Justin Hutchens, chief investment officer at HCP, Inc. (NYSE: HCP), joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Earlier this year, HCP announced it would spin off its ManorCare portfolio of skilled nursing and assisted living assets into an independent, publicly traded REIT. Hutchens said the decision was made following a number of years of efforts to try to reposition the portfolio.