Real estate investment trust Healthpeak Properties, Inc. (NYSE: PEAK) has announced that President Scott Brinker is succeeding CEO Tom Herzog as the company’s top leader.
Herzog stepped down in a mutual decision with the Healthpeak board of directors in order to pursue “other endeavors,” according to an announcement. The leadership transition is effective immediately.
In addition to appointing Brinker as the REIT’s new CEO, Healthpeak also named Scott Bohn to the dual role of executive vice president and co-head of life science, and chief development officer; and Adam Mabry to chief investment officer.
Brinker joined the Denver-based REIT in 2018 as executive vice president and chief investment officer. He ascended to the president role at the beginning of 2020.
Healthpeak was among the industry’s largest owners of senior housing until it sold substantially all of the product type in 2020 and 2021. Today, the company’s senior housing holdings include 15 continuing care retirement communities (CCRCs).
As he steps into the top leadership role, Brinker said he is taking the reins at an “exciting time” for Healthpeak.
“We expect our high-quality portfolio and platform to produce consistent internal growth through the inevitable market cycles,” he said. “Our land bank and relationships should drive attractive opportunities for accretive external growth, while we remain disciplined about capital allocation.”
Outgoing CEO Herzog said he is “deeply proud” of the company.
“I am confident that Scott is the right leader at the right time to drive Healthpeak forward, building on our strong momentum and continuing to generate sustainable long-term value for our shareholders, employees and customers,” he said in the announcement.