Healthpeak Properties to Seek Strategic Acquisitions
November 03, 2020 at 12:00 pm EST
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Healthpeak Properties, Inc. (NYSE:PEAK) will look for strategic acquisitions. Scott Brinker, President and Chief Information Officer said "During the third quarter and through October, we completed $115 million of noncore disposition, which includes approximately $100 million of senior housing and the balance in medical office. We currently have a number of senior housing dispositions in various stages, including approximately $1.5 billion under purchase agreements and approximately $2 billion under letters of intent, which, if successful, are expected to close late 2020 or early 2021. The net proceeds from our senior housing disposition could be used for future strategic acquisitions, debt repayments or potentially some amount of seller financing".
Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT). The Company acquires, develops, owns, leases, and manages healthcare real estate across the United States. Its strategy is to invest in and manage real estate focused on healthcare discovery and delivery. It has a diversified portfolio of high-quality healthcare properties across three core asset classes of lab, outpatient medical, and continuing care retirement community (CCRC) real estate. The Companyâs segments include Lab, Outpatient medical and CCRC. The lab segment properties contain laboratory and office space, are leased primarily to biotechnology, medical device and pharmaceutical companies, scientific research institutions, government agencies, and other organizations involved in the life science industry. The Outpatient Medical segment includes outpatient medical buildings and hospitals. Outpatient medical buildings typically contain physiciansâ offices and examination rooms.
HEALTHPEAK PROPERTIES, INC. 
