Healthpeak Properties completed the acquisition of Physicians Realty Trust for $2.64bn.

Healthpeak Properties, an American real estate investment trust, completed the acquisition of Physicians Realty Trust, a self-managed healthcare real estate company, for $2.64bn. “We are pleased to announce the completion of our merger with Physicians Realty Trust. We believe this transaction augments our earnings, balance sheet, and platform. Our integration efforts are progressing ahead of schedule with property management internalized in four markets to date, with an additional five markets scheduled by the end of the second quarter. We expect to generate merger-related synergies of $40m during 2024 with potential for $20m or more of additional synergies by year-end 2025,” said Scott Brinker, Healthpeak President and CEO.