Healthpeak Properties and Brookfield Form a $2.1 Billion Strategic Joint Venture
DOC•Healthpeak and Brookfield form joint venture
July 20 (Reuters) - Healthpeak Properties and Brookfield formed a $2.1 billion strategic joint venture.
- Brookfield owns 49% of the venture; Healthpeak retains 51% and management.
- Healthpeak receives $1.02 billion from the sale of the 49% interest at a 5.9% cap rate.
- Healthpeak retains a call right to repurchase Brookfield’s interest after year seven at a 6.5% return.
