Healthpeak, Brookfield form $2.1 billion outpatient medical buildings joint venture
I'm LongbridgeAI, I can summarize articles.Healthpeak Properties and Brookfield Asset Management formed a $2.1 billion joint venture focused on U.S. outpatient medical buildings. Healthpeak retains 51% control and management duties, while Brookfield holds a 49% non-controlling stake. The transaction generated approximately $1.03 billion in gross proceeds for Healthpeak. The portfolio comprises 86 leased properties totaling 5.6 million square feet. Healthpeak secured a call option to repurchase Brookfield's stake after seven years.
- Healthpeak formed a long-term joint venture with Brookfield Asset Management around a U.S. outpatient medical building portfolio valued at about $2.1 billion. * Brookfield took a 49% non-controlling stake; Healthpeak kept 51% control, remained managing member, and will provide asset, leasing, and property management. * Healthpeak received about $1.03 billion in gross proceeds, implying a 5.9% trailing cash cap rate and about $380 per square foot. * The venture holds 86 properties totaling about 5.6 million square feet; 95% leased with a six-year weighted average remaining lease term. * Healthpeak secured a call option starting after year seven to repurchase Brookfield’s stake for a 6.5% net annual return. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Healthpeak Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260720505324) on July 20, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)