BRIEF-Healthpeak Properties And Brookfield Form A $2.1 Billion Strategic Joint Venture

Healthpeak Properties, Inc.
Brookfield Asset Management Ltd. Class A

Healthpeak Properties, Inc.

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Brookfield Asset Management Ltd. Class A

BAM

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July 20 (Reuters) - BROOKFIELD ASSET MANAGEMENT LTD BAM.N:

  • HEALTHPEAK PROPERTIES AND BROOKFIELD FORM A $2.1 BILLION STRATEGIC JOINT VENTURE

  • HEALTHPEAK PROPERTIES, - BROOKFIELD OWNS 49% OF VENTURE; HEALTHPEAK RETAINS 51% AND MANAGEMENT

  • HEALTHPEAK PROPERTIES, - RECEIVES $1.02 BILLION FROM SALE OF 49% INTEREST AT 5.9% CAP RATE

  • HEALTHPEAK PROPERTIES, - RETAINS CALL RIGHT TO REPURCHASE BROOKFIELD INTEREST AFTER YEAR SEVEN AT 6.5% RETURN

Source text: ID:nBw5fRdJ8a

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