HCP,_Inc.

Healthpeak Properties

Healthpeak Properties

Real estate investment trust

"PEAK" redirects here. For other uses, see Peak.

Healthpeak Properties, Inc. is an American real estate investment trust that invests in real estate related to the healthcare industry including senior housing, life science, and medical offices. It is organized 2007 in Maryland and headquartered in Denver, Colorado with offices in Irvine, Nashville and San Francisco. As of December 31, 2019, the company owned interests in 617 properties.[1]

Quick Facts Formerly, Company type ...

History

The company was founded in 1985 with 2 acute care hospitals and 22 skilled nursing facilities.[2]

In 1985, the company became a public company via an initial public offering.[3]

Effective September 2007, the company changed its name from Health Care Property Investors, Inc. to HCP, Inc.[2]

In March 2008, the company was added to the S&P 500 Index.[4]

In October 2016, the company completed the corporate spin-off of Quality Care Properties.[3]

In October 2019, the company restructured its joint venture with Brookdale Senior Living.[5] The company also changed its name to Healthpeak Properties, Inc. and ticker symbol from "HCP" to "PEAK" effective November 5, 2019.[6]

In November 2020, the company announced they chose Denver for their new HQ, over Dallas and Nashville.[7]

In March 2024, the company closed its all-stock merger of equals valued at approximately $21 billion with Physicians Realty Trust. Also, the ticker symbol for the company changed from "PEAK" to "DOC" effective March 4, 2024.[8] Healthpeak Properties also obtained a five-year, $750 million unsecured term loan with $210 in Physicians Realty Trust private placement notes to support its development. In addition, the company entered into a swap agreement to lock in an interest rate of 4.5% for the life of the loan.

The Healthpeak Properties Board of Directors has added five new members from the Physicians Realty Trust Board of Directors: John Thomas, Ava Lias-Booker, Pamela Kessler, Governor Tommy Thompson, Richard Weiss.[9]

References

  1. [1]
    "Healthpeak Properties, Inc. 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. [2]
    "Health Care Property Investors Announces Name Change to HCP" (Press release). Business Wire. July 30, 2007.
  3. [3]
    "HCP, Inc. Completes Spin-Off of Quality Care Properties, Inc" (Press release). PR Newswire. October 31, 2016.
  4. [4]
    Stempel, Jonathan (March 20, 2008). "S&P 500 adds Philip Morris, HCP; Circuit City out". Reuters.
  5. [5]
    "HCP Announces Series of Mutually Beneficial Transactions with Brookdale" (Press release). PR Newswire. October 1, 2019.
  6. [6]
    "HCP Changes Name to Healthpeak Properties™ and Announces Promotion of Scott Brinker to President and Chief Investment Officer Along with Other Leadership Promotions" (Press release). PR Newswire. October 30, 2019.
  7. [7]
    Svaldi, Aldo (5 November 2020). "Healthpeak Properties confirms its headquarters will move from California to Denver". Denver Post. Retrieved November 17, 2020.
  8. [8]
    "Healthpeak Properties Closes Merger with Physicians Realty Trust". NASDAQ.com. March 1, 2024. Retrieved March 3, 2024.
  9. [9]
    "Healthpeak Properties Finalizes Merger with Physicians Realty Trust". Hitconsultant. Archived from the original on 2024-03-05. Retrieved 2024-03-25.
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