Healthpeak Properties, Inc. (NYSE: DOC) (“Healthpeak”) and Brookfield Asset Management (NYSE: BAM, TSX: BAM) (“Brookfield”), announce the formation of a long-term strategic capital partnership through a joint venture involving a portfolio of outpatient medical buildings across the United States. The portfolio contributed by Healthpeak is comprised of 86 properties totaling approximately 5.6 million square feet, valued at approximately $2.1 billion. The portfolio is diversified across 11 states, including Kentucky, Indiana, Pennsylvania, Arkansas, Illinois, Minnesota, New Jersey and New York, and is 95% leased with a weighted average remaining lease term of six years. Brookfield and its affiliates own a non-controlling 49% interest in the venture.
Read the full article: Healthpeak Properties and Brookfield Form a $2.1B Strategic Joint Venture //
Source: https://www.businesswire.com/news/home/20260720505324/en/Healthpeak-Properties-and-Brookfield-Form-a-%242.1-Billion-Strategic-Joint-Venture