313SCMember" use="optional" order="262" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_WestColumbia2067SCMember" xlink:label="hcp_WestColumbia2067SCMember" xlink:title="WestColumbia2067SCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_WestColumbia2067SCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_WestColumbia2067SCMember" use="optional" order="263" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Cordova2132TNMember" xlink:label="hcp_Cordova2132TNMember" xlink:title="Cordova2132TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Cordova2132TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Cordova2132TNMember" use="optional" order="264" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Franklin2060TNMember" xlink:label="hcp_Franklin2060TNMember" xlink:title="Franklin2060TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Franklin2060TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Franklin2060TNMember" use="optional" order="265" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Hendersonville2100TNMember" xlink:label="hcp_Hendersonville2100TNMember" xlink:title="Hendersonville2100TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Hendersonville2100TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Hendersonville2100TNMember" use="optional" order="266" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Kingsport2073TNMember" xlink:label="hcp_Kingsport2073TNMember" xlink:title="Kingsport2073TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Kingsport2073TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Kingsport2073TNMember" use="optional" order="267" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Memphis2071TNMember" xlink:label="hcp_Memphis2071TNMember" xlink:title="Memphis2071TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Memphis2071TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Memphis2071TNMember" use="optional" order="268" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Nashville1003TNMember" xlink:label="hcp_Nashville1003TNMember" xlink:title="Nashville1003TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Nashville1003TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Nashville1003TNMember" use="optional" order="269" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Nashville2094TNMember" xlink:label="hcp_Nashville2094TNMember" xlink:title="Nashville2094TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Nashville2094TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Nashville2094TNMember" use="optional" order="270" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_OakRidge860TNMember" xlink:label="hcp_OakRidge860TNMember" xlink:title="OakRidge860TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_OakRidge860TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_OakRidge860TNMember" use="optional" order="271" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Abilene843TXMember" xlink:label="hcp_Abilene843TXMember" xlink:title="Abilene843TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Abilene843TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Abilene843TXMember" use="optional" order="272" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Amarillo2107TXMember" xlink:label="hcp_Amarillo2107TXMember" xlink:title="Amarillo2107TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Amarillo2107TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Amarillo2107TXMember" use="optional" order="273" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Arlington1004TXMember" xlink:label="hcp_Arlington1004TXMember" xlink:title="Arlington1004TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Arlington1004TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Arlington1004TXMember" use="optional" order="274" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Arlington1116TXMember" xlink:label="hcp_Arlington1116TXMember" xlink:title="Arlington1116TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Arlington1116TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Arlington1116TXMember" use="optional" order="275" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Austin511TXMember" xlink:label="hcp_Austin511TXMember" xlink:title="Austin511TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Austin511TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Austin511TXMember" use="optional" order="276" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Austin1589TXMember" xlink:label="hcp_Austin1589TXMember" xlink:title="Austin1589TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Austin1589TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Austin1589TXMember" use="optional" order="277" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Beaumont202TXMember" xlink:label="hcp_Beaumont202TXMember" xlink:title="Beaumont202TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Beaumont202TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Beaumont202TXMember" use="optional" order="278" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Bedford2075TXMember" xlink:label="hcp_Bedford2075TXMember" xlink:title="Bedford2075TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Bedford2075TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Bedford2075TXMember" use="optional" order="279" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Burleson844TXMember" xlink:label="hcp_Burleson844TXMember" xlink:title="Burleson844TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Burleson844TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Burleson844TXMember" use="optional" order="280" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CedarHill848TXMember" xlink:label="hcp_CedarHill848TXMember" xlink:title="CedarHill848TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_CedarHill848TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_CedarHill848TXMember" use="optional" order="281" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CedarHill1325TXMember" xlink:label="hcp_CedarHill1325TXMember" xlink:title="CedarHill1325TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_CedarHill1325TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_CedarHill1325TXMember" use="optional" order="282" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Dallas2164TXMember" xlink:label="hcp_Dallas2164TXMember" xlink:title="Dallas2164TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Dallas2164TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Dallas2164TXMember" use="optional" order="283" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FortWorth513TXMember" xlink:label="hcp_FortWorth513TXMember" xlink:title="FortWorth513TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_FortWorth513TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_FortWorth513TXMember" use="optional" order="284" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Friendswood506TXMember" xlink:label="hcp_Friendswood506TXMember" xlink:title="Friendswood506TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Friendswood506TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Friendswood506TXMember" use="optional" order="285" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Houston217TXMember" xlink:label="hcp_Houston217TXMember" xlink:title="Houston217TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Houston217TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Houston217TXMember" use="optional" order="286" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Houston491TXMember" xlink:label="hcp_Houston491TXMember" xlink:title="Houston491TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Houston491TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Houston491TXMember" use="optional" order="287" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Houston1106TXMember" xlink:label="hcp_Houston1106TXMember" xlink:title="Houston1106TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Houston1106TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Houston1106TXMember" use="optional" order="288" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Houston1111TXMember" xlink:label="hcp_Houston1111TXMember" xlink:title="Houston1111TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Houston1111TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Houston1111TXMember" use="optional" order="289" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Houston1955TXMember" xlink:label="hcp_Houston1955TXMember" xlink:title="Houston1955TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Houston1955TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Houston1955TXMember" use="optional" order="290" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Houston1957TXMember" xlink:label="hcp_Houston1957TXMember" xlink:title="Houston1957TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Houston1957TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Houston1957TXMember" use="optional" order="291" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Houston1958TXMember" xlink:label="hcp_Houston1958TXMember" xlink:title="Houston1958TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Houston1958TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Houston1958TXMember" use="optional" order="292" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Houston2068TXMember" xlink:label="hcp_Houston2068TXMember" xlink:title="Houston2068TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Houston2068TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Houston2068TXMember" use="optional" order="293" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Irving820TXMember" xlink:label="hcp_Irving820TXMember" xlink:title="Irving820TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Irving820TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Irving820TXMember" use="optional" order="294" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Kerrville2149TXMember" xlink:label="hcp_Kerrville2149TXMember" xlink:title="Kerrville2149TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Kerrville2149TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Kerrville2149TXMember" use="optional" order="295" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Lubbock2124TXMember" xlink:label="hcp_Lubbock2124TXMember" xlink:title="Lubbock2124TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Lubbock2124TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Lubbock2124TXMember" use="optional" order="296" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NorthRichlandHills845TXMember" xlink:label="hcp_NorthRichlandHills845TXMember" xlink:title="NorthRichlandHills845TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_NorthRichlandHills845TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_NorthRichlandHills845TXMember" use="optional" order="297" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NorthRichlandHills846TXMember" xlink:label="hcp_NorthRichlandHills846TXMember" xlink:title="NorthRichlandHills846TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_NorthRichlandHills846TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_NorthRichlandHills846TXMember" use="optional" order="298" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NorthRichlandHills2113TXMember" xlink:label="hcp_NorthRichlandHills2113TXMember" xlink:title="NorthRichlandHills2113TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_NorthRichlandHills2113TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_NorthRichlandHills2113TXMember" use="optional" order="299" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Plano1102TXMember" xlink:label="hcp_Plano1102TXMember" xlink:title="Plano1102TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Plano1102TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Plano1102TXMember" use="optional" order="300" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Plano2064TXMember" xlink:label="hcp_Plano2064TXMember" xlink:title="Plano2064TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Plano2064TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Plano2064TXMember" use="optional" order="301" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Portland2162TXMember" xlink:label="hcp_Portland2162TXMember" xlink:title="Portland2162TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Portland2162TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Portland2162TXMember" use="optional" order="302" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanAntonio494TXMember" xlink:label="hcp_SanAntonio494TXMember" xlink:title="SanAntonio494TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanAntonio494TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanAntonio494TXMember" use="optional" order="303" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanAntonio1590TXMember" xlink:label="hcp_SanAntonio1590TXMember" xlink:title="SanAntonio1590TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanAntonio1590TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanAntonio1590TXMember" use="optional" order="304" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Sherman2116TXMember" xlink:label="hcp_Sherman2116TXMember" xlink:title="Sherman2116TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Sherman2116TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Sherman2116TXMember" use="optional" order="305" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SugarLand1954TXMember" xlink:label="hcp_SugarLand1954TXMember" xlink:title="SugarLand1954TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SugarLand1954TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SugarLand1954TXMember" use="optional" order="306" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_TheWoodlands1103TXMember" xlink:label="hcp_TheWoodlands1103TXMember" xlink:title="TheWoodlands1103TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_TheWoodlands1103TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_TheWoodlands1103TXMember" use="optional" order="307" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Victoria195TXMember" xlink:label="hcp_Victoria195TXMember" xlink:title="Victoria195TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Victoria195TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Victoria195TXMember" use="optional" order="308" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Waxahachie847TXMember" xlink:label="hcp_Waxahachie847TXMember" xlink:title="Waxahachie847TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Waxahachie847TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Waxahachie847TXMember" use="optional" order="309" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Webster1953TXMember" xlink:label="hcp_Webster1953TXMember" xlink:title="Webster1953TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Webster1953TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Webster1953TXMember" use="optional" order="310" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CedarCity2069UTMember" xlink:label="hcp_CedarCity2069UTMember" xlink:title="CedarCity2069UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_CedarCity2069UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_CedarCity2069UTMember" use="optional" order="311" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SaltLakeCity1161UTMember" xlink:label="hcp_SaltLakeCity1161UTMember" xlink:title="SaltLakeCity1161UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SaltLakeCity1161UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SaltLakeCity1161UTMember" use="optional" order="312" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_St.George2101UTMember" xlink:label="hcp_St.George2101UTMember" xlink:title="St.George2101UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_St.George2101UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_St.George2101UTMember" use="optional" order="313" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Arlington1015VAMember" xlink:label="hcp_Arlington1015VAMember" xlink:title="Arlington1015VAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Arlington1015VAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Arlington1015VAMember" use="optional" order="314" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Arlington1244VAMember" xlink:label="hcp_Arlington1244VAMember" xlink:title="Arlington1244VAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Arlington1244VAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Arlington1244VAMember" use="optional" order="315" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Arlington1245VAMember" xlink:label="hcp_Arlington1245VAMember" xlink:title="Arlington1245VAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Arlington1245VAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Arlington1245VAMember" use="optional" order="316" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Chesapeake881VAMember" xlink:label="hcp_Chesapeake881VAMember" xlink:title="Chesapeake881VAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Chesapeake881VAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Chesapeake881VAMember" use="optional" order="317" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FallsChurch1247VAMember" xlink:label="hcp_FallsChurch1247VAMember" xlink:title="FallsChurch1247VAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_FallsChurch1247VAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_FallsChurch1247VAMember" use="optional" order="318" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FortBelvoir1164VAMember" xlink:label="hcp_FortBelvoir1164VAMember" xlink:title="FortBelvoir1164VAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_FortBelvoir1164VAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_FortBelvoir1164VAMember" use="optional" order="319" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Leesburg1250VAMember" xlink:label="hcp_Leesburg1250VAMember" xlink:title="Leesburg1250VAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Leesburg1250VAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Leesburg1250VAMember" use="optional" order="320" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Richmond1016VAMember" xlink:label="hcp_Richmond1016VAMember" xlink:title="Richmond1016VAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Richmond1016VAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Richmond1016VAMember" use="optional" order="321" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Sterling1246VAMember" xlink:label="hcp_Sterling1246VAMember" xlink:title="Sterling1246VAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Sterling1246VAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Sterling1246VAMember" use="optional" order="322" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Sterling2077VAMember" xlink:label="hcp_Sterling2077VAMember" xlink:title="Sterling2077VAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Sterling2077VAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Sterling2077VAMember" use="optional" order="323" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Woodbridge225VAMember" xlink:label="hcp_Woodbridge225VAMember" xlink:title="Woodbridge225VAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Woodbridge225VAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Woodbridge225VAMember" use="optional" order="324" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Bellevue1173WAMember" xlink:label="hcp_Bellevue1173WAMember" xlink:title="Bellevue1173WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Bellevue1173WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Bellevue1173WAMember" use="optional" order="325" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CollegePlace2095WAMember" xlink:label="hcp_CollegePlace2095WAMember" xlink:title="CollegePlace2095WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_CollegePlace2095WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_CollegePlace2095WAMember" use="optional" order="326" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Edmonds1240WAMember" xlink:label="hcp_Edmonds1240WAMember" xlink:title="Edmonds1240WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Edmonds1240WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Edmonds1240WAMember" use="optional" order="327" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Ellensburg2172WAMember" xlink:label="hcp_Ellensburg2172WAMember" xlink:title="Ellensburg2172WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Ellensburg2172WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Ellensburg2172WAMember" use="optional" order="328" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Kenmore2160WAMember" xlink:label="hcp_Kenmore2160WAMember" xlink:title="Kenmore2160WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Kenmore2160WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Kenmore2160WAMember" use="optional" order="329" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Kirkland797WAMember" xlink:label="hcp_Kirkland797WAMember" xlink:title="Kirkland797WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Kirkland797WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Kirkland797WAMember" use="optional" order="330" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Lynnwood1174WAMember" xlink:label="hcp_Lynnwood1174WAMember" xlink:title="Lynnwood1174WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Lynnwood1174WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Lynnwood1174WAMember" use="optional" order="331" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MercerIsland1251WAMember" xlink:label="hcp_MercerIsland1251WAMember" xlink:title="MercerIsland1251WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_MercerIsland1251WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_MercerIsland1251WAMember" use="optional" order="332" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MosesLake2141WAMember" xlink:label="hcp_MosesLake2141WAMember" xlink:title="MosesLake2141WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_MosesLake2141WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_MosesLake2141WAMember" use="optional" order="333" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Poulsbo2096WAMember" xlink:label="hcp_Poulsbo2096WAMember" xlink:title="Poulsbo2096WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Poulsbo2096WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Poulsbo2096WAMember" use="optional" order="334" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Richland2102WAMember" xlink:label="hcp_Richland2102WAMember" xlink:title="Richland2102WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Richland2102WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Richland2102WAMember" use="optional" order="335" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Shoreline794WAMember" xlink:label="hcp_Shoreline794WAMember" xlink:title="Shoreline794WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Shoreline794WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Shoreline794WAMember" use="optional" order="336" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Shoreline795WAMember" xlink:label="hcp_Shoreline795WAMember" xlink:title="Shoreline795WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Shoreline795WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Shoreline795WAMember" use="optional" order="337" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Snohomish1175WAMember" xlink:label="hcp_Snohomish1175WAMember" xlink:title="Snohomish1175WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Snohomish1175WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Snohomish1175WAMember" use="optional" order="338" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Spokane2097WAMember" xlink:label="hcp_Spokane2097WAMember" xlink:title="Spokane2097WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Spokane2097WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Spokane2097WAMember" use="optional" order="339" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Vancouver2061WAMember" xlink:label="hcp_Vancouver2061WAMember" xlink:title="Vancouver2061WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Vancouver2061WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Vancouver2061WAMember" use="optional" order="340" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Vancouver2062WAMember" xlink:label="hcp_Vancouver2062WAMember" xlink:title="Vancouver2062WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Vancouver2062WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Vancouver2062WAMember" use="optional" order="341" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Yakima2052WAMember" xlink:label="hcp_Yakima2052WAMember" xlink:title="Yakima2052WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Yakima2052WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Yakima2052WAMember" use="optional" order="342" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Yakima2078WAMember" xlink:label="hcp_Yakima2078WAMember" xlink:title="Yakima2078WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Yakima2078WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Yakima2078WAMember" use="optional" order="343" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Yakima2114WAMember" xlink:label="hcp_Yakima2114WAMember" xlink:title="Yakima2114WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Yakima2114WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Yakima2114WAMember" use="optional" order="344" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Appleton2072WIMember" xlink:label="hcp_Appleton2072WIMember" xlink:title="Appleton2072WIMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Appleton2072WIMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Appleton2072WIMember" use="optional" order="345" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Madison2170WIMember" xlink:label="hcp_Madison2170WIMember" xlink:title="Madison2170WIMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Madison2170WIMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Madison2170WIMember" use="optional" order="346" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Oakridge2173WIMember" xlink:label="hcp_Oakridge2173WIMember" xlink:title="Oakridge2173WIMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Oakridge2173WIMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Oakridge2173WIMember" use="optional" order="347" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Bridgeport2117WVMember" xlink:label="hcp_Bridgeport2117WVMember" xlink:title="Bridgeport2117WVMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Bridgeport2117WVMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Bridgeport2117WVMember" use="optional" order="348" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Bridgeport2125WVMember" xlink:label="hcp_Bridgeport2125WVMember" xlink:title="Bridgeport2125WVMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Bridgeport2125WVMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Bridgeport2125WVMember" use="optional" order="349" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Cody2142WYMember" xlink:label="hcp_Cody2142WYMember" xlink:title="Cody2142WYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Cody2142WYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Cody2142WYMember" use="optional" order="350" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Sheridan2148WYMember" xlink:label="hcp_Sheridan2148WYMember" xlink:title="Sheridan2148WYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Sheridan2148WYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Sheridan2148WYMember" use="optional" order="351" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FortCollins2COMember" xlink:label="hcp_FortCollins2COMember" xlink:title="FortCollins2COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_FortCollins2COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_FortCollins2COMember" use="optional" order="352" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Morrison18COMember" xlink:label="hcp_Morrison18COMember" xlink:title="Morrison18COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Morrison18COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Morrison18COMember" use="optional" order="353" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Statesboro280GAMember" xlink:label="hcp_Statesboro280GAMember" xlink:title="Statesboro280GAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Statesboro280GAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Statesboro280GAMember" use="optional" order="354" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Rexburg297IDMember" xlink:label="hcp_Rexburg297IDMember" xlink:title="Rexburg297IDMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Rexburg297IDMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Rexburg297IDMember" use="optional" order="355" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Anderson378INMember" xlink:label="hcp_Anderson378INMember" xlink:title="Anderson378INMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Anderson378INMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Anderson378INMember" use="optional" order="356" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Anderson2189INMember" xlink:label="hcp_Anderson2189INMember" xlink:title="Anderson2189INMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Anderson2189INMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Anderson2189INMember" use="optional" order="357" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Angola384INMember" xlink:label="hcp_Angola384INMember" xlink:title="Angola384INMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Angola384INMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Angola384INMember" use="optional" order="358" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FortWayne385INMember" xlink:label="hcp_FortWayne385INMember" xlink:title="FortWayne385INMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_FortWayne385INMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_FortWayne385INMember" use="optional" order="359" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FortWayne386INMember" xlink:label="hcp_FortWayne386INMember" xlink:title="FortWayne386INMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_FortWayne386INMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_FortWayne386INMember" use="optional" order="360" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Huntington387INMember" xlink:label="hcp_Huntington387INMember" xlink:title="Huntington387INMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Huntington387INMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Huntington387INMember" use="optional" order="361" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Kokomo373INMember" xlink:label="hcp_Kokomo373INMember" xlink:title="Kokomo373INMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Kokomo373INMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Kokomo373INMember" use="optional" order="362" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NewAlbany454INMember" xlink:label="hcp_NewAlbany454INMember" xlink:title="NewAlbany454INMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_NewAlbany454INMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_NewAlbany454INMember" use="optional" order="363" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_TellCity484INMember" xlink:label="hcp_TellCity484INMember" xlink:title="TellCity484INMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_TellCity484INMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_TellCity484INMember" use="optional" order="364" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Cynthiana688KYMember" xlink:label="hcp_Cynthiana688KYMember" xlink:title="Cynthiana688KYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Cynthiana688KYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Cynthiana688KYMember" use="optional" order="365" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Franklin298LAMember" xlink:label="hcp_Franklin298LAMember" xlink:title="Franklin298LAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Franklin298LAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Franklin298LAMember" use="optional" order="366" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MorganCity299LAMember" xlink:label="hcp_MorganCity299LAMember" xlink:title="MorganCity299LAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_MorganCity299LAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_MorganCity299LAMember" use="optional" order="367" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LasVegas388NVMember" xlink:label="hcp_LasVegas388NVMember" xlink:title="LasVegas388NVMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_LasVegas388NVMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_LasVegas388NVMember" use="optional" order="368" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LasVegas389NVMember" xlink:label="hcp_LasVegas389NVMember" xlink:title="LasVegas389NVMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_LasVegas389NVMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_LasVegas389NVMember" use="optional" order="369" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Fairborn390OHMember" xlink:label="hcp_Fairborn390OHMember" xlink:title="Fairborn390OHMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Fairborn390OHMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Fairborn390OHMember" use="optional" order="370" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Georgetown391OHMember" xlink:label="hcp_Georgetown391OHMember" xlink:title="Georgetown391OHMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Georgetown391OHMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Georgetown391OHMember" use="optional" order="371" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PortClinton392OHMember" xlink:label="hcp_PortClinton392OHMember" xlink:title="PortClinton392OHMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_PortClinton392OHMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_PortClinton392OHMember" use="optional" order="372" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Springfield393OHMember" xlink:label="hcp_Springfield393OHMember" xlink:title="Springfield393OHMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Springfield393OHMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Springfield393OHMember" use="optional" order="373" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Toledo394OHMember" xlink:label="hcp_Toledo394OHMember" xlink:title="Toledo394OHMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Toledo394OHMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Toledo394OHMember" use="optional" order="374" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Versailles395OHMember" xlink:label="hcp_Versailles395OHMember" xlink:title="Versailles395OHMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Versailles395OHMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Versailles395OHMember" use="optional" order="375" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FortWorth285TXMember" xlink:label="hcp_FortWorth285TXMember" xlink:title="FortWorth285TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_FortWorth285TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_FortWorth285TXMember" use="optional" order="376" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Ogden296UTMember" xlink:label="hcp_Ogden296UTMember" xlink:title="Ogden296UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Ogden296UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Ogden296UTMember" use="optional" order="377" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Fishersville681VAMember" xlink:label="hcp_Fishersville681VAMember" xlink:title="Fishersville681VAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Fishersville681VAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Fishersville681VAMember" use="optional" order="378" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Floyd682VAMember" xlink:label="hcp_Floyd682VAMember" xlink:title="Floyd682VAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Floyd682VAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Floyd682VAMember" use="optional" order="379" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Independence689VAMember" xlink:label="hcp_Independence689VAMember" xlink:title="Independence689VAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Independence689VAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Independence689VAMember" use="optional" order="380" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NewportNews683VAMember" xlink:label="hcp_NewportNews683VAMember" xlink:title="NewportNews683VAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_NewportNews683VAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_NewportNews683VAMember" use="optional" order="381" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Roanoke684VAMember" xlink:label="hcp_Roanoke684VAMember" xlink:title="Roanoke684VAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Roanoke684VAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Roanoke684VAMember" use="optional" order="382" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Staunton685VAMember" xlink:label="hcp_Staunton685VAMember" xlink:title="Staunton685VAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Staunton685VAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Staunton685VAMember" use="optional" order="383" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Williamsburg686VAMember" xlink:label="hcp_Williamsburg686VAMember" xlink:title="Williamsburg686VAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Williamsburg686VAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Williamsburg686VAMember" use="optional" order="384" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Windsor690VAMember" xlink:label="hcp_Windsor690VAMember" xlink:title="Windsor690VAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Windsor690VAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Windsor690VAMember" use="optional" order="385" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Woodstock687VAMember" xlink:label="hcp_Woodstock687VAMember" xlink:title="Woodstock687VAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Woodstock687VAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Woodstock687VAMember" use="optional" order="386" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Brisbane1482CAMember" xlink:label="hcp_Brisbane1482CAMember" xlink:title="Brisbane1482CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Brisbane1482CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Brisbane1482CAMember" use="optional" order="387" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Carlsbad1481CAMember" xlink:label="hcp_Carlsbad1481CAMember" xlink:title="Carlsbad1481CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Carlsbad1481CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Carlsbad1481CAMember" use="optional" order="388" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Carlsbad1522CAMember" xlink:label="hcp_Carlsbad1522CAMember" xlink:title="Carlsbad1522CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Carlsbad1522CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Carlsbad1522CAMember" use="optional" order="389" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Hayward1401CAMember" xlink:label="hcp_Hayward1401CAMember" xlink:title="Hayward1401CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Hayward1401CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Hayward1401CAMember" use="optional" order="390" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Hayward1402CAMember" xlink:label="hcp_Hayward1402CAMember" xlink:title="Hayward1402CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Hayward1402CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Hayward1402CAMember" use="optional" order="391" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Hayward1403CAMember" xlink:label="hcp_Hayward1403CAMember" xlink:title="Hayward1403CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Hayward1403CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Hayward1403CAMember" use="optional" order="392" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Hayward1404CAMember" xlink:label="hcp_Hayward1404CAMember" xlink:title="Hayward1404CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Hayward1404CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Hayward1404CAMember" use="optional" order="393" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Hayward1405CAMember" xlink:label="hcp_Hayward1405CAMember" xlink:title="Hayward1405CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Hayward1405CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Hayward1405CAMember" use="optional" order="394" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Hayward1549CAMember" xlink:label="hcp_Hayward1549CAMember" xlink:title="Hayward1549CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Hayward1549CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Hayward1549CAMember" use="optional" order="395" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Hayward1550CAMember" xlink:label="hcp_Hayward1550CAMember" xlink:title="Hayward1550CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Hayward1550CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Hayward1550CAMember" use="optional" order="396" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Hayward1551CAMember" xlink:label="hcp_Hayward1551CAMember" xlink:title="Hayward1551CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Hayward1551CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Hayward1551CAMember" use="optional" order="397" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Hayward1552CAMember" xlink:label="hcp_Hayward1552CAMember" xlink:title="Hayward1552CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Hayward1552CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Hayward1552CAMember" use="optional" order="398" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Hayward1553CAMember" xlink:label="hcp_Hayward1553CAMember" xlink:title="Hayward1553CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Hayward1553CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Hayward1553CAMember" use="optional" order="399" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Hayward1554CAMember" xlink:label="hcp_Hayward1554CAMember" xlink:title="Hayward1554CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Hayward1554CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Hayward1554CAMember" use="optional" order="400" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Hayward1555CAMember" xlink:label="hcp_Hayward1555CAMember" xlink:title="Hayward1555CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Hayward1555CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Hayward1555CAMember" use="optional" order="401" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Hayward1556CAMember" xlink:label="hcp_Hayward1556CAMember" xlink:title="Hayward1556CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Hayward1556CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Hayward1556CAMember" use="optional" order="402" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LaJolla1424CAMember" xlink:label="hcp_LaJolla1424CAMember" xlink:title="LaJolla1424CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_LaJolla1424CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_LaJolla1424CAMember" use="optional" order="403" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LaJolla1425CAMember" xlink:label="hcp_LaJolla1425CAMember" xlink:title="LaJolla1425CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_LaJolla1425CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_LaJolla1425CAMember" use="optional" order="404" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LaJolla1426CAMember" xlink:label="hcp_LaJolla1426CAMember" xlink:title="LaJolla1426CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_LaJolla1426CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_LaJolla1426CAMember" use="optional" order="405" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LaJolla1427CAMember" xlink:label="hcp_LaJolla1427CAMember" xlink:title="LaJolla1427CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_LaJolla1427CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_LaJolla1427CAMember" use="optional" order="406" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LaJolla1947CAMember" xlink:label="hcp_LaJolla1947CAMember" xlink:title="LaJolla1947CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_LaJolla1947CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_LaJolla1947CAMember" use="optional" order="407" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LaJolla1949CAMember" xlink:label="hcp_LaJolla1949CAMember" xlink:title="LaJolla1949CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_LaJolla1949CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_LaJolla1949CAMember" use="optional" order="408" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MountainView1488CAMember" xlink:label="hcp_MountainView1488CAMember" xlink:title="MountainView1488CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_MountainView1488CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_MountainView1488CAMember" use="optional" order="409" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MountainView1489CAMember" xlink:label="hcp_MountainView1489CAMember" xlink:title="MountainView1489CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_MountainView1489CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_MountainView1489CAMember" use="optional" order="410" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MountainView1490CAMember" xlink:label="hcp_MountainView1490CAMember" xlink:title="MountainView1490CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_MountainView1490CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_MountainView1490CAMember" use="optional" order="411" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MountainView1491CAMember" xlink:label="hcp_MountainView1491CAMember" xlink:title="MountainView1491CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_MountainView1491CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_MountainView1491CAMember" use="optional" order="412" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MountainView1492CAMember" xlink:label="hcp_MountainView1492CAMember" xlink:title="MountainView1492CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_MountainView1492CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_MountainView1492CAMember" use="optional" order="413" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MountainView1493CAMember" xlink:label="hcp_MountainView1493CAMember" xlink:title="MountainView1493CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_MountainView1493CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_MountainView1493CAMember" use="optional" order="414" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MountainView1494CAMember" xlink:label="hcp_MountainView1494CAMember" xlink:title="MountainView1494CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_MountainView1494CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_MountainView1494CAMember" use="optional" order="415" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MountainView1495CAMember" xlink:label="hcp_MountainView1495CAMember" xlink:title="MountainView1495CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_MountainView1495CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_MountainView1495CAMember" use="optional" order="416" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MountainView1496CAMember" xlink:label="hcp_MountainView1496CAMember" xlink:title="MountainView1496CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_MountainView1496CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_MountainView1496CAMember" use="optional" order="417" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MountainView1497CAMember" xlink:label="hcp_MountainView1497CAMember" xlink:title="MountainView1497CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_MountainView1497CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_MountainView1497CAMember" use="optional" order="418" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MountainView1498CAMember" xlink:label="hcp_MountainView1498CAMember" xlink:title="MountainView1498CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_MountainView1498CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_MountainView1498CAMember" use="optional" order="419" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MountainView2017CAMember" xlink:label="hcp_MountainView2017CAMember" xlink:title="MountainView2017CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_MountainView2017CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_MountainView2017CAMember" use="optional" order="420" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Poway1470CAMember" xlink:label="hcp_Poway1470CAMember" xlink:title="Poway1470CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Poway1470CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Poway1470CAMember" use="optional" order="421" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Poway1471CAMember" xlink:label="hcp_Poway1471CAMember" xlink:title="Poway1471CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Poway1471CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Poway1471CAMember" use="optional" order="422" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Poway1472CAMember" xlink:label="hcp_Poway1472CAMember" xlink:title="Poway1472CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Poway1472CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Poway1472CAMember" use="optional" order="423" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Poway1473CAMember" xlink:label="hcp_Poway1473CAMember" xlink:title="Poway1473CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Poway1473CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Poway1473CAMember" use="optional" order="424" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Poway1477CAMember" xlink:label="hcp_Poway1477CAMember" xlink:title="Poway1477CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Poway1477CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Poway1477CAMember" use="optional" order="425" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Poway1478CAMember" xlink:label="hcp_Poway1478CAMember" xlink:title="Poway1478CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Poway1478CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Poway1478CAMember" use="optional" order="426" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RedwoodCity1499CAMember" xlink:label="hcp_RedwoodCity1499CAMember" xlink:title="RedwoodCity1499CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RedwoodCity1499CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RedwoodCity1499CAMember" use="optional" order="427" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RedwoodCity1500CAMember" xlink:label="hcp_RedwoodCity1500CAMember" xlink:title="RedwoodCity1500CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RedwoodCity1500CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RedwoodCity1500CAMember" use="optional" order="428" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RedwoodCity1501CAMember" xlink:label="hcp_RedwoodCity1501CAMember" xlink:title="RedwoodCity1501CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RedwoodCity1501CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RedwoodCity1501CAMember" use="optional" order="429" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RedwoodCity1502CAMember" xlink:label="hcp_RedwoodCity1502CAMember" xlink:title="RedwoodCity1502CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RedwoodCity1502CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RedwoodCity1502CAMember" use="optional" order="430" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RedwoodCity1503CAMember" xlink:label="hcp_RedwoodCity1503CAMember" xlink:title="RedwoodCity1503CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RedwoodCity1503CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RedwoodCity1503CAMember" use="optional" order="431" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RedwoodCity1504CAMember" xlink:label="hcp_RedwoodCity1504CAMember" xlink:title="RedwoodCity1504CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RedwoodCity1504CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RedwoodCity1504CAMember" use="optional" order="432" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RedwoodCity1505CAMember" xlink:label="hcp_RedwoodCity1505CAMember" xlink:title="RedwoodCity1505CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RedwoodCity1505CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RedwoodCity1505CAMember" use="optional" order="433" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RedwoodCity1506CAMember" xlink:label="hcp_RedwoodCity1506CAMember" xlink:title="RedwoodCity1506CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RedwoodCity1506CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RedwoodCity1506CAMember" use="optional" order="434" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RedwoodCity1507CAMember" xlink:label="hcp_RedwoodCity1507CAMember" xlink:title="RedwoodCity1507CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RedwoodCity1507CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RedwoodCity1507CAMember" use="optional" order="435" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RedwoodCity1508CAMember" xlink:label="hcp_RedwoodCity1508CAMember" xlink:title="RedwoodCity1508CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RedwoodCity1508CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RedwoodCity1508CAMember" use="optional" order="436" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RedwoodCity1509CAMember" xlink:label="hcp_RedwoodCity1509CAMember" xlink:title="RedwoodCity1509CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RedwoodCity1509CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RedwoodCity1509CAMember" use="optional" order="437" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RedwoodCity1510CAMember" xlink:label="hcp_RedwoodCity1510CAMember" xlink:title="RedwoodCity1510CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RedwoodCity1510CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RedwoodCity1510CAMember" use="optional" order="438" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RedwoodCity1511CAMember" xlink:label="hcp_RedwoodCity1511CAMember" xlink:title="RedwoodCity1511CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RedwoodCity1511CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RedwoodCity1511CAMember" use="optional" order="439" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RedwoodCity1512CAMember" xlink:label="hcp_RedwoodCity1512CAMember" xlink:title="RedwoodCity1512CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RedwoodCity1512CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RedwoodCity1512CAMember" use="optional" order="440" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RedwoodCity1513CAMember" xlink:label="hcp_RedwoodCity1513CAMember" xlink:title="RedwoodCity1513CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_RedwoodCity1513CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_RedwoodCity1513CAMember" use="optional" order="441" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanDiego679CAMember" xlink:label="hcp_SanDiego679CAMember" xlink:title="SanDiego679CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanDiego679CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanDiego679CAMember" use="optional" order="442" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanDiego837CAMember" xlink:label="hcp_SanDiego837CAMember" xlink:title="SanDiego837CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanDiego837CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanDiego837CAMember" use="optional" order="443" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanDiego838CAMember" xlink:label="hcp_SanDiego838CAMember" xlink:title="SanDiego838CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanDiego838CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanDiego838CAMember" use="optional" order="444" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanDiego839CAMember" xlink:label="hcp_SanDiego839CAMember" xlink:title="SanDiego839CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanDiego839CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanDiego839CAMember" use="optional" order="445" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanDiego840CAMember" xlink:label="hcp_SanDiego840CAMember" xlink:title="SanDiego840CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanDiego840CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanDiego840CAMember" use="optional" order="446" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanDiego1418CAMember" xlink:label="hcp_SanDiego1418CAMember" xlink:title="SanDiego1418CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanDiego1418CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanDiego1418CAMember" use="optional" order="447" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanDiego1420CAMember" xlink:label="hcp_SanDiego1420CAMember" xlink:title="SanDiego1420CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanDiego1420CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanDiego1420CAMember" use="optional" order="448" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanDiego1421CAMember" xlink:label="hcp_SanDiego1421CAMember" xlink:title="SanDiego1421CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanDiego1421CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanDiego1421CAMember" use="optional" order="449" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanDiego1422CAMember" xlink:label="hcp_SanDiego1422CAMember" xlink:title="SanDiego1422CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanDiego1422CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanDiego1422CAMember" use="optional" order="450" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanDiego1423CAMember" xlink:label="hcp_SanDiego1423CAMember" xlink:title="SanDiego1423CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanDiego1423CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanDiego1423CAMember" use="optional" order="451" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanDiego1514CAMember" xlink:label="hcp_SanDiego1514CAMember" xlink:title="SanDiego1514CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanDiego1514CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanDiego1514CAMember" use="optional" order="452" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanDiego1558CAMember" xlink:label="hcp_SanDiego1558CAMember" xlink:title="SanDiego1558CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanDiego1558CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanDiego1558CAMember" use="optional" order="453" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanDiego1948CAMember" xlink:label="hcp_SanDiego1948CAMember" xlink:title="SanDiego1948CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanDiego1948CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanDiego1948CAMember" use="optional" order="454" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanDiego1950CAMember" xlink:label="hcp_SanDiego1950CAMember" xlink:title="SanDiego1950CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanDiego1950CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanDiego1950CAMember" use="optional" order="455" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanDiego2197CAMember" xlink:label="hcp_SanDiego2197CAMember" xlink:title="SanDiego2197CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanDiego2197CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanDiego2197CAMember" use="optional" order="456" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1407CAMember" xlink:label="hcp_SouthSanFrancisco1407CAMember" xlink:title="SouthSanFrancisco1407CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1407CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1407CAMember" use="optional" order="457" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1408CAMember" xlink:label="hcp_SouthSanFrancisco1408CAMember" xlink:title="SouthSanFrancisco1408CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1408CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1408CAMember" use="optional" order="458" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1409CAMember" xlink:label="hcp_SouthSanFrancisco1409CAMember" xlink:title="SouthSanFrancisco1409CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1409CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1409CAMember" use="optional" order="459" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1410CAMember" xlink:label="hcp_SouthSanFrancisco1410CAMember" xlink:title="SouthSanFrancisco1410CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1410CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1410CAMember" use="optional" order="460" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1411CAMember" xlink:label="hcp_SouthSanFrancisco1411CAMember" xlink:title="SouthSanFrancisco1411CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1411CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1411CAMember" use="optional" order="461" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1412CAMember" xlink:label="hcp_SouthSanFrancisco1412CAMember" xlink:title="SouthSanFrancisco1412CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1412CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1412CAMember" use="optional" order="462" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1413CAMember" xlink:label="hcp_SouthSanFrancisco1413CAMember" xlink:title="SouthSanFrancisco1413CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1413CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1413CAMember" use="optional" order="463" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1414CAMember" xlink:label="hcp_SouthSanFrancisco1414CAMember" xlink:title="SouthSanFrancisco1414CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1414CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1414CAMember" use="optional" order="464" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1430CAMember" xlink:label="hcp_SouthSanFrancisco1430CAMember" xlink:title="SouthSanFrancisco1430CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1430CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1430CAMember" use="optional" order="465" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1431CAMember" xlink:label="hcp_SouthSanFrancisco1431CAMember" xlink:title="SouthSanFrancisco1431CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1431CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1431CAMember" use="optional" order="466" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1435CAMember" xlink:label="hcp_SouthSanFrancisco1435CAMember" xlink:title="SouthSanFrancisco1435CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1435CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1435CAMember" use="optional" order="467" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1436CAMember" xlink:label="hcp_SouthSanFrancisco1436CAMember" xlink:title="SouthSanFrancisco1436CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1436CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1436CAMember" use="optional" order="468" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1437CAMember" xlink:label="hcp_SouthSanFrancisco1437CAMember" xlink:title="SouthSanFrancisco1437CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1437CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1437CAMember" use="optional" order="469" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1439CAMember" xlink:label="hcp_SouthSanFrancisco1439CAMember" xlink:title="SouthSanFrancisco1439CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1439CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1439CAMember" use="optional" order="470" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1440CAMember" xlink:label="hcp_SouthSanFrancisco1440CAMember" xlink:title="SouthSanFrancisco1440CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1440CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1440CAMember" use="optional" order="471" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1441CAMember" xlink:label="hcp_SouthSanFrancisco1441CAMember" xlink:title="SouthSanFrancisco1441CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1441CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1441CAMember" use="optional" order="472" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1442CAMember" xlink:label="hcp_SouthSanFrancisco1442CAMember" xlink:title="SouthSanFrancisco1442CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1442CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1442CAMember" use="optional" order="473" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1443CAMember" xlink:label="hcp_SouthSanFrancisco1443CAMember" xlink:title="SouthSanFrancisco1443CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1443CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1443CAMember" use="optional" order="474" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1444CAMember" xlink:label="hcp_SouthSanFrancisco1444CAMember" xlink:title="SouthSanFrancisco1444CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1444CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1444CAMember" use="optional" order="475" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1445CAMember" xlink:label="hcp_SouthSanFrancisco1445CAMember" xlink:title="SouthSanFrancisco1445CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1445CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1445CAMember" use="optional" order="476" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1448CAMember" xlink:label="hcp_SouthSanFrancisco1448CAMember" xlink:title="SouthSanFrancisco1448CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1448CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1448CAMember" use="optional" order="477" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1449CAMember" xlink:label="hcp_SouthSanFrancisco1449CAMember" xlink:title="SouthSanFrancisco1449CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1449CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1449CAMember" use="optional" order="478" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1450CAMember" xlink:label="hcp_SouthSanFrancisco1450CAMember" xlink:title="SouthSanFrancisco1450CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1450CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1450CAMember" use="optional" order="479" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1451CAMember" xlink:label="hcp_SouthSanFrancisco1451CAMember" xlink:title="SouthSanFrancisco1451CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1451CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1451CAMember" use="optional" order="480" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1452CAMember" xlink:label="hcp_SouthSanFrancisco1452CAMember" xlink:title="SouthSanFrancisco1452CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1452CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1452CAMember" use="optional" order="481" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1454CAMember" xlink:label="hcp_SouthSanFrancisco1454CAMember" xlink:title="SouthSanFrancisco1454CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1454CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1454CAMember" use="optional" order="482" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1455CAMember" xlink:label="hcp_SouthSanFrancisco1455CAMember" xlink:title="SouthSanFrancisco1455CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1455CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1455CAMember" use="optional" order="483" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1456CAMember" xlink:label="hcp_SouthSanFrancisco1456CAMember" xlink:title="SouthSanFrancisco1456CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1456CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1456CAMember" use="optional" order="484" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1458CAMember" xlink:label="hcp_SouthSanFrancisco1458CAMember" xlink:title="SouthSanFrancisco1458CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1458CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1458CAMember" use="optional" order="485" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1459CAMember" xlink:label="hcp_SouthSanFrancisco1459CAMember" xlink:title="SouthSanFrancisco1459CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1459CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1459CAMember" use="optional" order="486" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1460CAMember" xlink:label="hcp_SouthSanFrancisco1460CAMember" xlink:title="SouthSanFrancisco1460CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1460CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1460CAMember" use="optional" order="487" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1461CAMember" xlink:label="hcp_SouthSanFrancisco1461CAMember" xlink:title="SouthSanFrancisco1461CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1461CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1461CAMember" use="optional" order="488" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1462CAMember" xlink:label="hcp_SouthSanFrancisco1462CAMember" xlink:title="SouthSanFrancisco1462CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1462CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1462CAMember" use="optional" order="489" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1463CAMember" xlink:label="hcp_SouthSanFrancisco1463CAMember" xlink:title="SouthSanFrancisco1463CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1463CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1463CAMember" use="optional" order="490" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1464CAMember" xlink:label="hcp_SouthSanFrancisco1464CAMember" xlink:title="SouthSanFrancisco1464CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1464CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1464CAMember" use="optional" order="491" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1468CAMember" xlink:label="hcp_SouthSanFrancisco1468CAMember" xlink:title="SouthSanFrancisco1468CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1468CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1468CAMember" use="optional" order="492" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1480CAMember" xlink:label="hcp_SouthSanFrancisco1480CAMember" xlink:title="SouthSanFrancisco1480CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1480CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1480CAMember" use="optional" order="493" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1559CAMember" xlink:label="hcp_SouthSanFrancisco1559CAMember" xlink:title="SouthSanFrancisco1559CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1559CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1559CAMember" use="optional" order="494" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1560CAMember" xlink:label="hcp_SouthSanFrancisco1560CAMember" xlink:title="SouthSanFrancisco1560CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1560CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1560CAMember" use="optional" order="495" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SouthSanFrancisco1982CAMember" xlink:label="hcp_SouthSanFrancisco1982CAMember" xlink:title="SouthSanFrancisco1982CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SouthSanFrancisco1982CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SouthSanFrancisco1982CAMember" use="optional" order="496" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Cambridge1604MAMember" xlink:label="hcp_Cambridge1604MAMember" xlink:title="Cambridge1604MAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Cambridge1604MAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Cambridge1604MAMember" use="optional" order="497" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Durham2011NCMember" xlink:label="hcp_Durham2011NCMember" xlink:title="Durham2011NCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Durham2011NCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Durham2011NCMember" use="optional" order="498" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Durham2029NCMember" xlink:label="hcp_Durham2029NCMember" xlink:title="Durham2029NCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Durham2029NCMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Durham2029NCMember" use="optional" order="499" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SaltLakeCity461UTMember" xlink:label="hcp_SaltLakeCity461UTMember" xlink:title="SaltLakeCity461UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SaltLakeCity461UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SaltLakeCity461UTMember" use="optional" order="500" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SaltLakeCity462UTMember" xlink:label="hcp_SaltLakeCity462UTMember" xlink:title="SaltLakeCity462UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SaltLakeCity462UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SaltLakeCity462UTMember" use="optional" order="501" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SaltLakeCity463UTMember" xlink:label="hcp_SaltLakeCity463UTMember" xlink:title="SaltLakeCity463UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SaltLakeCity463UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SaltLakeCity463UTMember" use="optional" order="502" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SaltLakeCity464UTMember" xlink:label="hcp_SaltLakeCity464UTMember" xlink:title="SaltLakeCity464UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SaltLakeCity464UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SaltLakeCity464UTMember" use="optional" order="503" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SaltLakeCity465UTMember" xlink:label="hcp_SaltLakeCity465UTMember" xlink:title="SaltLakeCity465UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SaltLakeCity465UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SaltLakeCity465UTMember" use="optional" order="504" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SaltLakeCity466UTMember" xlink:label="hcp_SaltLakeCity466UTMember" xlink:title="SaltLakeCity466UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SaltLakeCity466UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SaltLakeCity466UTMember" use="optional" order="505" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SaltLakeCity507UTMember" xlink:label="hcp_SaltLakeCity507UTMember" xlink:title="SaltLakeCity507UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SaltLakeCity507UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SaltLakeCity507UTMember" use="optional" order="506" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SaltLakeCity537UTMember" xlink:label="hcp_SaltLakeCity537UTMember" xlink:title="SaltLakeCity537UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SaltLakeCity537UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SaltLakeCity537UTMember" use="optional" order="507" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SaltLakeCity799UTMember" xlink:label="hcp_SaltLakeCity799UTMember" xlink:title="SaltLakeCity799UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SaltLakeCity799UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SaltLakeCity799UTMember" use="optional" order="508" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SaltLakeCity1593UTMember" xlink:label="hcp_SaltLakeCity1593UTMember" xlink:title="SaltLakeCity1593UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SaltLakeCity1593UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SaltLakeCity1593UTMember" use="optional" order="509" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Anchorage638AKMember" xlink:label="hcp_Anchorage638AKMember" xlink:title="Anchorage638AKMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Anchorage638AKMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Anchorage638AKMember" use="optional" order="510" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Chandler520AZMember" xlink:label="hcp_Chandler520AZMember" xlink:title="Chandler520AZMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Chandler520AZMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Chandler520AZMember" use="optional" order="511" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Mesa2040AZMember" xlink:label="hcp_Mesa2040AZMember" xlink:title="Mesa2040AZMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Mesa2040AZMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Mesa2040AZMember" use="optional" order="512" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_OroValley468AZMember" xlink:label="hcp_OroValley468AZMember" xlink:title="OroValley468AZMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_OroValley468AZMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_OroValley468AZMember" use="optional" order="513" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Phoenix356AZMember" xlink:label="hcp_Phoenix356AZMember" xlink:title="Phoenix356AZMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Phoenix356AZMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Phoenix356AZMember" use="optional" order="514" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Phoenix470AZMember" xlink:label="hcp_Phoenix470AZMember" xlink:title="Phoenix470AZMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Phoenix470AZMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Phoenix470AZMember" use="optional" order="515" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Scottsdale1066AZMember" xlink:label="hcp_Scottsdale1066AZMember" xlink:title="Scottsdale1066AZMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Scottsdale1066AZMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Scottsdale1066AZMember" use="optional" order="516" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Scottsdale2021AZMember" xlink:label="hcp_Scottsdale2021AZMember" xlink:title="Scottsdale2021AZMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Scottsdale2021AZMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Scottsdale2021AZMember" use="optional" order="517" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Scottsdale2022AZMember" xlink:label="hcp_Scottsdale2022AZMember" xlink:title="Scottsdale2022AZMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Scottsdale2022AZMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Scottsdale2022AZMember" use="optional" order="518" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Scottsdale2023AZMember" xlink:label="hcp_Scottsdale2023AZMember" xlink:title="Scottsdale2023AZMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Scottsdale2023AZMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Scottsdale2023AZMember" use="optional" order="519" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Scottsdale2024AZMember" xlink:label="hcp_Scottsdale2024AZMember" xlink:title="Scottsdale2024AZMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Scottsdale2024AZMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Scottsdale2024AZMember" use="optional" order="520" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Scottsdale2025AZMember" xlink:label="hcp_Scottsdale2025AZMember" xlink:title="Scottsdale2025AZMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Scottsdale2025AZMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Scottsdale2025AZMember" use="optional" order="521" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Scottsdale2026AZMember" xlink:label="hcp_Scottsdale2026AZMember" xlink:title="Scottsdale2026AZMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Scottsdale2026AZMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Scottsdale2026AZMember" use="optional" order="522" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Scottsdale2027AZMember" xlink:label="hcp_Scottsdale2027AZMember" xlink:title="Scottsdale2027AZMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Scottsdale2027AZMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Scottsdale2027AZMember" use="optional" order="523" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Scottsdale2028AZMember" xlink:label="hcp_Scottsdale2028AZMember" xlink:title="Scottsdale2028AZMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Scottsdale2028AZMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Scottsdale2028AZMember" use="optional" order="524" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Tucson453AZMember" xlink:label="hcp_Tucson453AZMember" xlink:title="Tucson453AZMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Tucson453AZMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Tucson453AZMember" use="optional" order="525" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Tucson556AZMember" xlink:label="hcp_Tucson556AZMember" xlink:title="Tucson556AZMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Tucson556AZMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Tucson556AZMember" use="optional" order="526" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Brentwood1041CAMember" xlink:label="hcp_Brentwood1041CAMember" xlink:title="Brentwood1041CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Brentwood1041CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Brentwood1041CAMember" use="optional" order="527" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Encino1200CAMember" xlink:label="hcp_Encino1200CAMember" xlink:title="Encino1200CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Encino1200CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Encino1200CAMember" use="optional" order="528" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Murietta436CAMember" xlink:label="hcp_Murietta436CAMember" xlink:title="Murietta436CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Murietta436CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Murietta436CAMember" use="optional" order="529" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Poway239CAMember" xlink:label="hcp_Poway239CAMember" xlink:title="Poway239CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Poway239CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Poway239CAMember" use="optional" order="530" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Sacramento318CAMember" xlink:label="hcp_Sacramento318CAMember" xlink:title="Sacramento318CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Sacramento318CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Sacramento318CAMember" use="optional" order="531" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanDiego234CAMember" xlink:label="hcp_SanDiego234CAMember" xlink:title="SanDiego234CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanDiego234CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanDiego234CAMember" use="optional" order="532" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanDiego235CAMember" xlink:label="hcp_SanDiego235CAMember" xlink:title="SanDiego235CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanDiego235CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanDiego235CAMember" use="optional" order="533" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanDiego236CAMember" xlink:label="hcp_SanDiego236CAMember" xlink:title="SanDiego236CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanDiego236CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanDiego236CAMember" use="optional" order="534" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanDiego421CAMember" xlink:label="hcp_SanDiego421CAMember" xlink:title="SanDiego421CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanDiego421CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanDiego421CAMember" use="optional" order="535" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanJose564CAMember" xlink:label="hcp_SanJose564CAMember" xlink:title="SanJose564CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanJose564CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanJose564CAMember" use="optional" order="536" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanJose565CAMember" xlink:label="hcp_SanJose565CAMember" xlink:title="SanJose565CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanJose565CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanJose565CAMember" use="optional" order="537" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanJose659CAMember" xlink:label="hcp_SanJose659CAMember" xlink:title="SanJose659CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanJose659CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanJose659CAMember" use="optional" order="538" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ShermanOaks1209CAMember" xlink:label="hcp_ShermanOaks1209CAMember" xlink:title="ShermanOaks1209CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_ShermanOaks1209CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_ShermanOaks1209CAMember" use="optional" order="539" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Valencia439CAMember" xlink:label="hcp_Valencia439CAMember" xlink:title="Valencia439CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Valencia439CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Valencia439CAMember" use="optional" order="540" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Valencia1211CAMember" xlink:label="hcp_Valencia1211CAMember" xlink:title="Valencia1211CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Valencia1211CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Valencia1211CAMember" use="optional" order="541" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_WestHills440CAMember" xlink:label="hcp_WestHills440CAMember" xlink:title="WestHills440CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_WestHills440CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_WestHills440CAMember" use="optional" order="542" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Aurora728COMember" xlink:label="hcp_Aurora728COMember" xlink:title="Aurora728COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Aurora728COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Aurora728COMember" use="optional" order="543" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Aurora1196COMember" xlink:label="hcp_Aurora1196COMember" xlink:title="Aurora1196COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Aurora1196COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Aurora1196COMember" use="optional" order="544" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Aurora1197COMember" xlink:label="hcp_Aurora1197COMember" xlink:title="Aurora1197COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Aurora1197COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Aurora1197COMember" use="optional" order="545" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ColoradoSprings882COMember" xlink:label="hcp_ColoradoSprings882COMember" xlink:title="ColoradoSprings882COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_ColoradoSprings882COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_ColoradoSprings882COMember" use="optional" order="546" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Conifer814COMember" xlink:label="hcp_Conifer814COMember" xlink:title="Conifer814COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Conifer814COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Conifer814COMember" use="optional" order="547" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Denver1199COMember" xlink:label="hcp_Denver1199COMember" xlink:title="Denver1199COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Denver1199COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Denver1199COMember" use="optional" order="548" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Englewood808COMember" xlink:label="hcp_Englewood808COMember" xlink:title="Englewood808COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Englewood808COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Englewood808COMember" use="optional" order="549" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Englewood809COMember" xlink:label="hcp_Englewood809COMember" xlink:title="Englewood809COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Englewood809COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Englewood809COMember" use="optional" order="550" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Englewood810COMember" xlink:label="hcp_Englewood810COMember" xlink:title="Englewood810COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Englewood810COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Englewood810COMember" use="optional" order="551" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Englewood811COMember" xlink:label="hcp_Englewood811COMember" xlink:title="Englewood811COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Englewood811COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Englewood811COMember" use="optional" order="552" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Littleton812COMember" xlink:label="hcp_Littleton812COMember" xlink:title="Littleton812COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Littleton812COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Littleton812COMember" use="optional" order="553" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Littleton813COMember" xlink:label="hcp_Littleton813COMember" xlink:title="Littleton813COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Littleton813COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Littleton813COMember" use="optional" order="554" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LoneTree570COMember" xlink:label="hcp_LoneTree570COMember" xlink:title="LoneTree570COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_LoneTree570COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_LoneTree570COMember" use="optional" order="555" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LoneTree666COMember" xlink:label="hcp_LoneTree666COMember" xlink:title="LoneTree666COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_LoneTree666COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_LoneTree666COMember" use="optional" order="556" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Parker1076COMember" xlink:label="hcp_Parker1076COMember" xlink:title="Parker1076COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Parker1076COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Parker1076COMember" use="optional" order="557" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Thornton510COMember" xlink:label="hcp_Thornton510COMember" xlink:title="Thornton510COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Thornton510COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Thornton510COMember" use="optional" order="558" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Atlantis433FLMember" xlink:label="hcp_Atlantis433FLMember" xlink:title="Atlantis433FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Atlantis433FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Atlantis433FLMember" use="optional" order="559" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Atlantis434FLMember" xlink:label="hcp_Atlantis434FLMember" xlink:title="Atlantis434FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Atlantis434FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Atlantis434FLMember" use="optional" order="560" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Atlantis435FLMember" xlink:label="hcp_Atlantis435FLMember" xlink:title="Atlantis435FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Atlantis435FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Atlantis435FLMember" use="optional" order="561" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Atlantis602FLMember" xlink:label="hcp_Atlantis602FLMember" xlink:title="Atlantis602FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Atlantis602FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Atlantis602FLMember" use="optional" order="562" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Englewood604FLMember" xlink:label="hcp_Englewood604FLMember" xlink:title="Englewood604FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Englewood604FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Englewood604FLMember" use="optional" order="563" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Kissimmee609FLMember" xlink:label="hcp_Kissimmee609FLMember" xlink:title="Kissimmee609FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Kissimmee609FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Kissimmee609FLMember" use="optional" order="564" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Kissimmee610FLMember" xlink:label="hcp_Kissimmee610FLMember" xlink:title="Kissimmee610FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Kissimmee610FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Kissimmee610FLMember" use="optional" order="565" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Kissimmee671FLMember" xlink:label="hcp_Kissimmee671FLMember" xlink:title="Kissimmee671FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Kissimmee671FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Kissimmee671FLMember" use="optional" order="566" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LakeWorth603FLMember" xlink:label="hcp_LakeWorth603FLMember" xlink:title="LakeWorth603FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_LakeWorth603FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_LakeWorth603FLMember" use="optional" order="567" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Margate612FLMember" xlink:label="hcp_Margate612FLMember" xlink:title="Margate612FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Margate612FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Margate612FLMember" use="optional" order="568" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Miami613FLMember" xlink:label="hcp_Miami613FLMember" xlink:title="Miami613FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Miami613FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Miami613FLMember" use="optional" order="569" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Milton1067FLMember" xlink:label="hcp_Milton1067FLMember" xlink:title="Milton1067FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Milton1067FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Milton1067FLMember" use="optional" order="570" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Orlando563FLMember" xlink:label="hcp_Orlando563FLMember" xlink:title="Orlando563FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Orlando563FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Orlando563FLMember" use="optional" order="571" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Pace833FLMember" xlink:label="hcp_Pace833FLMember" xlink:title="Pace833FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Pace833FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Pace833FLMember" use="optional" order="572" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Pensacola834FLMember" xlink:label="hcp_Pensacola834FLMember" xlink:title="Pensacola834FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Pensacola834FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Pensacola834FLMember" use="optional" order="573" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Plantation614FLMember" xlink:label="hcp_Plantation614FLMember" xlink:title="Plantation614FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Plantation614FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Plantation614FLMember" use="optional" order="574" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Plantation673FLMember" xlink:label="hcp_Plantation673FLMember" xlink:title="Plantation673FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Plantation673FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Plantation673FLMember" use="optional" order="575" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_St.Petersburg701FLMember" xlink:label="hcp_St.Petersburg701FLMember" xlink:title="St.Petersburg701FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_St.Petersburg701FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_St.Petersburg701FLMember" use="optional" order="576" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Tampa1210FLMember" xlink:label="hcp_Tampa1210FLMember" xlink:title="Tampa1210FLMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Tampa1210FLMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Tampa1210FLMember" use="optional" order="577" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_McCaysville1058GAMember" xlink:label="hcp_McCaysville1058GAMember" xlink:title="McCaysville1058GAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_McCaysville1058GAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_McCaysville1058GAMember" use="optional" order="578" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Marion1065ILMember" xlink:label="hcp_Marion1065ILMember" xlink:title="Marion1065ILMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Marion1065ILMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Marion1065ILMember" use="optional" order="579" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Newburgh1057INMember" xlink:label="hcp_Newburgh1057INMember" xlink:title="Newburgh1057INMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Newburgh1057INMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Newburgh1057INMember" use="optional" order="580" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_KansasCity2039KSMember" xlink:label="hcp_KansasCity2039KSMember" xlink:title="KansasCity2039KSMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_KansasCity2039KSMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_KansasCity2039KSMember" use="optional" order="581" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_OverlandPark2043KSMember" xlink:label="hcp_OverlandPark2043KSMember" xlink:title="OverlandPark2043KSMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_OverlandPark2043KSMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_OverlandPark2043KSMember" use="optional" order="582" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Wichita483KSMember" xlink:label="hcp_Wichita483KSMember" xlink:title="Wichita483KSMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Wichita483KSMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Wichita483KSMember" use="optional" order="583" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Lexington1064KYMember" xlink:label="hcp_Lexington1064KYMember" xlink:title="Lexington1064KYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Lexington1064KYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Lexington1064KYMember" use="optional" order="584" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Louisville735KYMember" xlink:label="hcp_Louisville735KYMember" xlink:title="Louisville735KYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Louisville735KYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Louisville735KYMember" use="optional" order="585" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Louisville737KYMember" xlink:label="hcp_Louisville737KYMember" xlink:title="Louisville737KYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Louisville737KYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Louisville737KYMember" use="optional" order="586" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Louisville738KYMember" xlink:label="hcp_Louisville738KYMember" xlink:title="Louisville738KYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Louisville738KYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Louisville738KYMember" use="optional" order="587" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Louisville739KYMember" xlink:label="hcp_Louisville739KYMember" xlink:title="Louisville739KYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Louisville739KYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Louisville739KYMember" use="optional" order="588" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Louisville740KYMember" xlink:label="hcp_Louisville740KYMember" xlink:title="Louisville740KYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Louisville740KYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Louisville740KYMember" use="optional" order="589" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Louisville1944KYMember" xlink:label="hcp_Louisville1944KYMember" xlink:title="Louisville1944KYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Louisville1944KYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Louisville1944KYMember" use="optional" order="590" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Louisville1945KYMember" xlink:label="hcp_Louisville1945KYMember" xlink:title="Louisville1945KYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Louisville1945KYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Louisville1945KYMember" use="optional" order="591" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Louisville1946KYMember" xlink:label="hcp_Louisville1946KYMember" xlink:title="Louisville1946KYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Louisville1946KYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Louisville1946KYMember" use="optional" order="592" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Haverhill1324MAMember" xlink:label="hcp_Haverhill1324MAMember" xlink:title="Haverhill1324MAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Haverhill1324MAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Haverhill1324MAMember" use="optional" order="593" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EllicottCity1213MDMember" xlink:label="hcp_EllicottCity1213MDMember" xlink:title="EllicottCity1213MDMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_EllicottCity1213MDMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_EllicottCity1213MDMember" use="optional" order="594" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_GlenBurnie361MDMember" xlink:label="hcp_GlenBurnie361MDMember" xlink:title="GlenBurnie361MDMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_GlenBurnie361MDMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_GlenBurnie361MDMember" use="optional" order="595" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Towson1052MDMember" xlink:label="hcp_Towson1052MDMember" xlink:title="Towson1052MDMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Towson1052MDMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Towson1052MDMember" use="optional" order="596" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Minneapolis240MNMember" xlink:label="hcp_Minneapolis240MNMember" xlink:title="Minneapolis240MNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Minneapolis240MNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Minneapolis240MNMember" use="optional" order="597" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Minneapolis300MNMember" xlink:label="hcp_Minneapolis300MNMember" xlink:title="Minneapolis300MNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Minneapolis300MNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Minneapolis300MNMember" use="optional" order="598" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Independence2032MOMember" xlink:label="hcp_Independence2032MOMember" xlink:title="Independence2032MOMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Independence2032MOMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Independence2032MOMember" use="optional" order="599" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Flowood1078MSMember" xlink:label="hcp_Flowood1078MSMember" xlink:title="Flowood1078MSMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Flowood1078MSMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Flowood1078MSMember" use="optional" order="600" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Jackson1059MSMember" xlink:label="hcp_Jackson1059MSMember" xlink:title="Jackson1059MSMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Jackson1059MSMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Jackson1059MSMember" use="optional" order="601" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Jackson1060MSMember" xlink:label="hcp_Jackson1060MSMember" xlink:title="Jackson1060MSMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Jackson1060MSMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Jackson1060MSMember" use="optional" order="602" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Omaha1068NEMember" xlink:label="hcp_Omaha1068NEMember" xlink:title="Omaha1068NEMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Omaha1068NEMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Omaha1068NEMember" use="optional" order="603" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Albuquerque729NMMember" xlink:label="hcp_Albuquerque729NMMember" xlink:title="Albuquerque729NMMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Albuquerque729NMMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Albuquerque729NMMember" use="optional" order="604" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Elko348NVMember" xlink:label="hcp_Elko348NVMember" xlink:title="Elko348NVMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Elko348NVMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Elko348NVMember" use="optional" order="605" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LasVegas571NVMember" xlink:label="hcp_LasVegas571NVMember" xlink:title="LasVegas571NVMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_LasVegas571NVMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_LasVegas571NVMember" use="optional" order="606" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LasVegas660NVMember" xlink:label="hcp_LasVegas660NVMember" xlink:title="LasVegas660NVMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_LasVegas660NVMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_LasVegas660NVMember" use="optional" order="607" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LasVegas661NVMember" xlink:label="hcp_LasVegas661NVMember" xlink:title="LasVegas661NVMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_LasVegas661NVMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_LasVegas661NVMember" use="optional" order="608" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LasVegas662NVMember" xlink:label="hcp_LasVegas662NVMember" xlink:title="LasVegas662NVMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_LasVegas662NVMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_LasVegas662NVMember" use="optional" order="609" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LasVegas663NVMember" xlink:label="hcp_LasVegas663NVMember" xlink:title="LasVegas663NVMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_LasVegas663NVMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_LasVegas663NVMember" use="optional" order="610" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LasVegas664NVMember" xlink:label="hcp_LasVegas664NVMember" xlink:title="LasVegas664NVMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_LasVegas664NVMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_LasVegas664NVMember" use="optional" order="611" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LasVegas691NVMember" xlink:label="hcp_LasVegas691NVMember" xlink:title="LasVegas691NVMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_LasVegas691NVMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_LasVegas691NVMember" use="optional" order="612" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Mesquite2037NVMember" xlink:label="hcp_Mesquite2037NVMember" xlink:title="Mesquite2037NVMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Mesquite2037NVMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Mesquite2037NVMember" use="optional" order="613" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Cleveland1285OHMember" xlink:label="hcp_Cleveland1285OHMember" xlink:title="Cleveland1285OHMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Cleveland1285OHMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Cleveland1285OHMember" use="optional" order="614" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Harrison400OHMember" xlink:label="hcp_Harrison400OHMember" xlink:title="Harrison400OHMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Harrison400OHMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Harrison400OHMember" use="optional" order="615" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Durant1054OKMember" xlink:label="hcp_Durant1054OKMember" xlink:title="Durant1054OKMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Durant1054OKMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Durant1054OKMember" use="optional" order="616" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Owasso817OKMember" xlink:label="hcp_Owasso817OKMember" xlink:title="Owasso817OKMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Owasso817OKMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Owasso817OKMember" use="optional" order="617" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Roseburg404ORMember" xlink:label="hcp_Roseburg404ORMember" xlink:title="Roseburg404ORMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Roseburg404ORMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Roseburg404ORMember" use="optional" order="618" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Clarksville252TNMember" xlink:label="hcp_Clarksville252TNMember" xlink:title="Clarksville252TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Clarksville252TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Clarksville252TNMember" use="optional" order="619" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Hendersonville624TNMember" xlink:label="hcp_Hendersonville624TNMember" xlink:title="Hendersonville624TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Hendersonville624TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Hendersonville624TNMember" use="optional" order="620" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Hermitage559TNMember" xlink:label="hcp_Hermitage559TNMember" xlink:title="Hermitage559TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Hermitage559TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Hermitage559TNMember" use="optional" order="621" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Hermitage561TNMember" xlink:label="hcp_Hermitage561TNMember" xlink:title="Hermitage561TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Hermitage561TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Hermitage561TNMember" use="optional" order="622" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Hermitage562TNMember" xlink:label="hcp_Hermitage562TNMember" xlink:title="Hermitage562TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Hermitage562TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Hermitage562TNMember" use="optional" order="623" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Knoxville154TNMember" xlink:label="hcp_Knoxville154TNMember" xlink:title="Knoxville154TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Knoxville154TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Knoxville154TNMember" use="optional" order="624" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Nashville625TNMember" xlink:label="hcp_Nashville625TNMember" xlink:title="Nashville625TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Nashville625TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Nashville625TNMember" use="optional" order="625" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Nashville626TNMember" xlink:label="hcp_Nashville626TNMember" xlink:title="Nashville626TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Nashville626TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Nashville626TNMember" use="optional" order="626" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Nashville627TNMember" xlink:label="hcp_Nashville627TNMember" xlink:title="Nashville627TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Nashville627TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Nashville627TNMember" use="optional" order="627" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Nashville628TNMember" xlink:label="hcp_Nashville628TNMember" xlink:title="Nashville628TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Nashville628TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Nashville628TNMember" use="optional" order="628" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Nashville630TNMember" xlink:label="hcp_Nashville630TNMember" xlink:title="Nashville630TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Nashville630TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Nashville630TNMember" use="optional" order="629" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Nashville631TNMember" xlink:label="hcp_Nashville631TNMember" xlink:title="Nashville631TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Nashville631TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Nashville631TNMember" use="optional" order="630" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Nashville632TNMember" xlink:label="hcp_Nashville632TNMember" xlink:title="Nashville632TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Nashville632TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Nashville632TNMember" use="optional" order="631" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Nashville633TNMember" xlink:label="hcp_Nashville633TNMember" xlink:title="Nashville633TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Nashville633TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Nashville633TNMember" use="optional" order="632" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Nashville634TNMember" xlink:label="hcp_Nashville634TNMember" xlink:title="Nashville634TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Nashville634TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Nashville634TNMember" use="optional" order="633" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Nashville636TNMember" xlink:label="hcp_Nashville636TNMember" xlink:title="Nashville636TNMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Nashville636TNMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Nashville636TNMember" use="optional" order="634" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Arlington573TXMember" xlink:label="hcp_Arlington573TXMember" xlink:title="Arlington573TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Arlington573TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Arlington573TXMember" use="optional" order="635" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Conroe576TXMember" xlink:label="hcp_Conroe576TXMember" xlink:title="Conroe576TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Conroe576TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Conroe576TXMember" use="optional" order="636" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Conroe577TXMember" xlink:label="hcp_Conroe577TXMember" xlink:title="Conroe577TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Conroe577TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Conroe577TXMember" use="optional" order="637" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Conroe578TXMember" xlink:label="hcp_Conroe578TXMember" xlink:title="Conroe578TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Conroe578TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Conroe578TXMember" use="optional" order="638" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Conroe579TXMember" xlink:label="hcp_Conroe579TXMember" xlink:title="Conroe579TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Conroe579TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Conroe579TXMember" use="optional" order="639" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CorpusChristi581TXMember" xlink:label="hcp_CorpusChristi581TXMember" xlink:title="CorpusChristi581TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_CorpusChristi581TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_CorpusChristi581TXMember" use="optional" order="640" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CorpusChristi600TXMember" xlink:label="hcp_CorpusChristi600TXMember" xlink:title="CorpusChristi600TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_CorpusChristi600TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_CorpusChristi600TXMember" use="optional" order="641" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CorpusChristi601TXMember" xlink:label="hcp_CorpusChristi601TXMember" xlink:title="CorpusChristi601TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_CorpusChristi601TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_CorpusChristi601TXMember" use="optional" order="642" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Dallas582TXMember" xlink:label="hcp_Dallas582TXMember" xlink:title="Dallas582TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Dallas582TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Dallas582TXMember" use="optional" order="643" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Dallas1314TXMember" xlink:label="hcp_Dallas1314TXMember" xlink:title="Dallas1314TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Dallas1314TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Dallas1314TXMember" use="optional" order="644" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FortWorth583TXMember" xlink:label="hcp_FortWorth583TXMember" xlink:title="FortWorth583TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_FortWorth583TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_FortWorth583TXMember" use="optional" order="645" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FortWorth805TXMember" xlink:label="hcp_FortWorth805TXMember" xlink:title="FortWorth805TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_FortWorth805TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_FortWorth805TXMember" use="optional" order="646" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FortWorth806TXMember" xlink:label="hcp_FortWorth806TXMember" xlink:title="FortWorth806TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_FortWorth806TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_FortWorth806TXMember" use="optional" order="647" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Granbury1061TXMember" xlink:label="hcp_Granbury1061TXMember" xlink:title="Granbury1061TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Granbury1061TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Granbury1061TXMember" use="optional" order="648" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Houston430TXMember" xlink:label="hcp_Houston430TXMember" xlink:title="Houston430TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Houston430TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Houston430TXMember" use="optional" order="649" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Houston446TXMember" xlink:label="hcp_Houston446TXMember" xlink:title="Houston446TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Houston446TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Houston446TXMember" use="optional" order="650" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Houston586TXMember" xlink:label="hcp_Houston586TXMember" xlink:title="Houston586TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Houston586TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Houston586TXMember" use="optional" order="651" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Houston589TXMember" xlink:label="hcp_Houston589TXMember" xlink:title="Houston589TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Houston589TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Houston589TXMember" use="optional" order="652" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Houston670TXMember" xlink:label="hcp_Houston670TXMember" xlink:title="Houston670TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Houston670TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Houston670TXMember" use="optional" order="653" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Houston702TXMember" xlink:label="hcp_Houston702TXMember" xlink:title="Houston702TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Houston702TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Houston702TXMember" use="optional" order="654" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Houston1044TXMember" xlink:label="hcp_Houston1044TXMember" xlink:title="Houston1044TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Houston1044TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Houston1044TXMember" use="optional" order="655" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Irving590TXMember" xlink:label="hcp_Irving590TXMember" xlink:title="Irving590TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Irving590TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Irving590TXMember" use="optional" order="656" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Irving700TXMember" xlink:label="hcp_Irving700TXMember" xlink:title="Irving700TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Irving700TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Irving700TXMember" use="optional" order="657" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Irving1202TXMember" xlink:label="hcp_Irving1202TXMember" xlink:title="Irving1202TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Irving1202TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Irving1202TXMember" use="optional" order="658" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Irving1207TXMember" xlink:label="hcp_Irving1207TXMember" xlink:title="Irving1207TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Irving1207TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Irving1207TXMember" use="optional" order="659" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Lancaster1062TXMember" xlink:label="hcp_Lancaster1062TXMember" xlink:title="Lancaster1062TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Lancaster1062TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Lancaster1062TXMember" use="optional" order="660" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Lancaster2195TXMember" xlink:label="hcp_Lancaster2195TXMember" xlink:title="Lancaster2195TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Lancaster2195TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Lancaster2195TXMember" use="optional" order="661" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Lewisville591TXMember" xlink:label="hcp_Lewisville591TXMember" xlink:title="Lewisville591TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Lewisville591TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Lewisville591TXMember" use="optional" order="662" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Longview144TXMember" xlink:label="hcp_Longview144TXMember" xlink:title="Longview144TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Longview144TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Longview144TXMember" use="optional" order="663" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Lufkin143TXMember" xlink:label="hcp_Lufkin143TXMember" xlink:title="Lufkin143TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Lufkin143TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Lufkin143TXMember" use="optional" order="664" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_McKinney568TXMember" xlink:label="hcp_McKinney568TXMember" xlink:title="McKinney568TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_McKinney568TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_McKinney568TXMember" use="optional" order="665" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_McKinney569TXMember" xlink:label="hcp_McKinney569TXMember" xlink:title="McKinney569TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_McKinney569TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_McKinney569TXMember" use="optional" order="666" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NassauBay596TXMember" xlink:label="hcp_NassauBay596TXMember" xlink:title="NassauBay596TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_NassauBay596TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_NassauBay596TXMember" use="optional" order="667" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NorthRichlandHills1079TXMember" xlink:label="hcp_NorthRichlandHills1079TXMember" xlink:title="NorthRichlandHills1079TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_NorthRichlandHills1079TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_NorthRichlandHills1079TXMember" use="optional" order="668" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NorthRichlandHills2048TXMember" xlink:label="hcp_NorthRichlandHills2048TXMember" xlink:title="NorthRichlandHills2048TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_NorthRichlandHills2048TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_NorthRichlandHills2048TXMember" use="optional" order="669" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Pearland1048TXMember" xlink:label="hcp_Pearland1048TXMember" xlink:title="Pearland1048TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Pearland1048TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Pearland1048TXMember" use="optional" order="670" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Plano447TXMember" xlink:label="hcp_Plano447TXMember" xlink:title="Plano447TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Plano447TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Plano447TXMember" use="optional" order="671" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Plano597TXMember" xlink:label="hcp_Plano597TXMember" xlink:title="Plano597TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Plano597TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Plano597TXMember" use="optional" order="672" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Plano672TXMember" xlink:label="hcp_Plano672TXMember" xlink:title="Plano672TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Plano672TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Plano672TXMember" use="optional" order="673" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Plano1284TXMember" xlink:label="hcp_Plano1284TXMember" xlink:title="Plano1284TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Plano1284TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Plano1284TXMember" use="optional" order="674" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Plano1286TXMember" xlink:label="hcp_Plano1286TXMember" xlink:title="Plano1286TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Plano1286TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Plano1286TXMember" use="optional" order="675" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanAntonio815TXMember" xlink:label="hcp_SanAntonio815TXMember" xlink:title="SanAntonio815TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanAntonio815TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanAntonio815TXMember" use="optional" order="676" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanAntonio816TXMember" xlink:label="hcp_SanAntonio816TXMember" xlink:title="SanAntonio816TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanAntonio816TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanAntonio816TXMember" use="optional" order="677" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanAntonio1591TXMember" xlink:label="hcp_SanAntonio1591TXMember" xlink:title="SanAntonio1591TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanAntonio1591TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanAntonio1591TXMember" use="optional" order="678" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SanAntonio1977TXMember" xlink:label="hcp_SanAntonio1977TXMember" xlink:title="SanAntonio1977TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SanAntonio1977TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SanAntonio1977TXMember" use="optional" order="679" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Sugarland598TXMember" xlink:label="hcp_Sugarland598TXMember" xlink:title="Sugarland598TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Sugarland598TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Sugarland598TXMember" use="optional" order="680" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Texarkana1081TXMember" xlink:label="hcp_Texarkana1081TXMember" xlink:title="Texarkana1081TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Texarkana1081TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Texarkana1081TXMember" use="optional" order="681" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_TexasCity599TXMember" xlink:label="hcp_TexasCity599TXMember" xlink:title="TexasCity599TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_TexasCity599TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_TexasCity599TXMember" use="optional" order="682" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Victoria152TXMember" xlink:label="hcp_Victoria152TXMember" xlink:title="Victoria152TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Victoria152TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Victoria152TXMember" use="optional" order="683" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Bountiful1592UTMember" xlink:label="hcp_Bountiful1592UTMember" xlink:title="Bountiful1592UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Bountiful1592UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Bountiful1592UTMember" use="optional" order="684" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Bountiful169UTMember" xlink:label="hcp_Bountiful169UTMember" xlink:title="Bountiful169UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Bountiful169UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Bountiful169UTMember" use="optional" order="685" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CastleDale346UTMember" xlink:label="hcp_CastleDale346UTMember" xlink:title="CastleDale346UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_CastleDale346UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_CastleDale346UTMember" use="optional" order="686" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Centerville347UTMember" xlink:label="hcp_Centerville347UTMember" xlink:title="Centerville347UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Centerville347UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Centerville347UTMember" use="optional" order="687" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Draper2035UTMember" xlink:label="hcp_Draper2035UTMember" xlink:title="Draper2035UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Draper2035UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Draper2035UTMember" use="optional" order="688" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Grantsville350UTMember" xlink:label="hcp_Grantsville350UTMember" xlink:title="Grantsville350UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Grantsville350UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Grantsville350UTMember" use="optional" order="689" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Kaysville469UTMember" xlink:label="hcp_Kaysville469UTMember" xlink:title="Kaysville469UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Kaysville469UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Kaysville469UTMember" use="optional" order="690" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Layton456UTMember" xlink:label="hcp_Layton456UTMember" xlink:title="Layton456UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Layton456UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Layton456UTMember" use="optional" order="691" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Layton2042UTMember" xlink:label="hcp_Layton2042UTMember" xlink:title="Layton2042UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Layton2042UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Layton2042UTMember" use="optional" order="692" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Ogden359UTMember" xlink:label="hcp_Ogden359UTMember" xlink:title="Ogden359UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Ogden359UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Ogden359UTMember" use="optional" order="693" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Ogden1283UTMember" xlink:label="hcp_Ogden1283UTMember" xlink:title="Ogden1283UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Ogden1283UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Ogden1283UTMember" use="optional" order="694" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Orem357UTMember" xlink:label="hcp_Orem357UTMember" xlink:title="Orem357UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Orem357UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Orem357UTMember" use="optional" order="695" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Providence371UTMember" xlink:label="hcp_Providence371UTMember" xlink:title="Providence371UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Providence371UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Providence371UTMember" use="optional" order="696" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SaltLakeCity353UTMember" xlink:label="hcp_SaltLakeCity353UTMember" xlink:title="SaltLakeCity353UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SaltLakeCity353UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SaltLakeCity353UTMember" use="optional" order="697" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SaltLakeCity354UTMember" xlink:label="hcp_SaltLakeCity354UTMember" xlink:title="SaltLakeCity354UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SaltLakeCity354UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SaltLakeCity354UTMember" use="optional" order="698" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SaltLakeCity355UTMember" xlink:label="hcp_SaltLakeCity355UTMember" xlink:title="SaltLakeCity355UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SaltLakeCity355UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SaltLakeCity355UTMember" use="optional" order="699" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SaltLakeCity467UTMember" xlink:label="hcp_SaltLakeCity467UTMember" xlink:title="SaltLakeCity467UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SaltLakeCity467UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SaltLakeCity467UTMember" use="optional" order="700" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SaltLakeCity566UTMember" xlink:label="hcp_SaltLakeCity566UTMember" xlink:title="SaltLakeCity566UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SaltLakeCity566UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SaltLakeCity566UTMember" use="optional" order="701" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SaltLakeCity2041UTMember" xlink:label="hcp_SaltLakeCity2041UTMember" xlink:title="SaltLakeCity2041UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_SaltLakeCity2041UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_SaltLakeCity2041UTMember" use="optional" order="702" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Sandy2033UTMember" xlink:label="hcp_Sandy2033UTMember" xlink:title="Sandy2033UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Sandy2033UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Sandy2033UTMember" use="optional" order="703" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Springville358UTMember" xlink:label="hcp_Springville358UTMember" xlink:title="Springville358UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Springville358UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Springville358UTMember" use="optional" order="704" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Stansbury482UTMember" xlink:label="hcp_Stansbury482UTMember" xlink:title="Stansbury482UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Stansbury482UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Stansbury482UTMember" use="optional" order="705" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_WashingtonTerrace351UTMember" xlink:label="hcp_WashingtonTerrace351UTMember" xlink:title="WashingtonTerrace351UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_WashingtonTerrace351UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_WashingtonTerrace351UTMember" use="optional" order="706" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_WashingtonTerrace352UTMember" xlink:label="hcp_WashingtonTerrace352UTMember" xlink:title="WashingtonTerrace352UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_WashingtonTerrace352UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_WashingtonTerrace352UTMember" use="optional" order="707" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_WestJordan2034UTMember" xlink:label="hcp_WestJordan2034UTMember" xlink:title="WestJordan2034UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_WestJordan2034UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_WestJordan2034UTMember" use="optional" order="708" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_WestJordan2036UTMember" xlink:label="hcp_WestJordan2036UTMember" xlink:title="WestJordan2036UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_WestJordan2036UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_WestJordan2036UTMember" use="optional" order="709" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_WestValleyCity495UTMember" xlink:label="hcp_WestValleyCity495UTMember" xlink:title="WestValleyCity495UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_WestValleyCity495UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_WestValleyCity495UTMember" use="optional" order="710" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_WestValleyCity349UTMember" xlink:label="hcp_WestValleyCity349UTMember" xlink:title="WestValleyCity349UTMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_WestValleyCity349UTMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_WestValleyCity349UTMember" use="optional" order="711" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Fairfax1208VAMember" xlink:label="hcp_Fairfax1208VAMember" xlink:title="Fairfax1208VAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Fairfax1208VAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Fairfax1208VAMember" use="optional" order="712" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Reston572VAMember" xlink:label="hcp_Reston572VAMember" xlink:title="Reston572VAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Reston572VAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Reston572VAMember" use="optional" order="713" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Renton448WAMember" xlink:label="hcp_Renton448WAMember" xlink:title="Renton448WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Renton448WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Renton448WAMember" use="optional" order="714" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Seattle781WAMember" xlink:label="hcp_Seattle781WAMember" xlink:title="Seattle781WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Seattle781WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Seattle781WAMember" use="optional" order="715" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Seattle782WAMember" xlink:label="hcp_Seattle782WAMember" xlink:title="Seattle782WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Seattle782WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Seattle782WAMember" use="optional" order="716" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Seattle783WAMember" xlink:label="hcp_Seattle783WAMember" xlink:title="Seattle783WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Seattle783WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Seattle783WAMember" use="optional" order="717" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Seattle785WAMember" xlink:label="hcp_Seattle785WAMember" xlink:title="Seattle785WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Seattle785WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Seattle785WAMember" use="optional" order="718" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Seattle1385WAMember" xlink:label="hcp_Seattle1385WAMember" xlink:title="Seattle1385WAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Seattle1385WAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Seattle1385WAMember" use="optional" order="719" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Evanston2038WYMember" xlink:label="hcp_Evanston2038WYMember" xlink:title="Evanston2038WYMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Evanston2038WYMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Evanston2038WYMember" use="optional" order="720" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Coyoacan884DFMember" xlink:label="hcp_Coyoacan884DFMember" xlink:title="Coyoacan884DFMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Coyoacan884DFMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Coyoacan884DFMember" use="optional" order="721" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Sherwood126ARMember" xlink:label="hcp_Sherwood126ARMember" xlink:title="Sherwood126ARMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Sherwood126ARMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Sherwood126ARMember" use="optional" order="722" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Glendale113AZMember" xlink:label="hcp_Glendale113AZMember" xlink:title="Glendale113AZMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Glendale113AZMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Glendale113AZMember" use="optional" order="723" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Fresno1038CAMember" xlink:label="hcp_Fresno1038CAMember" xlink:title="Fresno1038CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Fresno1038CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Fresno1038CAMember" use="optional" order="724" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Irvine423CAMember" xlink:label="hcp_Irvine423CAMember" xlink:title="Irvine423CAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Irvine423CAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Irvine423CAMember" use="optional" order="725" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ColoradoSprings127COMember" xlink:label="hcp_ColoradoSprings127COMember" xlink:title="ColoradoSprings127COMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_ColoradoSprings127COMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_ColoradoSprings127COMember" use="optional" order="726" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Atlanta887GAMember" xlink:label="hcp_Atlanta887GAMember" xlink:title="Atlanta887GAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Atlanta887GAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Atlanta887GAMember" use="optional" order="727" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_OverlandPark112KSMember" xlink:label="hcp_OverlandPark112KSMember" xlink:title="OverlandPark112KSMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_OverlandPark112KSMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_OverlandPark112KSMember" use="optional" order="728" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BatonRouge1383LAMember" xlink:label="hcp_BatonRouge1383LAMember" xlink:title="BatonRouge1383LAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_BatonRouge1383LAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_BatonRouge1383LAMember" use="optional" order="729" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Slidell877LAMember" xlink:label="hcp_Slidell877LAMember" xlink:title="Slidell877LAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Slidell877LAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Slidell877LAMember" use="optional" order="730" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Slidell2031LAMember" xlink:label="hcp_Slidell2031LAMember" xlink:title="Slidell2031LAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Slidell2031LAMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Slidell2031LAMember" use="optional" order="731" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Dallas886TXMember" xlink:label="hcp_Dallas886TXMember" xlink:title="Dallas886TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Dallas886TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Dallas886TXMember" use="optional" order="732" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Dallas1319TXMember" xlink:label="hcp_Dallas1319TXMember" xlink:title="Dallas1319TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Dallas1319TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Dallas1319TXMember" use="optional" order="733" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Plano1384TXMember" xlink:label="hcp_Plano1384TXMember" xlink:title="Plano1384TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Plano1384TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Plano1384TXMember" use="optional" order="734" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_Webster2198TXMember" xlink:label="hcp_Webster2198TXMember" xlink:title="Webster2198TXMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="hcp_Webster2198TXMember" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain to hcp_Webster2198TXMember" use="optional" order="735" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureNetInvestmentInDirectFinancingLeasesDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RangeAxis" xlink:label="us-gaap_RangeAxis" xlink:title="RangeAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RangeMember" xlink:label="us-gaap_RangeMember" xlink:title="RangeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RangeAxis" xlink:to="us-gaap_RangeMember" xlink:title="Presentation : us-gaap_RangeAxis to us-gaap_RangeMember" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MinimumMember" xlink:label="us-gaap_MinimumMember" xlink:title="MinimumMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RangeMember" xlink:to="us-gaap_MinimumMember" xlink:title="Presentation : us-gaap_RangeMember to us-gaap_MinimumMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:title="ScheduleOfBusinessAcquisitionsByAcquisitionTable" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="us-gaap_BusinessAcquisitionAxis" xlink:title="BusinessAcquisitionAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_BusinessAcquisitionAxis" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_BusinessAcquisitionAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:title="BusinessAcquisitionAcquireeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAxis" xlink:to="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:title="Presentation : us-gaap_BusinessAcquisitionAxis to us-gaap_BusinessAcquisitionAcquireeDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HCRManorCareIncMember" xlink:label="hcp_HCRManorCareIncMember" xlink:title="HCRManorCareIncMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:to="hcp_HCRManorCareIncMember" xlink:title="Presentation : us-gaap_BusinessAcquisitionAcquireeDomain to hcp_HCRManorCareIncMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="us-gaap_BusinessAcquisitionLineItems" xlink:title="BusinessAcquisitionLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceived" xlink:label="us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceived" xlink:title="CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceived" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceived" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceived" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis" xlink:title="StatementBusinessSegmentsAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentDomain" xlink:label="us-gaap_SegmentDomain" xlink:title="SegmentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_SegmentDomain" xlink:title="Presentation : us-gaap_StatementBusinessSegmentsAxis to us-gaap_SegmentDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeniorHousingMember" xlink:label="hcp_SeniorHousingMember" xlink:title="SeniorHousingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_SeniorHousingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_SeniorHousingMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InternalCreditAssessmentAxis" xlink:label="us-gaap_InternalCreditAssessmentAxis" xlink:title="InternalCreditAssessmentAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InternalCreditAssessmentDomain" xlink:label="us-gaap_InternalCreditAssessmentDomain" xlink:title="InternalCreditAssessmentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_InternalCreditAssessmentAxis" xlink:to="us-gaap_InternalCreditAssessmentDomain" xlink:title="Presentation : us-gaap_InternalCreditAssessmentAxis to us-gaap_InternalCreditAssessmentDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PerformingFinancingReceivableMember" xlink:label="us-gaap_PerformingFinancingReceivableMember" xlink:title="PerformingFinancingReceivableMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_InternalCreditAssessmentDomain" xlink:to="us-gaap_PerformingFinancingReceivableMember" xlink:title="Presentation : us-gaap_InternalCreditAssessmentDomain to us-gaap_PerformingFinancingReceivableMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentAxis" xlink:label="invest_InvestmentAxis" xlink:title="InvestmentAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="invest_InvestmentDomain" xlink:title="InvestmentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="invest_InvestmentAxis" xlink:to="invest_InvestmentDomain" xlink:title="Presentation : invest_InvestmentAxis to invest_InvestmentDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DFLPortfolioMember" xlink:label="hcp_DFLPortfolioMember" xlink:title="DFLPortfolioMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="invest_InvestmentDomain" xlink:to="hcp_DFLPortfolioMember" xlink:title="Presentation : invest_InvestmentDomain to hcp_DFLPortfolioMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LeasesCapitalAbstract" xlink:label="us-gaap_LeasesCapitalAbstract" xlink:title="LeasesCapitalAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LeasesCapitalAbstract" xlink:to="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:title="Presentation : us-gaap_LeasesCapitalAbstract to us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MaximumMember" xlink:label="us-gaap_MaximumMember" xlink:title="MaximumMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RangeMember" xlink:to="us-gaap_MaximumMember" xlink:title="Presentation : us-gaap_RangeMember to us-gaap_MaximumMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue" xlink:label="us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue" xlink:title="OperatingLeasesIncomeStatementMinimumLeaseRevenue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_StatementBusinessSegmentsAxis" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_StatementBusinessSegmentsAxis" use="optional" order="2" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PostAcuteAndSkilledNursingMember" xlink:label="hcp_PostAcuteAndSkilledNursingMember" xlink:title="PostAcuteAndSkilledNursingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_PostAcuteAndSkilledNursingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_PostAcuteAndSkilledNursingMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_WatchListFinancingReceivableMember" xlink:label="hcp_WatchListFinancingReceivableMember" xlink:title="WatchListFinancingReceivableMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_InternalCreditAssessmentDomain" xlink:to="hcp_WatchListFinancingReceivableMember" xlink:title="Presentation : us-gaap_InternalCreditAssessmentDomain to hcp_WatchListFinancingReceivableMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MinimumLeaseRevenueRateOfIncreasePerYearSpecifiedTerm" xlink:label="hcp_MinimumLeaseRevenueRateOfIncreasePerYearSpecifiedTerm" xlink:title="MinimumLeaseRevenueRateOfIncreasePerYearSpecifiedTerm" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_MinimumLeaseRevenueRateOfIncreasePerYearSpecifiedTerm" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_MinimumLeaseRevenueRateOfIncreasePerYearSpecifiedTerm" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HospitalMember" xlink:label="hcp_HospitalMember" xlink:title="HospitalMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_HospitalMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_HospitalMember" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_InternalCreditAssessmentAxis" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_InternalCreditAssessmentAxis" use="optional" order="3" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MinimumLeaseRevenueRateOfIncreaseSpecifiedTerm" xlink:label="hcp_MinimumLeaseRevenueRateOfIncreaseSpecifiedTerm" xlink:title="MinimumLeaseRevenueRateOfIncreaseSpecifiedTerm" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_MinimumLeaseRevenueRateOfIncreaseSpecifiedTerm" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_MinimumLeaseRevenueRateOfIncreaseSpecifiedTerm" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="invest_InvestmentAxis" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to invest_InvestmentAxis" use="optional" order="4" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MinimumLeaseRevenueRateOfIncreasePerYearForRemainingYearsOfLeaseTerm" xlink:label="hcp_MinimumLeaseRevenueRateOfIncreasePerYearForRemainingYearsOfLeaseTerm" xlink:title="MinimumLeaseRevenueRateOfIncreasePerYearForRemainingYearsOfLeaseTerm" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_MinimumLeaseRevenueRateOfIncreasePerYearForRemainingYearsOfLeaseTerm" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_MinimumLeaseRevenueRateOfIncreasePerYearForRemainingYearsOfLeaseTerm" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CounterpartyNameAxis" xlink:label="us-gaap_CounterpartyNameAxis" xlink:title="CounterpartyNameAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_CounterpartyNameAxis" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_CounterpartyNameAxis" use="optional" order="5" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfAssetPools" xlink:label="hcp_NumberOfAssetPools" xlink:title="NumberOfAssetPools" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_NumberOfAssetPools" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_NumberOfAssetPools" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_RangeAxis" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_RangeAxis" use="optional" order="6" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_BusinessAcquisitionLineItems" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_BusinessAcquisitionLineItems" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MinimumLeaseRevenueRateOfIncreaseInRentReceivableForFirstYearOfExtensionOption" xlink:label="hcp_MinimumLeaseRevenueRateOfIncreaseInRentReceivableForFirstYearOfExtensionOption" xlink:title="MinimumLeaseRevenueRateOfIncreaseInRentReceivableForFirstYearOfExtensionOption" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_MinimumLeaseRevenueRateOfIncreaseInRentReceivableForFirstYearOfExtensionOption" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_MinimumLeaseRevenueRateOfIncreaseInRentReceivableForFirstYearOfExtensionOption" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AssetPoolsTotalAvailableTerm" xlink:label="hcp_AssetPoolsTotalAvailableTerm" xlink:title="AssetPoolsTotalAvailableTerm" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_AssetPoolsTotalAvailableTerm" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_AssetPoolsTotalAvailableTerm" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesUnguaranteedResidualValuesOfLeasedProperty" xlink:label="us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesUnguaranteedResidualValuesOfLeasedProperty" xlink:title="CapitalLeasesNetInvestmentInDirectFinancingLeasesUnguaranteedResidualValuesOfLeasedProperty" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesUnguaranteedResidualValuesOfLeasedProperty" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesUnguaranteedResidualValuesOfLeasedProperty" use="optional" order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesDeferredIncome" xlink:label="us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesDeferredIncome" xlink:title="CapitalLeasesNetInvestmentInDirectFinancingLeasesDeferredIncome" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesDeferredIncome" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesDeferredIncome" use="optional" order="10" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NetInvestmentInDirectFinancingAndSalesTypeLeases" xlink:label="us-gaap_NetInvestmentInDirectFinancingAndSalesTypeLeases" xlink:title="NetInvestmentInDirectFinancingAndSalesTypeLeases" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_NetInvestmentInDirectFinancingAndSalesTypeLeases" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_NetInvestmentInDirectFinancingAndSalesTypeLeases" use="optional" order="11" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NetInvestmentInDirectFinancingAndSalesTypeLeasesAsPercentage" xlink:label="hcp_NetInvestmentInDirectFinancingAndSalesTypeLeasesAsPercentage" xlink:title="NetInvestmentInDirectFinancingAndSalesTypeLeasesAsPercentage" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_NetInvestmentInDirectFinancingAndSalesTypeLeasesAsPercentage" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_NetInvestmentInDirectFinancingAndSalesTypeLeasesAsPercentage" use="optional" order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PropertiesWithDirectFinancingLeasesNumber" xlink:label="hcp_PropertiesWithDirectFinancingLeasesNumber" xlink:title="PropertiesWithDirectFinancingLeasesNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_PropertiesWithDirectFinancingLeasesNumber" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_PropertiesWithDirectFinancingLeasesNumber" use="optional" order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CapitalLeasesIncomeStatementDirectFinancingLeaseRevenue" xlink:label="us-gaap_CapitalLeasesIncomeStatementDirectFinancingLeaseRevenue" xlink:title="CapitalLeasesIncomeStatementDirectFinancingLeaseRevenue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_CapitalLeasesIncomeStatementDirectFinancingLeaseRevenue" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_CapitalLeasesIncomeStatementDirectFinancingLeaseRevenue" use="optional" order="14" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CapitalLeasesProceedsFromDirectFinancingLeaseRevenue" xlink:label="hcp_CapitalLeasesProceedsFromDirectFinancingLeaseRevenue" xlink:title="CapitalLeasesProceedsFromDirectFinancingLeaseRevenue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_CapitalLeasesProceedsFromDirectFinancingLeaseRevenue" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_CapitalLeasesProceedsFromDirectFinancingLeaseRevenue" use="optional" order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfLeases" xlink:label="hcp_NumberOfLeases" xlink:title="NumberOfLeases" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_NumberOfLeases" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_NumberOfLeases" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:label="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:title="RepurchaseAgreementCounterpartyNameDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CounterpartyNameAxis" xlink:to="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:title="Presentation : us-gaap_CounterpartyNameAxis to us-gaap_RepurchaseAgreementCounterpartyNameDomain" use="optional" order="8000" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_TenetHealthcareCorporationMember" xlink:label="hcp_TenetHealthcareCorporationMember" xlink:title="TenetHealthcareCorporationMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:to="hcp_TenetHealthcareCorporationMember" xlink:title="Presentation : us-gaap_RepurchaseAgreementCounterpartyNameDomain to hcp_TenetHealthcareCorporationMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DepositToBeRetainedAsPartOfSettlementAgreement" xlink:label="hcp_DepositToBeRetainedAsPartOfSettlementAgreement" xlink:title="DepositToBeRetainedAsPartOfSettlementAgreement" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LeasesCapitalAbstract" xlink:to="hcp_DepositToBeRetainedAsPartOfSettlementAgreement" xlink:title="Presentation : us-gaap_LeasesCapitalAbstract to hcp_DepositToBeRetainedAsPartOfSettlementAgreement" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableAbstract" xlink:label="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableAbstract" xlink:title="CapitalLeasesFutureMinimumPaymentsReceivableAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableCurrent" xlink:label="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableCurrent" xlink:title="CapitalLeasesFutureMinimumPaymentsReceivableCurrent" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableAbstract" xlink:to="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableCurrent" xlink:title="Presentation : us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableAbstract to us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableCurrent" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RealEstateLeaseTerm" xlink:label="hcp_RealEstateLeaseTerm" xlink:title="RealEstateLeaseTerm" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_RealEstateLeaseTerm" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_RealEstateLeaseTerm" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AdditionalDepositToBeReceivedAsPartOfSettlementAgreement" xlink:label="hcp_AdditionalDepositToBeReceivedAsPartOfSettlementAgreement" xlink:title="AdditionalDepositToBeReceivedAsPartOfSettlementAgreement" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LeasesCapitalAbstract" xlink:to="hcp_AdditionalDepositToBeReceivedAsPartOfSettlementAgreement" xlink:title="Presentation : us-gaap_LeasesCapitalAbstract to hcp_AdditionalDepositToBeReceivedAsPartOfSettlementAgreement" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:label="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:title="CapitalLeasesFutureMinimumPaymentsReceivableInTwoYears" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableAbstract" xlink:to="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:title="Presentation : us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableAbstract to us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInTwoYears" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ImpairmentRecoveries" xlink:label="hcp_ImpairmentRecoveries" xlink:title="ImpairmentRecoveries" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LeasesCapitalAbstract" xlink:to="hcp_ImpairmentRecoveries" xlink:title="Presentation : us-gaap_LeasesCapitalAbstract to hcp_ImpairmentRecoveries" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:label="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:title="CapitalLeasesFutureMinimumPaymentsReceivableInThreeYears" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableAbstract" xlink:to="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:title="Presentation : us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableAbstract to us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInThreeYears" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ImpairmentOfLeasehold" xlink:label="us-gaap_ImpairmentOfLeasehold" xlink:title="ImpairmentOfLeasehold" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LeasesCapitalAbstract" xlink:to="us-gaap_ImpairmentOfLeasehold" xlink:title="Presentation : us-gaap_LeasesCapitalAbstract to us-gaap_ImpairmentOfLeasehold" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:label="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:title="CapitalLeasesFutureMinimumPaymentsReceivableInFourYears" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableAbstract" xlink:to="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:title="Presentation : us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableAbstract to us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFourYears" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LeasesCapitalAbstract" xlink:to="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableAbstract" xlink:title="Presentation : us-gaap_LeasesCapitalAbstract to us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableAbstract" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:label="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:title="CapitalLeasesFutureMinimumPaymentsReceivableInFiveYears" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableAbstract" xlink:to="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:title="Presentation : us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableAbstract to us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFiveYears" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableDueThereafter" xlink:label="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableDueThereafter" xlink:title="CapitalLeasesFutureMinimumPaymentsReceivableDueThereafter" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableAbstract" xlink:to="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableDueThereafter" xlink:title="Presentation : us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableAbstract to us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableDueThereafter" use="optional" order="8005" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsReceivable" xlink:label="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivable" xlink:title="CapitalLeasesFutureMinimumPaymentsReceivable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableAbstract" xlink:to="us-gaap_CapitalLeasesFutureMinimumPaymentsReceivable" xlink:title="Presentation : us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableAbstract to us-gaap_CapitalLeasesFutureMinimumPaymentsReceivable" use="optional" order="8006" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureCommitmentsAndContingenciesDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:label="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:title="RepurchaseAgreementCounterpartyNameDomain" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HCRManorCareIncMember" xlink:label="hcp_HCRManorCareIncMember" xlink:title="HCRManorCareIncMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:to="hcp_HCRManorCareIncMember" xlink:title="Presentation : us-gaap_RepurchaseAgreementCounterpartyNameDomain to hcp_HCRManorCareIncMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CounterpartyNameAxis" xlink:label="us-gaap_CounterpartyNameAxis" xlink:title="CounterpartyNameAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CounterpartyNameAxis" xlink:to="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:title="Presentation : us-gaap_CounterpartyNameAxis to us-gaap_RepurchaseAgreementCounterpartyNameDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis" xlink:title="StatementBusinessSegmentsAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentDomain" xlink:label="us-gaap_SegmentDomain" xlink:title="SegmentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_SegmentDomain" xlink:title="Presentation : us-gaap_StatementBusinessSegmentsAxis to us-gaap_SegmentDomain" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeniorHousingMember" xlink:label="hcp_SeniorHousingMember" xlink:title="SeniorHousingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_SeniorHousingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_SeniorHousingMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:title="CommitmentsAndContingenciesDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ConcentrationRiskTable" xlink:label="us-gaap_ConcentrationRiskTable" xlink:title="ConcentrationRiskTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="us-gaap_ConcentrationRiskTable" xlink:title="Presentation : us-gaap_CommitmentsAndContingenciesDisclosureAbstract to us-gaap_ConcentrationRiskTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ConcentrationRiskByTypeAxis" xlink:label="us-gaap_ConcentrationRiskByTypeAxis" xlink:title="ConcentrationRiskByTypeAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ConcentrationRiskTypeDomain" xlink:label="us-gaap_ConcentrationRiskTypeDomain" xlink:title="ConcentrationRiskTypeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskByTypeAxis" xlink:to="us-gaap_ConcentrationRiskTypeDomain" xlink:title="Presentation : us-gaap_ConcentrationRiskByTypeAxis to us-gaap_ConcentrationRiskTypeDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_OperatorsMember" xlink:label="hcp_OperatorsMember" xlink:title="OperatorsMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskTypeDomain" xlink:to="hcp_OperatorsMember" xlink:title="Presentation : us-gaap_ConcentrationRiskTypeDomain to hcp_OperatorsMember" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ConcentrationRiskLineItems" xlink:label="us-gaap_ConcentrationRiskLineItems" xlink:title="ConcentrationRiskLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ConcentrationRiskPercentage1" xlink:label="us-gaap_ConcentrationRiskPercentage1" xlink:title="ConcentrationRiskPercentage1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="us-gaap_ConcentrationRiskPercentage1" xlink:title="Presentation : us-gaap_ConcentrationRiskLineItems to us-gaap_ConcentrationRiskPercentage1" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CondensedFinancialStatementsAbstract" xlink:label="hcp_CondensedFinancialStatementsAbstract" xlink:title="CondensedFinancialStatementsAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CondensedFinancialInformationBalanceSheetsAbstract" xlink:label="hcp_CondensedFinancialInformationBalanceSheetsAbstract" xlink:title="CondensedFinancialInformationBalanceSheetsAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CondensedFinancialStatementsAbstract" xlink:to="hcp_CondensedFinancialInformationBalanceSheetsAbstract" xlink:title="Presentation : hcp_CondensedFinancialStatementsAbstract to hcp_CondensedFinancialInformationBalanceSheetsAbstract" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNet" xlink:label="us-gaap_RealEstateInvestmentPropertyNet" xlink:title="RealEstateInvestmentPropertyNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CondensedFinancialInformationBalanceSheetsAbstract" xlink:to="us-gaap_RealEstateInvestmentPropertyNet" xlink:title="Presentation : hcp_CondensedFinancialInformationBalanceSheetsAbstract to us-gaap_RealEstateInvestmentPropertyNet" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CondensedFinancialInformationIncomeStatementAbstract" xlink:label="hcp_CondensedFinancialInformationIncomeStatementAbstract" xlink:title="CondensedFinancialInformationIncomeStatementAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_Revenues" xlink:label="us-gaap_Revenues" xlink:title="Revenues" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CondensedFinancialInformationIncomeStatementAbstract" xlink:to="us-gaap_Revenues" xlink:title="Presentation : hcp_CondensedFinancialInformationIncomeStatementAbstract to us-gaap_Revenues" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ConcentrationRiskByBenchmarkAxis" xlink:label="us-gaap_ConcentrationRiskByBenchmarkAxis" xlink:title="ConcentrationRiskByBenchmarkAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskTable" xlink:to="us-gaap_ConcentrationRiskByBenchmarkAxis" xlink:title="Presentation : us-gaap_ConcentrationRiskTable to us-gaap_ConcentrationRiskByBenchmarkAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ConcentrationRiskBenchmarkDomain" xlink:label="us-gaap_ConcentrationRiskBenchmarkDomain" xlink:title="ConcentrationRiskBenchmarkDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskByBenchmarkAxis" xlink:to="us-gaap_ConcentrationRiskBenchmarkDomain" xlink:title="Presentation : us-gaap_ConcentrationRiskByBenchmarkAxis to us-gaap_ConcentrationRiskBenchmarkDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AssetsTotalMember" xlink:label="us-gaap_AssetsTotalMember" xlink:title="AssetsTotalMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskBenchmarkDomain" xlink:to="us-gaap_AssetsTotalMember" xlink:title="Presentation : us-gaap_ConcentrationRiskBenchmarkDomain to us-gaap_AssetsTotalMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CreditEnhancementGuaranteeAbstract" xlink:label="hcp_CreditEnhancementGuaranteeAbstract" xlink:title="CreditEnhancementGuaranteeAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ThirdPartyDebtCollateralizedByFacilitiesDebtAmount" xlink:label="hcp_ThirdPartyDebtCollateralizedByFacilitiesDebtAmount" xlink:title="ThirdPartyDebtCollateralizedByFacilitiesDebtAmount" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CreditEnhancementGuaranteeAbstract" xlink:to="hcp_ThirdPartyDebtCollateralizedByFacilitiesDebtAmount" xlink:title="Presentation : hcp_CreditEnhancementGuaranteeAbstract to hcp_ThirdPartyDebtCollateralizedByFacilitiesDebtAmount" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BrookdaleMember" xlink:label="hcp_BrookdaleMember" xlink:title="BrookdaleMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:to="hcp_BrookdaleMember" xlink:title="Presentation : us-gaap_RepurchaseAgreementCounterpartyNameDomain to hcp_BrookdaleMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PostAcuteAndSkilledNursingMember" xlink:label="hcp_PostAcuteAndSkilledNursingMember" xlink:title="PostAcuteAndSkilledNursingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_PostAcuteAndSkilledNursingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_PostAcuteAndSkilledNursingMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskTable" xlink:to="us-gaap_ConcentrationRiskByTypeAxis" xlink:title="Presentation : us-gaap_ConcentrationRiskTable to us-gaap_ConcentrationRiskByTypeAxis" use="optional" order="2" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfUnconsolidatedJointVenture" xlink:label="hcp_NumberOfUnconsolidatedJointVenture" xlink:title="NumberOfUnconsolidatedJointVenture" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="hcp_NumberOfUnconsolidatedJointVenture" xlink:title="Presentation : us-gaap_ConcentrationRiskLineItems to hcp_NumberOfUnconsolidatedJointVenture" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:title="CashAndCashEquivalentsAtCarryingValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CondensedFinancialInformationBalanceSheetsAbstract" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:title="Presentation : hcp_CondensedFinancialInformationBalanceSheetsAbstract to us-gaap_CashAndCashEquivalentsAtCarryingValue" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CondensedFinancialStatementsAbstract" xlink:to="hcp_CondensedFinancialInformationIncomeStatementAbstract" xlink:title="Presentation : hcp_CondensedFinancialStatementsAbstract to hcp_CondensedFinancialInformationIncomeStatementAbstract" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingExpenses" xlink:label="us-gaap_OperatingExpenses" xlink:title="OperatingExpenses" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CondensedFinancialInformationIncomeStatementAbstract" xlink:to="us-gaap_OperatingExpenses" xlink:title="Presentation : hcp_CondensedFinancialInformationIncomeStatementAbstract to us-gaap_OperatingExpenses" use="optional" order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SalesRevenuesMember" xlink:label="hcp_SalesRevenuesMember" xlink:title="SalesRevenuesMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskBenchmarkDomain" xlink:to="hcp_SalesRevenuesMember" xlink:title="Presentation : us-gaap_ConcentrationRiskBenchmarkDomain to hcp_SalesRevenuesMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="hcp_CreditEnhancementGuaranteeAbstract" xlink:title="Presentation : us-gaap_CommitmentsAndContingenciesDisclosureAbstract to hcp_CreditEnhancementGuaranteeAbstract" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ThirdPartyDebtCollateralizedByFacilitiesAssetCarryingAmount" xlink:label="hcp_ThirdPartyDebtCollateralizedByFacilitiesAssetCarryingAmount" xlink:title="ThirdPartyDebtCollateralizedByFacilitiesAssetCarryingAmount" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CreditEnhancementGuaranteeAbstract" xlink:to="hcp_ThirdPartyDebtCollateralizedByFacilitiesAssetCarryingAmount" xlink:title="Presentation : hcp_CreditEnhancementGuaranteeAbstract to hcp_ThirdPartyDebtCollateralizedByFacilitiesAssetCarryingAmount" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SunriseMember" xlink:label="hcp_SunriseMember" xlink:title="SunriseMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:to="hcp_SunriseMember" xlink:title="Presentation : us-gaap_RepurchaseAgreementCounterpartyNameDomain to hcp_SunriseMember" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskTable" xlink:to="us-gaap_StatementBusinessSegmentsAxis" xlink:title="Presentation : us-gaap_ConcentrationRiskTable to us-gaap_StatementBusinessSegmentsAxis" use="optional" order="3" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="hcp_CondensedFinancialStatementsAbstract" xlink:title="Presentation : us-gaap_ConcentrationRiskLineItems to hcp_CondensedFinancialStatementsAbstract" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherAssets" xlink:label="us-gaap_OtherAssets" xlink:title="OtherAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CondensedFinancialInformationBalanceSheetsAbstract" xlink:to="us-gaap_OtherAssets" xlink:title="Presentation : hcp_CondensedFinancialInformationBalanceSheetsAbstract to us-gaap_OtherAssets" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:label="us-gaap_DepreciationAndAmortization" xlink:title="DepreciationAndAmortization" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CondensedFinancialInformationIncomeStatementAbstract" xlink:to="us-gaap_DepreciationAndAmortization" xlink:title="Presentation : hcp_CondensedFinancialInformationIncomeStatementAbstract to us-gaap_DepreciationAndAmortization" use="optional" order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets" xlink:title="Assets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CondensedFinancialInformationBalanceSheetsAbstract" xlink:to="us-gaap_Assets" xlink:title="Presentation : hcp_CondensedFinancialInformationBalanceSheetsAbstract to us-gaap_Assets" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InterestExpense" xlink:label="us-gaap_InterestExpense" xlink:title="InterestExpense" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CondensedFinancialInformationIncomeStatementAbstract" xlink:to="us-gaap_InterestExpense" xlink:title="Presentation : hcp_CondensedFinancialInformationIncomeStatementAbstract to us-gaap_InterestExpense" use="optional" order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskTable" xlink:to="us-gaap_CounterpartyNameAxis" xlink:title="Presentation : us-gaap_ConcentrationRiskTable to us-gaap_CounterpartyNameAxis" use="optional" order="4" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NonoperatingIncomeExpense" xlink:label="us-gaap_NonoperatingIncomeExpense" xlink:title="NonoperatingIncomeExpense" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CondensedFinancialInformationIncomeStatementAbstract" xlink:to="us-gaap_NonoperatingIncomeExpense" xlink:title="Presentation : hcp_CondensedFinancialInformationIncomeStatementAbstract to us-gaap_NonoperatingIncomeExpense" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtAndCapitalLeaseObligations" xlink:label="us-gaap_DebtAndCapitalLeaseObligations" xlink:title="DebtAndCapitalLeaseObligations" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CondensedFinancialInformationBalanceSheetsAbstract" xlink:to="us-gaap_DebtAndCapitalLeaseObligations" xlink:title="Presentation : hcp_CondensedFinancialInformationBalanceSheetsAbstract to us-gaap_DebtAndCapitalLeaseObligations" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementGeographicalAxis" xlink:label="us-gaap_StatementGeographicalAxis" xlink:title="StatementGeographicalAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskTable" xlink:to="us-gaap_StatementGeographicalAxis" xlink:title="Presentation : us-gaap_ConcentrationRiskTable to us-gaap_StatementGeographicalAxis" use="optional" order="5" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskTable" xlink:to="us-gaap_ConcentrationRiskLineItems" xlink:title="Presentation : us-gaap_ConcentrationRiskTable to us-gaap_ConcentrationRiskLineItems" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:title="AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CondensedFinancialInformationBalanceSheetsAbstract" xlink:to="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:title="Presentation : hcp_CondensedFinancialInformationBalanceSheetsAbstract to us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:title="IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CondensedFinancialInformationIncomeStatementAbstract" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:title="Presentation : hcp_CondensedFinancialInformationIncomeStatementAbstract to us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:title="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CondensedFinancialInformationBalanceSheetsAbstract" xlink:to="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:title="Presentation : hcp_CondensedFinancialInformationBalanceSheetsAbstract to us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="us-gaap_IncomeTaxExpenseBenefit" xlink:title="IncomeTaxExpenseBenefit" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CondensedFinancialInformationIncomeStatementAbstract" xlink:to="us-gaap_IncomeTaxExpenseBenefit" xlink:title="Presentation : hcp_CondensedFinancialInformationIncomeStatementAbstract to us-gaap_IncomeTaxExpenseBenefit" use="optional" order="7" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity" xlink:title="LiabilitiesAndStockholdersEquity" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CondensedFinancialInformationBalanceSheetsAbstract" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity" xlink:title="Presentation : hcp_CondensedFinancialInformationBalanceSheetsAbstract to us-gaap_LiabilitiesAndStockholdersEquity" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:label="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:title="IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CondensedFinancialInformationIncomeStatementAbstract" xlink:to="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:title="Presentation : hcp_CondensedFinancialInformationIncomeStatementAbstract to us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:title="IncomeLossFromDiscontinuedOperationsNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CondensedFinancialInformationIncomeStatementAbstract" xlink:to="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:title="Presentation : hcp_CondensedFinancialInformationIncomeStatementAbstract to us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" use="optional" order="9" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProfitLoss" xlink:label="us-gaap_ProfitLoss" xlink:title="ProfitLoss" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CondensedFinancialInformationIncomeStatementAbstract" xlink:to="us-gaap_ProfitLoss" xlink:title="Presentation : hcp_CondensedFinancialInformationIncomeStatementAbstract to us-gaap_ProfitLoss" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EmeritusMember" xlink:label="hcp_EmeritusMember" xlink:title="EmeritusMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:to="hcp_EmeritusMember" xlink:title="Presentation : us-gaap_RepurchaseAgreementCounterpartyNameDomain to hcp_EmeritusMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ConcentrationRiskAssetsExcluded" xlink:label="hcp_ConcentrationRiskAssetsExcluded" xlink:title="ConcentrationRiskAssetsExcluded" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="hcp_ConcentrationRiskAssetsExcluded" xlink:title="Presentation : us-gaap_ConcentrationRiskLineItems to hcp_ConcentrationRiskAssetsExcluded" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="us-gaap_SegmentGeographicalDomain" xlink:title="SegmentGeographicalDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementGeographicalAxis" xlink:to="us-gaap_SegmentGeographicalDomain" xlink:title="Presentation : us-gaap_StatementGeographicalAxis to us-gaap_SegmentGeographicalDomain" use="optional" order="8000" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_CA" xlink:label="stpr_CA" xlink:title="CA" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentGeographicalDomain" xlink:to="stpr_CA" xlink:title="Presentation : us-gaap_SegmentGeographicalDomain to stpr_CA" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ConcentrationRiskRevenueExcluded" xlink:label="hcp_ConcentrationRiskRevenueExcluded" xlink:title="ConcentrationRiskRevenueExcluded" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="hcp_ConcentrationRiskRevenueExcluded" xlink:title="Presentation : us-gaap_ConcentrationRiskLineItems to hcp_ConcentrationRiskRevenueExcluded" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_TX" xlink:label="stpr_TX" xlink:title="TX" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentGeographicalDomain" xlink:to="stpr_TX" xlink:title="Presentation : us-gaap_SegmentGeographicalDomain to stpr_TX" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ConcentrationOfRiskOperatorAssetsAsPercentageOfSegmentAssets" xlink:label="hcp_ConcentrationOfRiskOperatorAssetsAsPercentageOfSegmentAssets" xlink:title="ConcentrationOfRiskOperatorAssetsAsPercentageOfSegmentAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="hcp_ConcentrationOfRiskOperatorAssetsAsPercentageOfSegmentAssets" xlink:title="Presentation : us-gaap_ConcentrationRiskLineItems to hcp_ConcentrationOfRiskOperatorAssetsAsPercentageOfSegmentAssets" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_FL" xlink:label="stpr_FL" xlink:title="FL" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentGeographicalDomain" xlink:to="stpr_FL" xlink:title="Presentation : us-gaap_SegmentGeographicalDomain to stpr_FL" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ConcentrationOfRiskOperatorAssetsAsPercentageOfTotalAssets" xlink:label="hcp_ConcentrationOfRiskOperatorAssetsAsPercentageOfTotalAssets" xlink:title="ConcentrationOfRiskOperatorAssetsAsPercentageOfTotalAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="hcp_ConcentrationOfRiskOperatorAssetsAsPercentageOfTotalAssets" xlink:title="Presentation : us-gaap_ConcentrationRiskLineItems to hcp_ConcentrationOfRiskOperatorAssetsAsPercentageOfTotalAssets" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ConcentrationOfRiskOperatorRevenuesAsPercentageOfSegmentRevenues" xlink:label="hcp_ConcentrationOfRiskOperatorRevenuesAsPercentageOfSegmentRevenues" xlink:title="ConcentrationOfRiskOperatorRevenuesAsPercentageOfSegmentRevenues" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="hcp_ConcentrationOfRiskOperatorRevenuesAsPercentageOfSegmentRevenues" xlink:title="Presentation : us-gaap_ConcentrationRiskLineItems to hcp_ConcentrationOfRiskOperatorRevenuesAsPercentageOfSegmentRevenues" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ConcentrationOfRiskOperatorsRevenuesAsPercentageOfTotalRevenues" xlink:label="hcp_ConcentrationOfRiskOperatorsRevenuesAsPercentageOfTotalRevenues" xlink:title="ConcentrationOfRiskOperatorsRevenuesAsPercentageOfTotalRevenues" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="hcp_ConcentrationOfRiskOperatorsRevenuesAsPercentageOfTotalRevenues" xlink:title="Presentation : us-gaap_ConcentrationRiskLineItems to hcp_ConcentrationOfRiskOperatorsRevenuesAsPercentageOfTotalRevenues" use="optional" order="8005" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureLoansReceivableDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AllowanceForLoanAndLeaseLossesRollForward" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesRollForward" xlink:title="AllowanceForLoanAndLeaseLossesRollForward" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LoansAndLeasesReceivableAllowance" xlink:label="us-gaap_LoansAndLeasesReceivableAllowance" xlink:title="LoansAndLeasesReceivableAllowance" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AllowanceForLoanAndLeaseLossesRollForward" xlink:to="us-gaap_LoansAndLeasesReceivableAllowance" xlink:title="Presentation : us-gaap_AllowanceForLoanAndLeaseLossesRollForward to us-gaap_LoansAndLeasesReceivableAllowance" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:title="AccountsNotesAndLoansReceivableLineItems" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LoansReceivableGrossCarryingAmountMezzanine" xlink:label="hcp_LoansReceivableGrossCarryingAmountMezzanine" xlink:title="LoansReceivableGrossCarryingAmountMezzanine" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="hcp_LoansReceivableGrossCarryingAmountMezzanine" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to hcp_LoansReceivableGrossCarryingAmountMezzanine" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RangeAxis" xlink:label="us-gaap_RangeAxis" xlink:title="RangeAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RangeMember" xlink:label="us-gaap_RangeMember" xlink:title="RangeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RangeAxis" xlink:to="us-gaap_RangeMember" xlink:title="Presentation : us-gaap_RangeAxis to us-gaap_RangeMember" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MaximumMember" xlink:label="us-gaap_MaximumMember" xlink:title="MaximumMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RangeMember" xlink:to="us-gaap_MaximumMember" xlink:title="Presentation : us-gaap_RangeMember to us-gaap_MaximumMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InternalCreditAssessmentAxis" xlink:label="us-gaap_InternalCreditAssessmentAxis" xlink:title="InternalCreditAssessmentAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InternalCreditAssessmentDomain" xlink:label="us-gaap_InternalCreditAssessmentDomain" xlink:title="InternalCreditAssessmentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_InternalCreditAssessmentAxis" xlink:to="us-gaap_InternalCreditAssessmentDomain" xlink:title="Presentation : us-gaap_InternalCreditAssessmentAxis to us-gaap_InternalCreditAssessmentDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PerformingFinancingReceivableMember" xlink:label="us-gaap_PerformingFinancingReceivableMember" xlink:title="PerformingFinancingReceivableMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_InternalCreditAssessmentDomain" xlink:to="us-gaap_PerformingFinancingReceivableMember" xlink:title="Presentation : us-gaap_InternalCreditAssessmentDomain to us-gaap_PerformingFinancingReceivableMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:title="AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="us-gaap_ReceivableTypeDomain" xlink:title="ReceivableTypeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:to="us-gaap_ReceivableTypeDomain" xlink:title="Presentation : us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis to us-gaap_ReceivableTypeDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MortgageReceivablesMember" xlink:label="us-gaap_MortgageReceivablesMember" xlink:title="MortgageReceivablesMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReceivableTypeDomain" xlink:to="us-gaap_MortgageReceivablesMember" xlink:title="Presentation : us-gaap_ReceivableTypeDomain to us-gaap_MortgageReceivablesMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_TandemHealthCareLoanMember" xlink:label="hcp_TandemHealthCareLoanMember" xlink:title="TandemHealthCareLoanMember" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_TandemHealthCareLoanFirstTrancheMember" xlink:label="hcp_TandemHealthCareLoanFirstTrancheMember" xlink:title="TandemHealthCareLoanFirstTrancheMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_TandemHealthCareLoanMember" xlink:to="hcp_TandemHealthCareLoanFirstTrancheMember" xlink:title="Presentation : hcp_TandemHealthCareLoanMember to hcp_TandemHealthCareLoanFirstTrancheMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:title="ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:to="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:title="Presentation : us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable to us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ReceivablesAbstract" xlink:label="us-gaap_ReceivablesAbstract" xlink:title="ReceivablesAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReceivablesAbstract" xlink:to="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:title="Presentation : us-gaap_ReceivablesAbstract to us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_OtherLoansReceivableSecuredMember" xlink:label="hcp_OtherLoansReceivableSecuredMember" xlink:title="OtherLoansReceivableSecuredMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_OtherLoansReceivableSecuredMember" xlink:to="hcp_TandemHealthCareLoanMember" xlink:title="Presentation : hcp_OtherLoansReceivableSecuredMember to hcp_TandemHealthCareLoanMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LoansAndLeasesReceivableAllowance" xlink:label="LoansAndLeasesReceivableAllowance_1" xlink:title="LoansAndLeasesReceivableAllowance_1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AllowanceForLoanAndLeaseLossesRollForward" xlink:to="LoansAndLeasesReceivableAllowance_1" xlink:title="Presentation : us-gaap_AllowanceForLoanAndLeaseLossesRollForward to us-gaap_LoansAndLeasesReceivableAllowance" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_WorkoutFinancingReceivableMember" xlink:label="hcp_WorkoutFinancingReceivableMember" xlink:title="WorkoutFinancingReceivableMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_InternalCreditAssessmentDomain" xlink:to="hcp_WorkoutFinancingReceivableMember" xlink:title="Presentation : us-gaap_InternalCreditAssessmentDomain to hcp_WorkoutFinancingReceivableMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReceivableTypeDomain" xlink:to="hcp_OtherLoansReceivableSecuredMember" xlink:title="Presentation : us-gaap_ReceivableTypeDomain to hcp_OtherLoansReceivableSecuredMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_TandemHealthCareLoanSecondTrancheMember" xlink:label="hcp_TandemHealthCareLoanSecondTrancheMember" xlink:title="TandemHealthCareLoanSecondTrancheMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_TandemHealthCareLoanMember" xlink:to="hcp_TandemHealthCareLoanSecondTrancheMember" xlink:title="Presentation : hcp_TandemHealthCareLoanMember to hcp_TandemHealthCareLoanSecondTrancheMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:to="us-gaap_RangeAxis" xlink:title="Presentation : us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable to us-gaap_RangeAxis" order="2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LoansAndLeasesReceivableGrossCarryingAmountOther" xlink:label="us-gaap_LoansAndLeasesReceivableGrossCarryingAmountOther" xlink:title="LoansAndLeasesReceivableGrossCarryingAmountOther" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="us-gaap_LoansAndLeasesReceivableGrossCarryingAmountOther" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to us-gaap_LoansAndLeasesReceivableGrossCarryingAmountOther" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DelphisOperationsLPSeniorSecuredTermLoanMember" xlink:label="hcp_DelphisOperationsLPSeniorSecuredTermLoanMember" xlink:title="DelphisOperationsLPSeniorSecuredTermLoanMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_OtherLoansReceivableSecuredMember" xlink:to="hcp_DelphisOperationsLPSeniorSecuredTermLoanMember" xlink:title="Presentation : hcp_OtherLoansReceivableSecuredMember to hcp_DelphisOperationsLPSeniorSecuredTermLoanMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:to="us-gaap_InternalCreditAssessmentAxis" xlink:title="Presentation : us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable to us-gaap_InternalCreditAssessmentAxis" use="optional" order="3" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums" xlink:label="us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums" xlink:title="UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BarchesterLoanMember" xlink:label="hcp_BarchesterLoanMember" xlink:title="BarchesterLoanMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_OtherLoansReceivableSecuredMember" xlink:to="hcp_BarchesterLoanMember" xlink:title="Presentation : hcp_OtherLoansReceivableSecuredMember to hcp_BarchesterLoanMember" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:to="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:title="Presentation : us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable to us-gaap_AccountsNotesAndLoansReceivableLineItems" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="us-gaap_LoansAndLeasesReceivableAllowance" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to us-gaap_LoansAndLeasesReceivableAllowance" use="optional" order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LoansAndLeasesReceivableNetReportedAmount" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmount" xlink:title="LoansAndLeasesReceivableNetReportedAmount" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="us-gaap_LoansAndLeasesReceivableNetReportedAmount" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to us-gaap_LoansAndLeasesReceivableNetReportedAmount" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LoansReceivableCommercialConstruction" xlink:label="us-gaap_LoansReceivableCommercialConstruction" xlink:title="LoansReceivableCommercialConstruction" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="us-gaap_LoansReceivableCommercialConstruction" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to us-gaap_LoansReceivableCommercialConstruction" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LoansAndLeasesReceivableCommitmentsFixedRates" xlink:label="us-gaap_LoansAndLeasesReceivableCommitmentsFixedRates" xlink:title="LoansAndLeasesReceivableCommitmentsFixedRates" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="us-gaap_LoansAndLeasesReceivableCommitmentsFixedRates" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to us-gaap_LoansAndLeasesReceivableCommitmentsFixedRates" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LoansAndLeasesReceivableAsPercentage" xlink:label="hcp_LoansAndLeasesReceivableAsPercentage" xlink:title="LoansAndLeasesReceivableAsPercentage" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="hcp_LoansAndLeasesReceivableAsPercentage" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to hcp_LoansAndLeasesReceivableAsPercentage" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LoanReceivablePurchasedFaceOrParValue" xlink:label="hcp_LoanReceivablePurchasedFaceOrParValue" xlink:title="LoanReceivablePurchasedFaceOrParValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="hcp_LoanReceivablePurchasedFaceOrParValue" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to hcp_LoanReceivablePurchasedFaceOrParValue" use="optional" order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LoanReceivablePurchasedDiscount" xlink:label="hcp_LoanReceivablePurchasedDiscount" xlink:title="LoanReceivablePurchasedDiscount" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="hcp_LoanReceivablePurchasedDiscount" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to hcp_LoanReceivablePurchasedDiscount" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfFacilities" xlink:label="hcp_NumberOfFacilities" xlink:title="NumberOfFacilities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="hcp_NumberOfFacilities" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to hcp_NumberOfFacilities" use="optional" order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LoanReceivablePurchasedAcquisitionCost" xlink:label="hcp_LoanReceivablePurchasedAcquisitionCost" xlink:title="LoanReceivablePurchasedAcquisitionCost" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="hcp_LoanReceivablePurchasedAcquisitionCost" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to hcp_LoanReceivablePurchasedAcquisitionCost" use="optional" order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentDescriptionOfVariableRateBasis" xlink:label="us-gaap_DebtInstrumentDescriptionOfVariableRateBasis" xlink:title="DebtInstrumentDescriptionOfVariableRateBasis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="us-gaap_DebtInstrumentDescriptionOfVariableRateBasis" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to us-gaap_DebtInstrumentDescriptionOfVariableRateBasis" use="optional" order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:title="DebtInstrumentBasisSpreadOnVariableRate1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" use="optional" order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProceedsFromCollectionOfLoansReceivable" xlink:label="us-gaap_ProceedsFromCollectionOfLoansReceivable" xlink:title="ProceedsFromCollectionOfLoansReceivable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="us-gaap_ProceedsFromCollectionOfLoansReceivable" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to us-gaap_ProceedsFromCollectionOfLoansReceivable" use="optional" order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InterestAndFeeIncomeLoansAndLeases" xlink:label="us-gaap_InterestAndFeeIncomeLoansAndLeases" xlink:title="InterestAndFeeIncomeLoansAndLeases" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="us-gaap_InterestAndFeeIncomeLoansAndLeases" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to us-gaap_InterestAndFeeIncomeLoansAndLeases" use="optional" order="16" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LoanReceivableSubordinatedToSeniorMortgageDebt" xlink:label="hcp_LoanReceivableSubordinatedToSeniorMortgageDebt" xlink:title="LoanReceivableSubordinatedToSeniorMortgageDebt" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="hcp_LoanReceivableSubordinatedToSeniorMortgageDebt" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to hcp_LoanReceivableSubordinatedToSeniorMortgageDebt" use="optional" order="17" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LoansAndLeasesReceivableNetReportedAmountOther" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmountOther" xlink:title="LoansAndLeasesReceivableNetReportedAmountOther" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="us-gaap_LoansAndLeasesReceivableNetReportedAmountOther" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to us-gaap_LoansAndLeasesReceivableNetReportedAmountOther" use="optional" order="18" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LoanReceivableInterestRatePayable" xlink:label="hcp_LoanReceivableInterestRatePayable" xlink:title="LoanReceivableInterestRatePayable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="hcp_LoanReceivableInterestRatePayable" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to hcp_LoanReceivableInterestRatePayable" use="optional" order="19" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LoanReceivableMaturityTerm" xlink:label="hcp_LoanReceivableMaturityTerm" xlink:title="LoanReceivableMaturityTerm" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="hcp_LoanReceivableMaturityTerm" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to hcp_LoanReceivableMaturityTerm" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="us-gaap_AllowanceForLoanAndLeaseLossesRollForward" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to us-gaap_AllowanceForLoanAndLeaseLossesRollForward" use="optional" order="21" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AccruedInterestReceivableOnLoansAndLeases" xlink:label="hcp_AccruedInterestReceivableOnLoansAndLeases" xlink:title="AccruedInterestReceivableOnLoansAndLeases" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="hcp_AccruedInterestReceivableOnLoansAndLeases" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to hcp_AccruedInterestReceivableOnLoansAndLeases" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProvisionForLoanAndLeaseLosses" xlink:label="us-gaap_ProvisionForLoanAndLeaseLosses" xlink:title="ProvisionForLoanAndLeaseLosses" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AllowanceForLoanAndLeaseLossesRollForward" xlink:to="us-gaap_ProvisionForLoanAndLeaseLosses" xlink:title="Presentation : us-gaap_AllowanceForLoanAndLeaseLossesRollForward to us-gaap_ProvisionForLoanAndLeaseLosses" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HCRManorCareIncMember" xlink:label="hcp_HCRManorCareIncMember" xlink:title="HCRManorCareIncMember" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HCRManorCareMezzanineLoanMember" xlink:label="hcp_HCRManorCareMezzanineLoanMember" xlink:title="HCRManorCareMezzanineLoanMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_HCRManorCareIncMember" xlink:to="hcp_HCRManorCareMezzanineLoanMember" xlink:title="Presentation : hcp_HCRManorCareIncMember to hcp_HCRManorCareMezzanineLoanMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MinimumMember" xlink:label="us-gaap_MinimumMember" xlink:title="MinimumMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RangeMember" xlink:to="us-gaap_MinimumMember" xlink:title="Presentation : us-gaap_RangeMember to us-gaap_MinimumMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReceivableTypeDomain" xlink:to="hcp_HCRManorCareIncMember" xlink:title="Presentation : us-gaap_ReceivableTypeDomain to hcp_HCRManorCareIncMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_GenesisHealthCareLoansMember" xlink:label="hcp_GenesisHealthCareLoansMember" xlink:title="GenesisHealthCareLoansMember" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_GenesisSeniorLoansMember" xlink:label="hcp_GenesisSeniorLoansMember" xlink:title="GenesisSeniorLoansMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_GenesisHealthCareLoansMember" xlink:to="hcp_GenesisSeniorLoansMember" xlink:title="Presentation : hcp_GenesisHealthCareLoansMember to hcp_GenesisSeniorLoansMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AcquiredLoansReceivableSettled" xlink:label="hcp_AcquiredLoansReceivableSettled" xlink:title="AcquiredLoansReceivableSettled" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="hcp_AcquiredLoansReceivableSettled" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to hcp_AcquiredLoansReceivableSettled" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HCRManorCareParticipationInFirstMortgageDebtMember" xlink:label="hcp_HCRManorCareParticipationInFirstMortgageDebtMember" xlink:title="HCRManorCareParticipationInFirstMortgageDebtMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_HCRManorCareIncMember" xlink:to="hcp_HCRManorCareParticipationInFirstMortgageDebtMember" xlink:title="Presentation : hcp_HCRManorCareIncMember to hcp_HCRManorCareParticipationInFirstMortgageDebtMember" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReceivableTypeDomain" xlink:to="hcp_GenesisHealthCareLoansMember" xlink:title="Presentation : us-gaap_ReceivableTypeDomain to hcp_GenesisHealthCareLoansMember" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_GenesisMezzanineParticipationLoanMember" xlink:label="hcp_GenesisMezzanineParticipationLoanMember" xlink:title="GenesisMezzanineParticipationLoanMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_GenesisHealthCareLoansMember" xlink:to="hcp_GenesisMezzanineParticipationLoanMember" xlink:title="Presentation : hcp_GenesisHealthCareLoansMember to hcp_GenesisMezzanineParticipationLoanMember" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DebtInstrumentFloorOnVariableRate" xlink:label="hcp_DebtInstrumentFloorOnVariableRate" xlink:title="DebtInstrumentFloorOnVariableRate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="hcp_DebtInstrumentFloorOnVariableRate" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to hcp_DebtInstrumentFloorOnVariableRate" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LoanReceivableTerminationFee" xlink:label="hcp_LoanReceivableTerminationFee" xlink:title="LoanReceivableTerminationFee" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="hcp_LoanReceivableTerminationFee" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to hcp_LoanReceivableTerminationFee" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LoanReceivableSubordinatedToSeniorMezzanineDebt" xlink:label="hcp_LoanReceivableSubordinatedToSeniorMezzanineDebt" xlink:title="LoanReceivableSubordinatedToSeniorMezzanineDebt" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="hcp_LoanReceivableSubordinatedToSeniorMezzanineDebt" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to hcp_LoanReceivableSubordinatedToSeniorMezzanineDebt" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DistributionToGuarantor" xlink:label="hcp_DistributionToGuarantor" xlink:title="DistributionToGuarantor" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="hcp_DistributionToGuarantor" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to hcp_DistributionToGuarantor" use="optional" order="8005" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LoanReceivableProceedsSettlement" xlink:label="hcp_LoanReceivableProceedsSettlement" xlink:title="LoanReceivableProceedsSettlement" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="hcp_LoanReceivableProceedsSettlement" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to hcp_LoanReceivableProceedsSettlement" use="optional" order="8006" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LegalFees" xlink:label="us-gaap_LegalFees" xlink:title="LegalFees" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="us-gaap_LegalFees" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to us-gaap_LegalFees" use="optional" order="8007" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LoanReceivableProceedsSettlementOther" xlink:label="hcp_LoanReceivableProceedsSettlementOther" xlink:title="LoanReceivableProceedsSettlementOther" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="hcp_LoanReceivableProceedsSettlementOther" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to hcp_LoanReceivableProceedsSettlementOther" use="optional" order="8008" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ProceedsFromGuarantor" xlink:label="hcp_ProceedsFromGuarantor" xlink:title="ProceedsFromGuarantor" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="hcp_ProceedsFromGuarantor" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to hcp_ProceedsFromGuarantor" use="optional" order="8009" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ProceedsFromSaleOfCollateralAssets" xlink:label="hcp_ProceedsFromSaleOfCollateralAssets" xlink:title="ProceedsFromSaleOfCollateralAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="hcp_ProceedsFromSaleOfCollateralAssets" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to hcp_ProceedsFromSaleOfCollateralAssets" use="optional" order="8010" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfPrimaryCollateralAssetsSold" xlink:label="hcp_NumberOfPrimaryCollateralAssetsSold" xlink:title="NumberOfPrimaryCollateralAssetsSold" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="hcp_NumberOfPrimaryCollateralAssetsSold" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to hcp_NumberOfPrimaryCollateralAssetsSold" use="optional" order="8011" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureOtherAssetsDetails">
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ScheduleOfOtherAssetsLineItems" xlink:label="hcp_ScheduleOfOtherAssetsLineItems" xlink:title="ScheduleOfOtherAssetsLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InterestReceivable" xlink:label="us-gaap_InterestReceivable" xlink:title="InterestReceivable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ScheduleOfOtherAssetsLineItems" xlink:to="us-gaap_InterestReceivable" xlink:title="Presentation : hcp_ScheduleOfOtherAssetsLineItems to us-gaap_InterestReceivable" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis" xlink:title="StatementBusinessSegmentsAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentDomain" xlink:label="us-gaap_SegmentDomain" xlink:title="SegmentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_SegmentDomain" xlink:title="Presentation : us-gaap_StatementBusinessSegmentsAxis to us-gaap_SegmentDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MedicalOfficeMember" xlink:label="hcp_MedicalOfficeMember" xlink:title="MedicalOfficeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_MedicalOfficeMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_MedicalOfficeMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:title="AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="us-gaap_ReceivableTypeDomain" xlink:title="ReceivableTypeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:to="us-gaap_ReceivableTypeDomain" xlink:title="Presentation : us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis to us-gaap_ReceivableTypeDomain" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DelphisOperationsLPSeniorSecuredTermLoanMember" xlink:label="hcp_DelphisOperationsLPSeniorSecuredTermLoanMember" xlink:title="DelphisOperationsLPSeniorSecuredTermLoanMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReceivableTypeDomain" xlink:to="hcp_DelphisOperationsLPSeniorSecuredTermLoanMember" xlink:title="Presentation : us-gaap_ReceivableTypeDomain to hcp_DelphisOperationsLPSeniorSecuredTermLoanMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherAssetsAbstract" xlink:label="us-gaap_OtherAssetsAbstract" xlink:title="OtherAssetsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DeferredRentReceivablesNet" xlink:label="us-gaap_DeferredRentReceivablesNet" xlink:title="DeferredRentReceivablesNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherAssetsAbstract" xlink:to="us-gaap_DeferredRentReceivablesNet" xlink:title="Presentation : us-gaap_OtherAssetsAbstract to us-gaap_DeferredRentReceivablesNet" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AllowanceForStraightlineRent" xlink:label="hcp_AllowanceForStraightlineRent" xlink:title="AllowanceForStraightlineRent" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DeferredRentReceivablesNet" xlink:to="hcp_AllowanceForStraightlineRent" xlink:title="Presentation : us-gaap_DeferredRentReceivablesNet to hcp_AllowanceForStraightlineRent" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ScheduleOfOtherAssetsTable" xlink:label="hcp_ScheduleOfOtherAssetsTable" xlink:title="ScheduleOfOtherAssetsTable" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:title="ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ScheduleOfOtherAssetsTable" xlink:to="us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:title="Presentation : hcp_ScheduleOfOtherAssetsTable to us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityMethodInvesteeNameDomain" xlink:label="us-gaap_EquityMethodInvesteeNameDomain" xlink:title="EquityMethodInvesteeNameDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:to="us-gaap_EquityMethodInvesteeNameDomain" xlink:title="Presentation : us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis to us-gaap_EquityMethodInvesteeNameDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FourSeasonsHealthCareMember" xlink:label="hcp_FourSeasonsHealthCareMember" xlink:title="FourSeasonsHealthCareMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityMethodInvesteeNameDomain" xlink:to="hcp_FourSeasonsHealthCareMember" xlink:title="Presentation : us-gaap_EquityMethodInvesteeNameDomain to hcp_FourSeasonsHealthCareMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AllowanceForLoanAndLeaseLossesLoansAcquiredRelatedToAccruedInterestReceivable" xlink:label="hcp_AllowanceForLoanAndLeaseLossesLoansAcquiredRelatedToAccruedInterestReceivable" xlink:title="AllowanceForLoanAndLeaseLossesLoansAcquiredRelatedToAccruedInterestReceivable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ScheduleOfOtherAssetsLineItems" xlink:to="hcp_AllowanceForLoanAndLeaseLossesLoansAcquiredRelatedToAccruedInterestReceivable" xlink:title="Presentation : hcp_ScheduleOfOtherAssetsLineItems to hcp_AllowanceForLoanAndLeaseLossesLoansAcquiredRelatedToAccruedInterestReceivable" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_HeldToMaturitySecurities" xlink:label="us-gaap_HeldToMaturitySecurities" xlink:title="HeldToMaturitySecurities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherAssetsAbstract" xlink:to="us-gaap_HeldToMaturitySecurities" xlink:title="Presentation : us-gaap_OtherAssetsAbstract to us-gaap_HeldToMaturitySecurities" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HCPVenturesIVLLCMember" xlink:label="hcp_HCPVenturesIVLLCMember" xlink:title="HCPVenturesIVLLCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityMethodInvesteeNameDomain" xlink:to="hcp_HCPVenturesIVLLCMember" xlink:title="Presentation : us-gaap_EquityMethodInvesteeNameDomain to hcp_HCPVenturesIVLLCMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ScheduleOfOtherAssetsTable" xlink:to="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:title="Presentation : hcp_ScheduleOfOtherAssetsTable to us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" use="optional" order="2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LoansAndLeasesReceivableNetReportedAmount" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmount" xlink:title="LoansAndLeasesReceivableNetReportedAmount" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ScheduleOfOtherAssetsLineItems" xlink:to="us-gaap_LoansAndLeasesReceivableNetReportedAmount" xlink:title="Presentation : hcp_ScheduleOfOtherAssetsLineItems to us-gaap_LoansAndLeasesReceivableNetReportedAmount" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DeferredCostsLeasingNet" xlink:label="us-gaap_DeferredCostsLeasingNet" xlink:title="DeferredCostsLeasingNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherAssetsAbstract" xlink:to="us-gaap_DeferredCostsLeasingNet" xlink:title="Presentation : us-gaap_OtherAssetsAbstract to us-gaap_DeferredCostsLeasingNet" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ScheduleOfOtherAssetsTable" xlink:to="us-gaap_StatementBusinessSegmentsAxis" xlink:title="Presentation : hcp_ScheduleOfOtherAssetsTable to us-gaap_StatementBusinessSegmentsAxis" use="optional" order="3" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LoanReceivableInterestRatePayable" xlink:label="hcp_LoanReceivableInterestRatePayable" xlink:title="LoanReceivableInterestRatePayable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ScheduleOfOtherAssetsLineItems" xlink:to="hcp_LoanReceivableInterestRatePayable" xlink:title="Presentation : hcp_ScheduleOfOtherAssetsLineItems to hcp_LoanReceivableInterestRatePayable" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DeferredFinanceCostsNet" xlink:label="us-gaap_DeferredFinanceCostsNet" xlink:title="DeferredFinanceCostsNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherAssetsAbstract" xlink:to="us-gaap_DeferredFinanceCostsNet" xlink:title="Presentation : us-gaap_OtherAssetsAbstract to us-gaap_DeferredFinanceCostsNet" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ScheduleOfOtherAssetsTable" xlink:to="hcp_ScheduleOfOtherAssetsLineItems" xlink:title="Presentation : hcp_ScheduleOfOtherAssetsTable to hcp_ScheduleOfOtherAssetsLineItems" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGains" xlink:label="us-gaap_AvailableForSaleSecuritiesGrossRealizedGains" xlink:title="AvailableForSaleSecuritiesGrossRealizedGains" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ScheduleOfOtherAssetsLineItems" xlink:to="us-gaap_AvailableForSaleSecuritiesGrossRealizedGains" xlink:title="Presentation : hcp_ScheduleOfOtherAssetsLineItems to us-gaap_AvailableForSaleSecuritiesGrossRealizedGains" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_Goodwill" xlink:label="us-gaap_Goodwill" xlink:title="Goodwill" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherAssetsAbstract" xlink:to="us-gaap_Goodwill" xlink:title="Presentation : us-gaap_OtherAssetsAbstract to us-gaap_Goodwill" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HeldToMaturitySecuritiesParValue" xlink:label="hcp_HeldToMaturitySecuritiesParValue" xlink:title="HeldToMaturitySecuritiesParValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ScheduleOfOtherAssetsLineItems" xlink:to="hcp_HeldToMaturitySecuritiesParValue" xlink:title="Presentation : hcp_ScheduleOfOtherAssetsLineItems to hcp_HeldToMaturitySecuritiesParValue" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PrepaidExpenseAndOtherAssets" xlink:label="us-gaap_PrepaidExpenseAndOtherAssets" xlink:title="PrepaidExpenseAndOtherAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherAssetsAbstract" xlink:to="us-gaap_PrepaidExpenseAndOtherAssets" xlink:title="Presentation : us-gaap_OtherAssetsAbstract to us-gaap_PrepaidExpenseAndOtherAssets" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HeldToMaturitySecuritiesDiscountedParValue" xlink:label="hcp_HeldToMaturitySecuritiesDiscountedParValue" xlink:title="HeldToMaturitySecuritiesDiscountedParValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ScheduleOfOtherAssetsLineItems" xlink:to="hcp_HeldToMaturitySecuritiesDiscountedParValue" xlink:title="Presentation : hcp_ScheduleOfOtherAssetsLineItems to hcp_HeldToMaturitySecuritiesDiscountedParValue" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherAssets" xlink:label="us-gaap_OtherAssets" xlink:title="OtherAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherAssetsAbstract" xlink:to="us-gaap_OtherAssets" xlink:title="Presentation : us-gaap_OtherAssetsAbstract to us-gaap_OtherAssets" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_InvestmentImputedInterestEffectiveYieldInterestRate" xlink:label="hcp_InvestmentImputedInterestEffectiveYieldInterestRate" xlink:title="InvestmentImputedInterestEffectiveYieldInterestRate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ScheduleOfOtherAssetsLineItems" xlink:to="hcp_InvestmentImputedInterestEffectiveYieldInterestRate" xlink:title="Presentation : hcp_ScheduleOfOtherAssetsLineItems to hcp_InvestmentImputedInterestEffectiveYieldInterestRate" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherAssetsAbstract" xlink:to="hcp_ScheduleOfOtherAssetsTable" xlink:title="Presentation : us-gaap_OtherAssetsAbstract to hcp_ScheduleOfOtherAssetsTable" use="optional" order="8" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PercentageOfInterestOfCounterPartyInUnconsolidatedJointVentureByWhichLoansReceivableAreSecured" xlink:label="hcp_PercentageOfInterestOfCounterPartyInUnconsolidatedJointVentureByWhichLoansReceivableAreSecured" xlink:title="PercentageOfInterestOfCounterPartyInUnconsolidatedJointVentureByWhichLoansReceivableAreSecured" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ScheduleOfOtherAssetsLineItems" xlink:to="hcp_PercentageOfInterestOfCounterPartyInUnconsolidatedJointVentureByWhichLoansReceivableAreSecured" xlink:title="Presentation : hcp_ScheduleOfOtherAssetsLineItems to hcp_PercentageOfInterestOfCounterPartyInUnconsolidatedJointVentureByWhichLoansReceivableAreSecured" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity" xlink:label="us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity" xlink:title="PaymentsToAcquireAvailableForSaleSecuritiesEquity" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherAssetsAbstract" xlink:to="us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity" xlink:title="Presentation : us-gaap_OtherAssetsAbstract to us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities" xlink:label="us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities" xlink:title="OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherAssetsAbstract" xlink:to="us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities" xlink:title="Presentation : us-gaap_OtherAssetsAbstract to us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis" xlink:label="us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis" xlink:title="AvailableForSaleEquitySecuritiesAmortizedCostBasis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherAssetsAbstract" xlink:to="us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis" xlink:title="Presentation : us-gaap_OtherAssetsAbstract to us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureRealEstatePropertyInvestmentsDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="us-gaap_BusinessAcquisitionLineItems" xlink:title="BusinessAcquisitionLineItems" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfFacilitiesAcquired" xlink:label="hcp_NumberOfFacilitiesAcquired" xlink:title="NumberOfFacilitiesAcquired" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_NumberOfFacilitiesAcquired" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_NumberOfFacilitiesAcquired" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/positiveLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:title="ScheduleOfBusinessAcquisitionsByAcquisitionTable" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="us-gaap_BusinessAcquisitionAxis" xlink:title="BusinessAcquisitionAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_BusinessAcquisitionAxis" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_BusinessAcquisitionAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:title="BusinessAcquisitionAcquireeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAxis" xlink:to="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:title="Presentation : us-gaap_BusinessAcquisitionAxis to us-gaap_BusinessAcquisitionAcquireeDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterestAbstract" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterestAbstract" xlink:title="BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterestAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesGross" xlink:label="us-gaap_PaymentsToAcquireBusinessesGross" xlink:title="PaymentsToAcquireBusinessesGross" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterestAbstract" xlink:to="us-gaap_PaymentsToAcquireBusinessesGross" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterestAbstract to us-gaap_PaymentsToAcquireBusinessesGross" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis" xlink:title="StatementBusinessSegmentsAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentDomain" xlink:label="us-gaap_SegmentDomain" xlink:title="SegmentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_SegmentDomain" xlink:title="Presentation : us-gaap_StatementBusinessSegmentsAxis to us-gaap_SegmentDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAbstract" xlink:label="us-gaap_RealEstateAbstract" xlink:title="RealEstateAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAbstract" xlink:to="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:title="Presentation : us-gaap_RealEstateAbstract to us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeniorHousingMember" xlink:label="hcp_SeniorHousingMember" xlink:title="SeniorHousingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_SeniorHousingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_SeniorHousingMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_UKPortfolioMember" xlink:label="hcp_UKPortfolioMember" xlink:title="UKPortfolioMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:to="hcp_UKPortfolioMember" xlink:title="Presentation : us-gaap_BusinessAcquisitionAcquireeDomain to hcp_UKPortfolioMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BlackstoneJVMember" xlink:label="hcp_BlackstoneJVMember" xlink:title="BlackstoneJVMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:to="hcp_BlackstoneJVMember" xlink:title="Presentation : us-gaap_BusinessAcquisitionAcquireeDomain to hcp_BlackstoneJVMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities" xlink:title="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterestAbstract" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterestAbstract to us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_StatementBusinessSegmentsAxis" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_StatementBusinessSegmentsAxis" use="optional" order="2" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LifescienceMember" xlink:label="hcp_LifescienceMember" xlink:title="LifescienceMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_LifescienceMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_LifescienceMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferred1" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1" xlink:title="BusinessCombinationConsiderationTransferred1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_BusinessCombinationConsiderationTransferred1" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_BusinessCombinationConsiderationTransferred1" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LeaseTermInitial" xlink:label="hcp_LeaseTermInitial" xlink:title="LeaseTermInitial" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_LeaseTermInitial" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_LeaseTermInitial" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MedicalOfficeMember" xlink:label="hcp_MedicalOfficeMember" xlink:title="MedicalOfficeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_MedicalOfficeMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_MedicalOfficeMember" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_BusinessAcquisitionLineItems" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_BusinessAcquisitionLineItems" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:label="us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:title="BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterestAbstract" xlink:to="us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterestAbstract to us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfExtensionOptionsInLeases" xlink:label="hcp_NumberOfExtensionOptionsInLeases" xlink:title="NumberOfExtensionOptionsInLeases" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_NumberOfExtensionOptionsInLeases" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_NumberOfExtensionOptionsInLeases" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand" xlink:title="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterestAbstract" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterestAbstract to us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HospitalMember" xlink:label="hcp_HospitalMember" xlink:title="HospitalMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_HospitalMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_HospitalMember" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ExtensionOptionsInMasterLeasesTerm" xlink:label="hcp_ExtensionOptionsInMasterLeasesTerm" xlink:title="ExtensionOptionsInMasterLeasesTerm" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_ExtensionOptionsInMasterLeasesTerm" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_ExtensionOptionsInMasterLeasesTerm" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill" xlink:title="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterestAbstract" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterestAbstract to us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:title="OperatingLeasesFutureMinimumPaymentsReceivableCurrent" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_OperatingLeasesBasisSpreadOnVariableFloorRate" xlink:label="hcp_OperatingLeasesBasisSpreadOnVariableFloorRate" xlink:title="OperatingLeasesBasisSpreadOnVariableFloorRate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_OperatingLeasesBasisSpreadOnVariableFloorRate" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_OperatingLeasesBasisSpreadOnVariableFloorRate" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_OperatingLeasesBasisSpreadOnVariableCeilingRate" xlink:label="hcp_OperatingLeasesBasisSpreadOnVariableCeilingRate" xlink:title="OperatingLeasesBasisSpreadOnVariableCeilingRate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_OperatingLeasesBasisSpreadOnVariableCeilingRate" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_OperatingLeasesBasisSpreadOnVariableCeilingRate" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterestAbstract" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterestAbstract" use="optional" order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestNonManagingMemberFairValue" xlink:label="hcp_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestNonManagingMemberFairValue" xlink:title="BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestNonManagingMemberFairValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestNonManagingMemberFairValue" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestNonManagingMemberFairValue" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AreaOfLand" xlink:label="us-gaap_AreaOfLand" xlink:title="AreaOfLand" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_AreaOfLand" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_AreaOfLand" use="optional" order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LeasesWithPurchaseOptionPurchasePrice" xlink:label="hcp_LeasesWithPurchaseOptionPurchasePrice" xlink:title="LeasesWithPurchaseOptionPurchasePrice" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_LeasesWithPurchaseOptionPurchasePrice" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_LeasesWithPurchaseOptionPurchasePrice" use="optional" order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsToAcquireProductiveAssets" xlink:label="us-gaap_PaymentsToAcquireProductiveAssets" xlink:title="PaymentsToAcquireProductiveAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_PaymentsToAcquireProductiveAssets" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_PaymentsToAcquireProductiveAssets" use="optional" order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:title="MinorityInterestOwnershipPercentageByNoncontrollingOwners" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PostAcuteAndSkilledNursingMember" xlink:label="hcp_PostAcuteAndSkilledNursingMember" xlink:title="PostAcuteAndSkilledNursingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_PostAcuteAndSkilledNursingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_PostAcuteAndSkilledNursingMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeniorHousingLifeScienceAndMedicalOfficeMember" xlink:label="hcp_SeniorHousingLifeScienceAndMedicalOfficeMember" xlink:title="SeniorHousingLifeScienceAndMedicalOfficeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_SeniorHousingLifeScienceAndMedicalOfficeMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_SeniorHousingLifeScienceAndMedicalOfficeMember" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureSupplementalCashFlowInformationDetails">
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CashFlowNoncashFinancingActivitiesDisclosureAbstract" xlink:label="hcp_CashFlowNoncashFinancingActivitiesDisclosureAbstract" xlink:title="CashFlowNoncashFinancingActivitiesDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RestrictedStockVested" xlink:label="hcp_RestrictedStockVested" xlink:title="RestrictedStockVested" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CashFlowNoncashFinancingActivitiesDisclosureAbstract" xlink:to="hcp_RestrictedStockVested" xlink:title="Presentation : hcp_CashFlowNoncashFinancingActivitiesDisclosureAbstract to hcp_RestrictedStockVested" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SupplementalCashFlowElementsAbstract" xlink:label="us-gaap_SupplementalCashFlowElementsAbstract" xlink:title="SupplementalCashFlowElementsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract" xlink:title="SupplementalCashFlowInformationAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SupplementalCashFlowElementsAbstract" xlink:to="us-gaap_SupplementalCashFlowInformationAbstract" xlink:title="Presentation : us-gaap_SupplementalCashFlowElementsAbstract to us-gaap_SupplementalCashFlowInformationAbstract" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InterestPaidNet" xlink:label="us-gaap_InterestPaidNet" xlink:title="InterestPaidNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SupplementalCashFlowInformationAbstract" xlink:to="us-gaap_InterestPaidNet" xlink:title="Presentation : us-gaap_SupplementalCashFlowInformationAbstract to us-gaap_InterestPaidNet" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NoncashInvestingAndFinancingItemsAbstract" xlink:label="us-gaap_NoncashInvestingAndFinancingItemsAbstract" xlink:title="NoncashInvestingAndFinancingItemsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ConstructionInProgressExpendituresIncurredButNotYetPaid" xlink:label="us-gaap_ConstructionInProgressExpendituresIncurredButNotYetPaid" xlink:title="ConstructionInProgressExpendituresIncurredButNotYetPaid" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NoncashInvestingAndFinancingItemsAbstract" xlink:to="us-gaap_ConstructionInProgressExpendituresIncurredButNotYetPaid" xlink:title="Presentation : us-gaap_NoncashInvestingAndFinancingItemsAbstract to us-gaap_ConstructionInProgressExpendituresIncurredButNotYetPaid" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MinorityInterestIssuedRealEstateDisposition" xlink:label="hcp_MinorityInterestIssuedRealEstateDisposition" xlink:title="MinorityInterestIssuedRealEstateDisposition" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NoncashInvestingAndFinancingItemsAbstract" xlink:to="hcp_MinorityInterestIssuedRealEstateDisposition" xlink:title="Presentation : us-gaap_NoncashInvestingAndFinancingItemsAbstract to hcp_MinorityInterestIssuedRealEstateDisposition" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures" xlink:label="us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures" xlink:title="StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CashFlowNoncashFinancingActivitiesDisclosureAbstract" xlink:to="us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures" xlink:title="Presentation : hcp_CashFlowNoncashFinancingActivitiesDisclosureAbstract to us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="us-gaap_IncomeTaxesPaidNet" xlink:title="IncomeTaxesPaidNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SupplementalCashFlowInformationAbstract" xlink:to="us-gaap_IncomeTaxesPaidNet" xlink:title="Presentation : us-gaap_SupplementalCashFlowInformationAbstract to us-gaap_IncomeTaxesPaidNet" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SupplementalCashFlowElementsAbstract" xlink:to="us-gaap_NoncashInvestingAndFinancingItemsAbstract" xlink:title="Presentation : us-gaap_SupplementalCashFlowElementsAbstract to us-gaap_NoncashInvestingAndFinancingItemsAbstract" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueConversionOfUnits" xlink:label="us-gaap_StockIssuedDuringPeriodValueConversionOfUnits" xlink:title="StockIssuedDuringPeriodValueConversionOfUnits" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CashFlowNoncashFinancingActivitiesDisclosureAbstract" xlink:to="us-gaap_StockIssuedDuringPeriodValueConversionOfUnits" xlink:title="Presentation : hcp_CashFlowNoncashFinancingActivitiesDisclosureAbstract to us-gaap_StockIssuedDuringPeriodValueConversionOfUnits" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InterestCostsCapitalized" xlink:label="us-gaap_InterestCostsCapitalized" xlink:title="InterestCostsCapitalized" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SupplementalCashFlowInformationAbstract" xlink:to="us-gaap_InterestCostsCapitalized" xlink:title="Presentation : us-gaap_SupplementalCashFlowInformationAbstract to us-gaap_InterestCostsCapitalized" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SupplementalCashFlowElementsAbstract" xlink:to="hcp_CashFlowNoncashFinancingActivitiesDisclosureAbstract" xlink:title="Presentation : us-gaap_SupplementalCashFlowElementsAbstract to hcp_CashFlowNoncashFinancingActivitiesDisclosureAbstract" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:label="us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:title="BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CashFlowNoncashFinancingActivitiesDisclosureAbstract" xlink:to="us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:title="Presentation : hcp_CashFlowNoncashFinancingActivitiesDisclosureAbstract to us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1" xlink:title="NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CashFlowNoncashFinancingActivitiesDisclosureAbstract" xlink:to="us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1" xlink:title="Presentation : hcp_CashFlowNoncashFinancingActivitiesDisclosureAbstract to us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_UnrealizedGainLossOnAvailableForSaleSecuritiesAndDerivatives" xlink:label="hcp_UnrealizedGainLossOnAvailableForSaleSecuritiesAndDerivatives" xlink:title="UnrealizedGainLossOnAvailableForSaleSecuritiesAndDerivatives" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CashFlowNoncashFinancingActivitiesDisclosureAbstract" xlink:to="hcp_UnrealizedGainLossOnAvailableForSaleSecuritiesAndDerivatives" xlink:title="Presentation : hcp_CashFlowNoncashFinancingActivitiesDisclosureAbstract to hcp_UnrealizedGainLossOnAvailableForSaleSecuritiesAndDerivatives" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" xlink:label="us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" xlink:title="NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NoncashInvestingAndFinancingItemsAbstract" xlink:to="us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" xlink:title="Presentation : us-gaap_NoncashInvestingAndFinancingItemsAbstract to us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross" xlink:label="us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross" xlink:title="StockIssuedDuringPeriodValueRestrictedStockAwardGross" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CashFlowNoncashFinancingActivitiesDisclosureAbstract" xlink:to="us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross" xlink:title="Presentation : hcp_CashFlowNoncashFinancingActivitiesDisclosureAbstract to us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ReclassificationOfInPlaceLeasesFromRealEstateToDirectFinancingLeases" xlink:label="hcp_ReclassificationOfInPlaceLeasesFromRealEstateToDirectFinancingLeases" xlink:title="ReclassificationOfInPlaceLeasesFromRealEstateToDirectFinancingLeases" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NoncashInvestingAndFinancingItemsAbstract" xlink:to="hcp_ReclassificationOfInPlaceLeasesFromRealEstateToDirectFinancingLeases" xlink:title="Presentation : us-gaap_NoncashInvestingAndFinancingItemsAbstract to hcp_ReclassificationOfInPlaceLeasesFromRealEstateToDirectFinancingLeases" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt" xlink:title="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_CashFlowNoncashFinancingActivitiesDisclosureAbstract" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt" xlink:title="Presentation : hcp_CashFlowNoncashFinancingActivitiesDisclosureAbstract to us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RealEstateAcquiredInExchangeForSaleOfRealEstate" xlink:label="hcp_RealEstateAcquiredInExchangeForSaleOfRealEstate" xlink:title="RealEstateAcquiredInExchangeForSaleOfRealEstate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NoncashInvestingAndFinancingItemsAbstract" xlink:to="hcp_RealEstateAcquiredInExchangeForSaleOfRealEstate" xlink:title="Presentation : us-gaap_NoncashInvestingAndFinancingItemsAbstract to hcp_RealEstateAcquiredInExchangeForSaleOfRealEstate" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_InvestmentsInLoanReceivablesFairValue" xlink:label="hcp_InvestmentsInLoanReceivablesFairValue" xlink:title="InvestmentsInLoanReceivablesFairValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NoncashInvestingAndFinancingItemsAbstract" xlink:to="hcp_InvestmentsInLoanReceivablesFairValue" xlink:title="Presentation : us-gaap_NoncashInvestingAndFinancingItemsAbstract to hcp_InvestmentsInLoanReceivablesFairValue" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureMergersAndAcquisitionTables">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationsAbstract" xlink:label="us-gaap_BusinessCombinationsAbstract" xlink:title="BusinessCombinationsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:title="ScheduleOfBusinessAcquisitionsByAcquisitionTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationsAbstract" xlink:to="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:title="Presentation : us-gaap_BusinessCombinationsAbstract to us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="us-gaap_BusinessAcquisitionAxis" xlink:title="BusinessAcquisitionAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_BusinessAcquisitionAxis" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_BusinessAcquisitionAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:title="BusinessAcquisitionAcquireeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAxis" xlink:to="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:title="Presentation : us-gaap_BusinessAcquisitionAxis to us-gaap_BusinessAcquisitionAcquireeDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HCRManorCareIncMember" xlink:label="hcp_HCRManorCareIncMember" xlink:title="HCRManorCareIncMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:to="hcp_HCRManorCareIncMember" xlink:title="Presentation : us-gaap_BusinessAcquisitionAcquireeDomain to hcp_HCRManorCareIncMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="us-gaap_StatementScenarioAxis" xlink:title="StatementScenarioAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="us-gaap_ScenarioUnspecifiedDomain" xlink:title="ScenarioUnspecifiedDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementScenarioAxis" xlink:to="us-gaap_ScenarioUnspecifiedDomain" xlink:title="Presentation : us-gaap_StatementScenarioAxis to us-gaap_ScenarioUnspecifiedDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="us-gaap_BusinessAcquisitionLineItems" xlink:title="BusinessAcquisitionLineItems" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ScheduleOfBusinessCombinationConsiderationTransferredTableTextBlock" xlink:label="hcp_ScheduleOfBusinessCombinationConsiderationTransferredTableTextBlock" xlink:title="ScheduleOfBusinessCombinationConsiderationTransferredTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_ScheduleOfBusinessCombinationConsiderationTransferredTableTextBlock" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_ScheduleOfBusinessCombinationConsiderationTransferredTableTextBlock" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_StatementScenarioAxis" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_StatementScenarioAxis" use="optional" order="2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScenarioPreviouslyReportedMember" xlink:label="us-gaap_ScenarioPreviouslyReportedMember" xlink:title="ScenarioPreviouslyReportedMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScenarioUnspecifiedDomain" xlink:to="us-gaap_ScenarioPreviouslyReportedMember" xlink:title="Presentation : us-gaap_ScenarioUnspecifiedDomain to us-gaap_ScenarioPreviouslyReportedMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" xlink:label="us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" xlink:title="ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_BusinessAcquisitionLineItems" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_BusinessAcquisitionLineItems" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionProFormaInformationTextBlock" xlink:label="us-gaap_BusinessAcquisitionProFormaInformationTextBlock" xlink:title="BusinessAcquisitionProFormaInformationTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_BusinessAcquisitionProFormaInformationTextBlock" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_BusinessAcquisitionProFormaInformationTextBlock" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureEquityDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityAbstract" xlink:label="us-gaap_EquityAbstract" xlink:title="EquityAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfStockByClassTable" xlink:label="us-gaap_ScheduleOfStockByClassTable" xlink:title="ScheduleOfStockByClassTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityAbstract" xlink:to="us-gaap_ScheduleOfStockByClassTable" xlink:title="Presentation : us-gaap_EquityAbstract to us-gaap_ScheduleOfStockByClassTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="us-gaap_StatementEquityComponentsAxis" xlink:title="StatementEquityComponentsAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfStockByClassTable" xlink:to="us-gaap_StatementEquityComponentsAxis" xlink:title="Presentation : us-gaap_ScheduleOfStockByClassTable to us-gaap_StatementEquityComponentsAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="us-gaap_EquityComponentDomain" xlink:title="EquityComponentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementEquityComponentsAxis" xlink:to="us-gaap_EquityComponentDomain" xlink:title="Presentation : us-gaap_StatementEquityComponentsAxis to us-gaap_EquityComponentDomain" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CommonStockMember" xlink:label="us-gaap_CommonStockMember" xlink:title="CommonStockMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityComponentDomain" xlink:to="us-gaap_CommonStockMember" xlink:title="Presentation : us-gaap_EquityComponentDomain to us-gaap_CommonStockMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="us-gaap_ClassOfStockLineItems" xlink:title="ClassOfStockLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared" xlink:label="us-gaap_CommonStockDividendsPerShareDeclared" xlink:title="CommonStockDividendsPerShareDeclared" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockLineItems" xlink:to="us-gaap_CommonStockDividendsPerShareDeclared" xlink:title="Presentation : us-gaap_ClassOfStockLineItems to us-gaap_CommonStockDividendsPerShareDeclared" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_IssuanceOfCommonStockAbstract" xlink:label="hcp_IssuanceOfCommonStockAbstract" xlink:title="IssuanceOfCommonStockAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan" xlink:label="us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan" xlink:title="StockIssuedDuringPeriodSharesDividendReinvestmentPlan" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IssuanceOfCommonStockAbstract" xlink:to="us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan" xlink:title="Presentation : hcp_IssuanceOfCommonStockAbstract to us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NoncontrollingInterestAbstract" xlink:label="us-gaap_NoncontrollingInterestAbstract" xlink:title="NoncontrollingInterestAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DownReitUnitsOutstanding" xlink:label="hcp_DownReitUnitsOutstanding" xlink:title="DownReitUnitsOutstanding" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NoncontrollingInterestAbstract" xlink:to="hcp_DownReitUnitsOutstanding" xlink:title="Presentation : us-gaap_NoncontrollingInterestAbstract to hcp_DownReitUnitsOutstanding" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract" xlink:title="AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax" xlink:title="AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax" xlink:title="Presentation : us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract to us-gaap_AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NoncontrollingInterestMember" xlink:label="us-gaap_NoncontrollingInterestMember" xlink:title="NoncontrollingInterestMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityComponentDomain" xlink:to="us-gaap_NoncontrollingInterestMember" xlink:title="Presentation : us-gaap_EquityComponentDomain to us-gaap_NoncontrollingInterestMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="us-gaap_StatementClassOfStockAxis" xlink:title="StatementClassOfStockAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfStockByClassTable" xlink:to="us-gaap_StatementClassOfStockAxis" xlink:title="Presentation : us-gaap_ScheduleOfStockByClassTable to us-gaap_StatementClassOfStockAxis" use="optional" order="2" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockLineItems" xlink:to="hcp_IssuanceOfCommonStockAbstract" xlink:title="Presentation : us-gaap_ClassOfStockLineItems to hcp_IssuanceOfCommonStockAbstract" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits" xlink:label="us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits" xlink:title="StockIssuedDuringPeriodSharesConversionOfUnits" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IssuanceOfCommonStockAbstract" xlink:to="us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits" xlink:title="Presentation : hcp_IssuanceOfCommonStockAbstract to us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfDownREITLLCs" xlink:label="hcp_NumberOfDownREITLLCs" xlink:title="NumberOfDownREITLLCs" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NoncontrollingInterestAbstract" xlink:to="hcp_NumberOfDownREITLLCs" xlink:title="Presentation : us-gaap_NoncontrollingInterestAbstract to hcp_NumberOfDownREITLLCs" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityAbstract" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract" xlink:title="Presentation : us-gaap_EquityAbstract to us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax" xlink:title="AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax" xlink:title="Presentation : us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract to us-gaap_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis" xlink:title="StatementBusinessSegmentsAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfStockByClassTable" xlink:to="us-gaap_StatementBusinessSegmentsAxis" xlink:title="Presentation : us-gaap_ScheduleOfStockByClassTable to us-gaap_StatementBusinessSegmentsAxis" use="optional" order="3" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_StockIssuedDuringPeriodSharesStockOptionsGrossExercised" xlink:label="hcp_StockIssuedDuringPeriodSharesStockOptionsGrossExercised" xlink:title="StockIssuedDuringPeriodSharesStockOptionsGrossExercised" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IssuanceOfCommonStockAbstract" xlink:to="hcp_StockIssuedDuringPeriodSharesStockOptionsGrossExercised" xlink:title="Presentation : hcp_IssuanceOfCommonStockAbstract to hcp_StockIssuedDuringPeriodSharesStockOptionsGrossExercised" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockLineItems" xlink:to="us-gaap_NoncontrollingInterestAbstract" xlink:title="Presentation : us-gaap_ClassOfStockLineItems to us-gaap_NoncontrollingInterestAbstract" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MinorityInterestInPreferredUnitHolders" xlink:label="us-gaap_MinorityInterestInPreferredUnitHolders" xlink:title="MinorityInterestInPreferredUnitHolders" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NoncontrollingInterestAbstract" xlink:to="us-gaap_MinorityInterestInPreferredUnitHolders" xlink:title="Presentation : us-gaap_NoncontrollingInterestAbstract to us-gaap_MinorityInterestInPreferredUnitHolders" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax" xlink:title="AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax" xlink:title="Presentation : us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract to us-gaap_AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax" use="optional" order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="us-gaap_BusinessAcquisitionAxis" xlink:title="BusinessAcquisitionAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfStockByClassTable" xlink:to="us-gaap_BusinessAcquisitionAxis" xlink:title="Presentation : us-gaap_ScheduleOfStockByClassTable to us-gaap_BusinessAcquisitionAxis" use="optional" order="4" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures" xlink:label="us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures" xlink:title="StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IssuanceOfCommonStockAbstract" xlink:to="us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures" xlink:title="Presentation : hcp_IssuanceOfCommonStockAbstract to us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MinorityInterestInPreferredUnitHoldersFairValue" xlink:label="hcp_MinorityInterestInPreferredUnitHoldersFairValue" xlink:title="MinorityInterestInPreferredUnitHoldersFairValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NoncontrollingInterestAbstract" xlink:to="hcp_MinorityInterestInPreferredUnitHoldersFairValue" xlink:title="Presentation : us-gaap_NoncontrollingInterestAbstract to hcp_MinorityInterestInPreferredUnitHoldersFairValue" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax" xlink:title="AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax" xlink:title="Presentation : us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract to us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfStockByClassTable" xlink:to="us-gaap_ClassOfStockLineItems" xlink:title="Presentation : us-gaap_ScheduleOfStockByClassTable to us-gaap_ClassOfStockLineItems" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:title="AccumulatedOtherComprehensiveIncomeLossNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:title="Presentation : us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract to us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:title="BusinessAcquisitionAcquireeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAxis" xlink:to="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:title="Presentation : us-gaap_BusinessAcquisitionAxis to us-gaap_BusinessAcquisitionAcquireeDomain" use="optional" order="8000" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BlackstoneJVMember" xlink:label="hcp_BlackstoneJVMember" xlink:title="BlackstoneJVMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:to="hcp_BlackstoneJVMember" xlink:title="Presentation : us-gaap_BusinessAcquisitionAcquireeDomain to hcp_BlackstoneJVMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentDomain" xlink:label="us-gaap_SegmentDomain" xlink:title="SegmentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_SegmentDomain" xlink:title="Presentation : us-gaap_StatementBusinessSegmentsAxis to us-gaap_SegmentDomain" use="optional" order="8000" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeniorHousingMember" xlink:label="hcp_SeniorHousingMember" xlink:title="SeniorHousingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_SeniorHousingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_SeniorHousingMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PreferredStockMember" xlink:label="us-gaap_PreferredStockMember" xlink:title="PreferredStockMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityComponentDomain" xlink:to="us-gaap_PreferredStockMember" xlink:title="Presentation : us-gaap_EquityComponentDomain to us-gaap_PreferredStockMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="us-gaap_ClassOfStockDomain" xlink:title="ClassOfStockDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_ClassOfStockDomain" xlink:title="Presentation : us-gaap_StatementClassOfStockAxis to us-gaap_ClassOfStockDomain" use="optional" order="8000" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeriesECumulativeRedeemablePreferredStockMember" xlink:label="hcp_SeriesECumulativeRedeemablePreferredStockMember" xlink:title="SeriesECumulativeRedeemablePreferredStockMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="hcp_SeriesECumulativeRedeemablePreferredStockMember" xlink:title="Presentation : us-gaap_ClassOfStockDomain to hcp_SeriesECumulativeRedeemablePreferredStockMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_OrdinaryDividendsAmountPerShare" xlink:label="hcp_OrdinaryDividendsAmountPerShare" xlink:title="OrdinaryDividendsAmountPerShare" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockLineItems" xlink:to="hcp_OrdinaryDividendsAmountPerShare" xlink:title="Presentation : us-gaap_ClassOfStockLineItems to hcp_OrdinaryDividendsAmountPerShare" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeriesFCumulativeRedeemablePreferredStockMember" xlink:label="hcp_SeriesFCumulativeRedeemablePreferredStockMember" xlink:title="SeriesFCumulativeRedeemablePreferredStockMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="hcp_SeriesFCumulativeRedeemablePreferredStockMember" xlink:title="Presentation : us-gaap_ClassOfStockDomain to hcp_SeriesFCumulativeRedeemablePreferredStockMember" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CapitalGainDividendsAmountPerShare" xlink:label="hcp_CapitalGainDividendsAmountPerShare" xlink:title="CapitalGainDividendsAmountPerShare" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockLineItems" xlink:to="hcp_CapitalGainDividendsAmountPerShare" xlink:title="Presentation : us-gaap_ClassOfStockLineItems to hcp_CapitalGainDividendsAmountPerShare" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NondividendDistributionsAmountPerShare" xlink:label="hcp_NondividendDistributionsAmountPerShare" xlink:title="NondividendDistributionsAmountPerShare" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockLineItems" xlink:to="hcp_NondividendDistributionsAmountPerShare" xlink:title="Presentation : us-gaap_ClassOfStockLineItems to hcp_NondividendDistributionsAmountPerShare" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DividendsAmountPerShare" xlink:label="hcp_DividendsAmountPerShare" xlink:title="DividendsAmountPerShare" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockLineItems" xlink:to="hcp_DividendsAmountPerShare" xlink:title="Presentation : us-gaap_ClassOfStockLineItems to hcp_DividendsAmountPerShare" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:title="ProceedsFromIssuanceOfCommonStock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockLineItems" xlink:to="us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:title="Presentation : us-gaap_ClassOfStockLineItems to us-gaap_ProceedsFromIssuanceOfCommonStock" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PreferredStockRedemptionShares" xlink:label="hcp_PreferredStockRedemptionShares" xlink:title="PreferredStockRedemptionShares" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockLineItems" xlink:to="hcp_PreferredStockRedemptionShares" xlink:title="Presentation : us-gaap_ClassOfStockLineItems to hcp_PreferredStockRedemptionShares" use="optional" order="8005" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PreferredStockDividendRatePercentage" xlink:label="us-gaap_PreferredStockDividendRatePercentage" xlink:title="PreferredStockDividendRatePercentage" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockLineItems" xlink:to="us-gaap_PreferredStockDividendRatePercentage" xlink:title="Presentation : us-gaap_ClassOfStockLineItems to us-gaap_PreferredStockDividendRatePercentage" use="optional" order="8006" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PreferredStockRedemptionPricePerShare" xlink:label="us-gaap_PreferredStockRedemptionPricePerShare" xlink:title="PreferredStockRedemptionPricePerShare" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockLineItems" xlink:to="us-gaap_PreferredStockRedemptionPricePerShare" xlink:title="Presentation : us-gaap_ClassOfStockLineItems to us-gaap_PreferredStockRedemptionPricePerShare" use="optional" order="8007" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_WriteOffOfDeferredStockIssuanceCost" xlink:label="hcp_WriteOffOfDeferredStockIssuanceCost" xlink:title="WriteOffOfDeferredStockIssuanceCost" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockLineItems" xlink:to="hcp_WriteOffOfDeferredStockIssuanceCost" xlink:title="Presentation : us-gaap_ClassOfStockLineItems to hcp_WriteOffOfDeferredStockIssuanceCost" use="optional" order="8008" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SaleOfStockPricePerShare" xlink:label="us-gaap_SaleOfStockPricePerShare" xlink:title="SaleOfStockPricePerShare" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockLineItems" xlink:to="us-gaap_SaleOfStockPricePerShare" xlink:title="Presentation : us-gaap_ClassOfStockLineItems to us-gaap_SaleOfStockPricePerShare" use="optional" order="8009" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureEquityTables">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityAbstract" xlink:label="us-gaap_EquityAbstract" xlink:title="EquityAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ScheduleOfDividendsTableTextBlock" xlink:label="hcp_ScheduleOfDividendsTableTextBlock" xlink:title="ScheduleOfDividendsTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityAbstract" xlink:to="hcp_ScheduleOfDividendsTableTextBlock" xlink:title="Presentation : us-gaap_EquityAbstract to hcp_ScheduleOfDividendsTableTextBlock" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfStockByClassTextBlock" xlink:label="us-gaap_ScheduleOfStockByClassTextBlock" xlink:title="ScheduleOfStockByClassTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityAbstract" xlink:to="us-gaap_ScheduleOfStockByClassTextBlock" xlink:title="Presentation : us-gaap_EquityAbstract to us-gaap_ScheduleOfStockByClassTextBlock" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:label="us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:title="ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityAbstract" xlink:to="us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:title="Presentation : us-gaap_EquityAbstract to us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ScheduleOfCommonStockDividendsTableTextBlock" xlink:label="hcp_ScheduleOfCommonStockDividendsTableTextBlock" xlink:title="ScheduleOfCommonStockDividendsTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityAbstract" xlink:to="hcp_ScheduleOfCommonStockDividendsTableTextBlock" xlink:title="Presentation : us-gaap_EquityAbstract to hcp_ScheduleOfCommonStockDividendsTableTextBlock" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ScheduleOfPreferredStockDividendsTableTextBlock" xlink:label="hcp_ScheduleOfPreferredStockDividendsTableTextBlock" xlink:title="ScheduleOfPreferredStockDividendsTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityAbstract" xlink:to="hcp_ScheduleOfPreferredStockDividendsTableTextBlock" xlink:title="Presentation : us-gaap_EquityAbstract to hcp_ScheduleOfPreferredStockDividendsTableTextBlock" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureCommitmentsAndContingenciesTables">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis" xlink:title="StatementBusinessSegmentsAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentDomain" xlink:label="us-gaap_SegmentDomain" xlink:title="SegmentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_SegmentDomain" xlink:title="Presentation : us-gaap_StatementBusinessSegmentsAxis to us-gaap_SegmentDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeniorHousingMember" xlink:label="hcp_SeniorHousingMember" xlink:title="SeniorHousingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_SeniorHousingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_SeniorHousingMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:title="CommitmentsAndContingenciesDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ConcentrationRiskTable" xlink:label="us-gaap_ConcentrationRiskTable" xlink:title="ConcentrationRiskTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="us-gaap_ConcentrationRiskTable" xlink:title="Presentation : us-gaap_CommitmentsAndContingenciesDisclosureAbstract to us-gaap_ConcentrationRiskTable" use="optional" order="1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskTable" xlink:to="us-gaap_StatementBusinessSegmentsAxis" xlink:title="Presentation : us-gaap_ConcentrationRiskTable to us-gaap_StatementBusinessSegmentsAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ConcentrationRiskByTypeAxis" xlink:label="us-gaap_ConcentrationRiskByTypeAxis" xlink:title="ConcentrationRiskByTypeAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ConcentrationRiskTypeDomain" xlink:label="us-gaap_ConcentrationRiskTypeDomain" xlink:title="ConcentrationRiskTypeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskByTypeAxis" xlink:to="us-gaap_ConcentrationRiskTypeDomain" xlink:title="Presentation : us-gaap_ConcentrationRiskByTypeAxis to us-gaap_ConcentrationRiskTypeDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_OperatorsMember" xlink:label="hcp_OperatorsMember" xlink:title="OperatorsMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskTypeDomain" xlink:to="hcp_OperatorsMember" xlink:title="Presentation : us-gaap_ConcentrationRiskTypeDomain to hcp_OperatorsMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ConcentrationRiskLineItems" xlink:label="us-gaap_ConcentrationRiskLineItems" xlink:title="ConcentrationRiskLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock" xlink:label="us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock" xlink:title="SchedulesOfConcentrationOfRiskByRiskFactorTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock" xlink:title="Presentation : us-gaap_ConcentrationRiskLineItems to us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PostAcuteAndSkilledNursingMember" xlink:label="hcp_PostAcuteAndSkilledNursingMember" xlink:title="PostAcuteAndSkilledNursingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_PostAcuteAndSkilledNursingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_PostAcuteAndSkilledNursingMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskTable" xlink:to="us-gaap_ConcentrationRiskByTypeAxis" xlink:title="Presentation : us-gaap_ConcentrationRiskTable to us-gaap_ConcentrationRiskByTypeAxis" use="optional" order="2" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ScheduleOfCondensedFinancialStatementsByOperatorsTableTextBlock" xlink:label="hcp_ScheduleOfCondensedFinancialStatementsByOperatorsTableTextBlock" xlink:title="ScheduleOfCondensedFinancialStatementsByOperatorsTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="hcp_ScheduleOfCondensedFinancialStatementsByOperatorsTableTextBlock" xlink:title="Presentation : us-gaap_ConcentrationRiskLineItems to hcp_ScheduleOfCondensedFinancialStatementsByOperatorsTableTextBlock" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskTable" xlink:to="us-gaap_ConcentrationRiskLineItems" xlink:title="Presentation : us-gaap_ConcentrationRiskTable to us-gaap_ConcentrationRiskLineItems" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ScheduleOfLeasePaymentsOfTenantPurchaseOptionsTableTextBlock" xlink:label="hcp_ScheduleOfLeasePaymentsOfTenantPurchaseOptionsTableTextBlock" xlink:title="ScheduleOfLeasePaymentsOfTenantPurchaseOptionsTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="hcp_ScheduleOfLeasePaymentsOfTenantPurchaseOptionsTableTextBlock" xlink:title="Presentation : us-gaap_CommitmentsAndContingenciesDisclosureAbstract to hcp_ScheduleOfLeasePaymentsOfTenantPurchaseOptionsTableTextBlock" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfRentExpenseTableTextBlock" xlink:label="us-gaap_ScheduleOfRentExpenseTableTextBlock" xlink:title="ScheduleOfRentExpenseTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="us-gaap_ScheduleOfRentExpenseTableTextBlock" xlink:title="Presentation : us-gaap_CommitmentsAndContingenciesDisclosureAbstract to us-gaap_ScheduleOfRentExpenseTableTextBlock" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureEarningsPerCommonShareDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="us-gaap_EarningsPerShareAbstract" xlink:title="EarningsPerShareAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable" xlink:label="us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable" xlink:title="ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EarningsPerShareAbstract" xlink:to="us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable" xlink:title="Presentation : us-gaap_EarningsPerShareAbstract to us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis" xlink:title="AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable" xlink:to="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis" xlink:title="Presentation : us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable to us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AntidilutiveSecuritiesNameDomain" xlink:label="us-gaap_AntidilutiveSecuritiesNameDomain" xlink:title="AntidilutiveSecuritiesNameDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis" xlink:to="us-gaap_AntidilutiveSecuritiesNameDomain" xlink:title="Presentation : us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis to us-gaap_AntidilutiveSecuritiesNameDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EmployeeStockOptionMember" xlink:label="us-gaap_EmployeeStockOptionMember" xlink:title="EmployeeStockOptionMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AntidilutiveSecuritiesNameDomain" xlink:to="us-gaap_EmployeeStockOptionMember" xlink:title="Presentation : us-gaap_AntidilutiveSecuritiesNameDomain to us-gaap_EmployeeStockOptionMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems" xlink:title="AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract" xlink:title="NetIncomeLossAvailableToCommonStockholdersBasicAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems" xlink:to="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract" xlink:title="Presentation : us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems to us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:label="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:title="IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract" xlink:to="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:title="Presentation : us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract to us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract" xlink:label="us-gaap_EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract" xlink:title="EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:title="WeightedAverageNumberOfSharesOutstandingBasic" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:title="Presentation : us-gaap_EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract to us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EarningsPerShareBasicAbstract" xlink:label="us-gaap_EarningsPerShareBasicAbstract" xlink:title="EarningsPerShareBasicAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:label="us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:title="IncomeLossFromContinuingOperationsPerBasicShare" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EarningsPerShareBasicAbstract" xlink:to="us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:title="Presentation : us-gaap_EarningsPerShareBasicAbstract to us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract" xlink:label="us-gaap_EarningsPerShareDilutedAbstract" xlink:title="EarningsPerShareDilutedAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" xlink:label="us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" xlink:title="IncomeLossFromContinuingOperationsPerDilutedShare" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EarningsPerShareDilutedAbstract" xlink:to="us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" xlink:title="Presentation : us-gaap_EarningsPerShareDilutedAbstract to us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RestrictedStockAndRestrictedStockUnitMember" xlink:label="hcp_RestrictedStockAndRestrictedStockUnitMember" xlink:title="RestrictedStockAndRestrictedStockUnitMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AntidilutiveSecuritiesNameDomain" xlink:to="hcp_RestrictedStockAndRestrictedStockUnitMember" xlink:title="Presentation : us-gaap_AntidilutiveSecuritiesNameDomain to hcp_RestrictedStockAndRestrictedStockUnitMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable" xlink:to="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems" xlink:title="Presentation : us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable to us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity" xlink:label="us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity" xlink:title="IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract" xlink:to="us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity" xlink:title="Presentation : us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract to us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity" use="optional" order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems" xlink:to="us-gaap_EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract" xlink:title="Presentation : us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems to us-gaap_EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:label="us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:title="WeightedAverageNumberDilutedSharesOutstandingAdjustment" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract" xlink:to="us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:title="Presentation : us-gaap_EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract to us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare" xlink:title="IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EarningsPerShareBasicAbstract" xlink:to="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare" xlink:title="Presentation : us-gaap_EarningsPerShareBasicAbstract to us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare" xlink:title="IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EarningsPerShareDilutedAbstract" xlink:to="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare" xlink:title="Presentation : us-gaap_EarningsPerShareDilutedAbstract to us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DownREITMember" xlink:label="hcp_DownREITMember" xlink:title="DownREITMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AntidilutiveSecuritiesNameDomain" xlink:to="hcp_DownREITMember" xlink:title="Presentation : us-gaap_AntidilutiveSecuritiesNameDomain to hcp_DownREITMember" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromContinuingOperations" xlink:label="us-gaap_IncomeLossFromContinuingOperations" xlink:title="IncomeLossFromContinuingOperations" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract" xlink:to="us-gaap_IncomeLossFromContinuingOperations" xlink:title="Presentation : us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract to us-gaap_IncomeLossFromContinuingOperations" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:title="WeightedAverageNumberOfDilutedSharesOutstanding" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract" xlink:to="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:title="Presentation : us-gaap_EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract to us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems" xlink:to="us-gaap_EarningsPerShareBasicAbstract" xlink:title="Presentation : us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems to us-gaap_EarningsPerShareBasicAbstract" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="us-gaap_EarningsPerShareBasic" xlink:title="EarningsPerShareBasic" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EarningsPerShareBasicAbstract" xlink:to="us-gaap_EarningsPerShareBasic" xlink:title="Presentation : us-gaap_EarningsPerShareBasicAbstract to us-gaap_EarningsPerShareBasic" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="us-gaap_EarningsPerShareDiluted" xlink:title="EarningsPerShareDiluted" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EarningsPerShareDilutedAbstract" xlink:to="us-gaap_EarningsPerShareDiluted" xlink:title="Presentation : us-gaap_EarningsPerShareDilutedAbstract to us-gaap_EarningsPerShareDiluted" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarnings" xlink:label="us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarnings" xlink:title="ParticipatingSecuritiesDistributedAndUndistributedEarnings" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract" xlink:to="us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarnings" xlink:title="Presentation : us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract to us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarnings" use="optional" order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems" xlink:to="us-gaap_EarningsPerShareDilutedAbstract" xlink:title="Presentation : us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems to us-gaap_EarningsPerShareDilutedAbstract" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NetIncomeLossContinuingOperationsAvailableToCommonStockholdersBasic" xlink:label="hcp_NetIncomeLossContinuingOperationsAvailableToCommonStockholdersBasic" xlink:title="NetIncomeLossContinuingOperationsAvailableToCommonStockholdersBasic" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract" xlink:to="hcp_NetIncomeLossContinuingOperationsAvailableToCommonStockholdersBasic" xlink:title="Presentation : us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract to hcp_NetIncomeLossContinuingOperationsAvailableToCommonStockholdersBasic" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:title="AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems" xlink:to="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:title="Presentation : us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems to us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:title="IncomeLossFromDiscontinuedOperationsNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract" xlink:to="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:title="Presentation : us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract to us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DownReitLimitedLiabilityCompanyNonmanagingMemberUnitsOutstanding" xlink:label="hcp_DownReitLimitedLiabilityCompanyNonmanagingMemberUnitsOutstanding" xlink:title="DownReitLimitedLiabilityCompanyNonmanagingMemberUnitsOutstanding" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems" xlink:to="hcp_DownReitLimitedLiabilityCompanyNonmanagingMemberUnitsOutstanding" xlink:title="Presentation : us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems to hcp_DownReitLimitedLiabilityCompanyNonmanagingMemberUnitsOutstanding" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest" xlink:title="IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract" xlink:to="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest" xlink:title="Presentation : us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract to us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest" use="optional" order="7" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:title="NetIncomeLossAvailableToCommonStockholdersBasic" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract" xlink:to="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:title="Presentation : us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract to us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="us-gaap_DividendsPreferredStock" xlink:title="DividendsPreferredStock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract" xlink:to="us-gaap_DividendsPreferredStock" xlink:title="Presentation : us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract to us-gaap_DividendsPreferredStock" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureInvestmentsInAndAdvancesToUnconsolidatedJointVenturesDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RangeAxis" xlink:label="us-gaap_RangeAxis" xlink:title="RangeAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RangeMember" xlink:label="us-gaap_RangeMember" xlink:title="RangeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RangeAxis" xlink:to="us-gaap_RangeMember" xlink:title="Presentation : us-gaap_RangeAxis to us-gaap_RangeMember" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MinimumMember" xlink:label="us-gaap_MinimumMember" xlink:title="MinimumMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RangeMember" xlink:to="us-gaap_MinimumMember" xlink:title="Presentation : us-gaap_RangeMember to us-gaap_MinimumMember" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis" xlink:title="StatementBusinessSegmentsAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentDomain" xlink:label="us-gaap_SegmentDomain" xlink:title="SegmentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_SegmentDomain" xlink:title="Presentation : us-gaap_StatementBusinessSegmentsAxis to us-gaap_SegmentDomain" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeniorHousingMember" xlink:label="hcp_SeniorHousingMember" xlink:title="SeniorHousingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_SeniorHousingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_SeniorHousingMember" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:title="ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityMethodInvesteeNameDomain" xlink:label="us-gaap_EquityMethodInvesteeNameDomain" xlink:title="EquityMethodInvesteeNameDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:to="us-gaap_EquityMethodInvesteeNameDomain" xlink:title="Presentation : us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis to us-gaap_EquityMethodInvesteeNameDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HCRManorCareIncMember" xlink:label="hcp_HCRManorCareIncMember" xlink:title="HCRManorCareIncMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityMethodInvesteeNameDomain" xlink:to="hcp_HCRManorCareIncMember" xlink:title="Presentation : us-gaap_EquityMethodInvesteeNameDomain to hcp_HCRManorCareIncMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HCPLifeSciencesMember" xlink:label="hcp_HCPLifeSciencesMember" xlink:title="HCPLifeSciencesMember" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_TorreyPinesScienceCenterMember" xlink:label="hcp_TorreyPinesScienceCenterMember" xlink:title="TorreyPinesScienceCenterMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_HCPLifeSciencesMember" xlink:to="hcp_TorreyPinesScienceCenterMember" xlink:title="Presentation : hcp_HCPLifeSciencesMember to hcp_TorreyPinesScienceCenterMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:label="us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:title="EquityMethodInvestmentsAndJointVenturesAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentsTable" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentsTable" xlink:title="ScheduleOfEquityMethodInvestmentsTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:to="us-gaap_ScheduleOfEquityMethodInvestmentsTable" xlink:title="Presentation : us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract to us-gaap_ScheduleOfEquityMethodInvestmentsTable" use="optional" order="1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentsTable" xlink:to="us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:title="Presentation : us-gaap_ScheduleOfEquityMethodInvestmentsTable to us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:title="ScheduleOfEquityMethodInvestmentsLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:title="InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:to="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:title="Presentation : us-gaap_ScheduleOfEquityMethodInvestmentsLineItems to us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract" xlink:label="hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract" xlink:title="EquityMethodInvestmentsFinancialInformationDetailsAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EquityMethodInvestmentSummarizedFinancialInformationRealEstateNet" xlink:label="hcp_EquityMethodInvestmentSummarizedFinancialInformationRealEstateNet" xlink:title="EquityMethodInvestmentSummarizedFinancialInformationRealEstateNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract" xlink:to="hcp_EquityMethodInvestmentSummarizedFinancialInformationRealEstateNet" xlink:title="Presentation : hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract to hcp_EquityMethodInvestmentSummarizedFinancialInformationRealEstateNet" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MaximumMember" xlink:label="us-gaap_MaximumMember" xlink:title="MaximumMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RangeMember" xlink:to="us-gaap_MaximumMember" xlink:title="Presentation : us-gaap_RangeMember to us-gaap_MaximumMember" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PostAcuteAndSkilledNursingMember" xlink:label="hcp_PostAcuteAndSkilledNursingMember" xlink:title="PostAcuteAndSkilledNursingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_PostAcuteAndSkilledNursingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_PostAcuteAndSkilledNursingMember" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HCPVenturesIIILLCMember" xlink:label="hcp_HCPVenturesIIILLCMember" xlink:title="HCPVenturesIIILLCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityMethodInvesteeNameDomain" xlink:to="hcp_HCPVenturesIIILLCMember" xlink:title="Presentation : us-gaap_EquityMethodInvesteeNameDomain to hcp_HCPVenturesIIILLCMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BritanniaBiotechGatewayLPMember" xlink:label="hcp_BritanniaBiotechGatewayLPMember" xlink:title="BritanniaBiotechGatewayLPMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_HCPLifeSciencesMember" xlink:to="hcp_BritanniaBiotechGatewayLPMember" xlink:title="Presentation : hcp_HCPLifeSciencesMember to hcp_BritanniaBiotechGatewayLPMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentsTable" xlink:to="us-gaap_StatementBusinessSegmentsAxis" xlink:title="Presentation : us-gaap_ScheduleOfEquityMethodInvestmentsTable to us-gaap_StatementBusinessSegmentsAxis" use="optional" order="2" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EquityMethodInvestmentReportedInLiabilities" xlink:label="hcp_EquityMethodInvestmentReportedInLiabilities" xlink:title="EquityMethodInvestmentReportedInLiabilities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:to="hcp_EquityMethodInvestmentReportedInLiabilities" xlink:title="Presentation : us-gaap_ScheduleOfEquityMethodInvestmentsLineItems to hcp_EquityMethodInvestmentReportedInLiabilities" use="optional" order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:to="hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract" xlink:title="Presentation : us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract to hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EquityMethodInvestmentSummarizedFinancialInformationGoodwillAndOtherAssetsNet" xlink:label="hcp_EquityMethodInvestmentSummarizedFinancialInformationGoodwillAndOtherAssetsNet" xlink:title="EquityMethodInvestmentSummarizedFinancialInformationGoodwillAndOtherAssetsNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract" xlink:to="hcp_EquityMethodInvestmentSummarizedFinancialInformationGoodwillAndOtherAssetsNet" xlink:title="Presentation : hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract to hcp_EquityMethodInvestmentSummarizedFinancialInformationGoodwillAndOtherAssetsNet" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LifescienceMember" xlink:label="hcp_LifescienceMember" xlink:title="LifescienceMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_LifescienceMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_LifescienceMember" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HCPVenturesIVLLCMember" xlink:label="hcp_HCPVenturesIVLLCMember" xlink:title="HCPVenturesIVLLCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityMethodInvesteeNameDomain" xlink:to="hcp_HCPVenturesIVLLCMember" xlink:title="Presentation : us-gaap_EquityMethodInvesteeNameDomain to hcp_HCPVenturesIVLLCMember" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LASDKLPMember" xlink:label="hcp_LASDKLPMember" xlink:title="LASDKLPMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_HCPLifeSciencesMember" xlink:to="hcp_LASDKLPMember" xlink:title="Presentation : hcp_HCPLifeSciencesMember to hcp_LASDKLPMember" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentsTable" xlink:to="us-gaap_RangeAxis" xlink:title="Presentation : us-gaap_ScheduleOfEquityMethodInvestmentsTable to us-gaap_RangeAxis" use="optional" order="3" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:label="us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:title="EquityMethodInvestmentOwnershipPercentage" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:to="us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:title="Presentation : us-gaap_ScheduleOfEquityMethodInvestmentsLineItems to us-gaap_EquityMethodInvestmentOwnershipPercentage" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets" xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets" xlink:title="EquityMethodInvestmentSummarizedFinancialInformationAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract" xlink:to="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets" xlink:title="Presentation : hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract to us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HospitalAndMedicalOfficeMember" xlink:label="hcp_HospitalAndMedicalOfficeMember" xlink:title="HospitalAndMedicalOfficeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_HospitalAndMedicalOfficeMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_HospitalAndMedicalOfficeMember" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityMethodInvesteeNameDomain" xlink:to="hcp_HCPLifeSciencesMember" xlink:title="Presentation : us-gaap_EquityMethodInvesteeNameDomain to hcp_HCPLifeSciencesMember" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentsTable" xlink:to="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:title="Presentation : us-gaap_ScheduleOfEquityMethodInvestmentsTable to us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfUnconsolidatedJointVenture" xlink:label="hcp_NumberOfUnconsolidatedJointVenture" xlink:title="NumberOfUnconsolidatedJointVenture" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:to="hcp_NumberOfUnconsolidatedJointVenture" xlink:title="Presentation : us-gaap_ScheduleOfEquityMethodInvestmentsLineItems to hcp_NumberOfUnconsolidatedJointVenture" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EquityMethodInvestmentSummarizedFinancialInformationCapitalLeaseObligationsAndMortgageDebt" xlink:label="hcp_EquityMethodInvestmentSummarizedFinancialInformationCapitalLeaseObligationsAndMortgageDebt" xlink:title="EquityMethodInvestmentSummarizedFinancialInformationCapitalLeaseObligationsAndMortgageDebt" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract" xlink:to="hcp_EquityMethodInvestmentSummarizedFinancialInformationCapitalLeaseObligationsAndMortgageDebt" xlink:title="Presentation : hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract to hcp_EquityMethodInvestmentSummarizedFinancialInformationCapitalLeaseObligationsAndMortgageDebt" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MedicalOfficeMember" xlink:label="hcp_MedicalOfficeMember" xlink:title="MedicalOfficeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_MedicalOfficeMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_MedicalOfficeMember" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SuburbanPropertiesLLCMember" xlink:label="hcp_SuburbanPropertiesLLCMember" xlink:title="SuburbanPropertiesLLCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityMethodInvesteeNameDomain" xlink:to="hcp_SuburbanPropertiesLLCMember" xlink:title="Presentation : us-gaap_EquityMethodInvesteeNameDomain to hcp_SuburbanPropertiesLLCMember" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ReductionOfCapitalLeasesIncomeStatementDirectFinancingLeaseRevenue" xlink:label="hcp_ReductionOfCapitalLeasesIncomeStatementDirectFinancingLeaseRevenue" xlink:title="ReductionOfCapitalLeasesIncomeStatementDirectFinancingLeaseRevenue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:to="hcp_ReductionOfCapitalLeasesIncomeStatementDirectFinancingLeaseRevenue" xlink:title="Presentation : us-gaap_ScheduleOfEquityMethodInvestmentsLineItems to hcp_ReductionOfCapitalLeasesIncomeStatementDirectFinancingLeaseRevenue" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EquityMethodInvestmentSummarizedFinancialInformationAccountsPayable" xlink:label="hcp_EquityMethodInvestmentSummarizedFinancialInformationAccountsPayable" xlink:title="EquityMethodInvestmentSummarizedFinancialInformationAccountsPayable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract" xlink:to="hcp_EquityMethodInvestmentSummarizedFinancialInformationAccountsPayable" xlink:title="Presentation : hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract to hcp_EquityMethodInvestmentSummarizedFinancialInformationAccountsPayable" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AdvancesToUnconsolidatedJointVenturesNetMember" xlink:label="hcp_AdvancesToUnconsolidatedJointVenturesNetMember" xlink:title="AdvancesToUnconsolidatedJointVenturesNetMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityMethodInvesteeNameDomain" xlink:to="hcp_AdvancesToUnconsolidatedJointVenturesNetMember" xlink:title="Presentation : us-gaap_EquityMethodInvesteeNameDomain to hcp_AdvancesToUnconsolidatedJointVenturesNetMember" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EquityMethodInvestmentSummarizedFinancialInformationOtherPartnersCapital" xlink:label="hcp_EquityMethodInvestmentSummarizedFinancialInformationOtherPartnersCapital" xlink:title="EquityMethodInvestmentSummarizedFinancialInformationOtherPartnersCapital" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract" xlink:to="hcp_EquityMethodInvestmentSummarizedFinancialInformationOtherPartnersCapital" xlink:title="Presentation : hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract to hcp_EquityMethodInvestmentSummarizedFinancialInformationOtherPartnersCapital" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EdgewoodAssistedLivingCenterLLCMember" xlink:label="hcp_EdgewoodAssistedLivingCenterLLCMember" xlink:title="EdgewoodAssistedLivingCenterLLCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityMethodInvesteeNameDomain" xlink:to="hcp_EdgewoodAssistedLivingCenterLLCMember" xlink:title="Presentation : us-gaap_EquityMethodInvesteeNameDomain to hcp_EdgewoodAssistedLivingCenterLLCMember" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EquityMethodInvestmentSummarizedFinancialInformationEntityCapital" xlink:label="hcp_EquityMethodInvestmentSummarizedFinancialInformationEntityCapital" xlink:title="EquityMethodInvestmentSummarizedFinancialInformationEntityCapital" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract" xlink:to="hcp_EquityMethodInvestmentSummarizedFinancialInformationEntityCapital" xlink:title="Presentation : hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract to hcp_EquityMethodInvestmentSummarizedFinancialInformationEntityCapital" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeminoleShoresLivingCenterLLCMember" xlink:label="hcp_SeminoleShoresLivingCenterLLCMember" xlink:title="SeminoleShoresLivingCenterLLCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityMethodInvesteeNameDomain" xlink:to="hcp_SeminoleShoresLivingCenterLLCMember" xlink:title="Presentation : us-gaap_EquityMethodInvesteeNameDomain to hcp_SeminoleShoresLivingCenterLLCMember" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity" xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity" xlink:title="EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract" xlink:to="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity" xlink:title="Presentation : hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract to us-gaap_EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeniorHousingPartnershipMember" xlink:label="hcp_SeniorHousingPartnershipMember" xlink:title="SeniorHousingPartnershipMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityMethodInvesteeNameDomain" xlink:to="hcp_SeniorHousingPartnershipMember" xlink:title="Presentation : us-gaap_EquityMethodInvesteeNameDomain to hcp_SeniorHousingPartnershipMember" use="optional" order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:label="us-gaap_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:title="EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract" xlink:to="us-gaap_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:title="Presentation : hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract to us-gaap_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity" use="optional" order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue" xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue" xlink:title="EquityMethodInvestmentSummarizedFinancialInformationRevenue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract" xlink:to="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue" xlink:title="Presentation : hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract to us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EquityMethodInvestmentLossFromDiscontinuedOperation" xlink:label="hcp_EquityMethodInvestmentLossFromDiscontinuedOperation" xlink:title="EquityMethodInvestmentLossFromDiscontinuedOperation" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract" xlink:to="hcp_EquityMethodInvestmentLossFromDiscontinuedOperation" xlink:title="Presentation : hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract to hcp_EquityMethodInvestmentLossFromDiscontinuedOperation" use="optional" order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss" xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss" xlink:title="EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract" xlink:to="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss" xlink:title="Presentation : hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract to us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss" use="optional" order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments" xlink:title="IncomeLossFromEquityMethodInvestments" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract" xlink:to="us-gaap_IncomeLossFromEquityMethodInvestments" xlink:title="Presentation : hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract to us-gaap_IncomeLossFromEquityMethodInvestments" use="optional" order="13" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EquityMethodInvestmentFeesEarned" xlink:label="hcp_EquityMethodInvestmentFeesEarned" xlink:title="EquityMethodInvestmentFeesEarned" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract" xlink:to="hcp_EquityMethodInvestmentFeesEarned" xlink:title="Presentation : hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract to hcp_EquityMethodInvestmentFeesEarned" use="optional" order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EquityMethodInvestmentDividendsOrDistributionsNet" xlink:label="hcp_EquityMethodInvestmentDividendsOrDistributionsNet" xlink:title="EquityMethodInvestmentDividendsOrDistributionsNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract" xlink:to="hcp_EquityMethodInvestmentDividendsOrDistributionsNet" xlink:title="Presentation : hcp_EquityMethodInvestmentsFinancialInformationDetailsAbstract to hcp_EquityMethodInvestmentDividendsOrDistributionsNet" use="optional" order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HospitalMember" xlink:label="hcp_HospitalMember" xlink:title="HospitalMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_HospitalMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_HospitalMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HCPVenturesIIMember" xlink:label="hcp_HCPVenturesIIMember" xlink:title="HCPVenturesIIMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityMethodInvesteeNameDomain" xlink:to="hcp_HCPVenturesIIMember" xlink:title="Presentation : us-gaap_EquityMethodInvesteeNameDomain to hcp_HCPVenturesIIMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EquityMethodInvestmentOwnershipPercentageSubjectToDilution" xlink:label="hcp_EquityMethodInvestmentOwnershipPercentageSubjectToDilution" xlink:title="EquityMethodInvestmentOwnershipPercentageSubjectToDilution" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:to="hcp_EquityMethodInvestmentOwnershipPercentageSubjectToDilution" xlink:title="Presentation : us-gaap_ScheduleOfEquityMethodInvestmentsLineItems to hcp_EquityMethodInvestmentOwnershipPercentageSubjectToDilution" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HorizonBayHydeParkLLCMember" xlink:label="hcp_HorizonBayHydeParkLLCMember" xlink:title="HorizonBayHydeParkLLCMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityMethodInvesteeNameDomain" xlink:to="hcp_HorizonBayHydeParkLLCMember" xlink:title="Presentation : us-gaap_EquityMethodInvesteeNameDomain to hcp_HorizonBayHydeParkLLCMember" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EquityMethodInvestmentRelatedStraightLineRentAssets" xlink:label="hcp_EquityMethodInvestmentRelatedStraightLineRentAssets" xlink:title="EquityMethodInvestmentRelatedStraightLineRentAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:to="hcp_EquityMethodInvestmentRelatedStraightLineRentAssets" xlink:title="Presentation : us-gaap_ScheduleOfEquityMethodInvestmentsLineItems to hcp_EquityMethodInvestmentRelatedStraightLineRentAssets" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsToAcquireEquityMethodInvestments" xlink:label="us-gaap_PaymentsToAcquireEquityMethodInvestments" xlink:title="PaymentsToAcquireEquityMethodInvestments" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:to="us-gaap_PaymentsToAcquireEquityMethodInvestments" xlink:title="Presentation : us-gaap_ScheduleOfEquityMethodInvestmentsLineItems to us-gaap_PaymentsToAcquireEquityMethodInvestments" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_GoodwillImpairmentLoss" xlink:label="us-gaap_GoodwillImpairmentLoss" xlink:title="GoodwillImpairmentLoss" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:to="us-gaap_GoodwillImpairmentLoss" xlink:title="Presentation : us-gaap_ScheduleOfEquityMethodInvestmentsLineItems to us-gaap_GoodwillImpairmentLoss" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/positiveLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityMethodInvestmentOtherThanTemporaryImpairment" xlink:label="us-gaap_EquityMethodInvestmentOtherThanTemporaryImpairment" xlink:title="EquityMethodInvestmentOtherThanTemporaryImpairment" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:to="us-gaap_EquityMethodInvestmentOtherThanTemporaryImpairment" xlink:title="Presentation : us-gaap_ScheduleOfEquityMethodInvestmentsLineItems to us-gaap_EquityMethodInvestmentOtherThanTemporaryImpairment" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureFairValueMeasurementsDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeByNatureAxis" xlink:label="us-gaap_DerivativeByNatureAxis" xlink:title="DerivativeByNatureAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="us-gaap_DerivativeContractTypeDomain" xlink:title="DerivativeContractTypeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeByNatureAxis" xlink:to="us-gaap_DerivativeContractTypeDomain" xlink:title="Presentation : us-gaap_DerivativeByNatureAxis to us-gaap_DerivativeContractTypeDomain" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InterestRateSwapMember" xlink:label="us-gaap_InterestRateSwapMember" xlink:title="InterestRateSwapMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeContractTypeDomain" xlink:to="us-gaap_InterestRateSwapMember" xlink:title="Presentation : us-gaap_DerivativeContractTypeDomain to us-gaap_InterestRateSwapMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="us-gaap_FairValueDisclosuresAbstract" xlink:title="FairValueDisclosuresAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:title="FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueDisclosuresAbstract" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:title="Presentation : us-gaap_FairValueDisclosuresAbstract to us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis" xlink:label="us-gaap_FairValueByMeasurementFrequencyAxis" xlink:title="FairValueByMeasurementFrequencyAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:to="us-gaap_FairValueByMeasurementFrequencyAxis" xlink:title="Presentation : us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable to us-gaap_FairValueByMeasurementFrequencyAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:label="us-gaap_FairValueMeasurementFrequencyDomain" xlink:title="FairValueMeasurementFrequencyDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueByMeasurementFrequencyAxis" xlink:to="us-gaap_FairValueMeasurementFrequencyDomain" xlink:title="Presentation : us-gaap_FairValueByMeasurementFrequencyAxis to us-gaap_FairValueMeasurementFrequencyDomain" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember" xlink:label="us-gaap_FairValueMeasurementsRecurringMember" xlink:title="FairValueMeasurementsRecurringMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueMeasurementFrequencyDomain" xlink:to="us-gaap_FairValueMeasurementsRecurringMember" xlink:title="Presentation : us-gaap_FairValueMeasurementFrequencyDomain to us-gaap_FairValueMeasurementsRecurringMember" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:title="FairValueByFairValueHierarchyLevelAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:title="FairValueMeasurementsFairValueHierarchyDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:to="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:title="Presentation : us-gaap_FairValueByFairValueHierarchyLevelAxis to us-gaap_FairValueMeasurementsFairValueHierarchyDomain" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:label="us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:title="EstimateOfFairValueFairValueDisclosureMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:to="us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:title="Presentation : us-gaap_FairValueMeasurementsFairValueHierarchyDomain to us-gaap_EstimateOfFairValueFairValueDisclosureMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:title="FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAbstract" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAbstract" xlink:title="FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAbstract" xlink:title="Presentation : us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems to us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAbstract" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AvailableForSaleSecurities" xlink:label="us-gaap_AvailableForSaleSecurities" xlink:title="AvailableForSaleSecurities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAbstract" xlink:to="us-gaap_AvailableForSaleSecurities" xlink:title="Presentation : us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAbstract to us-gaap_AvailableForSaleSecurities" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CurrencySwapMember" xlink:label="us-gaap_CurrencySwapMember" xlink:title="CurrencySwapMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeContractTypeDomain" xlink:to="us-gaap_CurrencySwapMember" xlink:title="Presentation : us-gaap_DerivativeContractTypeDomain to us-gaap_CurrencySwapMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:to="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:title="Presentation : us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable to us-gaap_FairValueByFairValueHierarchyLevelAxis" order="2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="us-gaap_FairValueInputsLevel1Member" xlink:title="FairValueInputsLevel1Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:to="us-gaap_FairValueInputsLevel1Member" xlink:title="Presentation : us-gaap_FairValueMeasurementsFairValueHierarchyDomain to us-gaap_FairValueInputsLevel1Member" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeAssets" xlink:label="us-gaap_DerivativeAssets" xlink:title="DerivativeAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAbstract" xlink:to="us-gaap_DerivativeAssets" xlink:title="Presentation : us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAbstract to us-gaap_DerivativeAssets" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_WarrantMember" xlink:label="us-gaap_WarrantMember" xlink:title="WarrantMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeContractTypeDomain" xlink:to="us-gaap_WarrantMember" xlink:title="Presentation : us-gaap_DerivativeContractTypeDomain to us-gaap_WarrantMember" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="us-gaap_FairValueInputsLevel2Member" xlink:title="FairValueInputsLevel2Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:to="us-gaap_FairValueInputsLevel2Member" xlink:title="Presentation : us-gaap_FairValueMeasurementsFairValueHierarchyDomain to us-gaap_FairValueInputsLevel2Member" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:to="us-gaap_DerivativeByNatureAxis" xlink:title="Presentation : us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable to us-gaap_DerivativeByNatureAxis" order="3" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="us-gaap_DerivativeLiabilities" xlink:title="DerivativeLiabilities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAbstract" xlink:to="us-gaap_DerivativeLiabilities" xlink:title="Presentation : us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAbstract to us-gaap_DerivativeLiabilities" use="optional" order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="us-gaap_FairValueInputsLevel3Member" xlink:title="FairValueInputsLevel3Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:to="us-gaap_FairValueInputsLevel3Member" xlink:title="Presentation : us-gaap_FairValueMeasurementsFairValueHierarchyDomain to us-gaap_FairValueInputsLevel3Member" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:title="Presentation : us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable to us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AssetsNet" xlink:label="us-gaap_AssetsNet" xlink:title="AssetsNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAbstract" xlink:to="us-gaap_AssetsNet" xlink:title="Presentation : us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAbstract to us-gaap_AssetsNet" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureImpairmentsDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis" xlink:title="StatementBusinessSegmentsAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentDomain" xlink:label="us-gaap_SegmentDomain" xlink:title="SegmentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_SegmentDomain" xlink:title="Presentation : us-gaap_StatementBusinessSegmentsAxis to us-gaap_SegmentDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MedicalOfficeMember" xlink:label="hcp_MedicalOfficeMember" xlink:title="MedicalOfficeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_MedicalOfficeMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_MedicalOfficeMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:title="AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="us-gaap_ReceivableTypeDomain" xlink:title="ReceivableTypeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:to="us-gaap_ReceivableTypeDomain" xlink:title="Presentation : us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis to us-gaap_ReceivableTypeDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DelphisOperationsLPSeniorSecuredTermLoanMember" xlink:label="hcp_DelphisOperationsLPSeniorSecuredTermLoanMember" xlink:title="DelphisOperationsLPSeniorSecuredTermLoanMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReceivableTypeDomain" xlink:to="hcp_DelphisOperationsLPSeniorSecuredTermLoanMember" xlink:title="Presentation : us-gaap_ReceivableTypeDomain to hcp_DelphisOperationsLPSeniorSecuredTermLoanMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ImpairmentsDisclosureAbstract" xlink:label="hcp_ImpairmentsDisclosureAbstract" xlink:title="ImpairmentsDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfSignificantAcquisitionsAndDisposalsTable" xlink:label="us-gaap_ScheduleOfSignificantAcquisitionsAndDisposalsTable" xlink:title="ScheduleOfSignificantAcquisitionsAndDisposalsTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ImpairmentsDisclosureAbstract" xlink:to="us-gaap_ScheduleOfSignificantAcquisitionsAndDisposalsTable" xlink:title="Presentation : hcp_ImpairmentsDisclosureAbstract to us-gaap_ScheduleOfSignificantAcquisitionsAndDisposalsTable" use="optional" order="1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfSignificantAcquisitionsAndDisposalsTable" xlink:to="us-gaap_StatementBusinessSegmentsAxis" xlink:title="Presentation : us-gaap_ScheduleOfSignificantAcquisitionsAndDisposalsTable to us-gaap_StatementBusinessSegmentsAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LifescienceMember" xlink:label="hcp_LifescienceMember" xlink:title="LifescienceMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_LifescienceMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_LifescienceMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfSignificantAcquisitionsAndDisposalsTable" xlink:to="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:title="Presentation : us-gaap_ScheduleOfSignificantAcquisitionsAndDisposalsTable to us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" use="optional" order="2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SignificantAcquisitionsAndDisposalsLineItems" xlink:label="us-gaap_SignificantAcquisitionsAndDisposalsLineItems" xlink:title="SignificantAcquisitionsAndDisposalsLineItems" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfSignificantAcquisitionsAndDisposalsTable" xlink:to="us-gaap_SignificantAcquisitionsAndDisposalsLineItems" xlink:title="Presentation : us-gaap_ScheduleOfSignificantAcquisitionsAndDisposalsTable to us-gaap_SignificantAcquisitionsAndDisposalsLineItems" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ImpairmentOfRealEstate" xlink:label="us-gaap_ImpairmentOfRealEstate" xlink:title="ImpairmentOfRealEstate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SignificantAcquisitionsAndDisposalsLineItems" xlink:to="us-gaap_ImpairmentOfRealEstate" xlink:title="Presentation : us-gaap_SignificantAcquisitionsAndDisposalsLineItems to us-gaap_ImpairmentOfRealEstate" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease" xlink:title="AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SignificantAcquisitionsAndDisposalsLineItems" xlink:to="us-gaap_AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease" xlink:title="Presentation : us-gaap_SignificantAcquisitionsAndDisposalsLineItems to us-gaap_AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ImpairmentDueToTransferOfProperties" xlink:label="hcp_ImpairmentDueToTransferOfProperties" xlink:title="ImpairmentDueToTransferOfProperties" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SignificantAcquisitionsAndDisposalsLineItems" xlink:to="hcp_ImpairmentDueToTransferOfProperties" xlink:title="Presentation : us-gaap_SignificantAcquisitionsAndDisposalsLineItems to hcp_ImpairmentDueToTransferOfProperties" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_TransferOfPropertiesNumber" xlink:label="hcp_TransferOfPropertiesNumber" xlink:title="TransferOfPropertiesNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SignificantAcquisitionsAndDisposalsLineItems" xlink:to="hcp_TransferOfPropertiesNumber" xlink:title="Presentation : us-gaap_SignificantAcquisitionsAndDisposalsLineItems to hcp_TransferOfPropertiesNumber" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ImpairmentOfFacilitiesDueToDecreaseInExpectedCashFlowsNumber" xlink:label="hcp_ImpairmentOfFacilitiesDueToDecreaseInExpectedCashFlowsNumber" xlink:title="ImpairmentOfFacilitiesDueToDecreaseInExpectedCashFlowsNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SignificantAcquisitionsAndDisposalsLineItems" xlink:to="hcp_ImpairmentOfFacilitiesDueToDecreaseInExpectedCashFlowsNumber" xlink:title="Presentation : us-gaap_SignificantAcquisitionsAndDisposalsLineItems to hcp_ImpairmentOfFacilitiesDueToDecreaseInExpectedCashFlowsNumber" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ImpairmentOfFacilitiesDueToDecreaseInExpectedCashFlows" xlink:label="hcp_ImpairmentOfFacilitiesDueToDecreaseInExpectedCashFlows" xlink:title="ImpairmentOfFacilitiesDueToDecreaseInExpectedCashFlows" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SignificantAcquisitionsAndDisposalsLineItems" xlink:to="hcp_ImpairmentOfFacilitiesDueToDecreaseInExpectedCashFlows" xlink:title="Presentation : us-gaap_SignificantAcquisitionsAndDisposalsLineItems to hcp_ImpairmentOfFacilitiesDueToDecreaseInExpectedCashFlows" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EarlyTerminationOfLeasesNumber" xlink:label="hcp_EarlyTerminationOfLeasesNumber" xlink:title="EarlyTerminationOfLeasesNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SignificantAcquisitionsAndDisposalsLineItems" xlink:to="hcp_EarlyTerminationOfLeasesNumber" xlink:title="Presentation : us-gaap_SignificantAcquisitionsAndDisposalsLineItems to hcp_EarlyTerminationOfLeasesNumber" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ImpairedDirectFinanceLeasesNumber" xlink:label="hcp_ImpairedDirectFinanceLeasesNumber" xlink:title="ImpairedDirectFinanceLeasesNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SignificantAcquisitionsAndDisposalsLineItems" xlink:to="hcp_ImpairedDirectFinanceLeasesNumber" xlink:title="Presentation : us-gaap_SignificantAcquisitionsAndDisposalsLineItems to hcp_ImpairedDirectFinanceLeasesNumber" use="optional" order="8005" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ImpairmentOfLeaseDueToEarlyTermination" xlink:label="hcp_ImpairmentOfLeaseDueToEarlyTermination" xlink:title="ImpairmentOfLeaseDueToEarlyTermination" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SignificantAcquisitionsAndDisposalsLineItems" xlink:to="hcp_ImpairmentOfLeaseDueToEarlyTermination" xlink:title="Presentation : us-gaap_SignificantAcquisitionsAndDisposalsLineItems to hcp_ImpairmentOfLeaseDueToEarlyTermination" use="optional" order="8006" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ImpairmentOfLeasehold" xlink:label="us-gaap_ImpairmentOfLeasehold" xlink:title="ImpairmentOfLeasehold" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SignificantAcquisitionsAndDisposalsLineItems" xlink:to="us-gaap_ImpairmentOfLeasehold" xlink:title="Presentation : us-gaap_SignificantAcquisitionsAndDisposalsLineItems to us-gaap_ImpairmentOfLeasehold" use="optional" order="8007" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EquityMethodInvestmentsBeforeImpairment" xlink:label="hcp_EquityMethodInvestmentsBeforeImpairment" xlink:title="EquityMethodInvestmentsBeforeImpairment" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SignificantAcquisitionsAndDisposalsLineItems" xlink:to="hcp_EquityMethodInvestmentsBeforeImpairment" xlink:title="Presentation : us-gaap_SignificantAcquisitionsAndDisposalsLineItems to hcp_EquityMethodInvestmentsBeforeImpairment" use="optional" order="8008" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityMethodInvestments" xlink:label="us-gaap_EquityMethodInvestments" xlink:title="EquityMethodInvestments" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SignificantAcquisitionsAndDisposalsLineItems" xlink:to="us-gaap_EquityMethodInvestments" xlink:title="Presentation : us-gaap_SignificantAcquisitionsAndDisposalsLineItems to us-gaap_EquityMethodInvestments" use="optional" order="8009" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AreaOfRealEstateProperty" xlink:label="us-gaap_AreaOfRealEstateProperty" xlink:title="AreaOfRealEstateProperty" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SignificantAcquisitionsAndDisposalsLineItems" xlink:to="us-gaap_AreaOfRealEstateProperty" xlink:title="Presentation : us-gaap_SignificantAcquisitionsAndDisposalsLineItems to us-gaap_AreaOfRealEstateProperty" use="optional" order="8010" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AreaOfLeaseExtension" xlink:label="hcp_AreaOfLeaseExtension" xlink:title="AreaOfLeaseExtension" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SignificantAcquisitionsAndDisposalsLineItems" xlink:to="hcp_AreaOfLeaseExtension" xlink:title="Presentation : us-gaap_SignificantAcquisitionsAndDisposalsLineItems to hcp_AreaOfLeaseExtension" use="optional" order="8011" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AreaOfRealEstateToBeDeveloped" xlink:label="hcp_AreaOfRealEstateToBeDeveloped" xlink:title="AreaOfRealEstateToBeDeveloped" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SignificantAcquisitionsAndDisposalsLineItems" xlink:to="hcp_AreaOfRealEstateToBeDeveloped" xlink:title="Presentation : us-gaap_SignificantAcquisitionsAndDisposalsLineItems to hcp_AreaOfRealEstateToBeDeveloped" use="optional" order="8012" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureSelectedQuarterlyFinancialDataDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="us-gaap_BusinessAcquisitionAxis" xlink:title="BusinessAcquisitionAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:title="BusinessAcquisitionAcquireeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAxis" xlink:to="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:title="Presentation : us-gaap_BusinessAcquisitionAxis to us-gaap_BusinessAcquisitionAcquireeDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BlackstoneJVMember" xlink:label="hcp_BlackstoneJVMember" xlink:title="BlackstoneJVMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:to="hcp_BlackstoneJVMember" xlink:title="Presentation : us-gaap_BusinessAcquisitionAcquireeDomain to hcp_BlackstoneJVMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis" xlink:title="StatementBusinessSegmentsAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentDomain" xlink:label="us-gaap_SegmentDomain" xlink:title="SegmentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_SegmentDomain" xlink:title="Presentation : us-gaap_StatementBusinessSegmentsAxis to us-gaap_SegmentDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeniorHousingMember" xlink:label="hcp_SeniorHousingMember" xlink:title="SeniorHousingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_SeniorHousingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_SeniorHousingMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable" xlink:title="StatementTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_BusinessAcquisitionAxis" xlink:title="Presentation : us-gaap_StatementTable to us-gaap_BusinessAcquisitionAxis" use="optional" order="1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementBusinessSegmentsAxis" xlink:title="Presentation : us-gaap_StatementTable to us-gaap_StatementBusinessSegmentsAxis" use="optional" order="2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementLineItems" xlink:label="us-gaap_StatementLineItems" xlink:title="StatementLineItems" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementLineItems" xlink:title="Presentation : us-gaap_StatementTable to us-gaap_StatementLineItems" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:label="us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:title="QuarterlyFinancialInformationDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CommonStockDividendsPerShareCashPaid" xlink:label="us-gaap_CommonStockDividendsPerShareCashPaid" xlink:title="CommonStockDividendsPerShareCashPaid" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:to="us-gaap_CommonStockDividendsPerShareCashPaid" xlink:title="Presentation : us-gaap_QuarterlyFinancialInformationDisclosureAbstract to us-gaap_CommonStockDividendsPerShareCashPaid" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:to="us-gaap_StatementTable" xlink:title="Presentation : us-gaap_QuarterlyFinancialInformationDisclosureAbstract to us-gaap_StatementTable" use="optional" order="9" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ImpairedDirectFinanceLeasesNumber" xlink:label="hcp_ImpairedDirectFinanceLeasesNumber" xlink:title="ImpairedDirectFinanceLeasesNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:to="hcp_ImpairedDirectFinanceLeasesNumber" xlink:title="Presentation : us-gaap_QuarterlyFinancialInformationDisclosureAbstract to hcp_ImpairedDirectFinanceLeasesNumber" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ConcentrationRiskIncreaseInRevenue" xlink:label="hcp_ConcentrationRiskIncreaseInRevenue" xlink:title="ConcentrationRiskIncreaseInRevenue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:to="hcp_ConcentrationRiskIncreaseInRevenue" xlink:title="Presentation : us-gaap_QuarterlyFinancialInformationDisclosureAbstract to hcp_ConcentrationRiskIncreaseInRevenue" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureSegmentDisclosuresDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis" xlink:title="StatementBusinessSegmentsAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentDomain" xlink:label="us-gaap_SegmentDomain" xlink:title="SegmentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_SegmentDomain" xlink:title="Presentation : us-gaap_StatementBusinessSegmentsAxis to us-gaap_SegmentDomain" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeniorHousingMember" xlink:label="hcp_SeniorHousingMember" xlink:title="SeniorHousingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_SeniorHousingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_SeniorHousingMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentReportingAbstract" xlink:label="us-gaap_SegmentReportingAbstract" xlink:title="SegmentReportingAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:title="ScheduleOfSegmentReportingInformationBySegmentTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingAbstract" xlink:to="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:title="Presentation : us-gaap_SegmentReportingAbstract to us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" use="optional" order="1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:to="us-gaap_StatementBusinessSegmentsAxis" xlink:title="Presentation : us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable to us-gaap_StatementBusinessSegmentsAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="us-gaap_SegmentReportingInformationLineItems" xlink:title="SegmentReportingInformationLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentReportingInformationRevenueAbstract" xlink:label="us-gaap_SegmentReportingInformationRevenueAbstract" xlink:title="SegmentReportingInformationRevenueAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingInformationLineItems" xlink:to="us-gaap_SegmentReportingInformationRevenueAbstract" xlink:title="Presentation : us-gaap_SegmentReportingInformationLineItems to us-gaap_SegmentReportingInformationRevenueAbstract" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NumberOfOperatingSegments" xlink:label="us-gaap_NumberOfOperatingSegments" xlink:title="NumberOfOperatingSegments" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingInformationRevenueAbstract" xlink:to="us-gaap_NumberOfOperatingSegments" xlink:title="Presentation : us-gaap_SegmentReportingInformationRevenueAbstract to us-gaap_NumberOfOperatingSegments" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PostAcuteAndSkilledNursingMember" xlink:label="hcp_PostAcuteAndSkilledNursingMember" xlink:title="PostAcuteAndSkilledNursingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_PostAcuteAndSkilledNursingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_PostAcuteAndSkilledNursingMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:to="us-gaap_SegmentReportingInformationLineItems" xlink:title="Presentation : us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable to us-gaap_SegmentReportingInformationLineItems" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RentalRevenues" xlink:label="hcp_RentalRevenues" xlink:title="RentalRevenues" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingInformationRevenueAbstract" xlink:to="hcp_RentalRevenues" xlink:title="Presentation : us-gaap_SegmentReportingInformationRevenueAbstract to hcp_RentalRevenues" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LifescienceMember" xlink:label="hcp_LifescienceMember" xlink:title="LifescienceMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_LifescienceMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_LifescienceMember" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_HealthCareOrganizationResidentServiceRevenue" xlink:label="us-gaap_HealthCareOrganizationResidentServiceRevenue" xlink:title="HealthCareOrganizationResidentServiceRevenue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingInformationRevenueAbstract" xlink:to="us-gaap_HealthCareOrganizationResidentServiceRevenue" xlink:title="Presentation : us-gaap_SegmentReportingInformationRevenueAbstract to us-gaap_HealthCareOrganizationResidentServiceRevenue" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MedicalOfficeMember" xlink:label="hcp_MedicalOfficeMember" xlink:title="MedicalOfficeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_MedicalOfficeMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_MedicalOfficeMember" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InterestIncomeOperating" xlink:label="us-gaap_InterestIncomeOperating" xlink:title="InterestIncomeOperating" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingInformationRevenueAbstract" xlink:to="us-gaap_InterestIncomeOperating" xlink:title="Presentation : us-gaap_SegmentReportingInformationRevenueAbstract to us-gaap_InterestIncomeOperating" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HospitalMember" xlink:label="hcp_HospitalMember" xlink:title="HospitalMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_HospitalMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_HospitalMember" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ManagementFeesRevenue" xlink:label="us-gaap_ManagementFeesRevenue" xlink:title="ManagementFeesRevenue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingInformationRevenueAbstract" xlink:to="us-gaap_ManagementFeesRevenue" xlink:title="Presentation : us-gaap_SegmentReportingInformationRevenueAbstract to us-gaap_ManagementFeesRevenue" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_Revenues" xlink:label="us-gaap_Revenues" xlink:title="Revenues" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingInformationRevenueAbstract" xlink:to="us-gaap_Revenues" xlink:title="Presentation : us-gaap_SegmentReportingInformationRevenueAbstract to us-gaap_Revenues" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NetOperatingIncomeFromContinuingOperations" xlink:label="hcp_NetOperatingIncomeFromContinuingOperations" xlink:title="NetOperatingIncomeFromContinuingOperations" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingInformationRevenueAbstract" xlink:to="hcp_NetOperatingIncomeFromContinuingOperations" xlink:title="Presentation : us-gaap_SegmentReportingInformationRevenueAbstract to hcp_NetOperatingIncomeFromContinuingOperations" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AdjustedNetOperatingIncomeFromContinuingOperations" xlink:label="hcp_AdjustedNetOperatingIncomeFromContinuingOperations" xlink:title="AdjustedNetOperatingIncomeFromContinuingOperations" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingInformationRevenueAbstract" xlink:to="hcp_AdjustedNetOperatingIncomeFromContinuingOperations" xlink:title="Presentation : us-gaap_SegmentReportingInformationRevenueAbstract to hcp_AdjustedNetOperatingIncomeFromContinuingOperations" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureSelectedQuarterlyFinancialDataDetails2">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:title="AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="us-gaap_ReceivableTypeDomain" xlink:title="ReceivableTypeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:to="us-gaap_ReceivableTypeDomain" xlink:title="Presentation : us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis to us-gaap_ReceivableTypeDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BarchesterLoanMember" xlink:label="hcp_BarchesterLoanMember" xlink:title="BarchesterLoanMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReceivableTypeDomain" xlink:to="hcp_BarchesterLoanMember" xlink:title="Presentation : us-gaap_ReceivableTypeDomain to hcp_BarchesterLoanMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:title="ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:to="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:title="Presentation : us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable to us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:label="us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:title="QuarterlyFinancialInformationDisclosureAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:to="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:title="Presentation : us-gaap_QuarterlyFinancialInformationDisclosureAbstract to us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:title="AccountsNotesAndLoansReceivableLineItems" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:to="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:title="Presentation : us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable to us-gaap_AccountsNotesAndLoansReceivableLineItems" use="optional" order="2" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureCompensationPlansDetails2">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RangeAxis" xlink:label="us-gaap_RangeAxis" xlink:title="RangeAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RangeMember" xlink:label="us-gaap_RangeMember" xlink:title="RangeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RangeAxis" xlink:to="us-gaap_RangeMember" xlink:title="Presentation : us-gaap_RangeAxis to us-gaap_RangeMember" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MinimumMember" xlink:label="us-gaap_MinimumMember" xlink:title="MinimumMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RangeMember" xlink:to="us-gaap_MinimumMember" xlink:title="Presentation : us-gaap_RangeMember to us-gaap_MinimumMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RestrictedStockAndRestrictedStockUnitMember" xlink:label="hcp_RestrictedStockAndRestrictedStockUnitMember" xlink:title="RestrictedStockAndRestrictedStockUnitMember" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RestrictedStockMember" xlink:label="us-gaap_RestrictedStockMember" xlink:title="RestrictedStockMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_RestrictedStockAndRestrictedStockUnitMember" xlink:to="us-gaap_RestrictedStockMember" xlink:title="Presentation : hcp_RestrictedStockAndRestrictedStockUnitMember to us-gaap_RestrictedStockMember" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_TitleOfIndividualAxis" xlink:label="us-gaap_TitleOfIndividualAxis" xlink:title="TitleOfIndividualAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:label="us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:title="TitleOfIndividualWithRelationshipToEntityDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_TitleOfIndividualAxis" xlink:to="us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:title="Presentation : us-gaap_TitleOfIndividualAxis to us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ChiefExecutiveOfficerMember" xlink:label="us-gaap_ChiefExecutiveOfficerMember" xlink:title="ChiefExecutiveOfficerMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:to="us-gaap_ChiefExecutiveOfficerMember" xlink:title="Presentation : us-gaap_TitleOfIndividualWithRelationshipToEntityDomain to us-gaap_ChiefExecutiveOfficerMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:title="DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:title="ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:title="Presentation : us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract to us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:title="ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:to="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:title="Presentation : us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable to us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:title="ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:to="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:title="Presentation : us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis to us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RangeOfExercisePrice23.34To25.52Member" xlink:label="hcp_RangeOfExercisePrice23.34To25.52Member" xlink:title="RangeOfExercisePrice23.34To25.52Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:to="hcp_RangeOfExercisePrice23.34To25.52Member" xlink:title="Presentation : us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain to hcp_RangeOfExercisePrice23.34To25.52Member" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PlanNameAxis" xlink:label="us-gaap_PlanNameAxis" xlink:title="PlanNameAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PlanNameDomain" xlink:label="us-gaap_PlanNameDomain" xlink:title="PlanNameDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_PlanNameAxis" xlink:to="us-gaap_PlanNameDomain" xlink:title="Presentation : us-gaap_PlanNameAxis to us-gaap_PlanNameDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_StockBasedCompensation2006IncentivePlanMember" xlink:label="hcp_StockBasedCompensation2006IncentivePlanMember" xlink:title="StockBasedCompensation2006IncentivePlanMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_PlanNameDomain" xlink:to="hcp_StockBasedCompensation2006IncentivePlanMember" xlink:title="Presentation : us-gaap_PlanNameDomain to hcp_StockBasedCompensation2006IncentivePlanMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EmployeeStockOptionMember" xlink:label="us-gaap_EmployeeStockOptionMember" xlink:title="EmployeeStockOptionMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_StockBasedCompensation2006IncentivePlanMember" xlink:to="us-gaap_EmployeeStockOptionMember" xlink:title="Presentation : hcp_StockBasedCompensation2006IncentivePlanMember to us-gaap_EmployeeStockOptionMember" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract" xlink:label="hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract" xlink:title="ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:to="hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems to hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit" xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit" xlink:title="ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract" xlink:to="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit" xlink:title="Presentation : hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract to us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward" xlink:label="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedOutstandingNumber" xlink:label="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedOutstandingNumber" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedOutstandingNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward" xlink:to="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedOutstandingNumber" xlink:title="Presentation : hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward to hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedOutstandingNumber" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalIntrinsicValue" xlink:label="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalIntrinsicValue" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalIntrinsicValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract" xlink:to="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalIntrinsicValue" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract to hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalIntrinsicValue" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityPeriod" xlink:label="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityPeriod" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityPeriod" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract" xlink:to="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityPeriod" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract to hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityPeriod" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RestructuringChargesAbstract" xlink:label="us-gaap_RestructuringChargesAbstract" xlink:title="RestructuringChargesAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SeveranceCosts1" xlink:label="us-gaap_SeveranceCosts1" xlink:title="SeveranceCosts1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RestructuringChargesAbstract" xlink:to="us-gaap_SeveranceCosts1" xlink:title="Presentation : us-gaap_RestructuringChargesAbstract to us-gaap_SeveranceCosts1" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DefinedContributionPensionAndOtherPostretirementPlansDisclosureAbstract" xlink:label="us-gaap_DefinedContributionPensionAndOtherPostretirementPlansDisclosureAbstract" xlink:title="DefinedContributionPensionAndOtherPostretirementPlansDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DefinedContributionPlanMatchingContributionMaximumPercentage" xlink:label="hcp_DefinedContributionPlanMatchingContributionMaximumPercentage" xlink:title="DefinedContributionPlanMatchingContributionMaximumPercentage" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DefinedContributionPensionAndOtherPostretirementPlansDisclosureAbstract" xlink:to="hcp_DefinedContributionPlanMatchingContributionMaximumPercentage" xlink:title="Presentation : us-gaap_DefinedContributionPensionAndOtherPostretirementPlansDisclosureAbstract to hcp_DefinedContributionPlanMatchingContributionMaximumPercentage" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MaximumMember" xlink:label="us-gaap_MaximumMember" xlink:title="MaximumMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RangeMember" xlink:to="us-gaap_MaximumMember" xlink:title="Presentation : us-gaap_RangeMember to us-gaap_MaximumMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RestrictedStockUnitsRSUMember" xlink:label="us-gaap_RestrictedStockUnitsRSUMember" xlink:title="RestrictedStockUnitsRSUMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_RestrictedStockAndRestrictedStockUnitMember" xlink:to="us-gaap_RestrictedStockUnitsRSUMember" xlink:title="Presentation : hcp_RestrictedStockAndRestrictedStockUnitMember to us-gaap_RestrictedStockUnitsRSUMember" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RangeOfExercisePrice27.11To28.35Member" xlink:label="hcp_RangeOfExercisePrice27.11To28.35Member" xlink:title="RangeOfExercisePrice27.11To28.35Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:to="hcp_RangeOfExercisePrice27.11To28.35Member" xlink:title="Presentation : us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain to hcp_RangeOfExercisePrice27.11To28.35Member" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:to="us-gaap_PlanNameAxis" xlink:title="Presentation : us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable to us-gaap_PlanNameAxis" use="optional" order="2" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_PlanNameDomain" xlink:to="hcp_RestrictedStockAndRestrictedStockUnitMember" xlink:title="Presentation : us-gaap_PlanNameDomain to hcp_RestrictedStockAndRestrictedStockUnitMember" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit" xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit" xlink:title="ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract" xlink:to="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit" xlink:title="Presentation : hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract to us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:title="Presentation : hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedIntrinsicValue" xlink:label="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedIntrinsicValue" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedIntrinsicValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract" xlink:to="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedIntrinsicValue" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract to hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedIntrinsicValue" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardConversionRatio" xlink:label="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardConversionRatio" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardConversionRatio" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract" xlink:to="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardConversionRatio" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract to hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardConversionRatio" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RestructuringChargesAbstract" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost" xlink:title="Presentation : us-gaap_RestructuringChargesAbstract to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DefinedContributionPlanCostRecognized" xlink:label="us-gaap_DefinedContributionPlanCostRecognized" xlink:title="DefinedContributionPlanCostRecognized" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DefinedContributionPensionAndOtherPostretirementPlansDisclosureAbstract" xlink:to="us-gaap_DefinedContributionPlanCostRecognized" xlink:title="Presentation : us-gaap_DefinedContributionPensionAndOtherPostretirementPlansDisclosureAbstract to us-gaap_DefinedContributionPlanCostRecognized" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RangeOfExercisePrice31.95To46.92Member" xlink:label="hcp_RangeOfExercisePrice31.95To46.92Member" xlink:title="RangeOfExercisePrice31.95To46.92Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:to="hcp_RangeOfExercisePrice31.95To46.92Member" xlink:title="Presentation : us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain to hcp_RangeOfExercisePrice31.95To46.92Member" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:to="us-gaap_TitleOfIndividualAxis" xlink:title="Presentation : us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable to us-gaap_TitleOfIndividualAxis" use="optional" order="3" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions" xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions" xlink:title="ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract" xlink:to="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions" xlink:title="Presentation : hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract to us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriod" xlink:label="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriod" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriod" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward" xlink:to="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriod" xlink:title="Presentation : hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward to hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriod" use="optional" order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions" xlink:title="EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract" xlink:to="us-gaap_EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract to us-gaap_EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:title="SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract to us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ShareBasedCompensationByShareBasedPaymentAwardSharesWithheldToOffsetTaxWithholdingObligations" xlink:label="hcp_ShareBasedCompensationByShareBasedPaymentAwardSharesWithheldToOffsetTaxWithholdingObligations" xlink:title="ShareBasedCompensationByShareBasedPaymentAwardSharesWithheldToOffsetTaxWithholdingObligations" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract" xlink:to="hcp_ShareBasedCompensationByShareBasedPaymentAwardSharesWithheldToOffsetTaxWithholdingObligations" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract to hcp_ShareBasedCompensationByShareBasedPaymentAwardSharesWithheldToOffsetTaxWithholdingObligations" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" use="optional" order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeverancePaymentsAndOtherCosts" xlink:label="hcp_SeverancePaymentsAndOtherCosts" xlink:title="SeverancePaymentsAndOtherCosts" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RestructuringChargesAbstract" xlink:to="hcp_SeverancePaymentsAndOtherCosts" xlink:title="Presentation : us-gaap_RestructuringChargesAbstract to hcp_SeverancePaymentsAndOtherCosts" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:to="us-gaap_RangeAxis" xlink:title="Presentation : us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable to us-gaap_RangeAxis" use="optional" order="4" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1" xlink:label="us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1" xlink:title="SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract" xlink:to="us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1" xlink:title="Presentation : hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract to us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" xlink:title="Presentation : hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" use="optional" order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" use="optional" order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:title="Presentation : us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2" xlink:label="us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2" xlink:title="SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract" xlink:to="us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2" xlink:title="Presentation : hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract to us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedOutstandingNumber" xlink:label="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedOutstandingNumber_1" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedOutstandingNumber_1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward" xlink:to="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedOutstandingNumber_1" xlink:title="Presentation : hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward to hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedOutstandingNumber" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:label="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_2" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_2" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward" xlink:to="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_2" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions" xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions" xlink:title="ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract" xlink:to="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions" xlink:title="Presentation : hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract to us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedWeightedAverageGrantDateFairValue" xlink:label="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedWeightedAverageGrantDateFairValue" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedWeightedAverageGrantDateFairValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward" xlink:to="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedWeightedAverageGrantDateFairValue" xlink:title="Presentation : hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward to hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedWeightedAverageGrantDateFairValue" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1" xlink:label="us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1" xlink:title="SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract" xlink:to="us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1" xlink:title="Presentation : hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract to us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:title="Presentation : hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract" xlink:to="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward" xlink:title="Presentation : hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract to hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:label="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateFairValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward" xlink:to="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:title="Presentation : hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward to hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateFairValue" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedForfeituresInPeriodWeightedAverageGrantDateFairValue" xlink:label="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedForfeituresInPeriodWeightedAverageGrantDateFairValue" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedForfeituresInPeriodWeightedAverageGrantDateFairValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward" xlink:to="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedForfeituresInPeriodWeightedAverageGrantDateFairValue" xlink:title="Presentation : hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward to hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedForfeituresInPeriodWeightedAverageGrantDateFairValue" use="optional" order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract" xlink:title="Presentation : hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract" use="optional" order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue" order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedWeightedAverageGrantDateFairValue" xlink:label="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedWeightedAverageGrantDateFairValue_3" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedWeightedAverageGrantDateFairValue_3" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward" xlink:to="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedWeightedAverageGrantDateFairValue_3" xlink:title="Presentation : hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedRollForward to hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedWeightedAverageGrantDateFairValue" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract" xlink:title="Presentation : hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_4" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_4" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward" xlink:to="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_4" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract" xlink:title="Presentation : hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract" use="optional" order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract" xlink:to="us-gaap_RestructuringChargesAbstract" xlink:title="Presentation : hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract to us-gaap_RestructuringChargesAbstract" use="optional" order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract" xlink:to="us-gaap_DefinedContributionPensionAndOtherPostretirementPlansDisclosureAbstract" xlink:title="Presentation : hcp_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeAbstract to us-gaap_DefinedContributionPensionAndOtherPostretirementPlansDisclosureAbstract" use="optional" order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ChairmanAndChiefExecutiveOfficerMember" xlink:label="hcp_ChairmanAndChiefExecutiveOfficerMember" xlink:title="ChairmanAndChiefExecutiveOfficerMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:to="hcp_ChairmanAndChiefExecutiveOfficerMember" xlink:title="Presentation : us-gaap_TitleOfIndividualWithRelationshipToEntityDomain to hcp_ChairmanAndChiefExecutiveOfficerMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RangeOfExercisePrice31.95To39.72Member" xlink:label="hcp_RangeOfExercisePrice31.95To39.72Member" xlink:title="RangeOfExercisePrice31.95To39.72Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:to="hcp_RangeOfExercisePrice31.95To39.72Member" xlink:title="Presentation : us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain to hcp_RangeOfExercisePrice31.95To39.72Member" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RangeOfExercisePrice31.95To41.64Member" xlink:label="hcp_RangeOfExercisePrice31.95To41.64Member" xlink:title="RangeOfExercisePrice31.95To41.64Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:to="hcp_RangeOfExercisePrice31.95To41.64Member" xlink:title="Presentation : us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain to hcp_RangeOfExercisePrice31.95To41.64Member" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureIncomeTaxesDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="us-gaap_BusinessAcquisitionAxis" xlink:title="BusinessAcquisitionAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:title="BusinessAcquisitionAcquireeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAxis" xlink:to="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:title="Presentation : us-gaap_BusinessAcquisitionAxis to us-gaap_BusinessAcquisitionAcquireeDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SloughEstatesUSAIncorporationsMember" xlink:label="hcp_SloughEstatesUSAIncorporationsMember" xlink:title="SloughEstatesUSAIncorporationsMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:to="hcp_SloughEstatesUSAIncorporationsMember" xlink:title="Presentation : us-gaap_BusinessAcquisitionAcquireeDomain to hcp_SloughEstatesUSAIncorporationsMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="us-gaap_IncomeTaxDisclosureAbstract" xlink:title="IncomeTaxDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_IncomeTaxExpenseBenefitIncludingDiscontinuedOperations" xlink:label="hcp_IncomeTaxExpenseBenefitIncludingDiscontinuedOperations" xlink:title="IncomeTaxExpenseBenefitIncludingDiscontinuedOperations" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeTaxDisclosureAbstract" xlink:to="hcp_IncomeTaxExpenseBenefitIncludingDiscontinuedOperations" xlink:title="Presentation : us-gaap_IncomeTaxDisclosureAbstract to hcp_IncomeTaxExpenseBenefitIncludingDiscontinuedOperations" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ScheduleOfIncomeDisclosureTable" xlink:label="hcp_ScheduleOfIncomeDisclosureTable" xlink:title="ScheduleOfIncomeDisclosureTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ScheduleOfIncomeDisclosureTable" xlink:to="us-gaap_BusinessAcquisitionAxis" xlink:title="Presentation : hcp_ScheduleOfIncomeDisclosureTable to us-gaap_BusinessAcquisitionAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_IncomeTaxDisclosureLineItems" xlink:label="hcp_IncomeTaxDisclosureLineItems" xlink:title="IncomeTaxDisclosureLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DeferredTaxLiabilities" xlink:label="us-gaap_DeferredTaxLiabilities" xlink:title="DeferredTaxLiabilities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IncomeTaxDisclosureLineItems" xlink:to="us-gaap_DeferredTaxLiabilities" xlink:title="Presentation : hcp_IncomeTaxDisclosureLineItems to us-gaap_DeferredTaxLiabilities" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" xlink:label="us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" xlink:title="ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_UnrecognizedTaxBenefits" xlink:label="us-gaap_UnrecognizedTaxBenefits" xlink:title="UnrecognizedTaxBenefits" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" xlink:to="us-gaap_UnrecognizedTaxBenefits" xlink:title="Presentation : us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward to us-gaap_UnrecognizedTaxBenefits" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HCRManorCareIncMember" xlink:label="hcp_HCRManorCareIncMember" xlink:title="HCRManorCareIncMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:to="hcp_HCRManorCareIncMember" xlink:title="Presentation : us-gaap_BusinessAcquisitionAcquireeDomain to hcp_HCRManorCareIncMember" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit" xlink:label="us-gaap_SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit" xlink:title="SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeTaxDisclosureAbstract" xlink:to="us-gaap_SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit" xlink:title="Presentation : us-gaap_IncomeTaxDisclosureAbstract to us-gaap_SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit" use="optional" order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ScheduleOfIncomeDisclosureTable" xlink:to="hcp_IncomeTaxDisclosureLineItems" xlink:title="Presentation : hcp_ScheduleOfIncomeDisclosureTable to hcp_IncomeTaxDisclosureLineItems" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities" xlink:label="us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities" xlink:title="UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IncomeTaxDisclosureLineItems" xlink:to="us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities" xlink:title="Presentation : hcp_IncomeTaxDisclosureLineItems to us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" xlink:title="UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" xlink:to="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" xlink:title="Presentation : us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward to us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeTaxDisclosureAbstract" xlink:to="hcp_ScheduleOfIncomeDisclosureTable" xlink:title="Presentation : us-gaap_IncomeTaxDisclosureAbstract to hcp_ScheduleOfIncomeDisclosureTable" use="optional" order="3" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DispositionOfPreacquisitionAssetsSubjectToCorporateLevelTaxPeriod" xlink:label="hcp_DispositionOfPreacquisitionAssetsSubjectToCorporateLevelTaxPeriod" xlink:title="DispositionOfPreacquisitionAssetsSubjectToCorporateLevelTaxPeriod" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IncomeTaxDisclosureLineItems" xlink:to="hcp_DispositionOfPreacquisitionAssetsSubjectToCorporateLevelTaxPeriod" xlink:title="Presentation : hcp_IncomeTaxDisclosureLineItems to hcp_DispositionOfPreacquisitionAssetsSubjectToCorporateLevelTaxPeriod" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions" xlink:label="us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions" xlink:title="UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" xlink:to="us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions" xlink:title="Presentation : us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward to us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions" use="optional" order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_UnrecognizedTaxBenefitsIncreaseResultingFromAcquisitions" xlink:label="hcp_UnrecognizedTaxBenefitsIncreaseResultingFromAcquisitions" xlink:title="UnrecognizedTaxBenefitsIncreaseResultingFromAcquisitions" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IncomeTaxDisclosureLineItems" xlink:to="hcp_UnrecognizedTaxBenefitsIncreaseResultingFromAcquisitions" xlink:title="Presentation : hcp_IncomeTaxDisclosureLineItems to hcp_UnrecognizedTaxBenefitsIncreaseResultingFromAcquisitions" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions" xlink:title="UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" xlink:to="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions" xlink:title="Presentation : us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward to us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationAbstract" xlink:label="us-gaap_IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationAbstract" xlink:title="IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeTaxDisclosureAbstract" xlink:to="us-gaap_IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationAbstract" xlink:title="Presentation : us-gaap_IncomeTaxDisclosureAbstract to us-gaap_IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationAbstract" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" xlink:label="us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" xlink:title="UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IncomeTaxDisclosureLineItems" xlink:to="us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" xlink:title="Presentation : hcp_IncomeTaxDisclosureLineItems to us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_UnrecognizedTaxBenefits" xlink:label="UnrecognizedTaxBenefits_1" xlink:title="UnrecognizedTaxBenefits_1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" xlink:to="UnrecognizedTaxBenefits_1" xlink:title="Presentation : us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward to us-gaap_UnrecognizedTaxBenefits" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IncomeTaxDisclosureLineItems" xlink:to="us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" xlink:title="Presentation : hcp_IncomeTaxDisclosureLineItems to us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense" xlink:label="us-gaap_UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense" xlink:title="UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" xlink:to="us-gaap_UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense" xlink:title="Presentation : us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward to us-gaap_UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_UnrecognizedTaxBenefitsReversalOfInterestOnIncomeTaxesExpense" xlink:label="hcp_UnrecognizedTaxBenefitsReversalOfInterestOnIncomeTaxesExpense" xlink:title="UnrecognizedTaxBenefitsReversalOfInterestOnIncomeTaxesExpense" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" xlink:to="hcp_UnrecognizedTaxBenefitsReversalOfInterestOnIncomeTaxesExpense" xlink:title="Presentation : us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward to hcp_UnrecognizedTaxBenefitsReversalOfInterestOnIncomeTaxesExpense" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsPeriodIncreaseDecrease" xlink:label="us-gaap_UnrecognizedTaxBenefitsPeriodIncreaseDecrease" xlink:title="UnrecognizedTaxBenefitsPeriodIncreaseDecrease" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IncomeTaxDisclosureLineItems" xlink:to="us-gaap_UnrecognizedTaxBenefitsPeriodIncreaseDecrease" xlink:title="Presentation : hcp_IncomeTaxDisclosureLineItems to us-gaap_UnrecognizedTaxBenefitsPeriodIncreaseDecrease" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CNLRetirementCorpMergerMember" xlink:label="hcp_CNLRetirementCorpMergerMember" xlink:title="CNLRetirementCorpMergerMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:to="hcp_CNLRetirementCorpMergerMember" xlink:title="Presentation : us-gaap_BusinessAcquisitionAcquireeDomain to hcp_CNLRetirementCorpMergerMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NetIncomeLossAvailableToCommonStockholdersAndParticipatingSecurities" xlink:label="hcp_NetIncomeLossAvailableToCommonStockholdersAndParticipatingSecurities" xlink:title="NetIncomeLossAvailableToCommonStockholdersAndParticipatingSecurities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationAbstract" xlink:to="hcp_NetIncomeLossAvailableToCommonStockholdersAndParticipatingSecurities" xlink:title="Presentation : us-gaap_IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationAbstract to hcp_NetIncomeLossAvailableToCommonStockholdersAndParticipatingSecurities" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BookToTaxDifferencesAbstract" xlink:label="hcp_BookToTaxDifferencesAbstract" xlink:title="BookToTaxDifferencesAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_IncomeReconciliationNetGainsOnDispositionsOfAssets" xlink:label="hcp_IncomeReconciliationNetGainsOnDispositionsOfAssets" xlink:title="IncomeReconciliationNetGainsOnDispositionsOfAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_BookToTaxDifferencesAbstract" xlink:to="hcp_IncomeReconciliationNetGainsOnDispositionsOfAssets" xlink:title="Presentation : hcp_BookToTaxDifferencesAbstract to hcp_IncomeReconciliationNetGainsOnDispositionsOfAssets" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_StateAndLocalIncomeTaxExpenseBenefitPercentageOfAggregateIncomeTaxExpenseBenefit" xlink:label="hcp_StateAndLocalIncomeTaxExpenseBenefitPercentageOfAggregateIncomeTaxExpenseBenefit" xlink:title="StateAndLocalIncomeTaxExpenseBenefitPercentageOfAggregateIncomeTaxExpenseBenefit" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeTaxDisclosureAbstract" xlink:to="hcp_StateAndLocalIncomeTaxExpenseBenefitPercentageOfAggregateIncomeTaxExpenseBenefit" xlink:title="Presentation : us-gaap_IncomeTaxDisclosureAbstract to hcp_StateAndLocalIncomeTaxExpenseBenefitPercentageOfAggregateIncomeTaxExpenseBenefit" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationAbstract" xlink:to="hcp_BookToTaxDifferencesAbstract" xlink:title="Presentation : us-gaap_IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationAbstract to hcp_BookToTaxDifferencesAbstract" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_IncomeReconciliationStraightLineRent" xlink:label="hcp_IncomeReconciliationStraightLineRent" xlink:title="IncomeReconciliationStraightLineRent" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_BookToTaxDifferencesAbstract" xlink:to="hcp_IncomeReconciliationStraightLineRent" xlink:title="Presentation : hcp_BookToTaxDifferencesAbstract to hcp_IncomeReconciliationStraightLineRent" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:label="us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:title="CurrentStateAndLocalTaxExpenseBenefit" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeTaxDisclosureAbstract" xlink:to="us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:title="Presentation : us-gaap_IncomeTaxDisclosureAbstract to us-gaap_CurrentStateAndLocalTaxExpenseBenefit" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_IncomeReconciliationDepreciationAndAmortization" xlink:label="hcp_IncomeReconciliationDepreciationAndAmortization" xlink:title="IncomeReconciliationDepreciationAndAmortization" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_BookToTaxDifferencesAbstract" xlink:to="hcp_IncomeReconciliationDepreciationAndAmortization" xlink:title="Presentation : hcp_BookToTaxDifferencesAbstract to hcp_IncomeReconciliationDepreciationAndAmortization" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_TaxableIncomeAvailableToCommonStockholders" xlink:label="hcp_TaxableIncomeAvailableToCommonStockholders" xlink:title="TaxableIncomeAvailableToCommonStockholders" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationAbstract" xlink:to="hcp_TaxableIncomeAvailableToCommonStockholders" xlink:title="Presentation : us-gaap_IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationAbstract to hcp_TaxableIncomeAvailableToCommonStockholders" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_IncomeTaxExpenseBenefitIntraperiodTaxAllocationStateAndLocal" xlink:label="hcp_IncomeTaxExpenseBenefitIntraperiodTaxAllocationStateAndLocal" xlink:title="IncomeTaxExpenseBenefitIntraperiodTaxAllocationStateAndLocal" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeTaxDisclosureAbstract" xlink:to="hcp_IncomeTaxExpenseBenefitIntraperiodTaxAllocationStateAndLocal" xlink:title="Presentation : us-gaap_IncomeTaxDisclosureAbstract to hcp_IncomeTaxExpenseBenefitIntraperiodTaxAllocationStateAndLocal" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_IncomeReconciliationCapitalizedInterest" xlink:label="hcp_IncomeReconciliationCapitalizedInterest" xlink:title="IncomeReconciliationCapitalizedInterest" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_BookToTaxDifferencesAbstract" xlink:to="hcp_IncomeReconciliationCapitalizedInterest" xlink:title="Presentation : hcp_BookToTaxDifferencesAbstract to hcp_IncomeReconciliationCapitalizedInterest" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CurrentFederalTaxExpenseBenefit" xlink:label="us-gaap_CurrentFederalTaxExpenseBenefit" xlink:title="CurrentFederalTaxExpenseBenefit" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeTaxDisclosureAbstract" xlink:to="us-gaap_CurrentFederalTaxExpenseBenefit" xlink:title="Presentation : us-gaap_IncomeTaxDisclosureAbstract to us-gaap_CurrentFederalTaxExpenseBenefit" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_IncomeReconciliationPrepaidRentAndOtherDeferredIncome" xlink:label="hcp_IncomeReconciliationPrepaidRentAndOtherDeferredIncome" xlink:title="IncomeReconciliationPrepaidRentAndOtherDeferredIncome" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_BookToTaxDifferencesAbstract" xlink:to="hcp_IncomeReconciliationPrepaidRentAndOtherDeferredIncome" xlink:title="Presentation : hcp_BookToTaxDifferencesAbstract to hcp_IncomeReconciliationPrepaidRentAndOtherDeferredIncome" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod" xlink:label="us-gaap_DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod" xlink:title="DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeTaxDisclosureAbstract" xlink:to="us-gaap_DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod" xlink:title="Presentation : us-gaap_IncomeTaxDisclosureAbstract to us-gaap_DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_IncomeReconciliationIncomeFromJointVentures" xlink:label="hcp_IncomeReconciliationIncomeFromJointVentures" xlink:title="IncomeReconciliationIncomeFromJointVentures" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_BookToTaxDifferencesAbstract" xlink:to="hcp_IncomeReconciliationIncomeFromJointVentures" xlink:title="Presentation : hcp_BookToTaxDifferencesAbstract to hcp_IncomeReconciliationIncomeFromJointVentures" use="optional" order="8005" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_IncomeReconciliationIncomeLossFromSubsidiaries" xlink:label="hcp_IncomeReconciliationIncomeLossFromSubsidiaries" xlink:title="IncomeReconciliationIncomeLossFromSubsidiaries" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_BookToTaxDifferencesAbstract" xlink:to="hcp_IncomeReconciliationIncomeLossFromSubsidiaries" xlink:title="Presentation : hcp_BookToTaxDifferencesAbstract to hcp_IncomeReconciliationIncomeLossFromSubsidiaries" use="optional" order="8006" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_IncomeReconciliationImpairmentRecoveriesAndLossProvisions" xlink:label="hcp_IncomeReconciliationImpairmentRecoveriesAndLossProvisions" xlink:title="IncomeReconciliationImpairmentRecoveriesAndLossProvisions" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_BookToTaxDifferencesAbstract" xlink:to="hcp_IncomeReconciliationImpairmentRecoveriesAndLossProvisions" xlink:title="Presentation : hcp_BookToTaxDifferencesAbstract to hcp_IncomeReconciliationImpairmentRecoveriesAndLossProvisions" use="optional" order="8007" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_IncomeReconciliationInterestIncome" xlink:label="hcp_IncomeReconciliationInterestIncome" xlink:title="IncomeReconciliationInterestIncome" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_BookToTaxDifferencesAbstract" xlink:to="hcp_IncomeReconciliationInterestIncome" xlink:title="Presentation : hcp_BookToTaxDifferencesAbstract to hcp_IncomeReconciliationInterestIncome" use="optional" order="8008" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_IncomeReconciliationOtherDifferencesNet" xlink:label="hcp_IncomeReconciliationOtherDifferencesNet" xlink:title="IncomeReconciliationOtherDifferencesNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_BookToTaxDifferencesAbstract" xlink:to="hcp_IncomeReconciliationOtherDifferencesNet" xlink:title="Presentation : hcp_BookToTaxDifferencesAbstract to hcp_IncomeReconciliationOtherDifferencesNet" use="optional" order="8009" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureInvestmentsInAndAdvancesToUnconsolidatedJointVenturesDetails2">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:title="ScheduleOfBusinessAcquisitionsByAcquisitionTable" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="us-gaap_BusinessAcquisitionAxis" xlink:title="BusinessAcquisitionAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_BusinessAcquisitionAxis" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_BusinessAcquisitionAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:title="BusinessAcquisitionAcquireeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAxis" xlink:to="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:title="Presentation : us-gaap_BusinessAcquisitionAxis to us-gaap_BusinessAcquisitionAcquireeDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HCPVenturesIIMember" xlink:label="hcp_HCPVenturesIIMember" xlink:title="HCPVenturesIIMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:to="hcp_HCPVenturesIIMember" xlink:title="Presentation : us-gaap_BusinessAcquisitionAcquireeDomain to hcp_HCPVenturesIIMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract" xlink:title="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract" xlink:title="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract to us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings" xlink:title="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract to us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract" xlink:title="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt" xlink:title="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract to us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EstimatedFeesAndCostsAbstract" xlink:label="hcp_EstimatedFeesAndCostsAbstract" xlink:title="EstimatedFeesAndCostsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionCostOfAcquiredEntityTransactionCosts" xlink:label="us-gaap_BusinessAcquisitionCostOfAcquiredEntityTransactionCosts" xlink:title="BusinessAcquisitionCostOfAcquiredEntityTransactionCosts" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_EstimatedFeesAndCostsAbstract" xlink:to="us-gaap_BusinessAcquisitionCostOfAcquiredEntityTransactionCosts" xlink:title="Presentation : hcp_EstimatedFeesAndCostsAbstract to us-gaap_BusinessAcquisitionCostOfAcquiredEntityTransactionCosts" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:label="us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:title="EquityMethodInvestmentsAndJointVenturesAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:to="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:title="Presentation : us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract to us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="us-gaap_BusinessAcquisitionLineItems" xlink:title="BusinessAcquisitionLineItems" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_BusinessAcquisitionLineItems" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_BusinessAcquisitionLineItems" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract to us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesOther" xlink:label="hcp_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesOther" xlink:title="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesOther" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract" xlink:to="hcp_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesOther" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract to hcp_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesOther" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionCostOfAcquiredEntityDebtAssumptionFees" xlink:label="hcp_BusinessAcquisitionCostOfAcquiredEntityDebtAssumptionFees" xlink:title="BusinessAcquisitionCostOfAcquiredEntityDebtAssumptionFees" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_EstimatedFeesAndCostsAbstract" xlink:to="hcp_BusinessAcquisitionCostOfAcquiredEntityDebtAssumptionFees" xlink:title="Presentation : hcp_EstimatedFeesAndCostsAbstract to hcp_BusinessAcquisitionCostOfAcquiredEntityDebtAssumptionFees" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfSeniorHousingFacilities" xlink:label="hcp_NumberOfSeniorHousingFacilities" xlink:title="NumberOfSeniorHousingFacilities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_NumberOfSeniorHousingFacilities" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_NumberOfSeniorHousingFacilities" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombinationAbstract" xlink:label="us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombinationAbstract" xlink:title="BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombinationAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure" xlink:label="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure" xlink:title="InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombinationAbstract" xlink:to="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure" xlink:title="Presentation : us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombinationAbstract to us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents" xlink:title="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract to us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet" xlink:title="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract to us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionCostOfAcquiredEntityEstimatedFeesAndCosts" xlink:label="hcp_BusinessAcquisitionCostOfAcquiredEntityEstimatedFeesAndCosts" xlink:title="BusinessAcquisitionCostOfAcquiredEntityEstimatedFeesAndCosts" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_EstimatedFeesAndCostsAbstract" xlink:to="hcp_BusinessAcquisitionCostOfAcquiredEntityEstimatedFeesAndCosts" xlink:title="Presentation : hcp_EstimatedFeesAndCostsAbstract to hcp_BusinessAcquisitionCostOfAcquiredEntityEstimatedFeesAndCosts" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireePercentage" xlink:label="us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireePercentage" xlink:title="BusinessCombinationStepAcquisitionEquityInterestInAcquireePercentage" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireePercentage" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireePercentage" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeFairValue1" xlink:label="us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeFairValue1" xlink:title="BusinessCombinationStepAcquisitionEquityInterestInAcquireeFairValue1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombinationAbstract" xlink:to="us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeFairValue1" xlink:title="Presentation : us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombinationAbstract to us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeFairValue1" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionPurchasePriceAllocationRestrictedCash" xlink:label="hcp_BusinessAcquisitionPurchasePriceAllocationRestrictedCash" xlink:title="BusinessAcquisitionPurchasePriceAllocationRestrictedCash" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract" xlink:to="hcp_BusinessAcquisitionPurchasePriceAllocationRestrictedCash" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract to hcp_BusinessAcquisitionPurchasePriceAllocationRestrictedCash" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombinationAbstract" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombinationAbstract" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionCostOfAcquiredEntityPurchasePriceExcludingDirectCosts" xlink:label="hcp_BusinessAcquisitionCostOfAcquiredEntityPurchasePriceExcludingDirectCosts" xlink:title="BusinessAcquisitionCostOfAcquiredEntityPurchasePriceExcludingDirectCosts" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombinationAbstract" xlink:to="hcp_BusinessAcquisitionCostOfAcquiredEntityPurchasePriceExcludingDirectCosts" xlink:title="Presentation : us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombinationAbstract to hcp_BusinessAcquisitionCostOfAcquiredEntityPurchasePriceExcludingDirectCosts" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionPurchasePriceAllocationIntangibleAssets" xlink:label="hcp_BusinessAcquisitionPurchasePriceAllocationIntangibleAssets" xlink:title="BusinessAcquisitionPurchasePriceAllocationIntangibleAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract" xlink:to="hcp_BusinessAcquisitionPurchasePriceAllocationIntangibleAssets" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract to hcp_BusinessAcquisitionPurchasePriceAllocationIntangibleAssets" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombinationAbstract" xlink:to="hcp_EstimatedFeesAndCostsAbstract" xlink:title="Presentation : us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombinationAbstract to hcp_EstimatedFeesAndCostsAbstract" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_GainLossUponConsolidationOfJointVenture" xlink:label="hcp_GainLossUponConsolidationOfJointVenture" xlink:title="GainLossUponConsolidationOfJointVenture" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_GainLossUponConsolidationOfJointVenture" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_GainLossUponConsolidationOfJointVenture" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets" xlink:title="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets" xlink:title="Presentation : us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract to us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionDebtAssumedParValue" xlink:label="hcp_BusinessAcquisitionDebtAssumedParValue" xlink:title="BusinessAcquisitionDebtAssumedParValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_BusinessAcquisitionDebtAssumedParValue" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_BusinessAcquisitionDebtAssumedParValue" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureLoansReceivableDetails3">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ReceivablesAbstract" xlink:label="us-gaap_ReceivablesAbstract" xlink:title="ReceivablesAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MortgageLoansOnRealEstateScheduleTable" xlink:label="us-gaap_MortgageLoansOnRealEstateScheduleTable" xlink:title="MortgageLoansOnRealEstateScheduleTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReceivablesAbstract" xlink:to="us-gaap_MortgageLoansOnRealEstateScheduleTable" xlink:title="Presentation : us-gaap_ReceivablesAbstract to us-gaap_MortgageLoansOnRealEstateScheduleTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis" xlink:label="us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis" xlink:title="MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateScheduleTable" xlink:to="us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateScheduleTable to us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain" xlink:label="us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain" xlink:title="MortgageLoansOnRealEstateNamePropertyTypeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis" xlink:to="us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis to us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MortgageLoansOnRealEstateInterestOnlyTennesseeMarylandPennsylvaniaAndTexasDue2016Member" xlink:label="hcp_MortgageLoansOnRealEstateInterestOnlyTennesseeMarylandPennsylvaniaAndTexasDue2016Member" xlink:title="MortgageLoansOnRealEstateInterestOnlyTennesseeMarylandPennsylvaniaAndTexasDue2016Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain" xlink:to="hcp_MortgageLoansOnRealEstateInterestOnlyTennesseeMarylandPennsylvaniaAndTexasDue2016Member" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain to hcp_MortgageLoansOnRealEstateInterestOnlyTennesseeMarylandPennsylvaniaAndTexasDue2016Member" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MortgageLoansOnRealEstateLineItems" xlink:label="us-gaap_MortgageLoansOnRealEstateLineItems" xlink:title="MortgageLoansOnRealEstateLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MortgageLoansOnRealEstateNumberOfLoans" xlink:label="us-gaap_MortgageLoansOnRealEstateNumberOfLoans" xlink:title="MortgageLoansOnRealEstateNumberOfLoans" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateLineItems" xlink:to="us-gaap_MortgageLoansOnRealEstateNumberOfLoans" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateLineItems to us-gaap_MortgageLoansOnRealEstateNumberOfLoans" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MortgageLoansOnRealEstateInterestAndPrincipalArizonaMinnesotaAndTexasDue2016Member" xlink:label="hcp_MortgageLoansOnRealEstateInterestAndPrincipalArizonaMinnesotaAndTexasDue2016Member" xlink:title="MortgageLoansOnRealEstateInterestAndPrincipalArizonaMinnesotaAndTexasDue2016Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain" xlink:to="hcp_MortgageLoansOnRealEstateInterestAndPrincipalArizonaMinnesotaAndTexasDue2016Member" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain to hcp_MortgageLoansOnRealEstateInterestAndPrincipalArizonaMinnesotaAndTexasDue2016Member" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateScheduleTable" xlink:to="us-gaap_MortgageLoansOnRealEstateLineItems" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateScheduleTable to us-gaap_MortgageLoansOnRealEstateLineItems" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MortgageLoansOnRealEstateMonthlyInterestOnlyPaymentReceivable" xlink:label="hcp_MortgageLoansOnRealEstateMonthlyInterestOnlyPaymentReceivable" xlink:title="MortgageLoansOnRealEstateMonthlyInterestOnlyPaymentReceivable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateLineItems" xlink:to="hcp_MortgageLoansOnRealEstateMonthlyInterestOnlyPaymentReceivable" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateLineItems to hcp_MortgageLoansOnRealEstateMonthlyInterestOnlyPaymentReceivable" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MortgageLoansOnRealEstateInterestOnlyNewJerseyAndPennsylvaniaDue2017Member" xlink:label="hcp_MortgageLoansOnRealEstateInterestOnlyNewJerseyAndPennsylvaniaDue2017Member" xlink:title="MortgageLoansOnRealEstateInterestOnlyNewJerseyAndPennsylvaniaDue2017Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain" xlink:to="hcp_MortgageLoansOnRealEstateInterestOnlyNewJerseyAndPennsylvaniaDue2017Member" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain to hcp_MortgageLoansOnRealEstateInterestOnlyNewJerseyAndPennsylvaniaDue2017Member" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MortgageLoansOnRealEstateInterestRate" xlink:label="us-gaap_MortgageLoansOnRealEstateInterestRate" xlink:title="MortgageLoansOnRealEstateInterestRate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateLineItems" xlink:to="us-gaap_MortgageLoansOnRealEstateInterestRate" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateLineItems to us-gaap_MortgageLoansOnRealEstateInterestRate" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MortgageLoansOnRealEstateInterestOnlyPennsylvaniaDue2018Member" xlink:label="hcp_MortgageLoansOnRealEstateInterestOnlyPennsylvaniaDue2018Member" xlink:title="MortgageLoansOnRealEstateInterestOnlyPennsylvaniaDue2018Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain" xlink:to="hcp_MortgageLoansOnRealEstateInterestOnlyPennsylvaniaDue2018Member" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain to hcp_MortgageLoansOnRealEstateInterestOnlyPennsylvaniaDue2018Member" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages" xlink:label="us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages" xlink:title="MortgageLoansOnRealEstateFaceAmountOfMortgages" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateLineItems" xlink:to="us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateLineItems to us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MortgageLoansOnRealEstateInterestOnlyTNMDPAAndTXDue2016AndMortgageLoansOnRealEstateInterestOnlyNJAndPADue2017AndMortgageLoansOnRealEstateInterestOnlyPADue2018Member" xlink:label="hcp_MortgageLoansOnRealEstateInterestOnlyTNMDPAAndTXDue2016AndMortgageLoansOnRealEstateInterestOnlyNJAndPADue2017AndMortgageLoansOnRealEstateInterestOnlyPADue2018Member" xlink:title="MortgageLoansOnRealEstateInterestOnlyTNMDPAAndTXDue2016AndMortgageLoansOnRealEstateInterestOnlyNJAndPADue2017AndMortgageLoansOnRealEstateInterestOnlyPADue2018Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain" xlink:to="hcp_MortgageLoansOnRealEstateInterestOnlyTNMDPAAndTXDue2016AndMortgageLoansOnRealEstateInterestOnlyNJAndPADue2017AndMortgageLoansOnRealEstateInterestOnlyPADue2018Member" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain to hcp_MortgageLoansOnRealEstateInterestOnlyTNMDPAAndTXDue2016AndMortgageLoansOnRealEstateInterestOnlyNJAndPADue2017AndMortgageLoansOnRealEstateInterestOnlyPADue2018Member" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CollateralFacilitiesNumber" xlink:label="hcp_CollateralFacilitiesNumber" xlink:title="CollateralFacilitiesNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateLineItems" xlink:to="hcp_CollateralFacilitiesNumber" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateLineItems to hcp_CollateralFacilitiesNumber" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages" xlink:label="us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages" xlink:title="MortgageLoansOnRealEstateCarryingAmountOfMortgages" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateLineItems" xlink:to="us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateLineItems to us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LoanReceivableCommitmentToFinanceDevelopmentProjects" xlink:label="hcp_LoanReceivableCommitmentToFinanceDevelopmentProjects" xlink:title="LoanReceivableCommitmentToFinanceDevelopmentProjects" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateLineItems" xlink:to="hcp_LoanReceivableCommitmentToFinanceDevelopmentProjects" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateLineItems to hcp_LoanReceivableCommitmentToFinanceDevelopmentProjects" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DevelopmentProjectsNumber" xlink:label="hcp_DevelopmentProjectsNumber" xlink:title="DevelopmentProjectsNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateLineItems" xlink:to="hcp_DevelopmentProjectsNumber" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateLineItems to hcp_DevelopmentProjectsNumber" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MortgageLoansReceivableFutureMinimumPaymentsReceivableInYearThree" xlink:label="hcp_MortgageLoansReceivableFutureMinimumPaymentsReceivableInYearThree" xlink:title="MortgageLoansReceivableFutureMinimumPaymentsReceivableInYearThree" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateLineItems" xlink:to="hcp_MortgageLoansReceivableFutureMinimumPaymentsReceivableInYearThree" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateLineItems to hcp_MortgageLoansReceivableFutureMinimumPaymentsReceivableInYearThree" use="optional" order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MortgageLoansReceivableFutureMinimumPaymentsReceivableInYearFour" xlink:label="hcp_MortgageLoansReceivableFutureMinimumPaymentsReceivableInYearFour" xlink:title="MortgageLoansReceivableFutureMinimumPaymentsReceivableInYearFour" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateLineItems" xlink:to="hcp_MortgageLoansReceivableFutureMinimumPaymentsReceivableInYearFour" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateLineItems to hcp_MortgageLoansReceivableFutureMinimumPaymentsReceivableInYearFour" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MortgageLoansReceivableFutureMinimumPaymentsReceivableInYearFive" xlink:label="hcp_MortgageLoansReceivableFutureMinimumPaymentsReceivableInYearFive" xlink:title="MortgageLoansReceivableFutureMinimumPaymentsReceivableInYearFive" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateLineItems" xlink:to="hcp_MortgageLoansReceivableFutureMinimumPaymentsReceivableInYearFive" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateLineItems to hcp_MortgageLoansReceivableFutureMinimumPaymentsReceivableInYearFive" use="optional" order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MortgageLoansOnRealEstateInterestOnlyTennesseeMarylandPennsylvaniaAndTexasDue2016AndMortgageLoansOnRealEstateInterestOnlyNewJerseyAndPennsylvaniaDue2017Member" xlink:label="hcp_MortgageLoansOnRealEstateInterestOnlyTennesseeMarylandPennsylvaniaAndTexasDue2016AndMortgageLoansOnRealEstateInterestOnlyNewJerseyAndPennsylvaniaDue2017Member" xlink:title="MortgageLoansOnRealEstateInterestOnlyTennesseeMarylandPennsylvaniaAndTexasDue2016AndMortgageLoansOnRealEstateInterestOnlyNewJerseyAndPennsylvaniaDue2017Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain" xlink:to="hcp_MortgageLoansOnRealEstateInterestOnlyTennesseeMarylandPennsylvaniaAndTexasDue2016AndMortgageLoansOnRealEstateInterestOnlyNewJerseyAndPennsylvaniaDue2017Member" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain to hcp_MortgageLoansOnRealEstateInterestOnlyTennesseeMarylandPennsylvaniaAndTexasDue2016AndMortgageLoansOnRealEstateInterestOnlyNewJerseyAndPennsylvaniaDue2017Member" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MortgageLoansReceivableFutureMinimumPaymentsReceivableInNextFiscalYear" xlink:label="hcp_MortgageLoansReceivableFutureMinimumPaymentsReceivableInNextFiscalYear" xlink:title="MortgageLoansReceivableFutureMinimumPaymentsReceivableInNextFiscalYear" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateLineItems" xlink:to="hcp_MortgageLoansReceivableFutureMinimumPaymentsReceivableInNextFiscalYear" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateLineItems to hcp_MortgageLoansReceivableFutureMinimumPaymentsReceivableInNextFiscalYear" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MortgageLoansOnRealEstateInterestOnlyLouisianaDue2015Member" xlink:label="hcp_MortgageLoansOnRealEstateInterestOnlyLouisianaDue2015Member" xlink:title="MortgageLoansOnRealEstateInterestOnlyLouisianaDue2015Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain" xlink:to="hcp_MortgageLoansOnRealEstateInterestOnlyLouisianaDue2015Member" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain to hcp_MortgageLoansOnRealEstateInterestOnlyLouisianaDue2015Member" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MortgageLoansReceivableFutureMinimumPaymentsReceivableInYearTwo" xlink:label="hcp_MortgageLoansReceivableFutureMinimumPaymentsReceivableInYearTwo" xlink:title="MortgageLoansReceivableFutureMinimumPaymentsReceivableInYearTwo" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateLineItems" xlink:to="hcp_MortgageLoansReceivableFutureMinimumPaymentsReceivableInYearTwo" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateLineItems to hcp_MortgageLoansReceivableFutureMinimumPaymentsReceivableInYearTwo" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MortgageLoansOnRealEstateInterestAndPrincipalAlabamaArizonaMinnesotaMarylandTexasAndWisconsinDue2016Member" xlink:label="hcp_MortgageLoansOnRealEstateInterestAndPrincipalAlabamaArizonaMinnesotaMarylandTexasAndWisconsinDue2016Member" xlink:title="MortgageLoansOnRealEstateInterestAndPrincipalAlabamaArizonaMinnesotaMarylandTexasAndWisconsinDue2016Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain" xlink:to="hcp_MortgageLoansOnRealEstateInterestAndPrincipalAlabamaArizonaMinnesotaMarylandTexasAndWisconsinDue2016Member" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain to hcp_MortgageLoansOnRealEstateInterestAndPrincipalAlabamaArizonaMinnesotaMarylandTexasAndWisconsinDue2016Member" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MortgageLoansOnRealEstateInterestAndPrincipalPaymentReceivable" xlink:label="hcp_MortgageLoansOnRealEstateInterestAndPrincipalPaymentReceivable" xlink:title="MortgageLoansOnRealEstateInterestAndPrincipalPaymentReceivable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MortgageLoansOnRealEstateLineItems" xlink:to="hcp_MortgageLoansOnRealEstateInterestAndPrincipalPaymentReceivable" xlink:title="Presentation : us-gaap_MortgageLoansOnRealEstateLineItems to hcp_MortgageLoansOnRealEstateInterestAndPrincipalPaymentReceivable" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureDispositionsOfRealEstateAndDiscontinuedOperationsDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis" xlink:title="StatementBusinessSegmentsAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentDomain" xlink:label="us-gaap_SegmentDomain" xlink:title="SegmentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_SegmentDomain" xlink:title="Presentation : us-gaap_StatementBusinessSegmentsAxis to us-gaap_SegmentDomain" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PostAcuteAndSkilledNursingMember" xlink:label="hcp_PostAcuteAndSkilledNursingMember" xlink:title="PostAcuteAndSkilledNursingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_PostAcuteAndSkilledNursingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_PostAcuteAndSkilledNursingMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:label="us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:title="DiscontinuedOperationsAndDisposalGroupsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable" xlink:label="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable" xlink:title="IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:to="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable" xlink:title="Presentation : us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract to us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable" order="1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable" xlink:to="us-gaap_StatementBusinessSegmentsAxis" xlink:title="Presentation : us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable to us-gaap_StatementBusinessSegmentsAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems" xlink:label="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems" xlink:title="IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DispositionOfPropertiesSoldNumber" xlink:label="hcp_DispositionOfPropertiesSoldNumber" xlink:title="DispositionOfPropertiesSoldNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems" xlink:to="hcp_DispositionOfPropertiesSoldNumber" xlink:title="Presentation : us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems to hcp_DispositionOfPropertiesSoldNumber" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract" xlink:label="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract" xlink:title="DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:title="DisposalGroupIncludingDiscontinuedOperationRevenue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract" xlink:to="us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:title="Presentation : us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract to us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HospitalMember" xlink:label="hcp_HospitalMember" xlink:title="HospitalMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_HospitalMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_HospitalMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable" xlink:to="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems" xlink:title="Presentation : us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable to us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_TotalConsiderationForDispositionOfRealEstate" xlink:label="hcp_TotalConsiderationForDispositionOfRealEstate" xlink:title="TotalConsiderationForDispositionOfRealEstate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems" xlink:to="hcp_TotalConsiderationForDispositionOfRealEstate" xlink:title="Presentation : us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems to hcp_TotalConsiderationForDispositionOfRealEstate" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:to="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract" xlink:title="Presentation : us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract to us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DepreciationAndAmortizationDiscontinuedOperations" xlink:label="us-gaap_DepreciationAndAmortizationDiscontinuedOperations" xlink:title="DepreciationAndAmortizationDiscontinuedOperations" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract" xlink:to="us-gaap_DepreciationAndAmortizationDiscontinuedOperations" xlink:title="Presentation : us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract to us-gaap_DepreciationAndAmortizationDiscontinuedOperations" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PostAcuteAndSkilledNursingAndSeniorHousingMember" xlink:label="hcp_PostAcuteAndSkilledNursingAndSeniorHousingMember" xlink:title="PostAcuteAndSkilledNursingAndSeniorHousingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_PostAcuteAndSkilledNursingAndSeniorHousingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_PostAcuteAndSkilledNursingAndSeniorHousingMember" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PropertiesHeldForSaleNumber" xlink:label="hcp_PropertiesHeldForSaleNumber" xlink:title="PropertiesHeldForSaleNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems" xlink:to="hcp_PropertiesHeldForSaleNumber" xlink:title="Presentation : us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems to hcp_PropertiesHeldForSaleNumber" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense" xlink:title="DisposalGroupIncludingDiscontinuedOperationOperatingExpense" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract" xlink:to="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense" xlink:title="Presentation : us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract to us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AssetsHeldForSaleAtCarryingValue" xlink:label="us-gaap_AssetsHeldForSaleAtCarryingValue" xlink:title="AssetsHeldForSaleAtCarryingValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems" xlink:to="us-gaap_AssetsHeldForSaleAtCarryingValue" xlink:title="Presentation : us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems to us-gaap_AssetsHeldForSaleAtCarryingValue" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/positiveLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationNetOfTax" xlink:label="us-gaap_DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationNetOfTax" xlink:title="DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract" xlink:to="us-gaap_DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationNetOfTax" xlink:title="Presentation : us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract to us-gaap_DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationNetOfTax" use="optional" order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax" xlink:label="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax" xlink:title="DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract" xlink:to="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax" xlink:title="Presentation : us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract to us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax" xlink:label="us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax" xlink:title="DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract" xlink:to="us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax" xlink:title="Presentation : us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract to us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfPropertiesIncludedInDiscontinuedOperations" xlink:label="hcp_NumberOfPropertiesIncludedInDiscontinuedOperations" xlink:title="NumberOfPropertiesIncludedInDiscontinuedOperations" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract" xlink:to="hcp_NumberOfPropertiesIncludedInDiscontinuedOperations" xlink:title="Presentation : us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract to hcp_NumberOfPropertiesIncludedInDiscontinuedOperations" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HospitalAndMedicalOfficeMember" xlink:label="hcp_HospitalAndMedicalOfficeMember" xlink:title="HospitalAndMedicalOfficeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_HospitalAndMedicalOfficeMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_HospitalAndMedicalOfficeMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfBedsSold" xlink:label="hcp_NumberOfBedsSold" xlink:title="NumberOfBedsSold" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems" xlink:to="hcp_NumberOfBedsSold" xlink:title="Presentation : us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems to hcp_NumberOfBedsSold" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DiscontinuedOperationImpairmentCharge" xlink:label="hcp_DiscontinuedOperationImpairmentCharge" xlink:title="DiscontinuedOperationImpairmentCharge" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract" xlink:to="hcp_DiscontinuedOperationImpairmentCharge" xlink:title="Presentation : us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract to hcp_DiscontinuedOperationImpairmentCharge" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeniorHousingAndHospitalMember" xlink:label="hcp_SeniorHousingAndHospitalMember" xlink:title="SeniorHousingAndHospitalMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_SeniorHousingAndHospitalMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_SeniorHousingAndHospitalMember" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfBedsAcquired" xlink:label="hcp_NumberOfBedsAcquired" xlink:title="NumberOfBedsAcquired" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems" xlink:to="hcp_NumberOfBedsAcquired" xlink:title="Presentation : us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems to hcp_NumberOfBedsAcquired" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeniorHousingMember" xlink:label="hcp_SeniorHousingMember" xlink:title="SeniorHousingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_SeniorHousingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_SeniorHousingMember" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LifescienceMember" xlink:label="hcp_LifescienceMember" xlink:title="LifescienceMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_LifescienceMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_LifescienceMember" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeniorHousingAndHospitalAndMedicalOfficeMember" xlink:label="hcp_SeniorHousingAndHospitalAndMedicalOfficeMember" xlink:title="SeniorHousingAndHospitalAndMedicalOfficeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_SeniorHousingAndHospitalAndMedicalOfficeMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_SeniorHousingAndHospitalAndMedicalOfficeMember" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MedicalOfficeMember" xlink:label="hcp_MedicalOfficeMember" xlink:title="MedicalOfficeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_MedicalOfficeMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_MedicalOfficeMember" use="optional" order="8005" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureRealEstatePropertyInvestmentsDetails2">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CounterpartyNameAxis" xlink:label="us-gaap_CounterpartyNameAxis" xlink:title="CounterpartyNameAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:label="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:title="RepurchaseAgreementCounterpartyNameDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CounterpartyNameAxis" xlink:to="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:title="Presentation : us-gaap_CounterpartyNameAxis to us-gaap_RepurchaseAgreementCounterpartyNameDomain" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EmeritusMember" xlink:label="hcp_EmeritusMember" xlink:title="EmeritusMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:to="hcp_EmeritusMember" xlink:title="Presentation : us-gaap_RepurchaseAgreementCounterpartyNameDomain to hcp_EmeritusMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RangeAxis" xlink:label="us-gaap_RangeAxis" xlink:title="RangeAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RangeMember" xlink:label="us-gaap_RangeMember" xlink:title="RangeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RangeAxis" xlink:to="us-gaap_RangeMember" xlink:title="Presentation : us-gaap_RangeAxis to us-gaap_RangeMember" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MinimumMember" xlink:label="us-gaap_MinimumMember" xlink:title="MinimumMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RangeMember" xlink:to="us-gaap_MinimumMember" xlink:title="Presentation : us-gaap_RangeMember to us-gaap_MinimumMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:title="ScheduleOfBusinessAcquisitionsByAcquisitionTable" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="us-gaap_BusinessAcquisitionAxis" xlink:title="BusinessAcquisitionAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_BusinessAcquisitionAxis" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_BusinessAcquisitionAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:title="BusinessAcquisitionAcquireeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAxis" xlink:to="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:title="Presentation : us-gaap_BusinessAcquisitionAxis to us-gaap_BusinessAcquisitionAcquireeDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BlackstoneJVMember" xlink:label="hcp_BlackstoneJVMember" xlink:title="BlackstoneJVMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:to="hcp_BlackstoneJVMember" xlink:title="Presentation : us-gaap_BusinessAcquisitionAcquireeDomain to hcp_BlackstoneJVMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionProFormaInformationAbstract" xlink:label="us-gaap_BusinessAcquisitionProFormaInformationAbstract" xlink:title="BusinessAcquisitionProFormaInformationAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionsProFormaRevenue" xlink:label="us-gaap_BusinessAcquisitionsProFormaRevenue" xlink:title="BusinessAcquisitionsProFormaRevenue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionProFormaInformationAbstract" xlink:to="us-gaap_BusinessAcquisitionsProFormaRevenue" xlink:title="Presentation : us-gaap_BusinessAcquisitionProFormaInformationAbstract to us-gaap_BusinessAcquisitionsProFormaRevenue" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis" xlink:title="StatementBusinessSegmentsAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentDomain" xlink:label="us-gaap_SegmentDomain" xlink:title="SegmentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_SegmentDomain" xlink:title="Presentation : us-gaap_StatementBusinessSegmentsAxis to us-gaap_SegmentDomain" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeniorHousingMember" xlink:label="hcp_SeniorHousingMember" xlink:title="SeniorHousingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_SeniorHousingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_SeniorHousingMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:title="AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="us-gaap_ReceivableTypeDomain" xlink:title="ReceivableTypeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:to="us-gaap_ReceivableTypeDomain" xlink:title="Presentation : us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis to us-gaap_ReceivableTypeDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MortgageReceivablesMember" xlink:label="us-gaap_MortgageReceivablesMember" xlink:title="MortgageReceivablesMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReceivableTypeDomain" xlink:to="us-gaap_MortgageReceivablesMember" xlink:title="Presentation : us-gaap_ReceivableTypeDomain to us-gaap_MortgageReceivablesMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAbstract" xlink:label="us-gaap_RealEstateAbstract" xlink:title="RealEstateAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAbstract" xlink:to="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:title="Presentation : us-gaap_RealEstateAbstract to us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="us-gaap_BusinessAcquisitionLineItems" xlink:title="BusinessAcquisitionLineItems" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfLeases" xlink:label="hcp_NumberOfLeases" xlink:title="NumberOfLeases" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_NumberOfLeases" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_NumberOfLeases" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MaximumMember" xlink:label="us-gaap_MaximumMember" xlink:title="MaximumMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RangeMember" xlink:to="us-gaap_MaximumMember" xlink:title="Presentation : us-gaap_RangeMember to us-gaap_MaximumMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionsProFormaNetIncomeLoss" xlink:label="us-gaap_BusinessAcquisitionsProFormaNetIncomeLoss" xlink:title="BusinessAcquisitionsProFormaNetIncomeLoss" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionProFormaInformationAbstract" xlink:to="us-gaap_BusinessAcquisitionsProFormaNetIncomeLoss" xlink:title="Presentation : us-gaap_BusinessAcquisitionProFormaInformationAbstract to us-gaap_BusinessAcquisitionsProFormaNetIncomeLoss" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_StatementBusinessSegmentsAxis" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_StatementBusinessSegmentsAxis" use="optional" order="2" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfPropertiesUnderTripleNetMasterLease" xlink:label="hcp_NumberOfPropertiesUnderTripleNetMasterLease" xlink:title="NumberOfPropertiesUnderTripleNetMasterLease" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_NumberOfPropertiesUnderTripleNetMasterLease" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_NumberOfPropertiesUnderTripleNetMasterLease" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionsProFormaNetIncomeLossAttributableToParent" xlink:label="hcp_BusinessAcquisitionsProFormaNetIncomeLossAttributableToParent" xlink:title="BusinessAcquisitionsProFormaNetIncomeLossAttributableToParent" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionProFormaInformationAbstract" xlink:to="hcp_BusinessAcquisitionsProFormaNetIncomeLossAttributableToParent" xlink:title="Presentation : us-gaap_BusinessAcquisitionProFormaInformationAbstract to hcp_BusinessAcquisitionsProFormaNetIncomeLossAttributableToParent" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_RangeAxis" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_RangeAxis" use="optional" order="3" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NumberOfStatesInWhichEntityOperates" xlink:label="us-gaap_NumberOfStatesInWhichEntityOperates" xlink:title="NumberOfStatesInWhichEntityOperates" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_NumberOfStatesInWhichEntityOperates" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_NumberOfStatesInWhichEntityOperates" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionProFormaEarningsPerShareBasic" xlink:label="us-gaap_BusinessAcquisitionProFormaEarningsPerShareBasic" xlink:title="BusinessAcquisitionProFormaEarningsPerShareBasic" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionProFormaInformationAbstract" xlink:to="us-gaap_BusinessAcquisitionProFormaEarningsPerShareBasic" xlink:title="Presentation : us-gaap_BusinessAcquisitionProFormaInformationAbstract to us-gaap_BusinessAcquisitionProFormaEarningsPerShareBasic" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_CounterpartyNameAxis" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_CounterpartyNameAxis" use="optional" order="4" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfUnitsAssistedLivingPercent" xlink:label="hcp_NumberOfUnitsAssistedLivingPercent" xlink:title="NumberOfUnitsAssistedLivingPercent" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_NumberOfUnitsAssistedLivingPercent" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_NumberOfUnitsAssistedLivingPercent" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionProFormaEarningsPerShareDiluted" xlink:label="us-gaap_BusinessAcquisitionProFormaEarningsPerShareDiluted" xlink:title="BusinessAcquisitionProFormaEarningsPerShareDiluted" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionProFormaInformationAbstract" xlink:to="us-gaap_BusinessAcquisitionProFormaEarningsPerShareDiluted" xlink:title="Presentation : us-gaap_BusinessAcquisitionProFormaInformationAbstract to us-gaap_BusinessAcquisitionProFormaEarningsPerShareDiluted" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" use="optional" order="5" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfUnitsIndependentLivingPercent" xlink:label="hcp_NumberOfUnitsIndependentLivingPercent" xlink:title="NumberOfUnitsIndependentLivingPercent" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_NumberOfUnitsIndependentLivingPercent" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_NumberOfUnitsIndependentLivingPercent" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_BusinessAcquisitionLineItems" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_BusinessAcquisitionLineItems" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfUnitsMemoryCarePercent" xlink:label="hcp_NumberOfUnitsMemoryCarePercent" xlink:title="NumberOfUnitsMemoryCarePercent" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_NumberOfUnitsMemoryCarePercent" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_NumberOfUnitsMemoryCarePercent" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfUnitsSkilledNursingPercent" xlink:label="hcp_NumberOfUnitsSkilledNursingPercent" xlink:title="NumberOfUnitsSkilledNursingPercent" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_NumberOfUnitsSkilledNursingPercent" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_NumberOfUnitsSkilledNursingPercent" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfCommunitiesThatAreStabilized" xlink:label="hcp_NumberOfCommunitiesThatAreStabilized" xlink:title="NumberOfCommunitiesThatAreStabilized" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_NumberOfCommunitiesThatAreStabilized" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_NumberOfCommunitiesThatAreStabilized" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfCommunitiesCurrentlyLeaseUp" xlink:label="hcp_NumberOfCommunitiesCurrentlyLeaseUp" xlink:title="NumberOfCommunitiesCurrentlyLeaseUp" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_NumberOfCommunitiesCurrentlyLeaseUp" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_NumberOfCommunitiesCurrentlyLeaseUp" use="optional" order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AcquisitionNumberOfStages" xlink:label="hcp_AcquisitionNumberOfStages" xlink:title="AcquisitionNumberOfStages" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_AcquisitionNumberOfStages" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_AcquisitionNumberOfStages" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BusinessAcquisitionPurchasePriceAllocationIntangibleLiabilities" xlink:label="hcp_BusinessAcquisitionPurchasePriceAllocationIntangibleLiabilities" xlink:title="BusinessAcquisitionPurchasePriceAllocationIntangibleLiabilities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_BusinessAcquisitionPurchasePriceAllocationIntangibleLiabilities" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_BusinessAcquisitionPurchasePriceAllocationIntangibleLiabilities" use="optional" order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ResidentOccupancyPercentage" xlink:label="hcp_ResidentOccupancyPercentage" xlink:title="ResidentOccupancyPercentage" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_ResidentOccupancyPercentage" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_ResidentOccupancyPercentage" use="optional" order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfTripleNetMasterLeases" xlink:label="hcp_NumberOfTripleNetMasterLeases" xlink:title="NumberOfTripleNetMasterLeases" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_NumberOfTripleNetMasterLeases" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_NumberOfTripleNetMasterLeases" use="optional" order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_OperatingLeasesBasisSpreadOnVariableCapRate" xlink:label="hcp_OperatingLeasesBasisSpreadOnVariableCapRate" xlink:title="OperatingLeasesBasisSpreadOnVariableCapRate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_OperatingLeasesBasisSpreadOnVariableCapRate" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_OperatingLeasesBasisSpreadOnVariableCapRate" use="optional" order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual" xlink:label="us-gaap_BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual" xlink:title="BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual" use="optional" order="15" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual" xlink:label="us-gaap_BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual" xlink:title="BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual" use="optional" order="16" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AssetPoolsInitialAvailableTerm" xlink:label="hcp_AssetPoolsInitialAvailableTerm" xlink:title="AssetPoolsInitialAvailableTerm" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_AssetPoolsInitialAvailableTerm" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_AssetPoolsInitialAvailableTerm" use="optional" order="17" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfExtensionOptionsInMasterLeases" xlink:label="hcp_NumberOfExtensionOptionsInMasterLeases" xlink:title="NumberOfExtensionOptionsInMasterLeases" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_NumberOfExtensionOptionsInMasterLeases" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_NumberOfExtensionOptionsInMasterLeases" use="optional" order="18" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages" xlink:label="us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages" xlink:title="MortgageLoansOnRealEstateFaceAmountOfMortgages" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages" use="optional" order="19" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MortgageLoansOnRealEstateMinimumInterestRateInRange" xlink:label="us-gaap_MortgageLoansOnRealEstateMinimumInterestRateInRange" xlink:title="MortgageLoansOnRealEstateMinimumInterestRateInRange" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_MortgageLoansOnRealEstateMinimumInterestRateInRange" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_MortgageLoansOnRealEstateMinimumInterestRateInRange" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MortgageLoansOnRealEstateMaximumInterestRateInRange" xlink:label="us-gaap_MortgageLoansOnRealEstateMaximumInterestRateInRange" xlink:title="MortgageLoansOnRealEstateMaximumInterestRateInRange" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_MortgageLoansOnRealEstateMaximumInterestRateInRange" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_MortgageLoansOnRealEstateMaximumInterestRateInRange" use="optional" order="21" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_BusinessAcquisitionProFormaInformationAbstract" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_BusinessAcquisitionProFormaInformationAbstract" use="optional" order="22" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfFacilitiesPlacedIntoService" xlink:label="hcp_NumberOfFacilitiesPlacedIntoService" xlink:title="NumberOfFacilitiesPlacedIntoService" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_NumberOfFacilitiesPlacedIntoService" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_NumberOfFacilitiesPlacedIntoService" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LifeScienceMedicalOfficeMember" xlink:label="hcp_LifeScienceMedicalOfficeMember" xlink:title="LifeScienceMedicalOfficeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_LifeScienceMedicalOfficeMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_LifeScienceMedicalOfficeMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred" xlink:label="us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred" xlink:title="BusinessCombinationConsiderationTransferredLiabilitiesIncurred" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeniorHousingLifeScienceAndMedicalOfficeMember" xlink:label="hcp_SeniorHousingLifeScienceAndMedicalOfficeMember" xlink:title="SeniorHousingLifeScienceAndMedicalOfficeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_SeniorHousingLifeScienceAndMedicalOfficeMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_SeniorHousingLifeScienceAndMedicalOfficeMember" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NumberOfUnitsInRealEstateProperty" xlink:label="us-gaap_NumberOfUnitsInRealEstateProperty" xlink:title="NumberOfUnitsInRealEstateProperty" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_NumberOfUnitsInRealEstateProperty" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_NumberOfUnitsInRealEstateProperty" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FacilitiesPlacedIntoOperationsCapacity" xlink:label="hcp_FacilitiesPlacedIntoOperationsCapacity" xlink:title="FacilitiesPlacedIntoOperationsCapacity" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_FacilitiesPlacedIntoOperationsCapacity" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_FacilitiesPlacedIntoOperationsCapacity" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfUnitsInRealEstatePropertyAsPercent" xlink:label="hcp_NumberOfUnitsInRealEstatePropertyAsPercent" xlink:title="NumberOfUnitsInRealEstatePropertyAsPercent" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="hcp_NumberOfUnitsInRealEstatePropertyAsPercent" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to hcp_NumberOfUnitsInRealEstatePropertyAsPercent" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureFutureMinimumRentsDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract" xlink:title="OperatingLeasesFutureMinimumPaymentsReceivableAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:title="OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:title="Presentation : us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract to us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LeasesOperatingAbstract" xlink:label="us-gaap_LeasesOperatingAbstract" xlink:title="LeasesOperatingAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LeasesOperatingAbstract" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract" xlink:title="Presentation : us-gaap_LeasesOperatingAbstract to us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:title="OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:title="Presentation : us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract to us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:title="OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:title="Presentation : us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract to us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:title="OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:title="Presentation : us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract to us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:title="OperatingLeasesFutureMinimumPaymentsReceivableThereafter" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:title="Presentation : us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract to us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable" xlink:title="OperatingLeasesFutureMinimumPaymentsReceivable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable" xlink:title="Presentation : us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract to us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureDisclosuresAboutFairValueOfFinancialInstrumentsDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeByNatureAxis" xlink:label="us-gaap_DerivativeByNatureAxis" xlink:title="DerivativeByNatureAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="us-gaap_DerivativeContractTypeDomain" xlink:title="DerivativeContractTypeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeByNatureAxis" xlink:to="us-gaap_DerivativeContractTypeDomain" xlink:title="Presentation : us-gaap_DerivativeByNatureAxis to us-gaap_DerivativeContractTypeDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_WarrantMember" xlink:label="us-gaap_WarrantMember" xlink:title="WarrantMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeContractTypeDomain" xlink:to="us-gaap_WarrantMember" xlink:title="Presentation : us-gaap_DerivativeContractTypeDomain to us-gaap_WarrantMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:title="FairValueByFairValueHierarchyLevelAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:title="FairValueMeasurementsFairValueHierarchyDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:to="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:title="Presentation : us-gaap_FairValueByFairValueHierarchyLevelAxis to us-gaap_FairValueMeasurementsFairValueHierarchyDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="us-gaap_FairValueInputsLevel1Member" xlink:title="FairValueInputsLevel1Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:to="us-gaap_FairValueInputsLevel1Member" xlink:title="Presentation : us-gaap_FairValueMeasurementsFairValueHierarchyDomain to us-gaap_FairValueInputsLevel1Member" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FinancialInstrumentsOwnedAtFairValueAbstract" xlink:label="us-gaap_FinancialInstrumentsOwnedAtFairValueAbstract" xlink:title="FinancialInstrumentsOwnedAtFairValueAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTable" xlink:label="us-gaap_FairValueByBalanceSheetGroupingTable" xlink:title="FairValueByBalanceSheetGroupingTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FinancialInstrumentsOwnedAtFairValueAbstract" xlink:to="us-gaap_FairValueByBalanceSheetGroupingTable" xlink:title="Presentation : us-gaap_FinancialInstrumentsOwnedAtFairValueAbstract to us-gaap_FairValueByBalanceSheetGroupingTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueByMeasurementBasisAxis" xlink:label="us-gaap_FairValueByMeasurementBasisAxis" xlink:title="FairValueByMeasurementBasisAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueByBalanceSheetGroupingTable" xlink:to="us-gaap_FairValueByMeasurementBasisAxis" xlink:title="Presentation : us-gaap_FairValueByBalanceSheetGroupingTable to us-gaap_FairValueByMeasurementBasisAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain" xlink:label="us-gaap_FairValueDisclosureItemAmountsDomain" xlink:title="FairValueDisclosureItemAmountsDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueByMeasurementBasisAxis" xlink:to="us-gaap_FairValueDisclosureItemAmountsDomain" xlink:title="Presentation : us-gaap_FairValueByMeasurementBasisAxis to us-gaap_FairValueDisclosureItemAmountsDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:label="us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:title="CarryingReportedAmountFairValueDisclosureMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueDisclosureItemAmountsDomain" xlink:to="us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:title="Presentation : us-gaap_FairValueDisclosureItemAmountsDomain to us-gaap_CarryingReportedAmountFairValueDisclosureMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:label="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:title="FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LoansReceivableFairValueDisclosure" xlink:label="us-gaap_LoansReceivableFairValueDisclosure" xlink:title="LoansReceivableFairValueDisclosure" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:to="us-gaap_LoansReceivableFairValueDisclosure" xlink:title="Presentation : us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems to us-gaap_LoansReceivableFairValueDisclosure" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InterestRateSwapMember" xlink:label="us-gaap_InterestRateSwapMember" xlink:title="InterestRateSwapMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeContractTypeDomain" xlink:to="us-gaap_InterestRateSwapMember" xlink:title="Presentation : us-gaap_DerivativeContractTypeDomain to us-gaap_InterestRateSwapMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="us-gaap_FairValueInputsLevel2Member" xlink:title="FairValueInputsLevel2Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:to="us-gaap_FairValueInputsLevel2Member" xlink:title="Presentation : us-gaap_FairValueMeasurementsFairValueHierarchyDomain to us-gaap_FairValueInputsLevel2Member" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:label="us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:title="EstimateOfFairValueFairValueDisclosureMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueDisclosureItemAmountsDomain" xlink:to="us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:title="Presentation : us-gaap_FairValueDisclosureItemAmountsDomain to us-gaap_EstimateOfFairValueFairValueDisclosureMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueByBalanceSheetGroupingTable" xlink:to="us-gaap_DerivativeByNatureAxis" xlink:title="Presentation : us-gaap_FairValueByBalanceSheetGroupingTable to us-gaap_DerivativeByNatureAxis" use="optional" order="2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_HeldToMaturitySecuritiesFairValue" xlink:label="us-gaap_HeldToMaturitySecuritiesFairValue" xlink:title="HeldToMaturitySecuritiesFairValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:to="us-gaap_HeldToMaturitySecuritiesFairValue" xlink:title="Presentation : us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems to us-gaap_HeldToMaturitySecuritiesFairValue" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CurrencySwapMember" xlink:label="us-gaap_CurrencySwapMember" xlink:title="CurrencySwapMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeContractTypeDomain" xlink:to="us-gaap_CurrencySwapMember" xlink:title="Presentation : us-gaap_DerivativeContractTypeDomain to us-gaap_CurrencySwapMember" order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="us-gaap_FairValueInputsLevel3Member" xlink:title="FairValueInputsLevel3Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:to="us-gaap_FairValueInputsLevel3Member" xlink:title="Presentation : us-gaap_FairValueMeasurementsFairValueHierarchyDomain to us-gaap_FairValueInputsLevel3Member" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueByBalanceSheetGroupingTable" xlink:to="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:title="Presentation : us-gaap_FairValueByBalanceSheetGroupingTable to us-gaap_FairValueByFairValueHierarchyLevelAxis" use="optional" order="3" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AvailableForSaleSecurities" xlink:label="us-gaap_AvailableForSaleSecurities" xlink:title="AvailableForSaleSecurities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:to="us-gaap_AvailableForSaleSecurities" xlink:title="Presentation : us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems to us-gaap_AvailableForSaleSecurities" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueByBalanceSheetGroupingTable" xlink:to="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:title="Presentation : us-gaap_FairValueByBalanceSheetGroupingTable to us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LongTermLoansFromBank" xlink:label="us-gaap_LongTermLoansFromBank" xlink:title="LongTermLoansFromBank" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:to="us-gaap_LongTermLoansFromBank" xlink:title="Presentation : us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems to us-gaap_LongTermLoansFromBank" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_UnsecuredDebt" xlink:label="us-gaap_UnsecuredDebt" xlink:title="UnsecuredDebt" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:to="us-gaap_UnsecuredDebt" xlink:title="Presentation : us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems to us-gaap_UnsecuredDebt" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SecuredDebt" xlink:label="us-gaap_SecuredDebt" xlink:title="SecuredDebt" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:to="us-gaap_SecuredDebt" xlink:title="Presentation : us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems to us-gaap_SecuredDebt" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherBorrowings" xlink:label="us-gaap_OtherBorrowings" xlink:title="OtherBorrowings" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:to="us-gaap_OtherBorrowings" xlink:title="Presentation : us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems to us-gaap_OtherBorrowings" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeAssets" xlink:label="us-gaap_DerivativeAssets" xlink:title="DerivativeAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:to="us-gaap_DerivativeAssets" xlink:title="Presentation : us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems to us-gaap_DerivativeAssets" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="us-gaap_DerivativeLiabilities" xlink:title="DerivativeLiabilities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:to="us-gaap_DerivativeLiabilities" xlink:title="Presentation : us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems to us-gaap_DerivativeLiabilities" use="optional" order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureRealEstateAndAccumulatedDepreciationDetails3">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract" xlink:title="RealEstateAndAccumulatedDepreciationDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward" xlink:label="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward" xlink:title="ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract" xlink:to="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract to us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateGrossAtCarryingValue" xlink:label="us-gaap_RealEstateGrossAtCarryingValue" xlink:title="RealEstateGrossAtCarryingValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward" xlink:to="us-gaap_RealEstateGrossAtCarryingValue" xlink:title="Presentation : us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward to us-gaap_RealEstateGrossAtCarryingValue" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward" xlink:label="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward" xlink:title="ReconciliationOfRealEstateAccumulatedDepreciationRollForward" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAccumulatedDepreciation" xlink:label="us-gaap_RealEstateAccumulatedDepreciation" xlink:title="RealEstateAccumulatedDepreciation" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward" xlink:to="us-gaap_RealEstateAccumulatedDepreciation" xlink:title="Presentation : us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward to us-gaap_RealEstateAccumulatedDepreciation" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RealEstateAcquisitionsDevelopmentImprovements" xlink:label="hcp_RealEstateAcquisitionsDevelopmentImprovements" xlink:title="RealEstateAcquisitionsDevelopmentImprovements" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward" xlink:to="hcp_RealEstateAcquisitionsDevelopmentImprovements" xlink:title="Presentation : us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward to hcp_RealEstateAcquisitionsDevelopmentImprovements" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract" xlink:to="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract to us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense" xlink:label="us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense" xlink:title="SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward" xlink:to="us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense" xlink:title="Presentation : us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward to us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateCostOfRealEstateSold" xlink:label="us-gaap_RealEstateCostOfRealEstateSold" xlink:title="RealEstateCostOfRealEstateSold" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward" xlink:to="us-gaap_RealEstateCostOfRealEstateSold" xlink:title="Presentation : us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward to us-gaap_RealEstateCostOfRealEstateSold" use="optional" order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAccumulatedDepreciationRealEstateSold" xlink:label="us-gaap_RealEstateAccumulatedDepreciationRealEstateSold" xlink:title="RealEstateAccumulatedDepreciationRealEstateSold" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward" xlink:to="us-gaap_RealEstateAccumulatedDepreciationRealEstateSold" xlink:title="Presentation : us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward to us-gaap_RealEstateAccumulatedDepreciationRealEstateSold" use="optional" order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ImpairmentOfRealEstate" xlink:label="us-gaap_ImpairmentOfRealEstate" xlink:title="ImpairmentOfRealEstate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward" xlink:to="us-gaap_ImpairmentOfRealEstate" xlink:title="Presentation : us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward to us-gaap_ImpairmentOfRealEstate" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RealEstateAccumulatedDepreciationChangesInReportingPresentationDiscontinuedOperations" xlink:label="hcp_RealEstateAccumulatedDepreciationChangesInReportingPresentationDiscontinuedOperations" xlink:title="RealEstateAccumulatedDepreciationChangesInReportingPresentationDiscontinuedOperations" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward" xlink:to="hcp_RealEstateAccumulatedDepreciationChangesInReportingPresentationDiscontinuedOperations" xlink:title="Presentation : us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward to hcp_RealEstateAccumulatedDepreciationChangesInReportingPresentationDiscontinuedOperations" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RealEstateGrossCarryingValueChangesInReportingPresentationDiscontinuedOperations" xlink:label="hcp_RealEstateGrossCarryingValueChangesInReportingPresentationDiscontinuedOperations" xlink:title="RealEstateGrossCarryingValueChangesInReportingPresentationDiscontinuedOperations" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward" xlink:to="hcp_RealEstateGrossCarryingValueChangesInReportingPresentationDiscontinuedOperations" xlink:title="Presentation : us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward to hcp_RealEstateGrossCarryingValueChangesInReportingPresentationDiscontinuedOperations" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAccumulatedDepreciation" xlink:label="RealEstateAccumulatedDepreciation_1" xlink:title="RealEstateAccumulatedDepreciation_1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward" xlink:to="RealEstateAccumulatedDepreciation_1" xlink:title="Presentation : us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward to us-gaap_RealEstateAccumulatedDepreciation" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateGrossAtCarryingValue" xlink:label="RealEstateGrossAtCarryingValue_2" xlink:title="RealEstateGrossAtCarryingValue_2" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward" xlink:to="RealEstateGrossAtCarryingValue_2" xlink:title="Presentation : us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward to us-gaap_RealEstateGrossAtCarryingValue" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateOtherDeductions" xlink:label="us-gaap_RealEstateOtherDeductions" xlink:title="RealEstateOtherDeductions" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward" xlink:to="us-gaap_RealEstateOtherDeductions" xlink:title="Presentation : us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward to us-gaap_RealEstateOtherDeductions" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAccumulatedDepreciationOtherDeductions" xlink:label="us-gaap_RealEstateAccumulatedDepreciationOtherDeductions" xlink:title="RealEstateAccumulatedDepreciationOtherDeductions" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward" xlink:to="us-gaap_RealEstateAccumulatedDepreciationOtherDeductions" xlink:title="Presentation : us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward to us-gaap_RealEstateAccumulatedDepreciationOtherDeductions" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureVariableInterestEntitiesDetails">
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_VariableInterestEntitiesDisclosureAbstract" xlink:label="hcp_VariableInterestEntitiesDisclosureAbstract" xlink:title="VariableInterestEntitiesDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:title="ScheduleOfVariableInterestEntitiesTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_VariableInterestEntitiesDisclosureAbstract" xlink:to="us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:title="Presentation : hcp_VariableInterestEntitiesDisclosureAbstract to us-gaap_ScheduleOfVariableInterestEntitiesTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:title="VariableInterestEntitiesByClassificationOfEntityAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:to="us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:title="Presentation : us-gaap_ScheduleOfVariableInterestEntitiesTable to us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:title="ClassificationOfVariableInterestEntityDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:to="us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:title="Presentation : us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis to us-gaap_ClassificationOfVariableInterestEntityDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember" xlink:label="us-gaap_VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember" xlink:title="VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:to="us-gaap_VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember" xlink:title="Presentation : us-gaap_ClassificationOfVariableInterestEntityDomain to us-gaap_VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_VariableInterestEntityNotPrimaryBeneficiaryTenantsWithOperatingLeasesMember" xlink:label="hcp_VariableInterestEntityNotPrimaryBeneficiaryTenantsWithOperatingLeasesMember" xlink:title="VariableInterestEntityNotPrimaryBeneficiaryTenantsWithOperatingLeasesMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember" xlink:to="hcp_VariableInterestEntityNotPrimaryBeneficiaryTenantsWithOperatingLeasesMember" xlink:title="Presentation : us-gaap_VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember to hcp_VariableInterestEntityNotPrimaryBeneficiaryTenantsWithOperatingLeasesMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="us-gaap_VariableInterestEntityLineItems" xlink:title="VariableInterestEntityLineItems" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PropertiesLeasedNumber" xlink:label="hcp_PropertiesLeasedNumber" xlink:title="PropertiesLeasedNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_VariableInterestEntityLineItems" xlink:to="hcp_PropertiesLeasedNumber" xlink:title="Presentation : us-gaap_VariableInterestEntityLineItems to hcp_PropertiesLeasedNumber" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_VariableInterestEntityNotPrimaryBeneficiaryTenantsWithDirectFinancingLeasesMember" xlink:label="hcp_VariableInterestEntityNotPrimaryBeneficiaryTenantsWithDirectFinancingLeasesMember" xlink:title="VariableInterestEntityNotPrimaryBeneficiaryTenantsWithDirectFinancingLeasesMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember" xlink:to="hcp_VariableInterestEntityNotPrimaryBeneficiaryTenantsWithDirectFinancingLeasesMember" xlink:title="Presentation : us-gaap_VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember to hcp_VariableInterestEntityNotPrimaryBeneficiaryTenantsWithDirectFinancingLeasesMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember" xlink:label="us-gaap_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember" xlink:title="VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:to="us-gaap_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember" xlink:title="Presentation : us-gaap_ClassificationOfVariableInterestEntityDomain to us-gaap_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:title="AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:to="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:title="Presentation : us-gaap_ScheduleOfVariableInterestEntitiesTable to us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" use="optional" order="2" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_VIETenantsNumber" xlink:label="hcp_VIETenantsNumber" xlink:title="VIETenantsNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_VariableInterestEntityLineItems" xlink:to="hcp_VIETenantsNumber" xlink:title="Presentation : us-gaap_VariableInterestEntityLineItems to hcp_VIETenantsNumber" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_VariableInterestEntityNotPrimaryBeneficiarySeniorLoansSecuredMember" xlink:label="hcp_VariableInterestEntityNotPrimaryBeneficiarySeniorLoansSecuredMember" xlink:title="VariableInterestEntityNotPrimaryBeneficiarySeniorLoansSecuredMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember" xlink:to="hcp_VariableInterestEntityNotPrimaryBeneficiarySeniorLoansSecuredMember" xlink:title="Presentation : us-gaap_VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember to hcp_VariableInterestEntityNotPrimaryBeneficiarySeniorLoansSecuredMember" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:to="us-gaap_VariableInterestEntityLineItems" xlink:title="Presentation : us-gaap_ScheduleOfVariableInterestEntitiesTable to us-gaap_VariableInterestEntityLineItems" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfPartnershipsLeasePropertyOwned" xlink:label="hcp_NumberOfPartnershipsLeasePropertyOwned" xlink:title="NumberOfPartnershipsLeasePropertyOwned" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_VariableInterestEntityLineItems" xlink:to="hcp_NumberOfPartnershipsLeasePropertyOwned" xlink:title="Presentation : us-gaap_VariableInterestEntityLineItems to hcp_NumberOfPartnershipsLeasePropertyOwned" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_VariableInterestEntityNotPrimaryBeneficiaryDebtInvestmentMember" xlink:label="hcp_VariableInterestEntityNotPrimaryBeneficiaryDebtInvestmentMember" xlink:title="VariableInterestEntityNotPrimaryBeneficiaryDebtInvestmentMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember" xlink:to="hcp_VariableInterestEntityNotPrimaryBeneficiaryDebtInvestmentMember" xlink:title="Presentation : us-gaap_VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember to hcp_VariableInterestEntityNotPrimaryBeneficiaryDebtInvestmentMember" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:label="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:title="VariableInterestEntityEntityMaximumLossExposureAmount" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_VariableInterestEntityLineItems" xlink:to="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:title="Presentation : us-gaap_VariableInterestEntityLineItems to us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_VariableInterestEntityClassificationOfCarryingAmountAssets" xlink:label="us-gaap_VariableInterestEntityClassificationOfCarryingAmountAssets" xlink:title="VariableInterestEntityClassificationOfCarryingAmountAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_VariableInterestEntityLineItems" xlink:to="us-gaap_VariableInterestEntityClassificationOfCarryingAmountAssets" xlink:title="Presentation : us-gaap_VariableInterestEntityLineItems to us-gaap_VariableInterestEntityClassificationOfCarryingAmountAssets" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesNet" xlink:label="us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesNet" xlink:title="VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_VariableInterestEntityLineItems" xlink:to="us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesNet" xlink:title="Presentation : us-gaap_VariableInterestEntityLineItems to us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesNet" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_VariableInterestEntityNumberOfTaxCreditSubsidiaries" xlink:label="hcp_VariableInterestEntityNumberOfTaxCreditSubsidiaries" xlink:title="VariableInterestEntityNumberOfTaxCreditSubsidiaries" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_VariableInterestEntityLineItems" xlink:to="hcp_VariableInterestEntityNumberOfTaxCreditSubsidiaries" xlink:title="Presentation : us-gaap_VariableInterestEntityLineItems to hcp_VariableInterestEntityNumberOfTaxCreditSubsidiaries" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="us-gaap_ReceivableTypeDomain" xlink:title="ReceivableTypeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:to="us-gaap_ReceivableTypeDomain" xlink:title="Presentation : us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis to us-gaap_ReceivableTypeDomain" use="optional" order="8000" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DelphisOperationsLPSeniorSecuredTermLoanMember" xlink:label="hcp_DelphisOperationsLPSeniorSecuredTermLoanMember" xlink:title="DelphisOperationsLPSeniorSecuredTermLoanMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReceivableTypeDomain" xlink:to="hcp_DelphisOperationsLPSeniorSecuredTermLoanMember" xlink:title="Presentation : us-gaap_ReceivableTypeDomain to hcp_DelphisOperationsLPSeniorSecuredTermLoanMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_VariableInterestEntityNotPrimaryBeneficiarySubordinatedSecuredMember" xlink:label="hcp_VariableInterestEntityNotPrimaryBeneficiarySubordinatedSecuredMember" xlink:title="VariableInterestEntityNotPrimaryBeneficiarySubordinatedSecuredMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember" xlink:to="hcp_VariableInterestEntityNotPrimaryBeneficiarySubordinatedSecuredMember" xlink:title="Presentation : us-gaap_VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember to hcp_VariableInterestEntityNotPrimaryBeneficiarySubordinatedSecuredMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_VariableInterestEntityOwnershipPercentage" xlink:label="us-gaap_VariableInterestEntityOwnershipPercentage" xlink:title="VariableInterestEntityOwnershipPercentage" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_VariableInterestEntityLineItems" xlink:to="us-gaap_VariableInterestEntityOwnershipPercentage" xlink:title="Presentation : us-gaap_VariableInterestEntityLineItems to us-gaap_VariableInterestEntityOwnershipPercentage" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureInvestmentsInAndAdvancesToUnconsolidatedJointVenturesTables">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:label="us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:title="EquityMethodInvestmentsAndJointVenturesAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityMethodInvestmentsTextBlock" xlink:label="us-gaap_EquityMethodInvestmentsTextBlock" xlink:title="EquityMethodInvestmentsTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:to="us-gaap_EquityMethodInvestmentsTextBlock" xlink:title="Presentation : us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract to us-gaap_EquityMethodInvestmentsTextBlock" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EquityMethodInvestmentsFinancialInformationTableTextBlock" xlink:label="hcp_EquityMethodInvestmentsFinancialInformationTableTextBlock" xlink:title="EquityMethodInvestmentsFinancialInformationTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:to="hcp_EquityMethodInvestmentsFinancialInformationTableTextBlock" xlink:title="Presentation : us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract to hcp_EquityMethodInvestmentsFinancialInformationTableTextBlock" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ScheduleOfUnconsolidatedBusinessAcquisitionsPurchasePriceConsiderationTableTextBlock" xlink:label="hcp_ScheduleOfUnconsolidatedBusinessAcquisitionsPurchasePriceConsiderationTableTextBlock" xlink:title="ScheduleOfUnconsolidatedBusinessAcquisitionsPurchasePriceConsiderationTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:to="hcp_ScheduleOfUnconsolidatedBusinessAcquisitionsPurchasePriceConsiderationTableTextBlock" xlink:title="Presentation : us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract to hcp_ScheduleOfUnconsolidatedBusinessAcquisitionsPurchasePriceConsiderationTableTextBlock" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ScheduleOfRecognizedUnconsolidatedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" xlink:label="hcp_ScheduleOfRecognizedUnconsolidatedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" xlink:title="ScheduleOfRecognizedUnconsolidatedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:to="hcp_ScheduleOfRecognizedUnconsolidatedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" xlink:title="Presentation : us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract to hcp_ScheduleOfRecognizedUnconsolidatedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureDebtTables">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="us-gaap_DebtInstrumentTable" xlink:title="DebtInstrumentTable" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="us-gaap_DebtInstrumentAxis" xlink:title="DebtInstrumentAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentTable" xlink:to="us-gaap_DebtInstrumentAxis" xlink:title="Presentation : us-gaap_DebtInstrumentTable to us-gaap_DebtInstrumentAxis" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="us-gaap_DebtDisclosureAbstract" xlink:title="DebtDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:label="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:title="ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtDisclosureAbstract" xlink:to="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:title="Presentation : us-gaap_DebtDisclosureAbstract to us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtDisclosureAbstract" xlink:to="us-gaap_DebtInstrumentTable" xlink:title="Presentation : us-gaap_DebtDisclosureAbstract to us-gaap_DebtInstrumentTable" use="optional" order="8000" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="us-gaap_DebtInstrumentNameDomain" xlink:title="DebtInstrumentNameDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentAxis" xlink:to="us-gaap_DebtInstrumentNameDomain" xlink:title="Presentation : us-gaap_DebtInstrumentAxis to us-gaap_DebtInstrumentNameDomain" use="optional" order="8000" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_UnsecuredDebtMember" xlink:label="us-gaap_UnsecuredDebtMember" xlink:title="UnsecuredDebtMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentNameDomain" xlink:to="us-gaap_UnsecuredDebtMember" xlink:title="Presentation : us-gaap_DebtInstrumentNameDomain to us-gaap_UnsecuredDebtMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="us-gaap_DebtInstrumentLineItems" xlink:title="DebtInstrumentLineItems" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentTable" xlink:to="us-gaap_DebtInstrumentLineItems" xlink:title="Presentation : us-gaap_DebtInstrumentTable to us-gaap_DebtInstrumentLineItems" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfDebtTableTextBlock" xlink:label="us-gaap_ScheduleOfDebtTableTextBlock" xlink:title="ScheduleOfDebtTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_ScheduleOfDebtTableTextBlock" xlink:title="Presentation : us-gaap_DebtInstrumentLineItems to us-gaap_ScheduleOfDebtTableTextBlock" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SecuredDebtMember" xlink:label="us-gaap_SecuredDebtMember" xlink:title="SecuredDebtMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtInstrumentNameDomain" xlink:to="us-gaap_SecuredDebtMember" xlink:title="Presentation : us-gaap_DebtInstrumentNameDomain to us-gaap_SecuredDebtMember" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureDerivativeFinancialInstrumentsDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeByNatureAxis" xlink:label="us-gaap_DerivativeByNatureAxis" xlink:title="DerivativeByNatureAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="us-gaap_DerivativeContractTypeDomain" xlink:title="DerivativeContractTypeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeByNatureAxis" xlink:to="us-gaap_DerivativeContractTypeDomain" xlink:title="Presentation : us-gaap_DerivativeByNatureAxis to us-gaap_DerivativeContractTypeDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_InterestRateSwapEnteredJuly2005MaturityJuly2020Member" xlink:label="hcp_InterestRateSwapEnteredJuly2005MaturityJuly2020Member" xlink:title="InterestRateSwapEnteredJuly2005MaturityJuly2020Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeContractTypeDomain" xlink:to="hcp_InterestRateSwapEnteredJuly2005MaturityJuly2020Member" xlink:title="Presentation : us-gaap_DerivativeContractTypeDomain to hcp_InterestRateSwapEnteredJuly2005MaturityJuly2020Member" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="us-gaap_StatementEquityComponentsAxis" xlink:title="StatementEquityComponentsAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="us-gaap_EquityComponentDomain" xlink:title="EquityComponentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementEquityComponentsAxis" xlink:to="us-gaap_EquityComponentDomain" xlink:title="Presentation : us-gaap_StatementEquityComponentsAxis to us-gaap_EquityComponentDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" xlink:label="us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" xlink:title="AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityComponentDomain" xlink:to="us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" xlink:title="Presentation : us-gaap_EquityComponentDomain to us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:title="DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeTable" xlink:label="us-gaap_DerivativeTable" xlink:title="DerivativeTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:to="us-gaap_DerivativeTable" xlink:title="Presentation : us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract to us-gaap_DerivativeTable" use="optional" order="1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeTable" xlink:to="us-gaap_DerivativeByNatureAxis" xlink:title="Presentation : us-gaap_DerivativeTable to us-gaap_DerivativeByNatureAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:label="us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:title="DerivativeInstrumentsGainLossByHedgingRelationshipAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_HedgingRelationshipDomain" xlink:label="us-gaap_HedgingRelationshipDomain" xlink:title="HedgingRelationshipDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:to="us-gaap_HedgingRelationshipDomain" xlink:title="Presentation : us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis to us-gaap_HedgingRelationshipDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CashFlowHedgingMember" xlink:label="us-gaap_CashFlowHedgingMember" xlink:title="CashFlowHedgingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_HedgingRelationshipDomain" xlink:to="us-gaap_CashFlowHedgingMember" xlink:title="Presentation : us-gaap_HedgingRelationshipDomain to us-gaap_CashFlowHedgingMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" xlink:title="ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" xlink:title="ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" xlink:to="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" xlink:title="Presentation : us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis to us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" xlink:title="ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" xlink:to="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" xlink:title="Presentation : us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain to us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="us-gaap_DerivativeLineItems" xlink:title="DerivativeLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeFixedInterestRate" xlink:label="us-gaap_DerivativeFixedInterestRate" xlink:title="DerivativeFixedInterestRate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeLineItems" xlink:to="us-gaap_DerivativeFixedInterestRate" xlink:title="Presentation : us-gaap_DerivativeLineItems to us-gaap_DerivativeFixedInterestRate" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InterestRateDerivativesAbstract" xlink:label="us-gaap_InterestRateDerivativesAbstract" xlink:title="InterestRateDerivativesAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EffectOfIncreaseInInterestRateBy50BasisPointsOnFairValueOfDerivatives" xlink:label="hcp_EffectOfIncreaseInInterestRateBy50BasisPointsOnFairValueOfDerivatives" xlink:title="EffectOfIncreaseInInterestRateBy50BasisPointsOnFairValueOfDerivatives" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_InterestRateDerivativesAbstract" xlink:to="hcp_EffectOfIncreaseInInterestRateBy50BasisPointsOnFairValueOfDerivatives" xlink:title="Presentation : us-gaap_InterestRateDerivativesAbstract to hcp_EffectOfIncreaseInInterestRateBy50BasisPointsOnFairValueOfDerivatives" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_InterestRateSwapEnteredNovember2008MaturityOctober2016Member" xlink:label="hcp_InterestRateSwapEnteredNovember2008MaturityOctober2016Member" xlink:title="InterestRateSwapEnteredNovember2008MaturityOctober2016Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeContractTypeDomain" xlink:to="hcp_InterestRateSwapEnteredNovember2008MaturityOctober2016Member" xlink:title="Presentation : us-gaap_DerivativeContractTypeDomain to hcp_InterestRateSwapEnteredNovember2008MaturityOctober2016Member" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PositionAxis" xlink:label="us-gaap_PositionAxis" xlink:title="PositionAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeTable" xlink:to="us-gaap_PositionAxis" xlink:title="Presentation : us-gaap_DerivativeTable to us-gaap_PositionAxis" use="optional" order="2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeDescriptionOfVariableRateBasis" xlink:label="us-gaap_DerivativeDescriptionOfVariableRateBasis" xlink:title="DerivativeDescriptionOfVariableRateBasis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeLineItems" xlink:to="us-gaap_DerivativeDescriptionOfVariableRateBasis" xlink:title="Presentation : us-gaap_DerivativeLineItems to us-gaap_DerivativeDescriptionOfVariableRateBasis" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EffectOfDecreaseInInterestRateBy50BasisPointsOnFairValueOfDerivatives" xlink:label="hcp_EffectOfDecreaseInInterestRateBy50BasisPointsOnFairValueOfDerivatives" xlink:title="EffectOfDecreaseInInterestRateBy50BasisPointsOnFairValueOfDerivatives" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_InterestRateDerivativesAbstract" xlink:to="hcp_EffectOfDecreaseInInterestRateBy50BasisPointsOnFairValueOfDerivatives" xlink:title="Presentation : us-gaap_InterestRateDerivativesAbstract to hcp_EffectOfDecreaseInInterestRateBy50BasisPointsOnFairValueOfDerivatives" use="optional" order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_InterestRateSwapEnteredJuly2012MaturityJune2016Member" xlink:label="hcp_InterestRateSwapEnteredJuly2012MaturityJune2016Member" xlink:title="InterestRateSwapEnteredJuly2012MaturityJune2016Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeContractTypeDomain" xlink:to="hcp_InterestRateSwapEnteredJuly2012MaturityJune2016Member" xlink:title="Presentation : us-gaap_DerivativeContractTypeDomain to hcp_InterestRateSwapEnteredJuly2012MaturityJune2016Member" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeTable" xlink:to="us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:title="Presentation : us-gaap_DerivativeTable to us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" use="optional" order="3" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeBasisSpreadOnVariableRate" xlink:label="us-gaap_DerivativeBasisSpreadOnVariableRate" xlink:title="DerivativeBasisSpreadOnVariableRate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeLineItems" xlink:to="us-gaap_DerivativeBasisSpreadOnVariableRate" xlink:title="Presentation : us-gaap_DerivativeLineItems to us-gaap_DerivativeBasisSpreadOnVariableRate" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EffectOfIncreaseInInterestRateBy100BasisPointsOnFairValueOfDerivatives" xlink:label="hcp_EffectOfIncreaseInInterestRateBy100BasisPointsOnFairValueOfDerivatives" xlink:title="EffectOfIncreaseInInterestRateBy100BasisPointsOnFairValueOfDerivatives" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_InterestRateDerivativesAbstract" xlink:to="hcp_EffectOfIncreaseInInterestRateBy100BasisPointsOnFairValueOfDerivatives" xlink:title="Presentation : us-gaap_InterestRateDerivativesAbstract to hcp_EffectOfIncreaseInInterestRateBy100BasisPointsOnFairValueOfDerivatives" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ForeignCurrencySwapEnteredJuly2012MaturityJune2016Member" xlink:label="hcp_ForeignCurrencySwapEnteredJuly2012MaturityJune2016Member" xlink:title="ForeignCurrencySwapEnteredJuly2012MaturityJune2016Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeContractTypeDomain" xlink:to="hcp_ForeignCurrencySwapEnteredJuly2012MaturityJune2016Member" xlink:title="Presentation : us-gaap_DerivativeContractTypeDomain to hcp_ForeignCurrencySwapEnteredJuly2012MaturityJune2016Member" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeTable" xlink:to="us-gaap_StatementEquityComponentsAxis" xlink:title="Presentation : us-gaap_DerivativeTable to us-gaap_StatementEquityComponentsAxis" use="optional" order="4" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DerivativeSwapTypeFixedPriceBuySellAmount" xlink:label="hcp_DerivativeSwapTypeFixedPriceBuySellAmount" xlink:title="DerivativeSwapTypeFixedPriceBuySellAmount" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeLineItems" xlink:to="hcp_DerivativeSwapTypeFixedPriceBuySellAmount" xlink:title="Presentation : us-gaap_DerivativeLineItems to hcp_DerivativeSwapTypeFixedPriceBuySellAmount" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_EffectOfDecreaseInInterestRateBy100BasisPointsOnFairValueOfDerivatives" xlink:label="hcp_EffectOfDecreaseInInterestRateBy100BasisPointsOnFairValueOfDerivatives" xlink:title="EffectOfDecreaseInInterestRateBy100BasisPointsOnFairValueOfDerivatives" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_InterestRateDerivativesAbstract" xlink:to="hcp_EffectOfDecreaseInInterestRateBy100BasisPointsOnFairValueOfDerivatives" xlink:title="Presentation : us-gaap_InterestRateDerivativesAbstract to hcp_EffectOfDecreaseInInterestRateBy100BasisPointsOnFairValueOfDerivatives" use="optional" order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeTable" xlink:to="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" xlink:title="Presentation : us-gaap_DerivativeTable to us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" use="optional" order="5" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeAssetNotionalAmount" xlink:label="us-gaap_DerivativeAssetNotionalAmount" xlink:title="DerivativeAssetNotionalAmount" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeLineItems" xlink:to="us-gaap_DerivativeAssetNotionalAmount" xlink:title="Presentation : us-gaap_DerivativeLineItems to us-gaap_DerivativeAssetNotionalAmount" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeTable" xlink:to="us-gaap_DerivativeLineItems" xlink:title="Presentation : us-gaap_DerivativeTable to us-gaap_DerivativeLineItems" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InterestRateCashFlowHedgeLiabilityAtFairValue" xlink:label="us-gaap_InterestRateCashFlowHedgeLiabilityAtFairValue" xlink:title="InterestRateCashFlowHedgeLiabilityAtFairValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeLineItems" xlink:to="us-gaap_InterestRateCashFlowHedgeLiabilityAtFairValue" xlink:title="Presentation : us-gaap_DerivativeLineItems to us-gaap_InterestRateCashFlowHedgeLiabilityAtFairValue" use="optional" order="6" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ForeignCurrencyCashFlowHedgeLiabilityAtFairValue" xlink:label="us-gaap_ForeignCurrencyCashFlowHedgeLiabilityAtFairValue" xlink:title="ForeignCurrencyCashFlowHedgeLiabilityAtFairValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeLineItems" xlink:to="us-gaap_ForeignCurrencyCashFlowHedgeLiabilityAtFairValue" xlink:title="Presentation : us-gaap_DerivativeLineItems to us-gaap_ForeignCurrencyCashFlowHedgeLiabilityAtFairValue" use="optional" order="7" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NumberOfInterestRateDerivativesHeld" xlink:label="us-gaap_NumberOfInterestRateDerivativesHeld" xlink:title="NumberOfInterestRateDerivativesHeld" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeLineItems" xlink:to="us-gaap_NumberOfInterestRateDerivativesHeld" xlink:title="Presentation : us-gaap_DerivativeLineItems to us-gaap_NumberOfInterestRateDerivativesHeld" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ForeignCurrencyExchangeRateTranslation1" xlink:label="us-gaap_ForeignCurrencyExchangeRateTranslation1" xlink:title="ForeignCurrencyExchangeRateTranslation1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeLineItems" xlink:to="us-gaap_ForeignCurrencyExchangeRateTranslation1" xlink:title="Presentation : us-gaap_DerivativeLineItems to us-gaap_ForeignCurrencyExchangeRateTranslation1" use="optional" order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProfitLoss" xlink:label="us-gaap_ProfitLoss" xlink:title="ProfitLoss" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeLineItems" xlink:to="us-gaap_ProfitLoss" xlink:title="Presentation : us-gaap_DerivativeLineItems to us-gaap_ProfitLoss" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_GainLossOnInterestRateCashFlowHedgeIneffectiveness" xlink:label="us-gaap_GainLossOnInterestRateCashFlowHedgeIneffectiveness" xlink:title="GainLossOnInterestRateCashFlowHedgeIneffectiveness" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeLineItems" xlink:to="us-gaap_GainLossOnInterestRateCashFlowHedgeIneffectiveness" xlink:title="Presentation : us-gaap_DerivativeLineItems to us-gaap_GainLossOnInterestRateCashFlowHedgeIneffectiveness" use="optional" order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeLineItems" xlink:to="us-gaap_InterestRateDerivativesAbstract" xlink:title="Presentation : us-gaap_DerivativeLineItems to us-gaap_InterestRateDerivativesAbstract" use="optional" order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_InterestRateSwapEnteredJuly2009MaturityJuly2013Member" xlink:label="hcp_InterestRateSwapEnteredJuly2009MaturityJuly2013Member" xlink:title="InterestRateSwapEnteredJuly2009MaturityJuly2013Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeContractTypeDomain" xlink:to="hcp_InterestRateSwapEnteredJuly2009MaturityJuly2013Member" xlink:title="Presentation : us-gaap_DerivativeContractTypeDomain to hcp_InterestRateSwapEnteredJuly2009MaturityJuly2013Member" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PositionDomain" xlink:label="us-gaap_PositionDomain" xlink:title="PositionDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_PositionAxis" xlink:to="us-gaap_PositionDomain" xlink:title="Presentation : us-gaap_PositionAxis to us-gaap_PositionDomain" use="optional" order="8000" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LongMember" xlink:label="us-gaap_LongMember" xlink:title="LongMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_PositionDomain" xlink:to="us-gaap_LongMember" xlink:title="Presentation : us-gaap_PositionDomain to us-gaap_LongMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet" xlink:label="us-gaap_GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet" xlink:title="GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeLineItems" xlink:to="us-gaap_GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet" xlink:title="Presentation : us-gaap_DerivativeLineItems to us-gaap_GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_InterestRateSwapEnteredAugust2009MaturityAugust2011Member" xlink:label="hcp_InterestRateSwapEnteredAugust2009MaturityAugust2011Member" xlink:title="InterestRateSwapEnteredAugust2009MaturityAugust2011Member" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeContractTypeDomain" xlink:to="hcp_InterestRateSwapEnteredAugust2009MaturityAugust2011Member" xlink:title="Presentation : us-gaap_DerivativeContractTypeDomain to hcp_InterestRateSwapEnteredAugust2009MaturityAugust2011Member" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeCashReceivedOnHedge" xlink:label="us-gaap_DerivativeCashReceivedOnHedge" xlink:title="DerivativeCashReceivedOnHedge" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeLineItems" xlink:to="us-gaap_DerivativeCashReceivedOnHedge" xlink:title="Presentation : us-gaap_DerivativeLineItems to us-gaap_DerivativeCashReceivedOnHedge" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_InterestRateSwapFixedRateForecastedUnsecuredDebtMember" xlink:label="hcp_InterestRateSwapFixedRateForecastedUnsecuredDebtMember" xlink:title="InterestRateSwapFixedRateForecastedUnsecuredDebtMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeContractTypeDomain" xlink:to="hcp_InterestRateSwapFixedRateForecastedUnsecuredDebtMember" xlink:title="Presentation : us-gaap_DerivativeContractTypeDomain to hcp_InterestRateSwapFixedRateForecastedUnsecuredDebtMember" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InterestRateCashFlowHedgeAssetAtFairValue" xlink:label="us-gaap_InterestRateCashFlowHedgeAssetAtFairValue" xlink:title="InterestRateCashFlowHedgeAssetAtFairValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeLineItems" xlink:to="us-gaap_InterestRateCashFlowHedgeAssetAtFairValue" xlink:title="Presentation : us-gaap_DerivativeLineItems to us-gaap_InterestRateCashFlowHedgeAssetAtFairValue" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DerivativesHedgeAdditionalReductionInterestIncome" xlink:label="hcp_DerivativesHedgeAdditionalReductionInterestIncome" xlink:title="DerivativesHedgeAdditionalReductionInterestIncome" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeLineItems" xlink:to="hcp_DerivativesHedgeAdditionalReductionInterestIncome" xlink:title="Presentation : us-gaap_DerivativeLineItems to hcp_DerivativesHedgeAdditionalReductionInterestIncome" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DerivativesHedgeAdditionReductionInterestExpense" xlink:label="hcp_DerivativesHedgeAdditionReductionInterestExpense" xlink:title="DerivativesHedgeAdditionReductionInterestExpense" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeLineItems" xlink:to="hcp_DerivativesHedgeAdditionReductionInterestExpense" xlink:title="Presentation : us-gaap_DerivativeLineItems to hcp_DerivativesHedgeAdditionReductionInterestExpense" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NumberOfForeignCurrencyDerivativesHeld" xlink:label="us-gaap_NumberOfForeignCurrencyDerivativesHeld" xlink:title="NumberOfForeignCurrencyDerivativesHeld" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeLineItems" xlink:to="us-gaap_NumberOfForeignCurrencyDerivativesHeld" xlink:title="Presentation : us-gaap_DerivativeLineItems to us-gaap_NumberOfForeignCurrencyDerivativesHeld" use="optional" order="8005" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DerivativeSwapTypeFixedPriceSemiAnnualBuySellAmount" xlink:label="hcp_DerivativeSwapTypeFixedPriceSemiAnnualBuySellAmount" xlink:title="DerivativeSwapTypeFixedPriceSemiAnnualBuySellAmount" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeLineItems" xlink:to="hcp_DerivativeSwapTypeFixedPriceSemiAnnualBuySellAmount" xlink:title="Presentation : us-gaap_DerivativeLineItems to hcp_DerivativeSwapTypeFixedPriceSemiAnnualBuySellAmount" use="optional" order="8006" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureCommitmentsAndContingenciesDetails3">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CounterpartyNameAxis" xlink:label="us-gaap_CounterpartyNameAxis" xlink:title="CounterpartyNameAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:label="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:title="RepurchaseAgreementCounterpartyNameDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CounterpartyNameAxis" xlink:to="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:title="Presentation : us-gaap_CounterpartyNameAxis to us-gaap_RepurchaseAgreementCounterpartyNameDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BrookdaleMember" xlink:label="hcp_BrookdaleMember" xlink:title="BrookdaleMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:to="hcp_BrookdaleMember" xlink:title="Presentation : us-gaap_RepurchaseAgreementCounterpartyNameDomain to hcp_BrookdaleMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:title="CommitmentsAndContingenciesDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ConcentrationRiskTable" xlink:label="us-gaap_ConcentrationRiskTable" xlink:title="ConcentrationRiskTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="us-gaap_ConcentrationRiskTable" xlink:title="Presentation : us-gaap_CommitmentsAndContingenciesDisclosureAbstract to us-gaap_ConcentrationRiskTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ConcentrationRiskLineItems" xlink:label="us-gaap_ConcentrationRiskLineItems" xlink:title="ConcentrationRiskLineItems" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_InvestmentsInJointVenturesSeniorHousingFacilitiesNumber" xlink:label="hcp_InvestmentsInJointVenturesSeniorHousingFacilitiesNumber" xlink:title="InvestmentsInJointVenturesSeniorHousingFacilitiesNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="hcp_InvestmentsInJointVenturesSeniorHousingFacilitiesNumber" xlink:title="Presentation : us-gaap_ConcentrationRiskLineItems to hcp_InvestmentsInJointVenturesSeniorHousingFacilitiesNumber" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskTable" xlink:to="us-gaap_CounterpartyNameAxis" xlink:title="Presentation : us-gaap_ConcentrationRiskTable to us-gaap_CounterpartyNameAxis" use="optional" order="1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskTable" xlink:to="us-gaap_ConcentrationRiskLineItems" xlink:title="Presentation : us-gaap_ConcentrationRiskTable to us-gaap_ConcentrationRiskLineItems" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_InvestmentsInJointVenturesSeniorHousingCommunitiesAssumedInCurrentTripleNetLeaseNumber" xlink:label="hcp_InvestmentsInJointVenturesSeniorHousingCommunitiesAssumedInCurrentTripleNetLeaseNumber" xlink:title="InvestmentsInJointVenturesSeniorHousingCommunitiesAssumedInCurrentTripleNetLeaseNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="hcp_InvestmentsInJointVenturesSeniorHousingCommunitiesAssumedInCurrentTripleNetLeaseNumber" xlink:title="Presentation : us-gaap_ConcentrationRiskLineItems to hcp_InvestmentsInJointVenturesSeniorHousingCommunitiesAssumedInCurrentTripleNetLeaseNumber" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_InvestmentsInJointVenturesSeniorHousingCommunitiesInNewTripleNetLeaseNumber" xlink:label="hcp_InvestmentsInJointVenturesSeniorHousingCommunitiesInNewTripleNetLeaseNumber" xlink:title="InvestmentsInJointVenturesSeniorHousingCommunitiesInNewTripleNetLeaseNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="hcp_InvestmentsInJointVenturesSeniorHousingCommunitiesInNewTripleNetLeaseNumber" xlink:title="Presentation : us-gaap_ConcentrationRiskLineItems to hcp_InvestmentsInJointVenturesSeniorHousingCommunitiesInNewTripleNetLeaseNumber" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_InvestmentsInJointVenturesSeniorHousingCommunitiesAssumedManagedByThirdPartyNumber" xlink:label="hcp_InvestmentsInJointVenturesSeniorHousingCommunitiesAssumedManagedByThirdPartyNumber" xlink:title="InvestmentsInJointVenturesSeniorHousingCommunitiesAssumedManagedByThirdPartyNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="hcp_InvestmentsInJointVenturesSeniorHousingCommunitiesAssumedManagedByThirdPartyNumber" xlink:title="Presentation : us-gaap_ConcentrationRiskLineItems to hcp_InvestmentsInJointVenturesSeniorHousingCommunitiesAssumedManagedByThirdPartyNumber" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PercentageOfInterestInJointVenture" xlink:label="hcp_PercentageOfInterestInJointVenture" xlink:title="PercentageOfInterestInJointVenture" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="hcp_PercentageOfInterestInJointVenture" xlink:title="Presentation : us-gaap_ConcentrationRiskLineItems to hcp_PercentageOfInterestInJointVenture" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_InvestmentsInJointVenturesSeniorLivingCommunitiesOperatedInRIDEAStructureNumber" xlink:label="hcp_InvestmentsInJointVenturesSeniorLivingCommunitiesOperatedInRIDEAStructureNumber" xlink:title="InvestmentsInJointVenturesSeniorLivingCommunitiesOperatedInRIDEAStructureNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="hcp_InvestmentsInJointVenturesSeniorLivingCommunitiesOperatedInRIDEAStructureNumber" xlink:title="Presentation : us-gaap_ConcentrationRiskLineItems to hcp_InvestmentsInJointVenturesSeniorLivingCommunitiesOperatedInRIDEAStructureNumber" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CommonStockAcquireAvailableForSaleSecuritiesShares" xlink:label="hcp_CommonStockAcquireAvailableForSaleSecuritiesShares" xlink:title="CommonStockAcquireAvailableForSaleSecuritiesShares" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="hcp_CommonStockAcquireAvailableForSaleSecuritiesShares" xlink:title="Presentation : us-gaap_ConcentrationRiskLineItems to hcp_CommonStockAcquireAvailableForSaleSecuritiesShares" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ConcentrationRiskIncreaseInRevenue" xlink:label="hcp_ConcentrationRiskIncreaseInRevenue" xlink:title="ConcentrationRiskIncreaseInRevenue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="hcp_ConcentrationRiskIncreaseInRevenue" xlink:title="Presentation : us-gaap_ConcentrationRiskLineItems to hcp_ConcentrationRiskIncreaseInRevenue" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ConcentrationRiskIncreaseInOperatingExpenses" xlink:label="hcp_ConcentrationRiskIncreaseInOperatingExpenses" xlink:title="ConcentrationRiskIncreaseInOperatingExpenses" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="hcp_ConcentrationRiskIncreaseInOperatingExpenses" xlink:title="Presentation : us-gaap_ConcentrationRiskLineItems to hcp_ConcentrationRiskIncreaseInOperatingExpenses" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ConcentrationRiskRevenue" xlink:label="hcp_ConcentrationRiskRevenue" xlink:title="ConcentrationRiskRevenue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="hcp_ConcentrationRiskRevenue" xlink:title="Presentation : us-gaap_ConcentrationRiskLineItems to hcp_ConcentrationRiskRevenue" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ConcentrationRiskOperatingExpenses" xlink:label="hcp_ConcentrationRiskOperatingExpenses" xlink:title="ConcentrationRiskOperatingExpenses" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="hcp_ConcentrationRiskOperatingExpenses" xlink:title="Presentation : us-gaap_ConcentrationRiskLineItems to hcp_ConcentrationRiskOperatingExpenses" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureCommitmentsAndContingenciesDetails2">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:title="CommitmentsAndContingenciesDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LossContingenciesTable" xlink:label="us-gaap_LossContingenciesTable" xlink:title="LossContingenciesTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="us-gaap_LossContingenciesTable" xlink:title="Presentation : us-gaap_CommitmentsAndContingenciesDisclosureAbstract to us-gaap_LossContingenciesTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LitigationCaseAxis" xlink:label="us-gaap_LitigationCaseAxis" xlink:title="LitigationCaseAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesTable" xlink:to="us-gaap_LitigationCaseAxis" xlink:title="Presentation : us-gaap_LossContingenciesTable to us-gaap_LitigationCaseAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LitigationCaseTypeDomain" xlink:label="us-gaap_LitigationCaseTypeDomain" xlink:title="LitigationCaseTypeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LitigationCaseAxis" xlink:to="us-gaap_LitigationCaseTypeDomain" xlink:title="Presentation : us-gaap_LitigationCaseAxis to us-gaap_LitigationCaseTypeDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_VentasIncMember" xlink:label="hcp_VentasIncMember" xlink:title="VentasIncMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LitigationCaseTypeDomain" xlink:to="hcp_VentasIncMember" xlink:title="Presentation : us-gaap_LitigationCaseTypeDomain to hcp_VentasIncMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LossContingenciesLineItems" xlink:label="us-gaap_LossContingenciesLineItems" xlink:title="LossContingenciesLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LossContingencyDamagesSoughtValue" xlink:label="us-gaap_LossContingencyDamagesSoughtValue" xlink:title="LossContingencyDamagesSoughtValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesLineItems" xlink:to="us-gaap_LossContingencyDamagesSoughtValue" xlink:title="Presentation : us-gaap_LossContingenciesLineItems to us-gaap_LossContingencyDamagesSoughtValue" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesTable" xlink:to="us-gaap_LossContingenciesLineItems" xlink:title="Presentation : us-gaap_LossContingenciesTable to us-gaap_LossContingenciesLineItems" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LossContingencyVerdictCompensatoryDamages" xlink:label="hcp_LossContingencyVerdictCompensatoryDamages" xlink:title="LossContingencyVerdictCompensatoryDamages" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesLineItems" xlink:to="hcp_LossContingencyVerdictCompensatoryDamages" xlink:title="Presentation : us-gaap_LossContingenciesLineItems to hcp_LossContingencyVerdictCompensatoryDamages" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LitigationSettlementExpense" xlink:label="us-gaap_LitigationSettlementExpense" xlink:title="LitigationSettlementExpense" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesLineItems" xlink:to="us-gaap_LitigationSettlementExpense" xlink:title="Presentation : us-gaap_LossContingenciesLineItems to us-gaap_LitigationSettlementExpense" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsForLegalSettlements" xlink:label="us-gaap_PaymentsForLegalSettlements" xlink:title="PaymentsForLegalSettlements" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesLineItems" xlink:to="us-gaap_PaymentsForLegalSettlements" xlink:title="Presentation : us-gaap_LossContingenciesLineItems to us-gaap_PaymentsForLegalSettlements" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SunriseSeniorLivingIncMember" xlink:label="hcp_SunriseSeniorLivingIncMember" xlink:title="SunriseSeniorLivingIncMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LitigationCaseTypeDomain" xlink:to="hcp_SunriseSeniorLivingIncMember" xlink:title="Presentation : us-gaap_LitigationCaseTypeDomain to hcp_SunriseSeniorLivingIncMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_TenantsFiledComplaintsWithEntitySubsidiariesNumber" xlink:label="hcp_TenantsFiledComplaintsWithEntitySubsidiariesNumber" xlink:title="TenantsFiledComplaintsWithEntitySubsidiariesNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesLineItems" xlink:to="hcp_TenantsFiledComplaintsWithEntitySubsidiariesNumber" xlink:title="Presentation : us-gaap_LossContingenciesLineItems to hcp_TenantsFiledComplaintsWithEntitySubsidiariesNumber" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SubsidiariesOfOtherPartyIncludedInComplaintNumber" xlink:label="hcp_SubsidiariesOfOtherPartyIncludedInComplaintNumber" xlink:title="SubsidiariesOfOtherPartyIncludedInComplaintNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesLineItems" xlink:to="hcp_SubsidiariesOfOtherPartyIncludedInComplaintNumber" xlink:title="Presentation : us-gaap_LossContingenciesLineItems to hcp_SubsidiariesOfOtherPartyIncludedInComplaintNumber" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LossContingencyFiledComplaintsMovedNumber" xlink:label="hcp_LossContingencyFiledComplaintsMovedNumber" xlink:title="LossContingencyFiledComplaintsMovedNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesLineItems" xlink:to="hcp_LossContingencyFiledComplaintsMovedNumber" xlink:title="Presentation : us-gaap_LossContingenciesLineItems to hcp_LossContingencyFiledComplaintsMovedNumber" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CommunitiesAssociatedWithFiledComplaintsMovedNumber" xlink:label="hcp_CommunitiesAssociatedWithFiledComplaintsMovedNumber" xlink:title="CommunitiesAssociatedWithFiledComplaintsMovedNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesLineItems" xlink:to="hcp_CommunitiesAssociatedWithFiledComplaintsMovedNumber" xlink:title="Presentation : us-gaap_LossContingenciesLineItems to hcp_CommunitiesAssociatedWithFiledComplaintsMovedNumber" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CommunitiesSubjectToDisputeNumber" xlink:label="hcp_CommunitiesSubjectToDisputeNumber" xlink:title="CommunitiesSubjectToDisputeNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesLineItems" xlink:to="hcp_CommunitiesSubjectToDisputeNumber" xlink:title="Presentation : us-gaap_LossContingenciesLineItems to hcp_CommunitiesSubjectToDisputeNumber" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureSegmentDisclosuresDetails2">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentReportingAbstract" xlink:label="us-gaap_SegmentReportingAbstract" xlink:title="SegmentReportingAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" xlink:label="us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" xlink:title="ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingAbstract" xlink:to="us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" xlink:title="Presentation : us-gaap_SegmentReportingAbstract to us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProfitLoss" xlink:label="us-gaap_ProfitLoss" xlink:title="ProfitLoss" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" xlink:to="us-gaap_ProfitLoss" xlink:title="Presentation : us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract to us-gaap_ProfitLoss" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InterestIncomeOperating" xlink:label="us-gaap_InterestIncomeOperating" xlink:title="InterestIncomeOperating" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" xlink:to="us-gaap_InterestIncomeOperating" xlink:title="Presentation : us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract to us-gaap_InterestIncomeOperating" use="optional" order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ManagementFeesRevenue" xlink:label="us-gaap_ManagementFeesRevenue" xlink:title="ManagementFeesRevenue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" xlink:to="us-gaap_ManagementFeesRevenue" xlink:title="Presentation : us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract to us-gaap_ManagementFeesRevenue" use="optional" order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InterestExpense" xlink:label="us-gaap_InterestExpense" xlink:title="InterestExpense" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" xlink:to="us-gaap_InterestExpense" xlink:title="Presentation : us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract to us-gaap_InterestExpense" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:label="us-gaap_DepreciationAndAmortization" xlink:title="DepreciationAndAmortization" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" xlink:to="us-gaap_DepreciationAndAmortization" xlink:title="Presentation : us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract to us-gaap_DepreciationAndAmortization" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="us-gaap_GeneralAndAdministrativeExpense" xlink:title="GeneralAndAdministrativeExpense" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" xlink:to="us-gaap_GeneralAndAdministrativeExpense" xlink:title="Presentation : us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract to us-gaap_GeneralAndAdministrativeExpense" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NonoperatingIncomeExpense" xlink:label="us-gaap_NonoperatingIncomeExpense" xlink:title="NonoperatingIncomeExpense" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" xlink:to="us-gaap_NonoperatingIncomeExpense" xlink:title="Presentation : us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract to us-gaap_NonoperatingIncomeExpense" use="optional" order="7" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="us-gaap_IncomeTaxExpenseBenefit" xlink:title="IncomeTaxExpenseBenefit" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" xlink:to="us-gaap_IncomeTaxExpenseBenefit" xlink:title="Presentation : us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract to us-gaap_IncomeTaxExpenseBenefit" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments" xlink:title="IncomeLossFromEquityMethodInvestments" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" xlink:to="us-gaap_IncomeLossFromEquityMethodInvestments" xlink:title="Presentation : us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract to us-gaap_IncomeLossFromEquityMethodInvestments" use="optional" order="9" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:title="IncomeLossFromDiscontinuedOperationsNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" xlink:to="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:title="Presentation : us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract to us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" use="optional" order="10" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NetOperatingIncomeFromContinuingOperations" xlink:label="hcp_NetOperatingIncomeFromContinuingOperations" xlink:title="NetOperatingIncomeFromContinuingOperations" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" xlink:to="hcp_NetOperatingIncomeFromContinuingOperations" xlink:title="Presentation : us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract to hcp_NetOperatingIncomeFromContinuingOperations" use="optional" order="11" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StraightLineRentAdjustments" xlink:label="us-gaap_StraightLineRentAdjustments" xlink:title="StraightLineRentAdjustments" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" xlink:to="us-gaap_StraightLineRentAdjustments" xlink:title="Presentation : us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract to us-gaap_StraightLineRentAdjustments" use="optional" order="12" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DirectFinancingLeasesAccretionExpense" xlink:label="hcp_DirectFinancingLeasesAccretionExpense" xlink:title="DirectFinancingLeasesAccretionExpense" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" xlink:to="hcp_DirectFinancingLeasesAccretionExpense" xlink:title="Presentation : us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract to hcp_DirectFinancingLeasesAccretionExpense" use="optional" order="13" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AmortizationOfAboveAndBelowMarketLeases" xlink:label="us-gaap_AmortizationOfAboveAndBelowMarketLeases" xlink:title="AmortizationOfAboveAndBelowMarketLeases" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" xlink:to="us-gaap_AmortizationOfAboveAndBelowMarketLeases" xlink:title="Presentation : us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract to us-gaap_AmortizationOfAboveAndBelowMarketLeases" use="optional" order="14" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LeaseTerminationFees" xlink:label="hcp_LeaseTerminationFees" xlink:title="LeaseTerminationFees" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" xlink:to="hcp_LeaseTerminationFees" xlink:title="Presentation : us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract to hcp_LeaseTerminationFees" use="optional" order="15" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AdjustedNetOperatingIncomeFromDiscontinuedOperations" xlink:label="hcp_AdjustedNetOperatingIncomeFromDiscontinuedOperations" xlink:title="AdjustedNetOperatingIncomeFromDiscontinuedOperations" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" xlink:to="hcp_AdjustedNetOperatingIncomeFromDiscontinuedOperations" xlink:title="Presentation : us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract to hcp_AdjustedNetOperatingIncomeFromDiscontinuedOperations" use="optional" order="16" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AdjustedNetOperatingIncomeFromContinuingOperations" xlink:label="hcp_AdjustedNetOperatingIncomeFromContinuingOperations" xlink:title="AdjustedNetOperatingIncomeFromContinuingOperations" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" xlink:to="hcp_AdjustedNetOperatingIncomeFromContinuingOperations" xlink:title="Presentation : us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract to hcp_AdjustedNetOperatingIncomeFromContinuingOperations" use="optional" order="17" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LossContingencyLossInPeriod" xlink:label="us-gaap_LossContingencyLossInPeriod" xlink:title="LossContingencyLossInPeriod" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" xlink:to="us-gaap_LossContingencyLossInPeriod" xlink:title="Presentation : us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract to us-gaap_LossContingencyLossInPeriod" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AssetImpairmentCharges" xlink:label="us-gaap_AssetImpairmentCharges" xlink:title="AssetImpairmentCharges" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract" xlink:to="us-gaap_AssetImpairmentCharges" xlink:title="Presentation : us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract to us-gaap_AssetImpairmentCharges" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPolicies">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="us-gaap_AccountingPoliciesAbstract" xlink:title="AccountingPoliciesAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xlink:label="us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xlink:title="BasisOfAccountingPolicyPolicyTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_BasisOfAccountingPolicyPolicyTextBlock" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy" xlink:label="us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy" xlink:title="LoansAndLeasesReceivableAllowanceForLoanLossesPolicy" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:title="NewAccountingPronouncementsPolicyPolicyTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_UseOfEstimates" xlink:label="us-gaap_UseOfEstimates" xlink:title="UseOfEstimates" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_UseOfEstimates" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_UseOfEstimates" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:label="us-gaap_ConsolidationPolicyTextBlock" xlink:title="ConsolidationPolicyTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_ConsolidationPolicyTextBlock" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_ConsolidationPolicyTextBlock" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RevenueRecognitionRealEstateTransactionsPolicy" xlink:label="us-gaap_RevenueRecognitionRealEstateTransactionsPolicy" xlink:title="RevenueRecognitionRealEstateTransactionsPolicy" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_RevenueRecognitionRealEstateTransactionsPolicy" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_RevenueRecognitionRealEstateTransactionsPolicy" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstatePolicyTextBlock" xlink:label="us-gaap_RealEstatePolicyTextBlock" xlink:title="RealEstatePolicyTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_RealEstatePolicyTextBlock" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_RealEstatePolicyTextBlock" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ImpairmentOrDisposalOfLongLivedAssetsIncludingIntangibleAssetsPolicyPolicyTextBlock" xlink:label="us-gaap_ImpairmentOrDisposalOfLongLivedAssetsIncludingIntangibleAssetsPolicyPolicyTextBlock" xlink:title="ImpairmentOrDisposalOfLongLivedAssetsIncludingIntangibleAssetsPolicyPolicyTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_ImpairmentOrDisposalOfLongLivedAssetsIncludingIntangibleAssetsPolicyPolicyTextBlock" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_ImpairmentOrDisposalOfLongLivedAssetsIncludingIntangibleAssetsPolicyPolicyTextBlock" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DiscontinuedOperationsPolicyTextBlock" xlink:label="us-gaap_DiscontinuedOperationsPolicyTextBlock" xlink:title="DiscontinuedOperationsPolicyTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_DiscontinuedOperationsPolicyTextBlock" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_DiscontinuedOperationsPolicyTextBlock" use="optional" order="8005" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityMethodInvestmentsPolicy" xlink:label="us-gaap_EquityMethodInvestmentsPolicy" xlink:title="EquityMethodInvestmentsPolicy" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_EquityMethodInvestmentsPolicy" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_EquityMethodInvestmentsPolicy" use="optional" order="8006" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CompensationRelatedCostsPolicyTextBlock" xlink:label="us-gaap_CompensationRelatedCostsPolicyTextBlock" xlink:title="CompensationRelatedCostsPolicyTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_CompensationRelatedCostsPolicyTextBlock" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_CompensationRelatedCostsPolicyTextBlock" use="optional" order="8007" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy" xlink:label="us-gaap_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy" xlink:title="CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy" use="optional" order="8008" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:label="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:title="CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" use="optional" order="8009" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativesPolicyTextBlock" xlink:label="us-gaap_DerivativesPolicyTextBlock" xlink:title="DerivativesPolicyTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_DerivativesPolicyTextBlock" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_DerivativesPolicyTextBlock" use="optional" order="8010" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeTaxPolicyTextBlock" xlink:label="us-gaap_IncomeTaxPolicyTextBlock" xlink:title="IncomeTaxPolicyTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_IncomeTaxPolicyTextBlock" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_IncomeTaxPolicyTextBlock" use="optional" order="8011" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MarketableSecuritiesPolicy" xlink:label="us-gaap_MarketableSecuritiesPolicy" xlink:title="MarketableSecuritiesPolicy" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_MarketableSecuritiesPolicy" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_MarketableSecuritiesPolicy" use="optional" order="8012" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CapitalRaisingIssuanceCostsPolicyTextBlock" xlink:label="hcp_CapitalRaisingIssuanceCostsPolicyTextBlock" xlink:title="CapitalRaisingIssuanceCostsPolicyTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="hcp_CapitalRaisingIssuanceCostsPolicyTextBlock" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to hcp_CapitalRaisingIssuanceCostsPolicyTextBlock" use="optional" order="8013" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentReportingPolicyPolicyTextBlock" xlink:label="us-gaap_SegmentReportingPolicyPolicyTextBlock" xlink:title="SegmentReportingPolicyPolicyTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_SegmentReportingPolicyPolicyTextBlock" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_SegmentReportingPolicyPolicyTextBlock" use="optional" order="8014" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NoncontrollingInterestsPolicyTextBlock" xlink:label="hcp_NoncontrollingInterestsPolicyTextBlock" xlink:title="NoncontrollingInterestsPolicyTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="hcp_NoncontrollingInterestsPolicyTextBlock" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to hcp_NoncontrollingInterestsPolicyTextBlock" use="optional" order="8015" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:label="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:title="ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" use="optional" order="8016" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StockholdersEquityNoteRedeemablePreferredStockIssuePolicy" xlink:label="us-gaap_StockholdersEquityNoteRedeemablePreferredStockIssuePolicy" xlink:title="StockholdersEquityNoteRedeemablePreferredStockIssuePolicy" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_StockholdersEquityNoteRedeemablePreferredStockIssuePolicy" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_StockholdersEquityNoteRedeemablePreferredStockIssuePolicy" use="optional" order="8017" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NonInterestBearingBondsPayableTextBlock" xlink:label="hcp_NonInterestBearingBondsPayableTextBlock" xlink:title="NonInterestBearingBondsPayableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="hcp_NonInterestBearingBondsPayableTextBlock" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to hcp_NonInterestBearingBondsPayableTextBlock" use="optional" order="8018" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:label="us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:title="FairValueOfFinancialInstrumentsPolicy" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_FairValueOfFinancialInstrumentsPolicy" use="optional" order="8019" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EarningsPerSharePolicyTextBlock" xlink:label="us-gaap_EarningsPerSharePolicyTextBlock" xlink:title="EarningsPerSharePolicyTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_EarningsPerSharePolicyTextBlock" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_EarningsPerSharePolicyTextBlock" use="optional" order="8020" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PriorPeriodReclassificationAdjustmentDescription" xlink:label="us-gaap_PriorPeriodReclassificationAdjustmentDescription" xlink:title="PriorPeriodReclassificationAdjustmentDescription" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_PriorPeriodReclassificationAdjustmentDescription" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_PriorPeriodReclassificationAdjustmentDescription" use="optional" order="8021" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AcquisitionCostsPolicyTextBlock" xlink:label="hcp_AcquisitionCostsPolicyTextBlock" xlink:title="AcquisitionCostsPolicyTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="hcp_AcquisitionCostsPolicyTextBlock" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to hcp_AcquisitionCostsPolicyTextBlock" use="optional" order="8022" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureSummaryOfSignificantAccountingPoliciesDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="us-gaap_AccountingPoliciesAbstract" xlink:title="AccountingPoliciesAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ResidencyAgreementTermMinimum" xlink:label="hcp_ResidencyAgreementTermMinimum" xlink:title="ResidencyAgreementTermMinimum" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="hcp_ResidencyAgreementTermMinimum" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to hcp_ResidencyAgreementTermMinimum" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ResidencyAgreementTermMaximum" xlink:label="hcp_ResidencyAgreementTermMaximum" xlink:title="ResidencyAgreementTermMaximum" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="hcp_ResidencyAgreementTermMaximum" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to hcp_ResidencyAgreementTermMaximum" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MaximumPeriodAvailableForOccupancyAfterCessationOfSignificantConstruction" xlink:label="hcp_MaximumPeriodAvailableForOccupancyAfterCessationOfSignificantConstruction" xlink:title="MaximumPeriodAvailableForOccupancyAfterCessationOfSignificantConstruction" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="hcp_MaximumPeriodAvailableForOccupancyAfterCessationOfSignificantConstruction" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to hcp_MaximumPeriodAvailableForOccupancyAfterCessationOfSignificantConstruction" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:title="PropertyPlantAndEquipmentUsefulLife" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_PropertyPlantAndEquipmentUsefulLife" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RealEstateInvestmentTrustFailureToQualifyIneligibilityPeriod" xlink:label="hcp_RealEstateInvestmentTrustFailureToQualifyIneligibilityPeriod" xlink:title="RealEstateInvestmentTrustFailureToQualifyIneligibilityPeriod" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="hcp_RealEstateInvestmentTrustFailureToQualifyIneligibilityPeriod" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to hcp_RealEstateInvestmentTrustFailureToQualifyIneligibilityPeriod" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NumberOfReportableSegments" xlink:label="us-gaap_NumberOfReportableSegments" xlink:title="NumberOfReportableSegments" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_NumberOfReportableSegments" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_NumberOfReportableSegments" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ImpairmentOfGoodwillThresholdPercentageMinimum" xlink:label="hcp_ImpairmentOfGoodwillThresholdPercentageMinimum" xlink:title="ImpairmentOfGoodwillThresholdPercentageMinimum" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="hcp_ImpairmentOfGoodwillThresholdPercentageMinimum" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to hcp_ImpairmentOfGoodwillThresholdPercentageMinimum" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LimitedLiabilityCompaniesNumber" xlink:label="hcp_LimitedLiabilityCompaniesNumber" xlink:title="LimitedLiabilityCompaniesNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="hcp_LimitedLiabilityCompaniesNumber" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to hcp_LimitedLiabilityCompaniesNumber" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NonmanagingMemberUnitsMarketValue" xlink:label="hcp_NonmanagingMemberUnitsMarketValue" xlink:title="NonmanagingMemberUnitsMarketValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="hcp_NonmanagingMemberUnitsMarketValue" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to hcp_NonmanagingMemberUnitsMarketValue" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NonmanagingMemberUnitsCarryingValue" xlink:label="hcp_NonmanagingMemberUnitsCarryingValue" xlink:title="NonmanagingMemberUnitsCarryingValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="hcp_NonmanagingMemberUnitsCarryingValue" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to hcp_NonmanagingMemberUnitsCarryingValue" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MinimumLimitedLifeOfJointVentures" xlink:label="hcp_MinimumLimitedLifeOfJointVentures" xlink:title="MinimumLimitedLifeOfJointVentures" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="hcp_MinimumLimitedLifeOfJointVentures" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to hcp_MinimumLimitedLifeOfJointVentures" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ContinuingCareRetirementCommunitiesIssuingLifeCareBondsNumber" xlink:label="hcp_ContinuingCareRetirementCommunitiesIssuingLifeCareBondsNumber" xlink:title="ContinuingCareRetirementCommunitiesIssuingLifeCareBondsNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="hcp_ContinuingCareRetirementCommunitiesIssuingLifeCareBondsNumber" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to hcp_ContinuingCareRetirementCommunitiesIssuingLifeCareBondsNumber" use="optional" order="8005" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_InvestmentsClassifiedAsCashEquivalentsMaximumMaturityPeriod" xlink:label="hcp_InvestmentsClassifiedAsCashEquivalentsMaximumMaturityPeriod" xlink:title="InvestmentsClassifiedAsCashEquivalentsMaximumMaturityPeriod" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="hcp_InvestmentsClassifiedAsCashEquivalentsMaximumMaturityPeriod" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to hcp_InvestmentsClassifiedAsCashEquivalentsMaximumMaturityPeriod" use="optional" order="8006" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MinimumPeriodOfVacancyForOccupancyFeeDepositRefund" xlink:label="hcp_MinimumPeriodOfVacancyForOccupancyFeeDepositRefund" xlink:title="MinimumPeriodOfVacancyForOccupancyFeeDepositRefund" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="hcp_MinimumPeriodOfVacancyForOccupancyFeeDepositRefund" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to hcp_MinimumPeriodOfVacancyForOccupancyFeeDepositRefund" use="optional" order="8007" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LocationsIssuingLifeCareBondsOrCollectingDepositsNumber" xlink:label="hcp_LocationsIssuingLifeCareBondsOrCollectingDepositsNumber" xlink:title="LocationsIssuingLifeCareBondsOrCollectingDepositsNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="hcp_LocationsIssuingLifeCareBondsOrCollectingDepositsNumber" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to hcp_LocationsIssuingLifeCareBondsOrCollectingDepositsNumber" use="optional" order="8008" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureRealEstatePropertyInvestmentsTables">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:title="ScheduleOfBusinessAcquisitionsByAcquisitionTable" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="us-gaap_BusinessAcquisitionAxis" xlink:title="BusinessAcquisitionAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_BusinessAcquisitionAxis" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_BusinessAcquisitionAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAbstract" xlink:label="us-gaap_RealEstateAbstract" xlink:title="RealEstateAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" xlink:label="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" xlink:title="ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAbstract" xlink:to="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" xlink:title="Presentation : us-gaap_RealEstateAbstract to us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis" xlink:title="StatementBusinessSegmentsAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_StatementBusinessSegmentsAxis" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_StatementBusinessSegmentsAxis" use="optional" order="2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:title="BusinessAcquisitionAcquireeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAxis" xlink:to="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:title="Presentation : us-gaap_BusinessAcquisitionAxis to us-gaap_BusinessAcquisitionAcquireeDomain" use="optional" order="8000" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BlackstoneJVMember" xlink:label="hcp_BlackstoneJVMember" xlink:title="BlackstoneJVMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:to="hcp_BlackstoneJVMember" xlink:title="Presentation : us-gaap_BusinessAcquisitionAcquireeDomain to hcp_BlackstoneJVMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="us-gaap_BusinessAcquisitionLineItems" xlink:title="BusinessAcquisitionLineItems" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_BusinessAcquisitionLineItems" xlink:title="Presentation : us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable to us-gaap_BusinessAcquisitionLineItems" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessAcquisitionProFormaInformationTextBlock" xlink:label="us-gaap_BusinessAcquisitionProFormaInformationTextBlock" xlink:title="BusinessAcquisitionProFormaInformationTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_BusinessAcquisitionProFormaInformationTextBlock" xlink:title="Presentation : us-gaap_BusinessAcquisitionLineItems to us-gaap_BusinessAcquisitionProFormaInformationTextBlock" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentDomain" xlink:label="us-gaap_SegmentDomain" xlink:title="SegmentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_SegmentDomain" xlink:title="Presentation : us-gaap_StatementBusinessSegmentsAxis to us-gaap_SegmentDomain" use="optional" order="8000" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeniorHousingMember" xlink:label="hcp_SeniorHousingMember" xlink:title="SeniorHousingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_SeniorHousingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_SeniorHousingMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAbstract" xlink:to="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:title="Presentation : us-gaap_RealEstateAbstract to us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" use="optional" order="8000" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureDispositionsOfRealEstateAndDiscontinuedOperationsTables">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:label="us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:title="DiscontinuedOperationsAndDisposalGroupsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:label="us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:title="ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:to="us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:title="Presentation : us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract to us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureNetInvestmentInDirectFinancingLeasesTables">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentAxis" xlink:label="invest_InvestmentAxis" xlink:title="InvestmentAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="invest_InvestmentDomain" xlink:title="InvestmentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="invest_InvestmentAxis" xlink:to="invest_InvestmentDomain" xlink:title="Presentation : invest_InvestmentAxis to invest_InvestmentDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DFLPortfolioMember" xlink:label="hcp_DFLPortfolioMember" xlink:title="DFLPortfolioMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="invest_InvestmentDomain" xlink:to="hcp_DFLPortfolioMember" xlink:title="Presentation : invest_InvestmentDomain to hcp_DFLPortfolioMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LeasesCapitalAbstract" xlink:label="us-gaap_LeasesCapitalAbstract" xlink:title="LeasesCapitalAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:title="ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LeasesCapitalAbstract" xlink:to="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:title="Presentation : us-gaap_LeasesCapitalAbstract to us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:title="AccountsNotesAndLoansReceivableLineItems" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ScheduleOfNetInvestmentInDirectFinancingAndSalesTypeLeasesTableTextBlock" xlink:label="hcp_ScheduleOfNetInvestmentInDirectFinancingAndSalesTypeLeasesTableTextBlock" xlink:title="ScheduleOfNetInvestmentInDirectFinancingAndSalesTypeLeasesTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="hcp_ScheduleOfNetInvestmentInDirectFinancingAndSalesTypeLeasesTableTextBlock" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to hcp_ScheduleOfNetInvestmentInDirectFinancingAndSalesTypeLeasesTableTextBlock" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:to="invest_InvestmentAxis" xlink:title="Presentation : us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable to invest_InvestmentAxis" use="optional" order="1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:to="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:title="Presentation : us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable to us-gaap_AccountsNotesAndLoansReceivableLineItems" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock" xlink:label="us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock" xlink:title="FinancingReceivableCreditQualityIndicatorsTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfFinancingReceivablesMinimumPaymentsTableTextBlock" xlink:label="us-gaap_ScheduleOfFinancingReceivablesMinimumPaymentsTableTextBlock" xlink:title="ScheduleOfFinancingReceivablesMinimumPaymentsTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="us-gaap_ScheduleOfFinancingReceivablesMinimumPaymentsTableTextBlock" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to us-gaap_ScheduleOfFinancingReceivablesMinimumPaymentsTableTextBlock" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureLoansReceivableTables">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:title="AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="us-gaap_ReceivableTypeDomain" xlink:title="ReceivableTypeDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:to="us-gaap_ReceivableTypeDomain" xlink:title="Presentation : us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis to us-gaap_ReceivableTypeDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LoansAndFinanceReceivablesMember" xlink:label="us-gaap_LoansAndFinanceReceivablesMember" xlink:title="LoansAndFinanceReceivablesMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReceivableTypeDomain" xlink:to="us-gaap_LoansAndFinanceReceivablesMember" xlink:title="Presentation : us-gaap_ReceivableTypeDomain to us-gaap_LoansAndFinanceReceivablesMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:title="ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:to="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:title="Presentation : us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable to us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:title="AccountsNotesAndLoansReceivableLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock" xlink:title="ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ReceivablesAbstract" xlink:label="us-gaap_ReceivablesAbstract" xlink:title="ReceivablesAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReceivablesAbstract" xlink:to="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:title="Presentation : us-gaap_ReceivablesAbstract to us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" use="optional" order="1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:to="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:title="Presentation : us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable to us-gaap_AccountsNotesAndLoansReceivableLineItems" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock" xlink:label="us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock" xlink:title="FinancingReceivableCreditQualityIndicatorsTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" xlink:label="us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" xlink:title="AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfCreditLossesRelatedToFinancingReceivablesCurrentAndNoncurrentTableTextBlock" xlink:label="us-gaap_ScheduleOfCreditLossesRelatedToFinancingReceivablesCurrentAndNoncurrentTableTextBlock" xlink:title="ScheduleOfCreditLossesRelatedToFinancingReceivablesCurrentAndNoncurrentTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="us-gaap_ScheduleOfCreditLossesRelatedToFinancingReceivablesCurrentAndNoncurrentTableTextBlock" xlink:title="Presentation : us-gaap_AccountsNotesAndLoansReceivableLineItems to us-gaap_ScheduleOfCreditLossesRelatedToFinancingReceivablesCurrentAndNoncurrentTableTextBlock" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureIntangiblesTables">
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_IntangiblesDisclosureAbstract" xlink:label="hcp_IntangiblesDisclosureAbstract" xlink:title="IntangiblesDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock" xlink:title="ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IntangiblesDisclosureAbstract" xlink:to="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock" xlink:title="Presentation : hcp_IntangiblesDisclosureAbstract to us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ScheduleOfFiniteLivedIntangibleLiabilitiesByMajorClassTableTextBlock" xlink:label="hcp_ScheduleOfFiniteLivedIntangibleLiabilitiesByMajorClassTableTextBlock" xlink:title="ScheduleOfFiniteLivedIntangibleLiabilitiesByMajorClassTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IntangiblesDisclosureAbstract" xlink:to="hcp_ScheduleOfFiniteLivedIntangibleLiabilitiesByMajorClassTableTextBlock" xlink:title="Presentation : hcp_IntangiblesDisclosureAbstract to hcp_ScheduleOfFiniteLivedIntangibleLiabilitiesByMajorClassTableTextBlock" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ScheduleOfExpectedAmortizationOfIntangibleAssetsAndIntangibleLiabilitiesTableTextBlock" xlink:label="hcp_ScheduleOfExpectedAmortizationOfIntangibleAssetsAndIntangibleLiabilitiesTableTextBlock" xlink:title="ScheduleOfExpectedAmortizationOfIntangibleAssetsAndIntangibleLiabilitiesTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IntangiblesDisclosureAbstract" xlink:to="hcp_ScheduleOfExpectedAmortizationOfIntangibleAssetsAndIntangibleLiabilitiesTableTextBlock" xlink:title="Presentation : hcp_IntangiblesDisclosureAbstract to hcp_ScheduleOfExpectedAmortizationOfIntangibleAssetsAndIntangibleLiabilitiesTableTextBlock" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureOtherAssetsTables">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherAssetsAbstract" xlink:label="us-gaap_OtherAssetsAbstract" xlink:title="OtherAssetsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfOtherAssetsTableTextBlock" xlink:label="us-gaap_ScheduleOfOtherAssetsTableTextBlock" xlink:title="ScheduleOfOtherAssetsTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherAssetsAbstract" xlink:to="us-gaap_ScheduleOfOtherAssetsTableTextBlock" xlink:title="Presentation : us-gaap_OtherAssetsAbstract to us-gaap_ScheduleOfOtherAssetsTableTextBlock" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureCommitmentsAndContingenciesDetails4">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:title="CommitmentsAndContingenciesDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableAbstract" xlink:label="hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableAbstract" xlink:title="LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableAbstract" xlink:title="Presentation : us-gaap_CommitmentsAndContingenciesDisclosureAbstract to hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableAbstract" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableCurrent" xlink:label="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableCurrent" xlink:title="LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableCurrent" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableAbstract" xlink:to="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableCurrent" xlink:title="Presentation : hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableAbstract to hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableCurrent" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableNumberOfPropertiesAbstract" xlink:label="hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableNumberOfPropertiesAbstract" xlink:title="LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableNumberOfPropertiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesCurrent" xlink:label="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesCurrent" xlink:title="LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesCurrent" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableNumberOfPropertiesAbstract" xlink:to="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesCurrent" xlink:title="Presentation : hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableNumberOfPropertiesAbstract to hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesCurrent" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LeasesOperatingAbstract" xlink:label="us-gaap_LeasesOperatingAbstract" xlink:title="LeasesOperatingAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingLeasesRentExpenseNet" xlink:label="us-gaap_OperatingLeasesRentExpenseNet" xlink:title="OperatingLeasesRentExpenseNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LeasesOperatingAbstract" xlink:to="us-gaap_OperatingLeasesRentExpenseNet" xlink:title="Presentation : us-gaap_LeasesOperatingAbstract to us-gaap_OperatingLeasesRentExpenseNet" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract" xlink:title="OperatingLeasesFutureMinimumPaymentsDueAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:title="OperatingLeasesFutureMinimumPaymentsDueCurrent" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:title="Presentation : us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract to us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInTwoYears" xlink:label="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInTwoYears" xlink:title="LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInTwoYears" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableAbstract" xlink:to="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInTwoYears" xlink:title="Presentation : hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableAbstract to hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInTwoYears" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableNumberOfPropertiesAbstract" xlink:title="Presentation : us-gaap_CommitmentsAndContingenciesDisclosureAbstract to hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableNumberOfPropertiesAbstract" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesInTwoYears" xlink:label="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesInTwoYears" xlink:title="LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesInTwoYears" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableNumberOfPropertiesAbstract" xlink:to="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesInTwoYears" xlink:title="Presentation : hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableNumberOfPropertiesAbstract to hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesInTwoYears" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_OperatingLeasesRemainingContractualTerm" xlink:label="hcp_OperatingLeasesRemainingContractualTerm" xlink:title="OperatingLeasesRemainingContractualTerm" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LeasesOperatingAbstract" xlink:to="hcp_OperatingLeasesRemainingContractualTerm" xlink:title="Presentation : us-gaap_LeasesOperatingAbstract to hcp_OperatingLeasesRemainingContractualTerm" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:title="OperatingLeasesFutureMinimumPaymentsDueInTwoYears" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:title="Presentation : us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract to us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInThreeYears" xlink:label="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInThreeYears" xlink:title="LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInThreeYears" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableAbstract" xlink:to="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInThreeYears" xlink:title="Presentation : hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableAbstract to hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInThreeYears" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesInThreeYears" xlink:label="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesInThreeYears" xlink:title="LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesInThreeYears" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableNumberOfPropertiesAbstract" xlink:to="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesInThreeYears" xlink:title="Presentation : hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableNumberOfPropertiesAbstract to hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesInThreeYears" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="us-gaap_LeasesOperatingAbstract" xlink:title="Presentation : us-gaap_CommitmentsAndContingenciesDisclosureAbstract to us-gaap_LeasesOperatingAbstract" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:title="OperatingLeasesFutureMinimumPaymentsDueInThreeYears" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:title="Presentation : us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract to us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInFourYears" xlink:label="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInFourYears" xlink:title="LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInFourYears" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableAbstract" xlink:to="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInFourYears" xlink:title="Presentation : hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableAbstract to hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInFourYears" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesInFourYears" xlink:label="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesInFourYears" xlink:title="LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesInFourYears" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableNumberOfPropertiesAbstract" xlink:to="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesInFourYears" xlink:title="Presentation : hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableNumberOfPropertiesAbstract to hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesInFourYears" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract" xlink:title="Presentation : us-gaap_CommitmentsAndContingenciesDisclosureAbstract to us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:title="OperatingLeasesFutureMinimumPaymentsDueInFourYears" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:title="Presentation : us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract to us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInFiveYears" xlink:label="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInFiveYears" xlink:title="LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInFiveYears" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableAbstract" xlink:to="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInFiveYears" xlink:title="Presentation : hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableAbstract to hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInFiveYears" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesInFiveYears" xlink:label="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesInFiveYears" xlink:title="LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesInFiveYears" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableNumberOfPropertiesAbstract" xlink:to="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesInFiveYears" xlink:title="Presentation : hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableNumberOfPropertiesAbstract to hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesInFiveYears" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:title="OperatingLeasesFutureMinimumPaymentsDueInFiveYears" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:title="Presentation : us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract to us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableThereafter" xlink:label="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableThereafter" xlink:title="LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableThereafter" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableAbstract" xlink:to="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableThereafter" xlink:title="Presentation : hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableAbstract to hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableThereafter" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesThereafter" xlink:label="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesThereafter" xlink:title="LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesThereafter" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableNumberOfPropertiesAbstract" xlink:to="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesThereafter" xlink:title="Presentation : hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableNumberOfPropertiesAbstract to hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfPropertiesThereafter" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:title="OperatingLeasesFutureMinimumPaymentsDueThereafter" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:title="Presentation : us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract to us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivable" xlink:label="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivable" xlink:title="LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableAbstract" xlink:to="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivable" xlink:title="Presentation : hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableAbstract to hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivable" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfProperties" xlink:label="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfProperties" xlink:title="LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfProperties" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableNumberOfPropertiesAbstract" xlink:to="hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfProperties" xlink:title="Presentation : hcp_LeasesWithPurchaseOptionFutureAnnualizedMinimumPaymentsReceivableNumberOfPropertiesAbstract to hcp_LeasesWithPurchaseOptionFutureMinimumAnnualizedPaymentsReceivableNumberOfProperties" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:title="OperatingLeasesFutureMinimumPaymentsDue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:title="Presentation : us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract to us-gaap_OperatingLeasesFutureMinimumPaymentsDue" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureCommitmentsAndContingenciesDetails5">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CounterpartyNameAxis" xlink:label="us-gaap_CounterpartyNameAxis" xlink:title="CounterpartyNameAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:label="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:title="RepurchaseAgreementCounterpartyNameDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CounterpartyNameAxis" xlink:to="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:title="Presentation : us-gaap_CounterpartyNameAxis to us-gaap_RepurchaseAgreementCounterpartyNameDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SunriseMember" xlink:label="hcp_SunriseMember" xlink:title="SunriseMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:to="hcp_SunriseMember" xlink:title="Presentation : us-gaap_RepurchaseAgreementCounterpartyNameDomain to hcp_SunriseMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:title="CommitmentsAndContingenciesDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LossContingenciesTable" xlink:label="us-gaap_LossContingenciesTable" xlink:title="LossContingenciesTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="us-gaap_LossContingenciesTable" xlink:title="Presentation : us-gaap_CommitmentsAndContingenciesDisclosureAbstract to us-gaap_LossContingenciesTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ConsolidationItemsAxis" xlink:label="us-gaap_ConsolidationItemsAxis" xlink:title="ConsolidationItemsAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesTable" xlink:to="us-gaap_ConsolidationItemsAxis" xlink:title="Presentation : us-gaap_LossContingenciesTable to us-gaap_ConsolidationItemsAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis" xlink:title="StatementBusinessSegmentsAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesTable" xlink:to="us-gaap_StatementBusinessSegmentsAxis" xlink:title="Presentation : us-gaap_LossContingenciesTable to us-gaap_StatementBusinessSegmentsAxis" use="optional" order="2" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesTable" xlink:to="us-gaap_CounterpartyNameAxis" xlink:title="Presentation : us-gaap_LossContingenciesTable to us-gaap_CounterpartyNameAxis" use="optional" order="3" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LossContingenciesLineItems" xlink:label="us-gaap_LossContingenciesLineItems" xlink:title="LossContingenciesLineItems" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesTable" xlink:to="us-gaap_LossContingenciesLineItems" xlink:title="Presentation : us-gaap_LossContingenciesTable to us-gaap_LossContingenciesLineItems" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_BrookdaleMember" xlink:label="hcp_BrookdaleMember" xlink:title="BrookdaleMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:to="hcp_BrookdaleMember" xlink:title="Presentation : us-gaap_RepurchaseAgreementCounterpartyNameDomain to hcp_BrookdaleMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentDomain" xlink:label="us-gaap_SegmentDomain" xlink:title="SegmentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_SegmentDomain" xlink:title="Presentation : us-gaap_StatementBusinessSegmentsAxis to us-gaap_SegmentDomain" use="optional" order="8000" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeniorHousingMember" xlink:label="hcp_SeniorHousingMember" xlink:title="SeniorHousingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_SeniorHousingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_SeniorHousingMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ConsolidationItemsDomain" xlink:label="us-gaap_ConsolidationItemsDomain" xlink:title="ConsolidationItemsDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConsolidationItemsAxis" xlink:to="us-gaap_ConsolidationItemsDomain" xlink:title="Presentation : us-gaap_ConsolidationItemsAxis to us-gaap_ConsolidationItemsDomain" use="optional" order="8000" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingSegmentsMember" xlink:label="us-gaap_OperatingSegmentsMember" xlink:title="OperatingSegmentsMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConsolidationItemsDomain" xlink:to="us-gaap_OperatingSegmentsMember" xlink:title="Presentation : us-gaap_ConsolidationItemsDomain to us-gaap_OperatingSegmentsMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfPropertiesRightToTerminateManagementContracts" xlink:label="hcp_NumberOfPropertiesRightToTerminateManagementContracts" xlink:title="NumberOfPropertiesRightToTerminateManagementContracts" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesLineItems" xlink:to="hcp_NumberOfPropertiesRightToTerminateManagementContracts" xlink:title="Presentation : us-gaap_LossContingenciesLineItems to hcp_NumberOfPropertiesRightToTerminateManagementContracts" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RemainingCommunitiesLeasedAfterTerminationOfRightsNumber" xlink:label="hcp_RemainingCommunitiesLeasedAfterTerminationOfRightsNumber" xlink:title="RemainingCommunitiesLeasedAfterTerminationOfRightsNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesLineItems" xlink:to="hcp_RemainingCommunitiesLeasedAfterTerminationOfRightsNumber" xlink:title="Presentation : us-gaap_LossContingenciesLineItems to hcp_RemainingCommunitiesLeasedAfterTerminationOfRightsNumber" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AmountPayableTerminationOfManagementContracts" xlink:label="hcp_AmountPayableTerminationOfManagementContracts" xlink:title="AmountPayableTerminationOfManagementContracts" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesLineItems" xlink:to="hcp_AmountPayableTerminationOfManagementContracts" xlink:title="Presentation : us-gaap_LossContingenciesLineItems to hcp_AmountPayableTerminationOfManagementContracts" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_WorkingCapitalReceivedTerminationOfManagementContracts" xlink:label="hcp_WorkingCapitalReceivedTerminationOfManagementContracts" xlink:title="WorkingCapitalReceivedTerminationOfManagementContracts" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesLineItems" xlink:to="hcp_WorkingCapitalReceivedTerminationOfManagementContracts" xlink:title="Presentation : us-gaap_LossContingenciesLineItems to hcp_WorkingCapitalReceivedTerminationOfManagementContracts" use="optional" order="8003" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_CapitalizedInitialDirectLeasingCost" xlink:label="hcp_CapitalizedInitialDirectLeasingCost" xlink:title="CapitalizedInitialDirectLeasingCost" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesLineItems" xlink:to="hcp_CapitalizedInitialDirectLeasingCost" xlink:title="Presentation : us-gaap_LossContingenciesLineItems to hcp_CapitalizedInitialDirectLeasingCost" use="optional" order="8004" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_TripleNetMasterLeasesWithOperatorNumber" xlink:label="hcp_TripleNetMasterLeasesWithOperatorNumber" xlink:title="TripleNetMasterLeasesWithOperatorNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesLineItems" xlink:to="hcp_TripleNetMasterLeasesWithOperatorNumber" xlink:title="Presentation : us-gaap_LossContingenciesLineItems to hcp_TripleNetMasterLeasesWithOperatorNumber" use="optional" order="8005" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfNewlyLeasedProperties" xlink:label="hcp_NumberOfNewlyLeasedProperties" xlink:title="NumberOfNewlyLeasedProperties" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesLineItems" xlink:to="hcp_NumberOfNewlyLeasedProperties" xlink:title="Presentation : us-gaap_LossContingenciesLineItems to hcp_NumberOfNewlyLeasedProperties" use="optional" order="8006" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_FixedLeaseTermInNewlyLeasedProperties" xlink:label="hcp_FixedLeaseTermInNewlyLeasedProperties" xlink:title="FixedLeaseTermInNewlyLeasedProperties" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesLineItems" xlink:to="hcp_FixedLeaseTermInNewlyLeasedProperties" xlink:title="Presentation : us-gaap_LossContingenciesLineItems to hcp_FixedLeaseTermInNewlyLeasedProperties" use="optional" order="8007" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PaymentToTerminateLeases" xlink:label="hcp_PaymentToTerminateLeases" xlink:title="PaymentToTerminateLeases" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LossContingenciesLineItems" xlink:to="hcp_PaymentToTerminateLeases" xlink:title="Presentation : us-gaap_LossContingenciesLineItems to hcp_PaymentToTerminateLeases" use="optional" order="8008" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureFutureMinimumRentsTables">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LeasesOperatingAbstract" xlink:label="us-gaap_LeasesOperatingAbstract" xlink:title="LeasesOperatingAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock" xlink:label="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock" xlink:title="ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LeasesOperatingAbstract" xlink:to="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock" xlink:title="Presentation : us-gaap_LeasesOperatingAbstract to us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureSegmentDisclosuresTables">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentReportingAbstract" xlink:label="us-gaap_SegmentReportingAbstract" xlink:title="SegmentReportingAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:title="ScheduleOfSegmentReportingInformationBySegmentTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingAbstract" xlink:to="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:title="Presentation : us-gaap_SegmentReportingAbstract to us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ReconciliationOfNetIncomeToNetOperatingIncomeAndAdjustedNetOperatingIncomeTableTextBlock" xlink:label="hcp_ReconciliationOfNetIncomeToNetOperatingIncomeAndAdjustedNetOperatingIncomeTableTextBlock" xlink:title="ReconciliationOfNetIncomeToNetOperatingIncomeAndAdjustedNetOperatingIncomeTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingAbstract" xlink:to="hcp_ReconciliationOfNetIncomeToNetOperatingIncomeAndAdjustedNetOperatingIncomeTableTextBlock" xlink:title="Presentation : us-gaap_SegmentReportingAbstract to hcp_ReconciliationOfNetIncomeToNetOperatingIncomeAndAdjustedNetOperatingIncomeTableTextBlock" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock" xlink:label="us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock" xlink:title="ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingAbstract" xlink:to="us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock" xlink:title="Presentation : us-gaap_SegmentReportingAbstract to us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureSegmentDisclosuresDetails3">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis" xlink:title="StatementBusinessSegmentsAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentDomain" xlink:label="us-gaap_SegmentDomain" xlink:title="SegmentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_SegmentDomain" xlink:title="Presentation : us-gaap_StatementBusinessSegmentsAxis to us-gaap_SegmentDomain" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeniorHousingMember" xlink:label="hcp_SeniorHousingMember" xlink:title="SeniorHousingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_SeniorHousingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_SeniorHousingMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ConsolidationItemsAxis" xlink:label="us-gaap_ConsolidationItemsAxis" xlink:title="ConsolidationItemsAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ConsolidationItemsDomain" xlink:label="us-gaap_ConsolidationItemsDomain" xlink:title="ConsolidationItemsDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConsolidationItemsAxis" xlink:to="us-gaap_ConsolidationItemsDomain" xlink:title="Presentation : us-gaap_ConsolidationItemsAxis to us-gaap_ConsolidationItemsDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingSegmentsMember" xlink:label="us-gaap_OperatingSegmentsMember" xlink:title="OperatingSegmentsMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConsolidationItemsDomain" xlink:to="us-gaap_OperatingSegmentsMember" xlink:title="Presentation : us-gaap_ConsolidationItemsDomain to us-gaap_OperatingSegmentsMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentReportingAbstract" xlink:label="us-gaap_SegmentReportingAbstract" xlink:title="SegmentReportingAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTable" xlink:label="us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTable" xlink:title="ReconciliationOfAssetsFromSegmentToConsolidatedTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingAbstract" xlink:to="us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTable" xlink:title="Presentation : us-gaap_SegmentReportingAbstract to us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTable" use="optional" order="1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTable" xlink:to="us-gaap_ConsolidationItemsAxis" xlink:title="Presentation : us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTable to us-gaap_ConsolidationItemsAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentReportingAssetReconcilingItemLineItems" xlink:label="us-gaap_SegmentReportingAssetReconcilingItemLineItems" xlink:title="SegmentReportingAssetReconcilingItemLineItems" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AssetsBeforeAccumulatedDepreciationAndAmortization" xlink:label="hcp_AssetsBeforeAccumulatedDepreciationAndAmortization" xlink:title="AssetsBeforeAccumulatedDepreciationAndAmortization" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingAssetReconcilingItemLineItems" xlink:to="hcp_AssetsBeforeAccumulatedDepreciationAndAmortization" xlink:title="Presentation : us-gaap_SegmentReportingAssetReconcilingItemLineItems to hcp_AssetsBeforeAccumulatedDepreciationAndAmortization" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_PostAcuteAndSkilledNursingMember" xlink:label="hcp_PostAcuteAndSkilledNursingMember" xlink:title="PostAcuteAndSkilledNursingMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_PostAcuteAndSkilledNursingMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_PostAcuteAndSkilledNursingMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MaterialReconcilingItemsMember" xlink:label="us-gaap_MaterialReconcilingItemsMember" xlink:title="MaterialReconcilingItemsMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ConsolidationItemsDomain" xlink:to="us-gaap_MaterialReconcilingItemsMember" xlink:title="Presentation : us-gaap_ConsolidationItemsDomain to us-gaap_MaterialReconcilingItemsMember" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTable" xlink:to="us-gaap_StatementBusinessSegmentsAxis" xlink:title="Presentation : us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTable to us-gaap_StatementBusinessSegmentsAxis" use="optional" order="2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:title="AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingAssetReconcilingItemLineItems" xlink:to="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:title="Presentation : us-gaap_SegmentReportingAssetReconcilingItemLineItems to us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" use="optional" order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AssetsHeldForSaleAtCarryingValue" xlink:label="us-gaap_AssetsHeldForSaleAtCarryingValue" xlink:title="AssetsHeldForSaleAtCarryingValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingAssetReconcilingItemLineItems" xlink:to="us-gaap_AssetsHeldForSaleAtCarryingValue" xlink:title="Presentation : us-gaap_SegmentReportingAssetReconcilingItemLineItems to us-gaap_AssetsHeldForSaleAtCarryingValue" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_LifescienceMember" xlink:label="hcp_LifescienceMember" xlink:title="LifescienceMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_LifescienceMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_LifescienceMember" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTable" xlink:to="us-gaap_SegmentReportingAssetReconcilingItemLineItems" xlink:title="Presentation : us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTable to us-gaap_SegmentReportingAssetReconcilingItemLineItems" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets" xlink:title="Assets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingAssetReconcilingItemLineItems" xlink:to="us-gaap_Assets" xlink:title="Presentation : us-gaap_SegmentReportingAssetReconcilingItemLineItems to us-gaap_Assets" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_MedicalOfficeMember" xlink:label="hcp_MedicalOfficeMember" xlink:title="MedicalOfficeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_MedicalOfficeMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_MedicalOfficeMember" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HospitalMember" xlink:label="hcp_HospitalMember" xlink:title="HospitalMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentDomain" xlink:to="hcp_HospitalMember" xlink:title="Presentation : us-gaap_SegmentDomain to hcp_HospitalMember" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_Goodwill" xlink:label="us-gaap_Goodwill" xlink:title="Goodwill" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingAssetReconcilingItemLineItems" xlink:to="us-gaap_Goodwill" xlink:title="Presentation : us-gaap_SegmentReportingAssetReconcilingItemLineItems to us-gaap_Goodwill" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_GoodwillImpairmentLoss" xlink:label="us-gaap_GoodwillImpairmentLoss" xlink:title="GoodwillImpairmentLoss" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingAssetReconcilingItemLineItems" xlink:to="us-gaap_GoodwillImpairmentLoss" xlink:title="Presentation : us-gaap_SegmentReportingAssetReconcilingItemLineItems to us-gaap_GoodwillImpairmentLoss" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/positiveLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureDerivativeFinancialInstrumentsTables">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:title="DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsTextBlock" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsTextBlock" xlink:title="ScheduleOfDerivativeInstrumentsTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:to="us-gaap_ScheduleOfDerivativeInstrumentsTextBlock" xlink:title="Presentation : us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract to us-gaap_ScheduleOfDerivativeInstrumentsTextBlock" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ScheduleOfEffectOfChangeInInterestRateOnFairValueOfInterestRateSwapsTableTextBlock" xlink:label="hcp_ScheduleOfEffectOfChangeInInterestRateOnFairValueOfInterestRateSwapsTableTextBlock" xlink:title="ScheduleOfEffectOfChangeInInterestRateOnFairValueOfInterestRateSwapsTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:to="hcp_ScheduleOfEffectOfChangeInInterestRateOnFairValueOfInterestRateSwapsTableTextBlock" xlink:title="Presentation : us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract to hcp_ScheduleOfEffectOfChangeInInterestRateOnFairValueOfInterestRateSwapsTableTextBlock" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureSupplementalCashFlowInformationTables">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SupplementalCashFlowElementsAbstract" xlink:label="us-gaap_SupplementalCashFlowElementsAbstract" xlink:title="SupplementalCashFlowElementsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock" xlink:label="us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock" xlink:title="ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SupplementalCashFlowElementsAbstract" xlink:to="us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock" xlink:title="Presentation : us-gaap_SupplementalCashFlowElementsAbstract to us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureBusinessDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:title="OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NumberOfOperatingSegments" xlink:label="us-gaap_NumberOfOperatingSegments" xlink:title="NumberOfOperatingSegments" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:to="us-gaap_NumberOfOperatingSegments" xlink:title="Presentation : us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract to us-gaap_NumberOfOperatingSegments" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ProductsWithinReportingSegmentNumber" xlink:label="hcp_ProductsWithinReportingSegmentNumber" xlink:title="ProductsWithinReportingSegmentNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:to="hcp_ProductsWithinReportingSegmentNumber" xlink:title="Presentation : us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract to hcp_ProductsWithinReportingSegmentNumber" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureEarningsPerCommonShareTables">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="us-gaap_EarningsPerShareAbstract" xlink:title="EarningsPerShareAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:title="ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EarningsPerShareAbstract" xlink:to="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:title="Presentation : us-gaap_EarningsPerShareAbstract to us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureFairValueMeasurementsTables">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="us-gaap_FairValueDisclosuresAbstract" xlink:title="FairValueDisclosuresAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:label="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:title="ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueDisclosuresAbstract" xlink:to="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:title="Presentation : us-gaap_FairValueDisclosuresAbstract to us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureDisclosuresAboutFairValueOfFinancialInstrumentsTables">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FinancialInstrumentsOwnedAtFairValueAbstract" xlink:label="us-gaap_FinancialInstrumentsOwnedAtFairValueAbstract" xlink:title="FinancialInstrumentsOwnedAtFairValueAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:label="us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:title="FairValueByBalanceSheetGroupingTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FinancialInstrumentsOwnedAtFairValueAbstract" xlink:to="us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:title="Presentation : us-gaap_FinancialInstrumentsOwnedAtFairValueAbstract to us-gaap_FairValueByBalanceSheetGroupingTextBlock" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureIncomeTaxesTables">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="us-gaap_IncomeTaxDisclosureAbstract" xlink:title="IncomeTaxDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SummaryOfIncomeTaxContingenciesTextBlock" xlink:label="us-gaap_SummaryOfIncomeTaxContingenciesTextBlock" xlink:title="SummaryOfIncomeTaxContingenciesTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeTaxDisclosureAbstract" xlink:to="us-gaap_SummaryOfIncomeTaxContingenciesTextBlock" xlink:title="Presentation : us-gaap_IncomeTaxDisclosureAbstract to us-gaap_SummaryOfIncomeTaxContingenciesTextBlock" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock" xlink:label="us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock" xlink:title="ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeTaxDisclosureAbstract" xlink:to="us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock" xlink:title="Presentation : us-gaap_IncomeTaxDisclosureAbstract to us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureCompensationPlansTables">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:title="DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" xlink:label="us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" xlink:title="ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" xlink:title="Presentation : us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract to us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock" xlink:label="us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock" xlink:title="ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock" xlink:title="Presentation : us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract to us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock" xlink:label="us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock" xlink:title="ScheduleOfNonvestedShareActivityTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock" xlink:title="Presentation : us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract to us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock" xlink:label="us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock" xlink:title="ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock" xlink:title="Presentation : us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract to us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock" xlink:label="us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock" xlink:title="ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock" xlink:title="Presentation : us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract to us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureSelectedQuarterlyFinancialDataTables">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:label="us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:title="QuarterlyFinancialInformationDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock" xlink:label="us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock" xlink:title="ScheduleOfQuarterlyFinancialInformationTableTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:to="us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock" xlink:title="Presentation : us-gaap_QuarterlyFinancialInformationDisclosureAbstract to us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureVariableInterestEntitiesTables">
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_VariableInterestEntitiesDisclosureAbstract" xlink:label="hcp_VariableInterestEntitiesDisclosureAbstract" xlink:title="VariableInterestEntitiesDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" xlink:label="us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" xlink:title="ScheduleOfVariableInterestEntitiesTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_VariableInterestEntitiesDisclosureAbstract" xlink:to="us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" xlink:title="Presentation : hcp_VariableInterestEntitiesDisclosureAbstract to us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureCompensationPlansDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RangeAxis" xlink:label="us-gaap_RangeAxis" xlink:title="RangeAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RangeMember" xlink:label="us-gaap_RangeMember" xlink:title="RangeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RangeAxis" xlink:to="us-gaap_RangeMember" xlink:title="Presentation : us-gaap_RangeAxis to us-gaap_RangeMember" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MinimumMember" xlink:label="us-gaap_MinimumMember" xlink:title="MinimumMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RangeMember" xlink:to="us-gaap_MinimumMember" xlink:title="Presentation : us-gaap_RangeMember to us-gaap_MinimumMember" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:title="DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:title="ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:title="Presentation : us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract to us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PlanNameAxis" xlink:label="us-gaap_PlanNameAxis" xlink:title="PlanNameAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:to="us-gaap_PlanNameAxis" xlink:title="Presentation : us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable to us-gaap_PlanNameAxis" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PlanNameDomain" xlink:label="us-gaap_PlanNameDomain" xlink:title="PlanNameDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_PlanNameAxis" xlink:to="us-gaap_PlanNameDomain" xlink:title="Presentation : us-gaap_PlanNameAxis to us-gaap_PlanNameDomain" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_StockBasedCompensation2006IncentivePlanMember" xlink:label="hcp_StockBasedCompensation2006IncentivePlanMember" xlink:title="StockBasedCompensation2006IncentivePlanMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_PlanNameDomain" xlink:to="hcp_StockBasedCompensation2006IncentivePlanMember" xlink:title="Presentation : us-gaap_PlanNameDomain to hcp_StockBasedCompensation2006IncentivePlanMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="us-gaap_AwardTypeAxis" xlink:title="AwardTypeAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:title="ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AwardTypeAxis" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:title="Presentation : us-gaap_AwardTypeAxis to us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EmployeeStockOptionMember" xlink:label="us-gaap_EmployeeStockOptionMember" xlink:title="EmployeeStockOptionMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="us-gaap_EmployeeStockOptionMember" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain to us-gaap_EmployeeStockOptionMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MaximumMember" xlink:label="us-gaap_MaximumMember" xlink:title="MaximumMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RangeMember" xlink:to="us-gaap_MaximumMember" xlink:title="Presentation : us-gaap_RangeMember to us-gaap_MaximumMember" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:to="us-gaap_AwardTypeAxis" xlink:title="Presentation : us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable to us-gaap_AwardTypeAxis" order="2" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:to="us-gaap_RangeAxis" xlink:title="Presentation : us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable to us-gaap_RangeAxis" order="3" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrantAsRestrictedStockAndPerformanceRestrictedStockUnits" xlink:label="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrantAsRestrictedStockAndPerformanceRestrictedStockUnits" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrantAsRestrictedStockAndPerformanceRestrictedStockUnits" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:to="hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrantAsRestrictedStockAndPerformanceRestrictedStockUnits" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems to hcp_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrantAsRestrictedStockAndPerformanceRestrictedStockUnits" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:title="Presentation : us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" use="optional" order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense" xlink:label="us-gaap_AllocatedShareBasedCompensationExpense" xlink:title="AllocatedShareBasedCompensationExpense" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:to="us-gaap_AllocatedShareBasedCompensationExpense" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems to us-gaap_AllocatedShareBasedCompensationExpense" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_1" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:to="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_1" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" use="optional" order="5" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:title="EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:to="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems to us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" use="optional" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:title="EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:to="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems to us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" use="optional" order="7" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:title="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward to us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" use="optional" order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:title="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward to us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" use="optional" order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice" xlink:title="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward to us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_2" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_2" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:to="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_2" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" use="optional" order="11" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice" use="optional" order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:title="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward to us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" use="optional" order="13" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:label="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_3" xlink:title="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_3" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:to="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_3" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward to us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" use="optional" order="14" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1" xlink:title="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward to us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1" use="optional" order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" use="optional" order="16" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:label="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_4" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_4" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:to="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_4" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" use="optional" order="17" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1" xlink:title="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward to us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1" use="optional" order="18" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardTermsOfAward" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardTermsOfAward" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardTermsOfAward" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardTermsOfAward" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardTermsOfAward" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ShareBasedCompensationByShareBasedPaymentAwardSharesWithheldForObligationsTowardExerciseOfShares" xlink:label="hcp_ShareBasedCompensationByShareBasedPaymentAwardSharesWithheldForObligationsTowardExerciseOfShares" xlink:title="ShareBasedCompensationByShareBasedPaymentAwardSharesWithheldForObligationsTowardExerciseOfShares" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:to="hcp_ShareBasedCompensationByShareBasedPaymentAwardSharesWithheldForObligationsTowardExerciseOfShares" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems to hcp_ShareBasedCompensationByShareBasedPaymentAwardSharesWithheldForObligationsTowardExerciseOfShares" use="optional" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ShareBasedCompensationByShareBasedPaymentAwardValueOfSharesWithheldToOffsetTaxWithholdingObligations" xlink:label="hcp_ShareBasedCompensationByShareBasedPaymentAwardValueOfSharesWithheldToOffsetTaxWithholdingObligations" xlink:title="ShareBasedCompensationByShareBasedPaymentAwardValueOfSharesWithheldToOffsetTaxWithholdingObligations" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:to="hcp_ShareBasedCompensationByShareBasedPaymentAwardValueOfSharesWithheldToOffsetTaxWithholdingObligations" xlink:title="Presentation : us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems to hcp_ShareBasedCompensationByShareBasedPaymentAwardValueOfSharesWithheldToOffsetTaxWithholdingObligations" use="optional" order="8002" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureSelectedQuarterlyFinancialDataDetails3">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:label="us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:title="QuarterlyFinancialInformationDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfRestructuringAndRelatedCostsTable" xlink:label="us-gaap_ScheduleOfRestructuringAndRelatedCostsTable" xlink:title="ScheduleOfRestructuringAndRelatedCostsTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:to="us-gaap_ScheduleOfRestructuringAndRelatedCostsTable" xlink:title="Presentation : us-gaap_QuarterlyFinancialInformationDisclosureAbstract to us-gaap_ScheduleOfRestructuringAndRelatedCostsTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_TitleOfIndividualAxis" xlink:label="us-gaap_TitleOfIndividualAxis" xlink:title="TitleOfIndividualAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfRestructuringAndRelatedCostsTable" xlink:to="us-gaap_TitleOfIndividualAxis" xlink:title="Presentation : us-gaap_ScheduleOfRestructuringAndRelatedCostsTable to us-gaap_TitleOfIndividualAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:label="us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:title="TitleOfIndividualWithRelationshipToEntityDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_TitleOfIndividualAxis" xlink:to="us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:title="Presentation : us-gaap_TitleOfIndividualAxis to us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ChiefExecutiveOfficerMember" xlink:label="us-gaap_ChiefExecutiveOfficerMember" xlink:title="ChiefExecutiveOfficerMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:to="us-gaap_ChiefExecutiveOfficerMember" xlink:title="Presentation : us-gaap_TitleOfIndividualWithRelationshipToEntityDomain to us-gaap_ChiefExecutiveOfficerMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RestructuringCostAndReserveLineItems" xlink:label="us-gaap_RestructuringCostAndReserveLineItems" xlink:title="RestructuringCostAndReserveLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SeveranceCosts1" xlink:label="us-gaap_SeveranceCosts1" xlink:title="SeveranceCosts1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RestructuringCostAndReserveLineItems" xlink:to="us-gaap_SeveranceCosts1" xlink:title="Presentation : us-gaap_RestructuringCostAndReserveLineItems to us-gaap_SeveranceCosts1" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfRestructuringAndRelatedCostsTable" xlink:to="us-gaap_RestructuringCostAndReserveLineItems" xlink:title="Presentation : us-gaap_ScheduleOfRestructuringAndRelatedCostsTable to us-gaap_RestructuringCostAndReserveLineItems" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RestructuringCostAndReserveLineItems" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost" xlink:title="Presentation : us-gaap_RestructuringCostAndReserveLineItems to us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_SeverancePaymentsAndOtherCosts" xlink:label="hcp_SeverancePaymentsAndOtherCosts" xlink:title="SeverancePaymentsAndOtherCosts" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RestructuringCostAndReserveLineItems" xlink:to="hcp_SeverancePaymentsAndOtherCosts" xlink:title="Presentation : us-gaap_RestructuringCostAndReserveLineItems to hcp_SeverancePaymentsAndOtherCosts" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureTransactionsWithRelatedPartiesDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_LegalEntityAxis" xlink:label="dei_LegalEntityAxis" xlink:title="LegalEntityAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_EntityDomain" xlink:label="dei_EntityDomain" xlink:title="EntityDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_LegalEntityAxis" xlink:to="dei_EntityDomain" xlink:title="Presentation : dei_LegalEntityAxis to dei_EntityDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HCPITennesseeLimitedLiabilityCompanyMember" xlink:label="hcp_HCPITennesseeLimitedLiabilityCompanyMember" xlink:title="HCPITennesseeLimitedLiabilityCompanyMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_EntityDomain" xlink:to="hcp_HCPITennesseeLimitedLiabilityCompanyMember" xlink:title="Presentation : dei_EntityDomain to hcp_HCPITennesseeLimitedLiabilityCompanyMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="us-gaap_RelatedPartyTransactionsAbstract" xlink:title="RelatedPartyTransactionsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:title="ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RelatedPartyTransactionsAbstract" xlink:to="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:title="Presentation : us-gaap_RelatedPartyTransactionsAbstract to us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:title="RelatedPartyTransactionsByRelatedPartyAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:to="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:title="Presentation : us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable to us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:label="us-gaap_RelatedPartyDomain" xlink:title="RelatedPartyDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:to="us-gaap_RelatedPartyDomain" xlink:title="Presentation : us-gaap_RelatedPartyTransactionsByRelatedPartyAxis to us-gaap_RelatedPartyDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ExecutiveVicePresidentKlaritchMember" xlink:label="hcp_ExecutiveVicePresidentKlaritchMember" xlink:title="ExecutiveVicePresidentKlaritchMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RelatedPartyDomain" xlink:to="hcp_ExecutiveVicePresidentKlaritchMember" xlink:title="Presentation : us-gaap_RelatedPartyDomain to hcp_ExecutiveVicePresidentKlaritchMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RelatedPartyTransactionLineItems" xlink:label="us-gaap_RelatedPartyTransactionLineItems" xlink:title="RelatedPartyTransactionLineItems" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_NumberOfNonManagingMemberUnitsReceived" xlink:label="hcp_NumberOfNonManagingMemberUnitsReceived" xlink:title="NumberOfNonManagingMemberUnitsReceived" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RelatedPartyTransactionLineItems" xlink:to="hcp_NumberOfNonManagingMemberUnitsReceived" xlink:title="Presentation : us-gaap_RelatedPartyTransactionLineItems to hcp_NumberOfNonManagingMemberUnitsReceived" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:to="dei_LegalEntityAxis" xlink:title="Presentation : us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable to dei_LegalEntityAxis" use="optional" order="2" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RedemptionOfDownREITUnitsInNumberOfShares" xlink:label="hcp_RedemptionOfDownREITUnitsInNumberOfShares" xlink:title="RedemptionOfDownREITUnitsInNumberOfShares" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RelatedPartyTransactionLineItems" xlink:to="hcp_RedemptionOfDownREITUnitsInNumberOfShares" xlink:title="Presentation : us-gaap_RelatedPartyTransactionLineItems to hcp_RedemptionOfDownREITUnitsInNumberOfShares" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:to="us-gaap_RelatedPartyTransactionLineItems" xlink:title="Presentation : us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable to us-gaap_RelatedPartyTransactionLineItems" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RedemptionOfDownREITUnitsInCashEquivalentOfMarketValueOfEntitysCommonStock" xlink:label="hcp_RedemptionOfDownREITUnitsInCashEquivalentOfMarketValueOfEntitysCommonStock" xlink:title="RedemptionOfDownREITUnitsInCashEquivalentOfMarketValueOfEntitysCommonStock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RelatedPartyTransactionLineItems" xlink:to="hcp_RedemptionOfDownREITUnitsInCashEquivalentOfMarketValueOfEntitysCommonStock" xlink:title="Presentation : us-gaap_RelatedPartyTransactionLineItems to hcp_RedemptionOfDownREITUnitsInCashEquivalentOfMarketValueOfEntitysCommonStock" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_HCAIncorporationMember" xlink:label="hcp_HCAIncorporationMember" xlink:title="HCAIncorporationMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_EntityDomain" xlink:to="hcp_HCAIncorporationMember" xlink:title="Presentation : dei_EntityDomain to hcp_HCAIncorporationMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ExecutiveVicePresidentElcanMember" xlink:label="hcp_ExecutiveVicePresidentElcanMember" xlink:title="ExecutiveVicePresidentElcanMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RelatedPartyDomain" xlink:to="hcp_ExecutiveVicePresidentElcanMember" xlink:title="Presentation : us-gaap_RelatedPartyDomain to hcp_ExecutiveVicePresidentElcanMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RelatedPartyTransactionsMinimumPercentageOfOwnershipDirectlyOrIndirectlyOwned" xlink:label="hcp_RelatedPartyTransactionsMinimumPercentageOfOwnershipDirectlyOrIndirectlyOwned" xlink:title="RelatedPartyTransactionsMinimumPercentageOfOwnershipDirectlyOrIndirectlyOwned" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RelatedPartyTransactionLineItems" xlink:to="hcp_RelatedPartyTransactionsMinimumPercentageOfOwnershipDirectlyOrIndirectlyOwned" xlink:title="Presentation : us-gaap_RelatedPartyTransactionLineItems to hcp_RelatedPartyTransactionsMinimumPercentageOfOwnershipDirectlyOrIndirectlyOwned" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RevenueFromRelatedParties" xlink:label="us-gaap_RevenueFromRelatedParties" xlink:title="RevenueFromRelatedParties" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RelatedPartyTransactionLineItems" xlink:to="us-gaap_RevenueFromRelatedParties" xlink:title="Presentation : us-gaap_RelatedPartyTransactionLineItems to us-gaap_RevenueFromRelatedParties" order="8001" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureValuationAndQualifyingAccountsDetails">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ValuationAndQualifyingAccountsAbstract" xlink:label="us-gaap_ValuationAndQualifyingAccountsAbstract" xlink:title="ValuationAndQualifyingAccountsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ValuationAndQualifyingAccountsDisclosureTable" xlink:label="us-gaap_ValuationAndQualifyingAccountsDisclosureTable" xlink:title="ValuationAndQualifyingAccountsDisclosureTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ValuationAndQualifyingAccountsAbstract" xlink:to="us-gaap_ValuationAndQualifyingAccountsDisclosureTable" xlink:title="Presentation : us-gaap_ValuationAndQualifyingAccountsAbstract to us-gaap_ValuationAndQualifyingAccountsDisclosureTable" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ValuationAllowancesAndReservesTypeAxis" xlink:label="us-gaap_ValuationAllowancesAndReservesTypeAxis" xlink:title="ValuationAllowancesAndReservesTypeAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ValuationAndQualifyingAccountsDisclosureTable" xlink:to="us-gaap_ValuationAllowancesAndReservesTypeAxis" xlink:title="Presentation : us-gaap_ValuationAndQualifyingAccountsDisclosureTable to us-gaap_ValuationAllowancesAndReservesTypeAxis" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ValuationAllowancesAndReservesDomain" xlink:label="us-gaap_ValuationAllowancesAndReservesDomain" xlink:title="ValuationAllowancesAndReservesDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ValuationAllowancesAndReservesTypeAxis" xlink:to="us-gaap_ValuationAllowancesAndReservesDomain" xlink:title="Presentation : us-gaap_ValuationAllowancesAndReservesTypeAxis to us-gaap_ValuationAllowancesAndReservesDomain" use="optional" order="1" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AllowanceAccountsMember" xlink:label="hcp_AllowanceAccountsMember" xlink:title="AllowanceAccountsMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ValuationAllowancesAndReservesDomain" xlink:to="hcp_AllowanceAccountsMember" xlink:title="Presentation : us-gaap_ValuationAllowancesAndReservesDomain to hcp_AllowanceAccountsMember" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ValuationAndQualifyingAccountsDisclosureLineItems" xlink:label="us-gaap_ValuationAndQualifyingAccountsDisclosureLineItems" xlink:title="ValuationAndQualifyingAccountsDisclosureLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MovementInValuationAllowancesAndReservesRollForward" xlink:label="us-gaap_MovementInValuationAllowancesAndReservesRollForward" xlink:title="MovementInValuationAllowancesAndReservesRollForward" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ValuationAndQualifyingAccountsDisclosureLineItems" xlink:to="us-gaap_MovementInValuationAllowancesAndReservesRollForward" xlink:title="Presentation : us-gaap_ValuationAndQualifyingAccountsDisclosureLineItems to us-gaap_MovementInValuationAllowancesAndReservesRollForward" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ValuationAllowancesAndReservesBalance" xlink:label="us-gaap_ValuationAllowancesAndReservesBalance" xlink:title="ValuationAllowancesAndReservesBalance" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MovementInValuationAllowancesAndReservesRollForward" xlink:to="us-gaap_ValuationAllowancesAndReservesBalance" xlink:title="Presentation : us-gaap_MovementInValuationAllowancesAndReservesRollForward to us-gaap_ValuationAllowancesAndReservesBalance" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ValuationAllowancesAndReservesAdditionsAbstract" xlink:label="hcp_ValuationAllowancesAndReservesAdditionsAbstract" xlink:title="ValuationAllowancesAndReservesAdditionsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ValuationAllowancesAndReservesChargedToCostAndExpense" xlink:label="us-gaap_ValuationAllowancesAndReservesChargedToCostAndExpense" xlink:title="ValuationAllowancesAndReservesChargedToCostAndExpense" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ValuationAllowancesAndReservesAdditionsAbstract" xlink:to="us-gaap_ValuationAllowancesAndReservesChargedToCostAndExpense" xlink:title="Presentation : hcp_ValuationAllowancesAndReservesAdditionsAbstract to us-gaap_ValuationAllowancesAndReservesChargedToCostAndExpense" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ValuationAllowancesAndReservesDeductionsAbstract" xlink:label="hcp_ValuationAllowancesAndReservesDeductionsAbstract" xlink:title="ValuationAllowancesAndReservesDeductionsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ValuationAllowancesAndReservesDeductions" xlink:label="us-gaap_ValuationAllowancesAndReservesDeductions" xlink:title="ValuationAllowancesAndReservesDeductions" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ValuationAllowancesAndReservesDeductionsAbstract" xlink:to="us-gaap_ValuationAllowancesAndReservesDeductions" xlink:title="Presentation : hcp_ValuationAllowancesAndReservesDeductionsAbstract to us-gaap_ValuationAllowancesAndReservesDeductions" use="optional" order="1" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ValuationAndQualifyingAccountsDisclosureTable" xlink:to="us-gaap_ValuationAndQualifyingAccountsDisclosureLineItems" xlink:title="Presentation : us-gaap_ValuationAndQualifyingAccountsDisclosureTable to us-gaap_ValuationAndQualifyingAccountsDisclosureLineItems" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MovementInValuationAllowancesAndReservesRollForward" xlink:to="hcp_ValuationAllowancesAndReservesAdditionsAbstract" xlink:title="Presentation : us-gaap_MovementInValuationAllowancesAndReservesRollForward to hcp_ValuationAllowancesAndReservesAdditionsAbstract" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ValuationAllowancesAndReservesReservesOfPropertiesAcquired" xlink:label="hcp_ValuationAllowancesAndReservesReservesOfPropertiesAcquired" xlink:title="ValuationAllowancesAndReservesReservesOfPropertiesAcquired" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ValuationAllowancesAndReservesAdditionsAbstract" xlink:to="hcp_ValuationAllowancesAndReservesReservesOfPropertiesAcquired" xlink:title="Presentation : hcp_ValuationAllowancesAndReservesAdditionsAbstract to hcp_ValuationAllowancesAndReservesReservesOfPropertiesAcquired" use="optional" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ValuationAllowancesAndReservesDisposedOrContributedProperties" xlink:label="hcp_ValuationAllowancesAndReservesDisposedOrContributedProperties" xlink:title="ValuationAllowancesAndReservesDisposedOrContributedProperties" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ValuationAllowancesAndReservesDeductionsAbstract" xlink:to="hcp_ValuationAllowancesAndReservesDisposedOrContributedProperties" xlink:title="Presentation : hcp_ValuationAllowancesAndReservesDeductionsAbstract to hcp_ValuationAllowancesAndReservesDisposedOrContributedProperties" use="optional" order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MovementInValuationAllowancesAndReservesRollForward" xlink:to="hcp_ValuationAllowancesAndReservesDeductionsAbstract" xlink:title="Presentation : us-gaap_MovementInValuationAllowancesAndReservesRollForward to hcp_ValuationAllowancesAndReservesDeductionsAbstract" use="optional" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ValuationAllowancesAndReservesBalance" xlink:label="ValuationAllowancesAndReservesBalance_1" xlink:title="ValuationAllowancesAndReservesBalance_1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_MovementInValuationAllowancesAndReservesRollForward" xlink:to="ValuationAllowancesAndReservesBalance_1" xlink:title="Presentation : us-gaap_MovementInValuationAllowancesAndReservesRollForward to us-gaap_ValuationAllowancesAndReservesBalance" use="optional" order="4" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureRealEstateAndAccumulatedDepreciationDetails2">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract" xlink:title="RealEstateAndAccumulatedDepreciationDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RealEstateFederalIncomeTaxBasisLessThanReportedNetAssets" xlink:label="hcp_RealEstateFederalIncomeTaxBasisLessThanReportedNetAssets" xlink:title="RealEstateFederalIncomeTaxBasisLessThanReportedNetAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract" xlink:to="hcp_RealEstateFederalIncomeTaxBasisLessThanReportedNetAssets" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract to hcp_RealEstateFederalIncomeTaxBasisLessThanReportedNetAssets" use="optional" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/CashFlows">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:title="NetCashProvidedByUsedInInvestingActivitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsToAcquireRealEstateAndRealEstateJointVentures" xlink:label="us-gaap_PaymentsToAcquireRealEstateAndRealEstateJointVentures" xlink:title="PaymentsToAcquireRealEstateAndRealEstateJointVentures" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_PaymentsToAcquireRealEstateAndRealEstateJointVentures" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract to us-gaap_PaymentsToAcquireRealEstateAndRealEstateJointVentures" use="optional" order="10" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="us-gaap_StatementOfCashFlowsAbstract" xlink:title="StatementOfCashFlowsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:title="NetCashProvidedByUsedInOperatingActivitiesAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:title="Presentation : us-gaap_StatementOfCashFlowsAbstract to us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProfitLoss" xlink:label="us-gaap_ProfitLoss" xlink:title="ProfitLoss" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_ProfitLoss" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract to us-gaap_ProfitLoss" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:title="AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DepreciationDepletionAndAmortizationNonproductionAbstract" xlink:label="us-gaap_DepreciationDepletionAndAmortizationNonproductionAbstract" xlink:title="DepreciationDepletionAndAmortizationNonproductionAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_DepreciationDepletionAndAmortizationNonproductionAbstract" xlink:title="Presentation : us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract to us-gaap_DepreciationDepletionAndAmortizationNonproductionAbstract" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:label="us-gaap_DepreciationAndAmortization" xlink:title="DepreciationAndAmortization" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DepreciationDepletionAndAmortizationNonproductionAbstract" xlink:to="us-gaap_DepreciationAndAmortization" xlink:title="Presentation : us-gaap_DepreciationDepletionAndAmortizationNonproductionAbstract to us-gaap_DepreciationAndAmortization" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:title="IncreaseDecreaseInOperatingCapitalAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:title="IncreaseDecreaseInAccountsReceivable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:to="us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:title="Presentation : us-gaap_IncreaseDecreaseInOperatingCapitalAbstract to us-gaap_IncreaseDecreaseInAccountsReceivable" use="optional" order="10" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:title="NetCashProvidedByUsedInFinancingActivitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfLinesOfCredit" xlink:label="us-gaap_ProceedsFromRepaymentsOfLinesOfCredit" xlink:title="ProceedsFromRepaymentsOfLinesOfCredit" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_ProceedsFromRepaymentsOfLinesOfCredit" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract to us-gaap_ProceedsFromRepaymentsOfLinesOfCredit" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsToDevelopRealEstateAssets" xlink:label="us-gaap_PaymentsToDevelopRealEstateAssets" xlink:title="PaymentsToDevelopRealEstateAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_PaymentsToDevelopRealEstateAssets" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract to us-gaap_PaymentsToDevelopRealEstateAssets" use="optional" order="20" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract to us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DepreciationAndAmortizationOfRealEstateInPlaceLeaseAndOtherIntangiblesDiscontinuedOperations" xlink:label="hcp_DepreciationAndAmortizationOfRealEstateInPlaceLeaseAndOtherIntangiblesDiscontinuedOperations" xlink:title="DepreciationAndAmortizationOfRealEstateInPlaceLeaseAndOtherIntangiblesDiscontinuedOperations" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DepreciationDepletionAndAmortizationNonproductionAbstract" xlink:to="hcp_DepreciationAndAmortizationOfRealEstateInPlaceLeaseAndOtherIntangiblesDiscontinuedOperations" xlink:title="Presentation : us-gaap_DepreciationDepletionAndAmortizationNonproductionAbstract to hcp_DepreciationAndAmortizationOfRealEstateInPlaceLeaseAndOtherIntangiblesDiscontinuedOperations" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AmortizationOfAboveAndBelowMarketLeaseIntangiblesNet" xlink:label="hcp_AmortizationOfAboveAndBelowMarketLeaseIntangiblesNet" xlink:title="AmortizationOfAboveAndBelowMarketLeaseIntangiblesNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="hcp_AmortizationOfAboveAndBelowMarketLeaseIntangiblesNet" xlink:title="Presentation : us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract to hcp_AmortizationOfAboveAndBelowMarketLeaseIntangiblesNet" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:label="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:title="IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:to="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:title="Presentation : us-gaap_IncreaseDecreaseInOperatingCapitalAbstract to us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" use="optional" order="20" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:title="Presentation : us-gaap_StatementOfCashFlowsAbstract to us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProceedsFromIssuanceOfUnsecuredDebt" xlink:label="us-gaap_ProceedsFromIssuanceOfUnsecuredDebt" xlink:title="ProceedsFromIssuanceOfUnsecuredDebt" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_ProceedsFromIssuanceOfUnsecuredDebt" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract to us-gaap_ProceedsFromIssuanceOfUnsecuredDebt" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsForLeasingCostsCommissionsAndTenantImprovements" xlink:label="us-gaap_PaymentsForLeasingCostsCommissionsAndTenantImprovements" xlink:title="PaymentsForLeasingCostsCommissionsAndTenantImprovements" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_PaymentsForLeasingCostsCommissionsAndTenantImprovements" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract to us-gaap_PaymentsForLeasingCostsCommissionsAndTenantImprovements" use="optional" order="30" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="us-gaap_ShareBasedCompensation" xlink:title="ShareBasedCompensation" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_ShareBasedCompensation" xlink:title="Presentation : us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract to us-gaap_ShareBasedCompensation" use="optional" order="30" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract to us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" use="optional" order="30" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:title="IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:to="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:title="Presentation : us-gaap_IncreaseDecreaseInOperatingCapitalAbstract to us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" use="optional" order="30" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:title="Presentation : us-gaap_StatementOfCashFlowsAbstract to us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" use="optional" order="30" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RepaymentsOfUnsecuredDebt" xlink:label="us-gaap_RepaymentsOfUnsecuredDebt" xlink:title="RepaymentsOfUnsecuredDebt" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_RepaymentsOfUnsecuredDebt" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract to us-gaap_RepaymentsOfUnsecuredDebt" use="optional" order="30" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:label="us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:title="ProceedsFromSaleOfPropertyPlantAndEquipment" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract to us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" use="optional" order="40" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AmortizationOfFinancingCostsAndDiscounts" xlink:label="us-gaap_AmortizationOfFinancingCostsAndDiscounts" xlink:title="AmortizationOfFinancingCostsAndDiscounts" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_AmortizationOfFinancingCostsAndDiscounts" xlink:title="Presentation : us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract to us-gaap_AmortizationOfFinancingCostsAndDiscounts" use="optional" order="40" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:title="NetCashProvidedByUsedInOperatingActivities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract to us-gaap_NetCashProvidedByUsedInOperatingActivities" use="optional" order="40" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RepaymentsOfSecuredDebt" xlink:label="us-gaap_RepaymentsOfSecuredDebt" xlink:title="RepaymentsOfSecuredDebt" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_RepaymentsOfSecuredDebt" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract to us-gaap_RepaymentsOfSecuredDebt" use="optional" order="40" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" xlink:label="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" xlink:title="EffectOfExchangeRateOnCashAndCashEquivalents" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" xlink:title="Presentation : us-gaap_StatementOfCashFlowsAbstract to us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" use="optional" order="40" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DistributionsInExcessOfEarningsFromUnconsolidatedJointVentures" xlink:label="hcp_DistributionsInExcessOfEarningsFromUnconsolidatedJointVentures" xlink:title="DistributionsInExcessOfEarningsFromUnconsolidatedJointVentures" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="hcp_DistributionsInExcessOfEarningsFromUnconsolidatedJointVentures" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract to hcp_DistributionsInExcessOfEarningsFromUnconsolidatedJointVentures" use="optional" order="50" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StraightLineRent" xlink:label="us-gaap_StraightLineRent" xlink:title="StraightLineRent" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_StraightLineRent" xlink:title="Presentation : us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract to us-gaap_StraightLineRent" use="optional" order="50" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsOfDebtIssuanceCosts" xlink:label="us-gaap_PaymentsOfDebtIssuanceCosts" xlink:title="PaymentsOfDebtIssuanceCosts" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_PaymentsOfDebtIssuanceCosts" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract to us-gaap_PaymentsOfDebtIssuanceCosts" use="optional" order="50" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:title="CashAndCashEquivalentsPeriodIncreaseDecrease" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:title="Presentation : us-gaap_StatementOfCashFlowsAbstract to us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" use="optional" order="50" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsToAcquireMarketableSecurities" xlink:label="us-gaap_PaymentsToAcquireMarketableSecurities" xlink:title="PaymentsToAcquireMarketableSecurities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_PaymentsToAcquireMarketableSecurities" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract to us-gaap_PaymentsToAcquireMarketableSecurities" use="optional" order="60" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccretionExpense" xlink:label="us-gaap_AccretionExpense" xlink:title="AccretionExpense" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_AccretionExpense" xlink:title="Presentation : us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract to us-gaap_AccretionExpense" use="optional" order="60" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProceedsFromIssuanceOrSaleOfEquity" xlink:label="us-gaap_ProceedsFromIssuanceOrSaleOfEquity" xlink:title="ProceedsFromIssuanceOrSaleOfEquity" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_ProceedsFromIssuanceOrSaleOfEquity" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract to us-gaap_ProceedsFromIssuanceOrSaleOfEquity" use="optional" order="60" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:title="CashAndCashEquivalentsAtCarryingValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:title="Presentation : us-gaap_StatementOfCashFlowsAbstract to us-gaap_CashAndCashEquivalentsAtCarryingValue" use="optional" order="60" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities" xlink:label="us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities" xlink:title="ProceedsFromSaleAndMaturityOfMarketableSecurities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract to us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities" use="optional" order="70" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RecognitionOfDeferredRevenue" xlink:label="us-gaap_RecognitionOfDeferredRevenue" xlink:title="RecognitionOfDeferredRevenue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_RecognitionOfDeferredRevenue" xlink:title="Presentation : us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract to us-gaap_RecognitionOfDeferredRevenue" use="optional" order="70" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:title="PaymentsForRepurchaseOfCommonStock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract to us-gaap_PaymentsForRepurchaseOfCommonStock" use="optional" order="70" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="CashAndCashEquivalentsAtCarryingValue_1" xlink:title="CashAndCashEquivalentsAtCarryingValue_1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="CashAndCashEquivalentsAtCarryingValue_1" xlink:title="Presentation : us-gaap_StatementOfCashFlowsAbstract to us-gaap_CashAndCashEquivalentsAtCarryingValue" use="optional" order="70" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment" xlink:label="us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment" xlink:title="ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract to us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment" use="optional" order="80" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments" xlink:title="IncomeLossFromEquityMethodInvestments" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_IncomeLossFromEquityMethodInvestments" xlink:title="Presentation : us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract to us-gaap_IncomeLossFromEquityMethodInvestments" use="optional" order="80" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsOfDividends" xlink:label="us-gaap_PaymentsOfDividends" xlink:title="PaymentsOfDividends" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_PaymentsOfDividends" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract to us-gaap_PaymentsOfDividends" use="optional" order="80" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsToAcquireNotesReceivable" xlink:label="us-gaap_PaymentsToAcquireNotesReceivable" xlink:title="PaymentsToAcquireNotesReceivable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_PaymentsToAcquireNotesReceivable" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract to us-gaap_PaymentsToAcquireNotesReceivable" use="optional" order="90" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityMethodInvestmentDividendsOrDistributions" xlink:label="us-gaap_EquityMethodInvestmentDividendsOrDistributions" xlink:title="EquityMethodInvestmentDividendsOrDistributions" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_EquityMethodInvestmentDividendsOrDistributions" xlink:title="Presentation : us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract to us-gaap_EquityMethodInvestmentDividendsOrDistributions" use="optional" order="90" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProceedsFromPaymentsToMinorityShareholders" xlink:label="us-gaap_ProceedsFromPaymentsToMinorityShareholders" xlink:title="ProceedsFromPaymentsToMinorityShareholders" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_ProceedsFromPaymentsToMinorityShareholders" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract to us-gaap_ProceedsFromPaymentsToMinorityShareholders" use="optional" order="90" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncreaseDecreaseInRestrictedCash" xlink:label="us-gaap_IncreaseDecreaseInRestrictedCash" xlink:title="IncreaseDecreaseInRestrictedCash" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_IncreaseDecreaseInRestrictedCash" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract to us-gaap_IncreaseDecreaseInRestrictedCash" use="optional" order="100" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_GainLossOnSaleOfInvestments" xlink:label="us-gaap_GainLossOnSaleOfInvestments" xlink:title="GainLossOnSaleOfInvestments" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_GainLossOnSaleOfInvestments" xlink:title="Presentation : us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract to us-gaap_GainLossOnSaleOfInvestments" use="optional" order="100" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsToMinorityShareholders" xlink:label="us-gaap_PaymentsToMinorityShareholders" xlink:title="PaymentsToMinorityShareholders" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_PaymentsToMinorityShareholders" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract to us-gaap_PaymentsToMinorityShareholders" use="optional" order="100" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:title="NetCashProvidedByUsedInInvestingActivities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract to us-gaap_NetCashProvidedByUsedInInvestingActivities" use="optional" order="110" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_GainLossOnInvestments" xlink:label="us-gaap_GainLossOnInvestments" xlink:title="GainLossOnInvestments" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_GainLossOnInvestments" xlink:title="Presentation : us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract to us-gaap_GainLossOnInvestments" use="optional" order="110" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:title="NetCashProvidedByUsedInFinancingActivities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract to us-gaap_NetCashProvidedByUsedInFinancingActivities" use="optional" order="110" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_GainLossUponConsolidationOfJointVenture" xlink:label="hcp_GainLossUponConsolidationOfJointVenture" xlink:title="GainLossUponConsolidationOfJointVenture" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="hcp_GainLossUponConsolidationOfJointVenture" xlink:title="Presentation : us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract to hcp_GainLossUponConsolidationOfJointVenture" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsToAcquireOtherRealEstate" xlink:label="us-gaap_PaymentsToAcquireOtherRealEstate" xlink:title="PaymentsToAcquireOtherRealEstate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_PaymentsToAcquireOtherRealEstate" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract to us-gaap_PaymentsToAcquireOtherRealEstate" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_RepaymentsOfTermLoan" xlink:label="hcp_RepaymentsOfTermLoan" xlink:title="RepaymentsOfTermLoan" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="hcp_RepaymentsOfTermLoan" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract to hcp_RepaymentsOfTermLoan" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LoansAndLeasesReceivableGainLossOnSalesNet" xlink:label="us-gaap_LoansAndLeasesReceivableGainLossOnSalesNet" xlink:title="LoansAndLeasesReceivableGainLossOnSalesNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_LoansAndLeasesReceivableGainLossOnSalesNet" xlink:title="Presentation : us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract to us-gaap_LoansAndLeasesReceivableGainLossOnSalesNet" use="optional" order="8010" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:label="us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:title="PaymentsToAcquireBusinessesNetOfCashAcquired" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract to us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" use="optional" order="8010" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries" xlink:label="us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries" xlink:title="PaymentsToAcquireAdditionalInterestInSubsidiaries" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract to us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries" use="optional" order="8010" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AssetImpairmentChargesCashFlowImpact" xlink:label="hcp_AssetImpairmentChargesCashFlowImpact" xlink:title="AssetImpairmentChargesCashFlowImpact" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="hcp_AssetImpairmentChargesCashFlowImpact" xlink:title="Presentation : us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract to hcp_AssetImpairmentChargesCashFlowImpact" use="optional" order="8020" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:label="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:title="PaymentsToAcquireInterestInSubsidiariesAndAffiliates" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract to us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" use="optional" order="8020" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ProceedsFromTermAndBridgeLoans" xlink:label="hcp_ProceedsFromTermAndBridgeLoans" xlink:title="ProceedsFromTermAndBridgeLoans" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="hcp_ProceedsFromTermAndBridgeLoans" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract to hcp_ProceedsFromTermAndBridgeLoans" use="optional" order="8020" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:label="us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:title="GainLossOnDerivativeInstrumentsNetPretax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:title="Presentation : us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract to us-gaap_GainLossOnDerivativeInstrumentsNetPretax" use="optional" order="8030" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsToAcquireInterestInJointVenture" xlink:label="us-gaap_PaymentsToAcquireInterestInJointVenture" xlink:title="PaymentsToAcquireInterestInJointVenture" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_PaymentsToAcquireInterestInJointVenture" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract to us-gaap_PaymentsToAcquireInterestInJointVenture" use="optional" order="8030" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSecuredDebt" xlink:label="us-gaap_ProceedsFromIssuanceOfSecuredDebt" xlink:title="ProceedsFromIssuanceOfSecuredDebt" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_ProceedsFromIssuanceOfSecuredDebt" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract to us-gaap_ProceedsFromIssuanceOfSecuredDebt" use="optional" order="8030" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:label="us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:title="PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:title="Presentation : us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract to us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" use="optional" order="8040" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/StatementOfIncome">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EarningsPerShareBasicAbstract" xlink:label="us-gaap_EarningsPerShareBasicAbstract" xlink:title="EarningsPerShareBasicAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:label="us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:title="IncomeLossFromContinuingOperationsPerBasicShare" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EarningsPerShareBasicAbstract" xlink:to="us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:title="Presentation : us-gaap_EarningsPerShareBasicAbstract to us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract" xlink:label="us-gaap_EarningsPerShareDilutedAbstract" xlink:title="EarningsPerShareDilutedAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" xlink:label="us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" xlink:title="IncomeLossFromContinuingOperationsPerDilutedShare" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EarningsPerShareDilutedAbstract" xlink:to="us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" xlink:title="Presentation : us-gaap_EarningsPerShareDilutedAbstract to us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="us-gaap_IncomeStatementAbstract" xlink:title="IncomeStatementAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="us-gaap_RevenuesAbstract" xlink:title="RevenuesAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_RevenuesAbstract" xlink:title="Presentation : us-gaap_IncomeStatementAbstract to us-gaap_RevenuesAbstract" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingLeasesIncomeStatementLeaseRevenue" xlink:label="us-gaap_OperatingLeasesIncomeStatementLeaseRevenue" xlink:title="OperatingLeasesIncomeStatementLeaseRevenue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RevenuesAbstract" xlink:to="us-gaap_OperatingLeasesIncomeStatementLeaseRevenue" xlink:title="Presentation : us-gaap_RevenuesAbstract to us-gaap_OperatingLeasesIncomeStatementLeaseRevenue" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CostsAndExpensesAbstract" xlink:label="us-gaap_CostsAndExpensesAbstract" xlink:title="CostsAndExpensesAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InterestExpense" xlink:label="us-gaap_InterestExpense" xlink:title="InterestExpense" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CostsAndExpensesAbstract" xlink:to="us-gaap_InterestExpense" xlink:title="Presentation : us-gaap_CostsAndExpensesAbstract to us-gaap_InterestExpense" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract" xlink:title="IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax" xlink:label="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax" xlink:title="DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract" xlink:to="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax" xlink:title="Presentation : us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract to us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:title="WeightedAverageNumberOfSharesOutstandingAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:title="WeightedAverageNumberOfSharesOutstandingBasic" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:title="Presentation : us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract to us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare" xlink:title="IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EarningsPerShareBasicAbstract" xlink:to="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare" xlink:title="Presentation : us-gaap_EarningsPerShareBasicAbstract to us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare" xlink:title="IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EarningsPerShareDilutedAbstract" xlink:to="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare" xlink:title="Presentation : us-gaap_EarningsPerShareDilutedAbstract to us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_TenantReimbursements" xlink:label="us-gaap_TenantReimbursements" xlink:title="TenantReimbursements" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RevenuesAbstract" xlink:to="us-gaap_TenantReimbursements" xlink:title="Presentation : us-gaap_RevenuesAbstract to us-gaap_TenantReimbursements" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_CostsAndExpensesAbstract" xlink:title="Presentation : us-gaap_IncomeStatementAbstract to us-gaap_CostsAndExpensesAbstract" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:label="us-gaap_DepreciationAndAmortization" xlink:title="DepreciationAndAmortization" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CostsAndExpensesAbstract" xlink:to="us-gaap_DepreciationAndAmortization" xlink:title="Presentation : us-gaap_CostsAndExpensesAbstract to us-gaap_DepreciationAndAmortization" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax" xlink:label="us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax" xlink:title="DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract" xlink:to="us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax" xlink:title="Presentation : us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract to us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:title="WeightedAverageNumberOfDilutedSharesOutstanding" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:to="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:title="Presentation : us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract to us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="us-gaap_EarningsPerShareBasic" xlink:title="EarningsPerShareBasic" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EarningsPerShareBasicAbstract" xlink:to="us-gaap_EarningsPerShareBasic" xlink:title="Presentation : us-gaap_EarningsPerShareBasicAbstract to us-gaap_EarningsPerShareBasic" use="optional" order="30" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="us-gaap_EarningsPerShareDiluted" xlink:title="EarningsPerShareDiluted" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EarningsPerShareDilutedAbstract" xlink:to="us-gaap_EarningsPerShareDiluted" xlink:title="Presentation : us-gaap_EarningsPerShareDilutedAbstract to us-gaap_EarningsPerShareDiluted" use="optional" order="30" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_HealthCareOrganizationResidentServiceRevenue" xlink:label="us-gaap_HealthCareOrganizationResidentServiceRevenue" xlink:title="HealthCareOrganizationResidentServiceRevenue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RevenuesAbstract" xlink:to="us-gaap_HealthCareOrganizationResidentServiceRevenue" xlink:title="Presentation : us-gaap_RevenuesAbstract to us-gaap_HealthCareOrganizationResidentServiceRevenue" order="30" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CostOfRealEstateRevenue" xlink:label="us-gaap_CostOfRealEstateRevenue" xlink:title="CostOfRealEstateRevenue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CostsAndExpensesAbstract" xlink:to="us-gaap_CostOfRealEstateRevenue" xlink:title="Presentation : us-gaap_CostsAndExpensesAbstract to us-gaap_CostOfRealEstateRevenue" use="optional" order="30" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NonoperatingIncomeExpense" xlink:label="us-gaap_NonoperatingIncomeExpense" xlink:title="NonoperatingIncomeExpense" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_NonoperatingIncomeExpense" xlink:title="Presentation : us-gaap_IncomeStatementAbstract to us-gaap_NonoperatingIncomeExpense" use="optional" order="30" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:title="IncomeLossFromDiscontinuedOperationsNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract" xlink:to="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:title="Presentation : us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract to us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" use="optional" order="30" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CapitalLeasesIncomeStatementDirectFinancingLeaseRevenue" xlink:label="us-gaap_CapitalLeasesIncomeStatementDirectFinancingLeaseRevenue" xlink:title="CapitalLeasesIncomeStatementDirectFinancingLeaseRevenue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RevenuesAbstract" xlink:to="us-gaap_CapitalLeasesIncomeStatementDirectFinancingLeaseRevenue" xlink:title="Presentation : us-gaap_RevenuesAbstract to us-gaap_CapitalLeasesIncomeStatementDirectFinancingLeaseRevenue" use="optional" order="40" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="us-gaap_GeneralAndAdministrativeExpense" xlink:title="GeneralAndAdministrativeExpense" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CostsAndExpensesAbstract" xlink:to="us-gaap_GeneralAndAdministrativeExpense" xlink:title="Presentation : us-gaap_CostsAndExpensesAbstract to us-gaap_GeneralAndAdministrativeExpense" use="optional" order="40" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:title="IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:title="Presentation : us-gaap_IncomeStatementAbstract to us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" use="optional" order="40" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InterestIncomeOperating" xlink:label="us-gaap_InterestIncomeOperating" xlink:title="InterestIncomeOperating" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RevenuesAbstract" xlink:to="us-gaap_InterestIncomeOperating" xlink:title="Presentation : us-gaap_RevenuesAbstract to us-gaap_InterestIncomeOperating" use="optional" order="50" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CostsAndExpenses" xlink:label="us-gaap_CostsAndExpenses" xlink:title="CostsAndExpenses" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CostsAndExpensesAbstract" xlink:to="us-gaap_CostsAndExpenses" xlink:title="Presentation : us-gaap_CostsAndExpensesAbstract to us-gaap_CostsAndExpenses" use="optional" order="50" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="us-gaap_IncomeTaxExpenseBenefit" xlink:title="IncomeTaxExpenseBenefit" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeTaxExpenseBenefit" xlink:title="Presentation : us-gaap_IncomeStatementAbstract to us-gaap_IncomeTaxExpenseBenefit" use="optional" order="50" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ManagementFeesRevenue" xlink:label="us-gaap_ManagementFeesRevenue" xlink:title="ManagementFeesRevenue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RevenuesAbstract" xlink:to="us-gaap_ManagementFeesRevenue" xlink:title="Presentation : us-gaap_RevenuesAbstract to us-gaap_ManagementFeesRevenue" use="optional" order="60" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments" xlink:title="IncomeLossFromEquityMethodInvestments" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeLossFromEquityMethodInvestments" xlink:title="Presentation : us-gaap_IncomeStatementAbstract to us-gaap_IncomeLossFromEquityMethodInvestments" use="optional" order="60" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_Revenues" xlink:label="us-gaap_Revenues" xlink:title="Revenues" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RevenuesAbstract" xlink:to="us-gaap_Revenues" xlink:title="Presentation : us-gaap_RevenuesAbstract to us-gaap_Revenues" use="optional" order="70" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:label="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:title="IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:title="Presentation : us-gaap_IncomeStatementAbstract to us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" use="optional" order="70" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract" xlink:title="Presentation : us-gaap_IncomeStatementAbstract to us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract" use="optional" order="80" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProfitLoss" xlink:label="us-gaap_ProfitLoss" xlink:title="ProfitLoss" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_ProfitLoss" xlink:title="Presentation : us-gaap_IncomeStatementAbstract to us-gaap_ProfitLoss" use="optional" order="90" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:title="NetIncomeLossAttributableToNoncontrollingInterest" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:title="Presentation : us-gaap_IncomeStatementAbstract to us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" use="optional" order="100" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss" xlink:title="NetIncomeLoss" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_NetIncomeLoss" xlink:title="Presentation : us-gaap_IncomeStatementAbstract to us-gaap_NetIncomeLoss" use="optional" order="110" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarnings" xlink:label="us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarnings" xlink:title="ParticipatingSecuritiesDistributedAndUndistributedEarnings" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarnings" xlink:title="Presentation : us-gaap_IncomeStatementAbstract to us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarnings" use="optional" order="120" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:title="NetIncomeLossAvailableToCommonStockholdersBasic" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:title="Presentation : us-gaap_IncomeStatementAbstract to us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" use="optional" order="130" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_EarningsPerShareBasicAbstract" xlink:title="Presentation : us-gaap_IncomeStatementAbstract to us-gaap_EarningsPerShareBasicAbstract" use="optional" order="140" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_EarningsPerShareDilutedAbstract" xlink:title="Presentation : us-gaap_IncomeStatementAbstract to us-gaap_EarningsPerShareDilutedAbstract" use="optional" order="150" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:title="Presentation : us-gaap_IncomeStatementAbstract to us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" use="optional" order="160" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared" xlink:label="us-gaap_CommonStockDividendsPerShareDeclared" xlink:title="CommonStockDividendsPerShareDeclared" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_CommonStockDividendsPerShareDeclared" xlink:title="Presentation : us-gaap_IncomeStatementAbstract to us-gaap_CommonStockDividendsPerShareDeclared" use="optional" order="170" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LossContingencyLossInPeriod" xlink:label="us-gaap_LossContingencyLossInPeriod" xlink:title="LossContingencyLossInPeriod" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CostsAndExpensesAbstract" xlink:to="us-gaap_LossContingencyLossInPeriod" xlink:title="Presentation : us-gaap_CostsAndExpensesAbstract to us-gaap_LossContingencyLossInPeriod" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DiscontinuedOperationImpairmentCharge" xlink:label="hcp_DiscontinuedOperationImpairmentCharge" xlink:title="DiscontinuedOperationImpairmentCharge" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract" xlink:to="hcp_DiscontinuedOperationImpairmentCharge" xlink:title="Presentation : us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract to hcp_DiscontinuedOperationImpairmentCharge" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="us-gaap_DividendsPreferredStock" xlink:title="DividendsPreferredStock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_DividendsPreferredStock" xlink:title="Presentation : us-gaap_IncomeStatementAbstract to us-gaap_DividendsPreferredStock" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/StatementOfStockholdersEquity">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="us-gaap_StatementEquityComponentsAxis" xlink:title="StatementEquityComponentsAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="us-gaap_EquityComponentDomain" xlink:title="EquityComponentDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementEquityComponentsAxis" xlink:to="us-gaap_EquityComponentDomain" xlink:title="Presentation : us-gaap_StatementEquityComponentsAxis to us-gaap_EquityComponentDomain" use="optional" order="10" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ParentMember" xlink:label="us-gaap_ParentMember" xlink:title="ParentMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityComponentDomain" xlink:to="us-gaap_ParentMember" xlink:title="Presentation : us-gaap_EquityComponentDomain to us-gaap_ParentMember" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CommonStockMember" xlink:label="us-gaap_CommonStockMember" xlink:title="CommonStockMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ParentMember" xlink:to="us-gaap_CommonStockMember" xlink:title="Presentation : us-gaap_ParentMember to us-gaap_CommonStockMember" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementLineItems" xlink:label="us-gaap_StatementLineItems" xlink:title="StatementLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:label="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:title="IncreaseDecreaseInStockholdersEquityRollForward" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:title="Presentation : us-gaap_StatementLineItems to us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:title="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:title="Presentation : us-gaap_IncreaseDecreaseInStockholdersEquityRollForward to us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:title="StockIssuedDuringPeriodValueNewIssues" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:title="StockIssuedDuringPeriodSharesNewIssues" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:title="Presentation : us-gaap_StockIssuedDuringPeriodValueNewIssues to us-gaap_StockIssuedDuringPeriodSharesNewIssues" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodValue" xlink:label="us-gaap_StockRepurchasedDuringPeriodValue" xlink:title="StockRepurchasedDuringPeriodValue" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodShares" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares" xlink:title="StockRepurchasedDuringPeriodShares" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StockRepurchasedDuringPeriodValue" xlink:to="us-gaap_StockRepurchasedDuringPeriodShares" xlink:title="Presentation : us-gaap_StockRepurchasedDuringPeriodValue to us-gaap_StockRepurchasedDuringPeriodShares" use="optional" order="10" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:label="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:title="StockIssuedDuringPeriodValueStockOptionsExercised" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:title="StockIssuedDuringPeriodSharesStockOptionsExercised" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:to="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:title="Presentation : us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised to us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable" xlink:title="StatementTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementEquityComponentsAxis" xlink:title="Presentation : us-gaap_StatementTable to us-gaap_StatementEquityComponentsAxis" use="optional" order="10" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract" xlink:title="StatementOfStockholdersEquityAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfStockholdersEquityAbstract" xlink:to="us-gaap_StatementTable" xlink:title="Presentation : us-gaap_StatementOfStockholdersEquityAbstract to us-gaap_StatementTable" use="optional" order="10" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NoncontrollingInterestMember" xlink:label="us-gaap_NoncontrollingInterestMember" xlink:title="NoncontrollingInterestMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityComponentDomain" xlink:to="us-gaap_NoncontrollingInterestMember" xlink:title="Presentation : us-gaap_EquityComponentDomain to us-gaap_NoncontrollingInterestMember" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="us-gaap_AdditionalPaidInCapitalMember" xlink:title="AdditionalPaidInCapitalMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ParentMember" xlink:to="us-gaap_AdditionalPaidInCapitalMember" xlink:title="Presentation : us-gaap_ParentMember to us-gaap_AdditionalPaidInCapitalMember" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementLineItems" xlink:title="Presentation : us-gaap_StatementTable to us-gaap_StatementLineItems" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SharesIssued" xlink:label="us-gaap_SharesIssued" xlink:title="SharesIssued" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="us-gaap_SharesIssued" xlink:title="Presentation : us-gaap_IncreaseDecreaseInStockholdersEquityRollForward to us-gaap_SharesIssued" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember" xlink:label="us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember" xlink:title="AccumulatedDistributionsInExcessOfNetIncomeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ParentMember" xlink:to="us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember" xlink:title="Presentation : us-gaap_ParentMember to us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember" use="optional" order="30" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProfitLoss" xlink:label="us-gaap_ProfitLoss" xlink:title="ProfitLoss" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="us-gaap_ProfitLoss" xlink:title="Presentation : us-gaap_IncreaseDecreaseInStockholdersEquityRollForward to us-gaap_ProfitLoss" use="optional" order="30" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:title="AccumulatedOtherComprehensiveIncomeMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ParentMember" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:title="Presentation : us-gaap_ParentMember to us-gaap_AccumulatedOtherComprehensiveIncomeMember" use="optional" order="40" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:title="OtherComprehensiveIncomeLossNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:title="Presentation : us-gaap_IncreaseDecreaseInStockholdersEquityRollForward to us-gaap_OtherComprehensiveIncomeLossNetOfTax" use="optional" order="40" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:title="Presentation : us-gaap_IncreaseDecreaseInStockholdersEquityRollForward to us-gaap_StockIssuedDuringPeriodValueNewIssues" use="optional" order="50" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="us-gaap_StockRepurchasedDuringPeriodValue" xlink:title="Presentation : us-gaap_IncreaseDecreaseInStockholdersEquityRollForward to us-gaap_StockRepurchasedDuringPeriodValue" use="optional" order="60" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:title="Presentation : us-gaap_IncreaseDecreaseInStockholdersEquityRollForward to us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" use="optional" order="70" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:title="AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:title="Presentation : us-gaap_IncreaseDecreaseInStockholdersEquityRollForward to us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" use="optional" order="80" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DividendsCommonStock" xlink:label="us-gaap_DividendsCommonStock" xlink:title="DividendsCommonStock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="us-gaap_DividendsCommonStock" xlink:title="Presentation : us-gaap_IncreaseDecreaseInStockholdersEquityRollForward to us-gaap_DividendsCommonStock" use="optional" order="90" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:label="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:title="MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:title="Presentation : us-gaap_IncreaseDecreaseInStockholdersEquityRollForward to us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" use="optional" order="100" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:label="us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:title="NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:title="Presentation : us-gaap_IncreaseDecreaseInStockholdersEquityRollForward to us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" use="optional" order="110" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MinorityInterestDecreaseFromRedemptions" xlink:label="us-gaap_MinorityInterestDecreaseFromRedemptions" xlink:title="MinorityInterestDecreaseFromRedemptions" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="us-gaap_MinorityInterestDecreaseFromRedemptions" xlink:title="Presentation : us-gaap_IncreaseDecreaseInStockholdersEquityRollForward to us-gaap_MinorityInterestDecreaseFromRedemptions" use="optional" order="120" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_1" xlink:title="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_1" xlink:title="Presentation : us-gaap_IncreaseDecreaseInStockholdersEquityRollForward to us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" use="optional" order="130" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SharesIssued" xlink:label="SharesIssued_2" xlink:title="SharesIssued_2" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="SharesIssued_2" xlink:title="Presentation : us-gaap_IncreaseDecreaseInStockholdersEquityRollForward to us-gaap_SharesIssued" use="optional" order="140" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PreferredStockMember" xlink:label="us-gaap_PreferredStockMember" xlink:title="PreferredStockMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ParentMember" xlink:to="us-gaap_PreferredStockMember" xlink:title="Presentation : us-gaap_ParentMember to us-gaap_PreferredStockMember" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StockholdersEquityOther" xlink:label="us-gaap_StockholdersEquityOther" xlink:title="StockholdersEquityOther" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="us-gaap_StockholdersEquityOther" xlink:title="Presentation : us-gaap_IncreaseDecreaseInStockholdersEquityRollForward to us-gaap_StockholdersEquityOther" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StockRedeemedOrCalledDuringPeriodValue" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodValue" xlink:title="StockRedeemedOrCalledDuringPeriodValue" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StockRedeemedOrCalledDuringPeriodShares" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodShares" xlink:title="StockRedeemedOrCalledDuringPeriodShares" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StockRedeemedOrCalledDuringPeriodValue" xlink:to="us-gaap_StockRedeemedOrCalledDuringPeriodShares" xlink:title="Presentation : us-gaap_StockRedeemedOrCalledDuringPeriodValue to us-gaap_StockRedeemedOrCalledDuringPeriodShares" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="us-gaap_StockRedeemedOrCalledDuringPeriodValue" xlink:title="Presentation : us-gaap_IncreaseDecreaseInStockholdersEquityRollForward to us-gaap_StockRedeemedOrCalledDuringPeriodValue" use="optional" order="8010" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DividendsPreferredStockCash" xlink:label="us-gaap_DividendsPreferredStockCash" xlink:title="DividendsPreferredStockCash" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="us-gaap_DividendsPreferredStockCash" xlink:title="Presentation : us-gaap_IncreaseDecreaseInStockholdersEquityRollForward to us-gaap_DividendsPreferredStockCash" use="optional" order="8020" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:label="us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:title="NoncontrollingInterestIncreaseFromBusinessCombination" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:title="Presentation : us-gaap_IncreaseDecreaseInStockholdersEquityRollForward to us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination" use="optional" order="8030" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureImpairments">
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_ImpairmentsDisclosureAbstract" xlink:label="hcp_ImpairmentsDisclosureAbstract" xlink:title="ImpairmentsDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AssetImpairmentChargesTextBlock" xlink:label="us-gaap_AssetImpairmentChargesTextBlock" xlink:title="AssetImpairmentChargesTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_ImpairmentsDisclosureAbstract" xlink:to="us-gaap_AssetImpairmentChargesTextBlock" xlink:title="Presentation : hcp_ImpairmentsDisclosureAbstract to us-gaap_AssetImpairmentChargesTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/BalanceSheetParenthetical">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_LegalEntityAxis" xlink:label="dei_LegalEntityAxis" xlink:title="LegalEntityAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_EntityDomain" xlink:label="dei_EntityDomain" xlink:title="EntityDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_LegalEntityAxis" xlink:to="dei_EntityDomain" xlink:title="Presentation : dei_LegalEntityAxis to dei_EntityDomain" use="optional" order="10" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:title="VariableInterestEntityPrimaryBeneficiaryMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_EntityDomain" xlink:to="us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:title="Presentation : dei_EntityDomain to us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementLineItems" xlink:label="us-gaap_StatementLineItems" xlink:title="StatementLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherAssets" xlink:label="us-gaap_OtherAssets" xlink:title="OtherAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_OtherAssets" xlink:title="Presentation : us-gaap_StatementLineItems to us-gaap_OtherAssets" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable" xlink:title="StatementTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementTable" xlink:to="dei_LegalEntityAxis" xlink:title="Presentation : us-gaap_StatementTable to dei_LegalEntityAxis" use="optional" order="10" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="us-gaap_StatementOfFinancialPositionAbstract" xlink:title="StatementOfFinancialPositionAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_StatementTable" xlink:title="Presentation : us-gaap_StatementOfFinancialPositionAbstract to us-gaap_StatementTable" use="optional" order="10" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementLineItems" xlink:title="Presentation : us-gaap_StatementTable to us-gaap_StatementLineItems" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:title="AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:title="Presentation : us-gaap_StatementLineItems to us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables" xlink:label="us-gaap_AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables" xlink:title="AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables" xlink:title="Presentation : us-gaap_StatementOfFinancialPositionAbstract to us-gaap_AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare" xlink:title="CommonStockParOrStatedValuePerShare" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_CommonStockParOrStatedValuePerShare" xlink:title="Presentation : us-gaap_StatementOfFinancialPositionAbstract to us-gaap_CommonStockParOrStatedValuePerShare" use="optional" order="30" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="us-gaap_CommonStockSharesAuthorized" xlink:title="CommonStockSharesAuthorized" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_CommonStockSharesAuthorized" xlink:title="Presentation : us-gaap_StatementOfFinancialPositionAbstract to us-gaap_CommonStockSharesAuthorized" use="optional" order="40" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="us-gaap_CommonStockSharesIssued" xlink:title="CommonStockSharesIssued" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_CommonStockSharesIssued" xlink:title="Presentation : us-gaap_StatementOfFinancialPositionAbstract to us-gaap_CommonStockSharesIssued" use="optional" order="50" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="us-gaap_CommonStockSharesOutstanding" xlink:title="CommonStockSharesOutstanding" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_CommonStockSharesOutstanding" xlink:title="Presentation : us-gaap_StatementOfFinancialPositionAbstract to us-gaap_CommonStockSharesOutstanding" use="optional" order="60" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare" xlink:title="PreferredStockParOrStatedValuePerShare" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_PreferredStockParOrStatedValuePerShare" xlink:title="Presentation : us-gaap_StatementOfFinancialPositionAbstract to us-gaap_PreferredStockParOrStatedValuePerShare" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PreferredStockLiquidationPreferenceValue" xlink:label="us-gaap_PreferredStockLiquidationPreferenceValue" xlink:title="PreferredStockLiquidationPreferenceValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_PreferredStockLiquidationPreferenceValue" xlink:title="Presentation : us-gaap_StatementOfFinancialPositionAbstract to us-gaap_PreferredStockLiquidationPreferenceValue" use="optional" order="8010" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/StatementOfStockholdersEquityParenthetical">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract" xlink:title="StatementOfStockholdersEquityAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared" xlink:label="us-gaap_CommonStockDividendsPerShareDeclared" xlink:title="CommonStockDividendsPerShareDeclared" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfStockholdersEquityAbstract" xlink:to="us-gaap_CommonStockDividendsPerShareDeclared" xlink:title="Presentation : us-gaap_StatementOfStockholdersEquityAbstract to us-gaap_CommonStockDividendsPerShareDeclared" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureBusiness">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:title="OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NatureOfOperations" xlink:label="us-gaap_NatureOfOperations" xlink:title="NatureOfOperations" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:to="us-gaap_NatureOfOperations" xlink:title="Presentation : us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract to us-gaap_NatureOfOperations" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureSummaryOfSignificantAccountingPolicies">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="us-gaap_AccountingPoliciesAbstract" xlink:title="AccountingPoliciesAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock" xlink:title="SignificantAccountingPoliciesTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_SignificantAccountingPoliciesTextBlock" xlink:title="Presentation : us-gaap_AccountingPoliciesAbstract to us-gaap_SignificantAccountingPoliciesTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureRealEstatePropertyInvestments">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAbstract" xlink:label="us-gaap_RealEstateAbstract" xlink:title="RealEstateAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_AcquisitionsOfRealEstatePropertiesDisclosureTextBlock" xlink:label="hcp_AcquisitionsOfRealEstatePropertiesDisclosureTextBlock" xlink:title="AcquisitionsOfRealEstatePropertiesDisclosureTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAbstract" xlink:to="hcp_AcquisitionsOfRealEstatePropertiesDisclosureTextBlock" xlink:title="Presentation : us-gaap_RealEstateAbstract to hcp_AcquisitionsOfRealEstatePropertiesDisclosureTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureDispositionsOfRealEstateAndDiscontinuedOperations">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:label="us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:title="DiscontinuedOperationsAndDisposalGroupsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:label="us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:title="DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:to="us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:title="Presentation : us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract to us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureNetInvestmentInDirectFinancingLeases">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LeasesCapitalAbstract" xlink:label="us-gaap_LeasesCapitalAbstract" xlink:title="LeasesCapitalAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CapitalLeasesInFinancialStatementsOfLessorDisclosureTextBlock" xlink:label="us-gaap_CapitalLeasesInFinancialStatementsOfLessorDisclosureTextBlock" xlink:title="CapitalLeasesInFinancialStatementsOfLessorDisclosureTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LeasesCapitalAbstract" xlink:to="us-gaap_CapitalLeasesInFinancialStatementsOfLessorDisclosureTextBlock" xlink:title="Presentation : us-gaap_LeasesCapitalAbstract to us-gaap_CapitalLeasesInFinancialStatementsOfLessorDisclosureTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureLoansReceivable">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ReceivablesAbstract" xlink:label="us-gaap_ReceivablesAbstract" xlink:title="ReceivablesAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:label="us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:title="LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ReceivablesAbstract" xlink:to="us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:title="Presentation : us-gaap_ReceivablesAbstract to us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureInvestmentsInAndAdvancesToUnconsolidatedJointVentures">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:label="us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:title="EquityMethodInvestmentsAndJointVenturesAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityMethodInvestmentsDisclosureTextBlock" xlink:label="us-gaap_EquityMethodInvestmentsDisclosureTextBlock" xlink:title="EquityMethodInvestmentsDisclosureTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:to="us-gaap_EquityMethodInvestmentsDisclosureTextBlock" xlink:title="Presentation : us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract to us-gaap_EquityMethodInvestmentsDisclosureTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureIntangibles">
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_IntangiblesDisclosureAbstract" xlink:label="hcp_IntangiblesDisclosureAbstract" xlink:title="IntangiblesDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_IntangibleAssetsAndLiabilitiesDisclosureTextBlock" xlink:label="hcp_IntangibleAssetsAndLiabilitiesDisclosureTextBlock" xlink:title="IntangibleAssetsAndLiabilitiesDisclosureTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_IntangiblesDisclosureAbstract" xlink:to="hcp_IntangibleAssetsAndLiabilitiesDisclosureTextBlock" xlink:title="Presentation : hcp_IntangiblesDisclosureAbstract to hcp_IntangibleAssetsAndLiabilitiesDisclosureTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureOtherAssets">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherAssetsAbstract" xlink:label="us-gaap_OtherAssetsAbstract" xlink:title="OtherAssetsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherAssetsDisclosureTextBlock" xlink:label="us-gaap_OtherAssetsDisclosureTextBlock" xlink:title="OtherAssetsDisclosureTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherAssetsAbstract" xlink:to="us-gaap_OtherAssetsDisclosureTextBlock" xlink:title="Presentation : us-gaap_OtherAssetsAbstract to us-gaap_OtherAssetsDisclosureTextBlock" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureDebt">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="us-gaap_DebtDisclosureAbstract" xlink:title="DebtDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtDisclosureTextBlock" xlink:label="us-gaap_DebtDisclosureTextBlock" xlink:title="DebtDisclosureTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DebtDisclosureAbstract" xlink:to="us-gaap_DebtDisclosureTextBlock" xlink:title="Presentation : us-gaap_DebtDisclosureAbstract to us-gaap_DebtDisclosureTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureCommitmentsAndContingencies">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:title="CommitmentsAndContingenciesDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:title="CommitmentsAndContingenciesDisclosureTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:title="Presentation : us-gaap_CommitmentsAndContingenciesDisclosureAbstract to us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureEquity">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityAbstract" xlink:label="us-gaap_EquityAbstract" xlink:title="EquityAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:title="StockholdersEquityNoteDisclosureTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EquityAbstract" xlink:to="us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:title="Presentation : us-gaap_EquityAbstract to us-gaap_StockholdersEquityNoteDisclosureTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureSegmentDisclosures">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentReportingAbstract" xlink:label="us-gaap_SegmentReportingAbstract" xlink:title="SegmentReportingAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentReportingDisclosureTextBlock" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock" xlink:title="SegmentReportingDisclosureTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingAbstract" xlink:to="us-gaap_SegmentReportingDisclosureTextBlock" xlink:title="Presentation : us-gaap_SegmentReportingAbstract to us-gaap_SegmentReportingDisclosureTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureDerivativeFinancialInstruments">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:title="DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:title="DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:to="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:title="Presentation : us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract to us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureSupplementalCashFlowInformation">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SupplementalCashFlowElementsAbstract" xlink:label="us-gaap_SupplementalCashFlowElementsAbstract" xlink:title="SupplementalCashFlowElementsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CashFlowSupplementalDisclosuresTextBlock" xlink:label="us-gaap_CashFlowSupplementalDisclosuresTextBlock" xlink:title="CashFlowSupplementalDisclosuresTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SupplementalCashFlowElementsAbstract" xlink:to="us-gaap_CashFlowSupplementalDisclosuresTextBlock" xlink:title="Presentation : us-gaap_SupplementalCashFlowElementsAbstract to us-gaap_CashFlowSupplementalDisclosuresTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureEarningsPerCommonShare">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="us-gaap_EarningsPerShareAbstract" xlink:title="EarningsPerShareAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="us-gaap_EarningsPerShareTextBlock" xlink:title="EarningsPerShareTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_EarningsPerShareAbstract" xlink:to="us-gaap_EarningsPerShareTextBlock" xlink:title="Presentation : us-gaap_EarningsPerShareAbstract to us-gaap_EarningsPerShareTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureFairValueMeasurements">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="us-gaap_FairValueDisclosuresAbstract" xlink:title="FairValueDisclosuresAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock" xlink:label="us-gaap_FairValueDisclosuresTextBlock" xlink:title="FairValueDisclosuresTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueDisclosuresAbstract" xlink:to="us-gaap_FairValueDisclosuresTextBlock" xlink:title="Presentation : us-gaap_FairValueDisclosuresAbstract to us-gaap_FairValueDisclosuresTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureDisclosuresAboutFairValueOfFinancialInstruments">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FinancialInstrumentsOwnedAtFairValueAbstract" xlink:label="us-gaap_FinancialInstrumentsOwnedAtFairValueAbstract" xlink:title="FinancialInstrumentsOwnedAtFairValueAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FinancialInstrumentsDisclosureTextBlock" xlink:label="us-gaap_FinancialInstrumentsDisclosureTextBlock" xlink:title="FinancialInstrumentsDisclosureTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FinancialInstrumentsOwnedAtFairValueAbstract" xlink:to="us-gaap_FinancialInstrumentsDisclosureTextBlock" xlink:title="Presentation : us-gaap_FinancialInstrumentsOwnedAtFairValueAbstract to us-gaap_FinancialInstrumentsDisclosureTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DocumentAndEntityInformation">
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_DocumentEntityInformationAbstract" xlink:label="hcp_DocumentEntityInformationAbstract" xlink:title="DocumentEntityInformationAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" xlink:title="EntityRegistrantName" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_DocumentEntityInformationAbstract" xlink:to="dei_EntityRegistrantName" xlink:title="Presentation : hcp_DocumentEntityInformationAbstract to dei_EntityRegistrantName" use="optional" order="10" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" xlink:title="EntityCentralIndexKey" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_DocumentEntityInformationAbstract" xlink:to="dei_EntityCentralIndexKey" xlink:title="Presentation : hcp_DocumentEntityInformationAbstract to dei_EntityCentralIndexKey" use="optional" order="20" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_DocumentType" xlink:label="dei_DocumentType" xlink:title="DocumentType" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_DocumentEntityInformationAbstract" xlink:to="dei_DocumentType" xlink:title="Presentation : hcp_DocumentEntityInformationAbstract to dei_DocumentType" use="optional" order="30" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" xlink:title="DocumentPeriodEndDate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_DocumentEntityInformationAbstract" xlink:to="dei_DocumentPeriodEndDate" xlink:title="Presentation : hcp_DocumentEntityInformationAbstract to dei_DocumentPeriodEndDate" use="optional" order="40" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" xlink:title="AmendmentFlag" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_DocumentEntityInformationAbstract" xlink:to="dei_AmendmentFlag" xlink:title="Presentation : hcp_DocumentEntityInformationAbstract to dei_AmendmentFlag" use="optional" order="50" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_AmendmentDescription" xlink:label="dei_AmendmentDescription" xlink:title="AmendmentDescription" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_DocumentEntityInformationAbstract" xlink:to="dei_AmendmentDescription" xlink:title="Presentation : hcp_DocumentEntityInformationAbstract to dei_AmendmentDescription" use="optional" order="60" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" xlink:title="CurrentFiscalYearEndDate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_DocumentEntityInformationAbstract" xlink:to="dei_CurrentFiscalYearEndDate" xlink:title="Presentation : hcp_DocumentEntityInformationAbstract to dei_CurrentFiscalYearEndDate" use="optional" order="70" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" xlink:title="EntityWellKnownSeasonedIssuer" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_DocumentEntityInformationAbstract" xlink:to="dei_EntityWellKnownSeasonedIssuer" xlink:title="Presentation : hcp_DocumentEntityInformationAbstract to dei_EntityWellKnownSeasonedIssuer" use="optional" order="80" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" xlink:title="EntityVoluntaryFilers" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_DocumentEntityInformationAbstract" xlink:to="dei_EntityVoluntaryFilers" xlink:title="Presentation : hcp_DocumentEntityInformationAbstract to dei_EntityVoluntaryFilers" use="optional" order="90" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" xlink:title="EntityCurrentReportingStatus" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_DocumentEntityInformationAbstract" xlink:to="dei_EntityCurrentReportingStatus" xlink:title="Presentation : hcp_DocumentEntityInformationAbstract to dei_EntityCurrentReportingStatus" use="optional" order="100" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" xlink:title="EntityFilerCategory" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_DocumentEntityInformationAbstract" xlink:to="dei_EntityFilerCategory" xlink:title="Presentation : hcp_DocumentEntityInformationAbstract to dei_EntityFilerCategory" use="optional" order="110" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_EntityPublicFloat" xlink:label="dei_EntityPublicFloat" xlink:title="EntityPublicFloat" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_DocumentEntityInformationAbstract" xlink:to="dei_EntityPublicFloat" xlink:title="Presentation : hcp_DocumentEntityInformationAbstract to dei_EntityPublicFloat" use="optional" order="120" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" xlink:title="EntityCommonStockSharesOutstanding" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_DocumentEntityInformationAbstract" xlink:to="dei_EntityCommonStockSharesOutstanding" xlink:title="Presentation : hcp_DocumentEntityInformationAbstract to dei_EntityCommonStockSharesOutstanding" use="optional" order="130" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" xlink:title="DocumentFiscalYearFocus" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_DocumentEntityInformationAbstract" xlink:to="dei_DocumentFiscalYearFocus" xlink:title="Presentation : hcp_DocumentEntityInformationAbstract to dei_DocumentFiscalYearFocus" use="optional" order="140" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" xlink:title="DocumentFiscalPeriodFocus" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_DocumentEntityInformationAbstract" xlink:to="dei_DocumentFiscalPeriodFocus" xlink:title="Presentation : hcp_DocumentEntityInformationAbstract to dei_DocumentFiscalPeriodFocus" use="optional" order="150" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureVariableInterestEntities">
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_VariableInterestEntitiesDisclosureAbstract" xlink:label="hcp_VariableInterestEntitiesDisclosureAbstract" xlink:title="VariableInterestEntitiesDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="hcp-20140630.xsd#hcp_VariableInterestEntitiesTextBlock" xlink:label="hcp_VariableInterestEntitiesTextBlock" xlink:title="VariableInterestEntitiesTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="hcp_VariableInterestEntitiesDisclosureAbstract" xlink:to="hcp_VariableInterestEntitiesTextBlock" xlink:title="Presentation : hcp_VariableInterestEntitiesDisclosureAbstract to hcp_VariableInterestEntitiesTextBlock" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/BalanceSheet">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="us-gaap_StatementOfFinancialPositionAbstract" xlink:title="StatementOfFinancialPositionAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="us-gaap_AssetsAbstract" xlink:title="AssetsAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_AssetsAbstract" xlink:title="Presentation : us-gaap_StatementOfFinancialPositionAbstract to us-gaap_AssetsAbstract" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNetAbstract" xlink:label="us-gaap_RealEstateInvestmentPropertyNetAbstract" xlink:title="RealEstateInvestmentPropertyNetAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_RealEstateInvestmentPropertyNetAbstract" xlink:title="Presentation : us-gaap_AssetsAbstract to us-gaap_RealEstateInvestmentPropertyNetAbstract" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InvestmentBuildingAndBuildingImprovements" xlink:label="us-gaap_InvestmentBuildingAndBuildingImprovements" xlink:title="InvestmentBuildingAndBuildingImprovements" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateInvestmentPropertyNetAbstract" xlink:to="us-gaap_InvestmentBuildingAndBuildingImprovements" xlink:title="Presentation : us-gaap_RealEstateInvestmentPropertyNetAbstract to us-gaap_InvestmentBuildingAndBuildingImprovements" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:title="LiabilitiesAndStockholdersEquityAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LineOfCredit" xlink:label="us-gaap_LineOfCredit" xlink:title="LineOfCredit" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_LineOfCredit" xlink:title="Presentation : us-gaap_LiabilitiesAndStockholdersEquityAbstract to us-gaap_LineOfCredit" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LoansPayableToBank" xlink:label="us-gaap_LoansPayableToBank" xlink:title="LoansPayableToBank" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_LoansPayableToBank" xlink:title="Presentation : us-gaap_LiabilitiesAndStockholdersEquityAbstract to us-gaap_LoansPayableToBank" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DevelopmentInProcess" xlink:label="us-gaap_DevelopmentInProcess" xlink:title="DevelopmentInProcess" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateInvestmentPropertyNetAbstract" xlink:to="us-gaap_DevelopmentInProcess" xlink:title="Presentation : us-gaap_RealEstateInvestmentPropertyNetAbstract to us-gaap_DevelopmentInProcess" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NetInvestmentInDirectFinancingAndSalesTypeLeases" xlink:label="us-gaap_NetInvestmentInDirectFinancingAndSalesTypeLeases" xlink:title="NetInvestmentInDirectFinancingAndSalesTypeLeases" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_NetInvestmentInDirectFinancingAndSalesTypeLeases" xlink:title="Presentation : us-gaap_AssetsAbstract to us-gaap_NetInvestmentInDirectFinancingAndSalesTypeLeases" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:title="Presentation : us-gaap_StatementOfFinancialPositionAbstract to us-gaap_LiabilitiesAndStockholdersEquityAbstract" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_UnsecuredDebt" xlink:label="us-gaap_UnsecuredDebt" xlink:title="UnsecuredDebt" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_UnsecuredDebt" xlink:title="Presentation : us-gaap_LiabilitiesAndStockholdersEquityAbstract to us-gaap_UnsecuredDebt" use="optional" order="30" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_Land" xlink:label="us-gaap_Land" xlink:title="Land" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateInvestmentPropertyNetAbstract" xlink:to="us-gaap_Land" xlink:title="Presentation : us-gaap_RealEstateInvestmentPropertyNetAbstract to us-gaap_Land" use="optional" order="30" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LoansAndLeasesReceivableNetReportedAmount" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmount" xlink:title="LoansAndLeasesReceivableNetReportedAmount" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_LoansAndLeasesReceivableNetReportedAmount" xlink:title="Presentation : us-gaap_AssetsAbstract to us-gaap_LoansAndLeasesReceivableNetReportedAmount" use="optional" order="30" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SecuredDebt" xlink:label="us-gaap_SecuredDebt" xlink:title="SecuredDebt" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_SecuredDebt" xlink:title="Presentation : us-gaap_LiabilitiesAndStockholdersEquityAbstract to us-gaap_SecuredDebt" use="optional" order="40" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation" xlink:label="us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation" xlink:title="RealEstateInvestmentPropertyAccumulatedDepreciation" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateInvestmentPropertyNetAbstract" xlink:to="us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation" xlink:title="Presentation : us-gaap_RealEstateInvestmentPropertyNetAbstract to us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation" use="optional" order="40" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:title="InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:title="Presentation : us-gaap_AssetsAbstract to us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" use="optional" order="40" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherBorrowings" xlink:label="us-gaap_OtherBorrowings" xlink:title="OtherBorrowings" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_OtherBorrowings" xlink:title="Presentation : us-gaap_LiabilitiesAndStockholdersEquityAbstract to us-gaap_OtherBorrowings" use="optional" order="50" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNet" xlink:label="us-gaap_RealEstateInvestmentPropertyNet" xlink:title="RealEstateInvestmentPropertyNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateInvestmentPropertyNetAbstract" xlink:to="us-gaap_RealEstateInvestmentPropertyNet" xlink:title="Presentation : us-gaap_RealEstateInvestmentPropertyNetAbstract to us-gaap_RealEstateInvestmentPropertyNet" use="optional" order="50" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccountsReceivableNet" xlink:label="us-gaap_AccountsReceivableNet" xlink:title="AccountsReceivableNet" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_AccountsReceivableNet" xlink:title="Presentation : us-gaap_AssetsAbstract to us-gaap_AccountsReceivableNet" use="optional" order="50" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OffMarketLeaseUnfavorable" xlink:label="us-gaap_OffMarketLeaseUnfavorable" xlink:title="OffMarketLeaseUnfavorable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_OffMarketLeaseUnfavorable" xlink:title="Presentation : us-gaap_LiabilitiesAndStockholdersEquityAbstract to us-gaap_OffMarketLeaseUnfavorable" use="optional" order="60" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:title="CashAndCashEquivalentsAtCarryingValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:title="Presentation : us-gaap_AssetsAbstract to us-gaap_CashAndCashEquivalentsAtCarryingValue" use="optional" order="60" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:title="AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:title="Presentation : us-gaap_LiabilitiesAndStockholdersEquityAbstract to us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" use="optional" order="70" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:title="RestrictedCashAndCashEquivalentsAtCarryingValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:title="Presentation : us-gaap_AssetsAbstract to us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue" use="optional" order="70" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DeferredRevenue" xlink:label="us-gaap_DeferredRevenue" xlink:title="DeferredRevenue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_DeferredRevenue" xlink:title="Presentation : us-gaap_LiabilitiesAndStockholdersEquityAbstract to us-gaap_DeferredRevenue" use="optional" order="80" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:title="IntangibleAssetsNetExcludingGoodwill" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:title="Presentation : us-gaap_AssetsAbstract to us-gaap_IntangibleAssetsNetExcludingGoodwill" use="optional" order="80" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_Liabilities" xlink:label="us-gaap_Liabilities" xlink:title="Liabilities" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_Liabilities" xlink:title="Presentation : us-gaap_LiabilitiesAndStockholdersEquityAbstract to us-gaap_Liabilities" use="optional" order="90" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AssetsHeldForSaleAtCarryingValue" xlink:label="us-gaap_AssetsHeldForSaleAtCarryingValue" xlink:title="AssetsHeldForSaleAtCarryingValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_AssetsHeldForSaleAtCarryingValue" xlink:title="Presentation : us-gaap_AssetsAbstract to us-gaap_AssetsHeldForSaleAtCarryingValue" use="optional" order="90" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="us-gaap_CommitmentsAndContingencies" xlink:title="CommitmentsAndContingencies" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_CommitmentsAndContingencies" xlink:title="Presentation : us-gaap_LiabilitiesAndStockholdersEquityAbstract to us-gaap_CommitmentsAndContingencies" use="optional" order="100" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherAssets" xlink:label="us-gaap_OtherAssets" xlink:title="OtherAssets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_OtherAssets" xlink:title="Presentation : us-gaap_AssetsAbstract to us-gaap_OtherAssets" use="optional" order="100" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CommonStockValue" xlink:label="us-gaap_CommonStockValue" xlink:title="CommonStockValue" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_CommonStockValue" xlink:title="Presentation : us-gaap_LiabilitiesAndStockholdersEquityAbstract to us-gaap_CommonStockValue" use="optional" order="110" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets" xlink:title="Assets" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_Assets" xlink:title="Presentation : us-gaap_AssetsAbstract to us-gaap_Assets" use="optional" order="110" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="us-gaap_AdditionalPaidInCapital" xlink:title="AdditionalPaidInCapital" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_AdditionalPaidInCapital" xlink:title="Presentation : us-gaap_LiabilitiesAndStockholdersEquityAbstract to us-gaap_AdditionalPaidInCapital" use="optional" order="120" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccumulatedDistributionsInExcessOfNetIncome" xlink:label="us-gaap_AccumulatedDistributionsInExcessOfNetIncome" xlink:title="AccumulatedDistributionsInExcessOfNetIncome" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_AccumulatedDistributionsInExcessOfNetIncome" xlink:title="Presentation : us-gaap_LiabilitiesAndStockholdersEquityAbstract to us-gaap_AccumulatedDistributionsInExcessOfNetIncome" use="optional" order="130" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:title="AccumulatedOtherComprehensiveIncomeLossNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:title="Presentation : us-gaap_LiabilitiesAndStockholdersEquityAbstract to us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" use="optional" order="140" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="us-gaap_StockholdersEquity" xlink:title="StockholdersEquity" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_StockholdersEquity" xlink:title="Presentation : us-gaap_LiabilitiesAndStockholdersEquityAbstract to us-gaap_StockholdersEquity" use="optional" order="150" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MinorityInterestInJointVentures" xlink:label="us-gaap_MinorityInterestInJointVentures" xlink:title="MinorityInterestInJointVentures" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_MinorityInterestInJointVentures" xlink:title="Presentation : us-gaap_LiabilitiesAndStockholdersEquityAbstract to us-gaap_MinorityInterestInJointVentures" use="optional" order="160" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MinorityInterestInPreferredUnitHolders" xlink:label="us-gaap_MinorityInterestInPreferredUnitHolders" xlink:title="MinorityInterestInPreferredUnitHolders" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_MinorityInterestInPreferredUnitHolders" xlink:title="Presentation : us-gaap_LiabilitiesAndStockholdersEquityAbstract to us-gaap_MinorityInterestInPreferredUnitHolders" use="optional" order="170" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MinorityInterest" xlink:label="us-gaap_MinorityInterest" xlink:title="MinorityInterest" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_MinorityInterest" xlink:title="Presentation : us-gaap_LiabilitiesAndStockholdersEquityAbstract to us-gaap_MinorityInterest" use="optional" order="180" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:title="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:title="Presentation : us-gaap_LiabilitiesAndStockholdersEquityAbstract to us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" use="optional" order="190" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity" xlink:title="LiabilitiesAndStockholdersEquity" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity" xlink:title="Presentation : us-gaap_LiabilitiesAndStockholdersEquityAbstract to us-gaap_LiabilitiesAndStockholdersEquity" use="optional" order="200" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation" xlink:label="us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation" xlink:title="LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation" xlink:title="Presentation : us-gaap_LiabilitiesAndStockholdersEquityAbstract to us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation" use="optional" order="8000" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureMergersAndAcquisition">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationsAbstract" xlink:label="us-gaap_BusinessCombinationsAbstract" xlink:title="BusinessCombinationsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_BusinessCombinationDisclosureTextBlock" xlink:label="us-gaap_BusinessCombinationDisclosureTextBlock" xlink:title="BusinessCombinationDisclosureTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationsAbstract" xlink:to="us-gaap_BusinessCombinationDisclosureTextBlock" xlink:title="Presentation : us-gaap_BusinessCombinationsAbstract to us-gaap_BusinessCombinationDisclosureTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/StatementOfComprehensiveIncome">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:title="StatementOfIncomeAndComprehensiveIncomeAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProfitLoss" xlink:label="us-gaap_ProfitLoss" xlink:title="ProfitLoss" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:to="us-gaap_ProfitLoss" xlink:title="Presentation : us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract to us-gaap_ProfitLoss" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:title="OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:title="OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:to="us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:title="Presentation : us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract to us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:title="OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:to="us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:title="Presentation : us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract to us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:title="OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax" xlink:title="OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:to="us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax" xlink:title="Presentation : us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract to us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:title="Presentation : us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract to us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:title="OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:to="us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:title="Presentation : us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract to us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" order="20" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:to="us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:title="Presentation : us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract to us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract" use="optional" order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax" xlink:title="OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:to="us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax" xlink:title="Presentation : us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract to us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax" order="20" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax" xlink:title="OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:to="us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax" xlink:title="Presentation : us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract to us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax" use="optional" order="30" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:title="ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:to="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:title="Presentation : us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract to us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" use="optional" order="30" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" xlink:title="OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:to="us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" xlink:title="Presentation : us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract to us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" use="optional" order="40" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:title="ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:to="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:title="Presentation : us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract to us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" use="optional" order="40" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:title="OtherComprehensiveIncomeLossNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:title="Presentation : us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract to us-gaap_OtherComprehensiveIncomeLossNetOfTax" use="optional" order="50" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax" xlink:title="ComprehensiveIncomeNetOfTax" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:to="us-gaap_ComprehensiveIncomeNetOfTax" xlink:title="Presentation : us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract to us-gaap_ComprehensiveIncomeNetOfTax" use="optional" order="50" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureCompensationPlans">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:title="DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:title="DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:title="Presentation : us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract to us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureIncomeTaxes">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="us-gaap_IncomeTaxDisclosureAbstract" xlink:title="IncomeTaxDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock" xlink:title="IncomeTaxDisclosureTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeTaxDisclosureAbstract" xlink:to="us-gaap_IncomeTaxDisclosureTextBlock" xlink:title="Presentation : us-gaap_IncomeTaxDisclosureAbstract to us-gaap_IncomeTaxDisclosureTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureFutureMinimumRents">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LeasesOperatingAbstract" xlink:label="us-gaap_LeasesOperatingAbstract" xlink:title="LeasesOperatingAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OperatingLeasesOfLessorDisclosureTextBlock" xlink:label="us-gaap_OperatingLeasesOfLessorDisclosureTextBlock" xlink:title="OperatingLeasesOfLessorDisclosureTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LeasesOperatingAbstract" xlink:to="us-gaap_OperatingLeasesOfLessorDisclosureTextBlock" xlink:title="Presentation : us-gaap_LeasesOperatingAbstract to us-gaap_OperatingLeasesOfLessorDisclosureTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureSelectedQuarterlyFinancialData">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:label="us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:title="QuarterlyFinancialInformationDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_QuarterlyFinancialInformationTextBlock" xlink:label="us-gaap_QuarterlyFinancialInformationTextBlock" xlink:title="QuarterlyFinancialInformationTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:to="us-gaap_QuarterlyFinancialInformationTextBlock" xlink:title="Presentation : us-gaap_QuarterlyFinancialInformationDisclosureAbstract to us-gaap_QuarterlyFinancialInformationTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureRealEstateAndAccumulatedDepreciation">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract" xlink:title="RealEstateAndAccumulatedDepreciationDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDisclosureTextBlock" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureTextBlock" xlink:title="RealEstateAndAccumulatedDepreciationDisclosureTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureTextBlock" xlink:title="Presentation : us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract to us-gaap_RealEstateAndAccumulatedDepreciationDisclosureTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureTransactionsWithRelatedParties">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="us-gaap_RelatedPartyTransactionsAbstract" xlink:title="RelatedPartyTransactionsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:title="RelatedPartyTransactionsDisclosureTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_RelatedPartyTransactionsAbstract" xlink:to="us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:title="Presentation : us-gaap_RelatedPartyTransactionsAbstract to us-gaap_RelatedPartyTransactionsDisclosureTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureValuationAndQualifyingAccounts">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ValuationAndQualifyingAccountsAbstract" xlink:label="us-gaap_ValuationAndQualifyingAccountsAbstract" xlink:title="ValuationAndQualifyingAccountsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfValuationAndQualifyingAccountsDisclosureTextBlock" xlink:label="us-gaap_ScheduleOfValuationAndQualifyingAccountsDisclosureTextBlock" xlink:title="ScheduleOfValuationAndQualifyingAccountsDisclosureTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ValuationAndQualifyingAccountsAbstract" xlink:to="us-gaap_ScheduleOfValuationAndQualifyingAccountsDisclosureTextBlock" xlink:title="Presentation : us-gaap_ValuationAndQualifyingAccountsAbstract to us-gaap_ScheduleOfValuationAndQualifyingAccountsDisclosureTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.hcpi.com/role/DisclosureSubsequentEvents">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SubsequentEventsAbstract" xlink:label="us-gaap_SubsequentEventsAbstract" xlink:title="SubsequentEventsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SubsequentEventsTextBlock" xlink:label="us-gaap_SubsequentEventsTextBlock" xlink:title="SubsequentEventsTextBlock" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SubsequentEventsAbstract" xlink:to="us-gaap_SubsequentEventsTextBlock" xlink:title="Presentation : us-gaap_SubsequentEventsAbstract to us-gaap_SubsequentEventsTextBlock" use="optional" order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
</link:linkbase>


