Long Beach-based HCP Inc. is planning to sell a $371 million portfolio of health care facilities to a Birmingham, Ala. real estate investment trust that has several Southern California holdings.

Medical Properties Trust Inc. said Friday that the acquisition will significantly expand its holdings and broaden its geographic range. It plans to finance the deal with proceeds from stock and debt securities sales and other sources. The transaction is expected to close in the second quarter.

The 21 healthcare facilities involved in the acquisition include seven unidentified acute care hospitals, five inpatient rehabilitation hospitals, three long-term acute care hospitals and six wellness centers.

In Los Angeles, the Alabama REIT owns the Sherman Oaks Hospital property and made two first mortgage loans that enabled Centinela Freeman Health System to refinance debt on two hospitals.

HCP shares closed up 89 cents, or 3 percent, to $29.92 on Friday.