Healthpeak Properties completed the acquisition of Brookdale's 51% joint venture interest for $510m.

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.