• 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.