Announced
Completed
Financials
Tags
senior living communities
Acquisition
Friendly
Health Care Facilities
Private
United States
Joint Venture
Majority
Single Bidder
Completed
Private Equity
Synopsis
Healthpeak Properties, a Real Estate Investment Trust, investing primarily in real estate serving the United States healthcare industry, completed the acquisition of the 51% joint venture interest of Brookdale Senior Living, which owns and operates over 1k senior living communities and retirement communities in the United States, for $510m. "We are pleased with the outcome of this mutually beneficial transaction, which reflects the collaboration and partnership we share with Brookdale. This transaction will allow HCP to improve its operator diversification, as well as strengthen its remaining Brookdale triple-net portfolio." Tom Herzog, HCP President and Chief Executive Officer.
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