Healthpeak Properties and Brookfield Form a $2.1 Billion Strategic Joint Venture
Brookfield Asset Management formed a $2.1 billion joint venture with Healthpeak Properties, investing approximately $1.025 billion for a 49% non-controlling interest in a portfolio of 86 U.S. outpatient medical buildings. The 5.6 million square foot portfolio is 95% leased with a weighted average lease term of six years, implying a 5.9% trailing cash cap rate.
Key figures
- Deal Value Usd
- 1025000000
- Cap rate
- 5.9%
- Square feet
- 5600000
- Occupancy rate
- 95%
- Price per sqft
- 380
- Property count
- 86
- Lease term years
- 6
- Ownership interest
- 49%
- Portfolio valuation
- 2100000000
AI analysis
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