Welltower CEO: Debt Maturities Helping Create Best Investment Environment ‘We Have Ever Seen’

Welltower CEO Shankh Mitra has a lot on his plate at the tail-end of 2023. Welltower (NYSE: WELL) is gearing up to launch its in-house operating platform in Canada within the coming weeks with Cogir, which recently expanded its relationship with the Toledo, Ohio-based real estate investment trust (REIT). All the while, billions of dollars […]

Healthpeak, Physicians Realty Trust to Merge in $21 Billion Deal

Healthpeak Properties, Inc. (NYSE: PEAK) and Physicians Realty Trust (NYSE: DOC) have entered into an agreement to combine in an all-stock merger valued at approximately $21 billion, according to a news release issued Monday.  Healthpeak’s senior housing holdings now include 15 continuing care retirement communities (CCRC) in five states and Washington D.C., with the highest […]

Healthpeak CEO Herzog to Step Down, Brinker to Lead Company

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 […]

Transactions & Financings: Healthpeak Closes $3B Credit Facility; Benedictine’s $132M Refinancing

Healthpeak Properties (NYSE: PEAK) has more credit at its disposal. The Denver-based real estate investment trust (REIT) announced on Monday that it closed on a new unsecured revolving credit facility, with commitments totaling $3 billion. The facility reduces Healthpeak’s borrowing costs and extends the maturity date to Jan. 30, 2026. Furthermore, the REIT controls two […]

Healthpeak’s $4 Billion Senior Housing Exit In Reach, CCRC Expansions Upcoming

Healthpeak Properties’ (NYSE: PEAK) exit from rental senior housing is essentially complete. The Denver-based health care real estate investment trust (REIT) announced the sale of $230 million from its senior housing operating portfolio (SHOP) and triple-net leased communities since May 4, CEO Tom Herzog said Wednesday during the company’s Q2 2021 earnings call. Additionally, Healthpeak’s […]

Transactions & Financings: PGIM, Greystone Facilitate Harrison Street-Oakmont Deal; Lifespace, Phoenix, Alta Grow

Harrison Street Real Estate Capital’s $1.2 billion acquisition of 24 senior living communities formerly owned by Healthpeak Properties (NYSE: PEAK) and Gallaher Companies in early June was facilitated with loans from two large financial firms. Greystone placed and executed financing for the purchase of 16 of the communities in the portfolio. The package involved Freddie […]

Harrison Street Acquires 24-Property Oakmont Portfolio for $1.2 Billion

Chicago-based private real estate investment management firm Harrison Street Real Estate Capital announced on Tuesday that it acquired a portfolio of 24 senior housing communities in California and Nevada operated by Oakmont Management Group, for approximately $1.2 billion. Additionally, Harrison Street is selling a 14-property medical office portfolio to real estate investment trust Healthpeak Properties […]

Transactions & Financings: Healthpeak’s $550M Cash Tender Offer; Bankruptcy Court Approves $76M Henry Ford Village Sale

Healthpeak Properties (NYSE: PEAK) continues to shore up its financial position. The Denver-based health care real estate investment trust (REIT) announced cash tender offers for up to $550 million in senior notes due in 2025. The offerings consist of $250 million in senior notes carrying a 3.4% interest rate, and $300 million in senior notes […]