Healthpeak Properties

Last updated
Healthpeak Properties, Inc.
Formerly
  • HCP, Inc. (2007–2019)
  • Health Care Property Investors, Inc.
    (1985–2007)
Company type Public company
ISIN US42250P1030
Industry Real estate investment trust
Founded1985;40 years ago (1985)
Headquarters Denver, Colorado, U.S.
Key people
Scott M. Brinker (President and CEO)
Kelvin O. Moses (CFO)
RevenueIncrease2.svg US$7.99 billion (2024) [1]
Decrease2.svg US$242 million (2024) [1]
Total assets Increase2.svg US$19.38 billion (2024) [1]
Total equity Increase2.svg US$9.055 billion (2024) [1]
Number of employees
387 (December 2024) [1]
Website www.healthpeak.com
Footnotes /references
[2]

Healthpeak Properties, Inc. is an American real estate investment trust that invests in real estate related to the healthcare industry including senior housing, life science, and medical offices. It was organized in 2007 in Maryland and headquartered in Denver, Colorado with offices in Irvine, Nashville and San Francisco. As of December 31, 2019, the company owned interests in 617 properties. [2]

Contents

History

The company was founded in 1985 with two acute care hospitals and 22 skilled nursing facilities. [3]

In 1985, the company became a public company via an initial public offering (IPO). [4]

In September 2007, the company changed its name from Health Care Property Investors, Inc. to HCP, Inc. [3]

The company was added to the S&P 500 Index in March 2008. [5]

In November 2020, the company announced its choice of Denver for their new headquarters. [6]

Mergers and acquisitions

In October 2016, the company completed the spin-off of Quality Care Properties. [4]

In October 2019, the company restructured its joint venture with Brookdale Senior Living. [7] The company also changed its name to Healthpeak Properties, Inc. and ticker symbol from "HCP" to "PEAK" effective November 5, 2019. [8]

In March 2024, the company closed its all-stock merger of equals valued at approximately $21 billion with Physicians Realty Trust, and its NYSE ticker symbol for the company changed from "PEAK" to "DOC", effective March 4, 2024. [9] Healthpeak Properties also obtained a five-year, $750 million unsecured term loan with $210 in Physicians Realty Trust private placement notes, for further development, and entered into a swap agreement to lock in an interest rate of 4.5% for the life of the loan. The Healthpeak Properties board of directors then added five new members from the Physicians Realty Trust board: John Thomas, Ava Lias-Booker, Pamela Kessler, Governor Tommy Thompson, Richard Weiss. [10]

References

  1. 1 2 3 4 5 "Healthpeak Properties Total Assets 2010-2025 | DOC". www.macrotrends.net. Retrieved 2025-07-21.
  2. 1 2 "Healthpeak Properties, Inc. 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  3. 1 2 "Health Care Property Investors Announces Name Change to HCP" (Press release). Business Wire. July 30, 2007.
  4. 1 2 "HCP, Inc. Completes Spin-Off of Quality Care Properties, Inc" (Press release). PR Newswire. October 31, 2016.
  5. ↑ Stempel, Jonathan (March 20, 2008). "S&P 500 adds Philip Morris, HCP; Circuit City out". Reuters .
  6. ↑ Svaldi, Aldo (5 November 2020). "Healthpeak Properties confirms its headquarters will move from California to Denver". Denver Post. Retrieved November 17, 2020.
  7. ↑ "HCP Announces Series of Mutually Beneficial Transactions with Brookdale" (Press release). PR Newswire. October 1, 2019.
  8. ↑ "HCP Changes Name to Healthpeak Properties™ and Announces Promotion of Scott Brinker to President and Chief Investment Officer Along with Other Leadership Promotions" (Press release). PR Newswire. October 30, 2019.
  9. ↑ "Healthpeak Properties Closes Merger with Physicians Realty Trust". NASDAQ.com. March 1, 2024. Retrieved March 3, 2024.
  10. ↑ "Healthpeak Properties Finalizes Merger with Physicians Realty Trust". Hitconsultant. Archived from the original on 2024-03-05. Retrieved 2024-03-25.
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