HCP Inc. on Thursday said that it has completed its nearly $1.3 billion secondary stock offering. The proceeds will help pay for a pending acquisition of nursing homes and rehabilitation hospitals.

The Long Beach real estate investment trust will use some of the proceeds to help pay for a portion of its $6.1 billion acquisition of the real estate assets of Toledo, Ohio-based HCR ManorCare, which will lease back the properties.

HCP sold 34.5 million shares at $36.90 per share. It said any remaining net proceeds will be used for general corporate purposes.

HCP closed up 14 cents, or less than a percent, to $37.94 on the New York Stock Exchange.