<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>ex24jhoffmann.txt
<DESCRIPTION>JAMES P. HOFFMANN POWER OF ATTORNEY
<TEXT>
                        POWER OF ATTORNEY

       KNOW ALL PERSONS BY THESE PRESENTS that the undersigned
hereby constitutes, designates and appoints James W. Mercer and
Troy E. McHenry as such person's true and lawful attorneys-in-
fact and agents, each with full power of substitution and
resubstitution and full power to act alone and without the other,
for the undersigned and in the undersigned's name, place and
stead, in any and all capacities, to:

      (a.)     prepare, execute in the undersigned's name and on
the undersigned's behalf, and submit to the U.S. Securities and
Exchange Commission (the "SEC") a Form ID (or any successor form),
including amendments thereto, and any other documents necessary
or appropriate to obtain codes and passwords enabling the
undersigned to make electronic filings with the SEC of reports
required by Section 16(a) or any rule or regulation of the SEC
promulgated thereunder;

      (b.)     execute for and on behalf of the undersigned, in
the undersigned's capacity as a director of HCP, Inc. (the
"Company"), Forms 3, 4, and 5 in accordance with Section 16(a) of
the Securities Exchange Act of 1934 and the rules thereunder (or
any successor forms);

      (c.)     do and perform any and all acts for and on behalf
of the undersigned which may be necessary or desirable to
complete and execute any such Form 3, 4, or 5, complete and
execute any amendment or amendments thereto, and timely file such
form with the SEC and any stock exchange or similar authority;
and

      (d.)     take any other action of any type whatsoever in
connection with the foregoing which, in the opinion of such
attorney-in-fact, may be of benefit to, in the best interest of,
or legally required by, the undersigned, it being understood that
the documents executed by such attorney-in-fact on behalf of the
undersigned pursuant to this Power of Attorney shall be in such
form and shall contain such terms and conditions as such
attorney-in-fact may approve in such attorney-in-fact's
discretion.

      The undersigned hereby grants to each such attorney-in-fact
full power and authority to do and perform any and every act and
thing whatsoever requisite, necessary, or proper to be done in
the exercise of any of the rights and powers herein granted, as
fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution
or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact's substitute or
substitutes, shall lawfully do or cause to be done by virtue of
this power of attorney and the rights and powers herein granted.
The undersigned acknowledges that the foregoing attorneys-in-fact,
in serving in such capacity at the request of the undersigned,
are not assuming, nor is the Company assuming any of the
undersigned's responsibilities to comply with Section 16 of the
Securities Exchange Act of 1934.

      This Power of Attorney shall remain in full force and
effect until the undersigned is no longer required to file Forms
3, 4, and 5 with respect to the undersigned's holdings of and
transactions in securities issued by the Company, unless earlier
revoked by the undersigned in a signed writing delivered to the
foregoing attorneys-in-fact.

      IN WITNESS WHEREOF, the undersigned has executed this
instrument as of the 31 day of July, 2014.


                                 /s/ James P. Hoffmann
                                 ------------------------------
                                 James P. Hoffmann

</TEXT>
</DOCUMENT>
