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Stock impact report

Healthpeak Properties Announces Joint Venture Wind-Down

Healthpeak Properties, Inc. (DOC) 
NASDAQ:AMEX Investor Relations: snl.com/irw/corporateprofile/4391353
Company Research Source: Business Wire
DENVER--(BUSINESS WIRE)--Healthpeak Properties, Inc. (NYSE: DOC) (“Healthpeak”) and King Street Properties (“KSP”) today announced that Healthpeak has acquired KSP’s minority interest in the joint ventures in eight lab buildings in Cambridge and Lexington, Massachusetts. Healthpeak will assume day-to-day management of the buildings following a short-term transition period.“King Street has been a key strategic partner of Healthpeak’s since 2017,” said Scott Brinker, Healthpeak’s President and CEO. “Our successful partnership grew to 900,000 square feet across four campuses." Mr. Brinker continued, “Healthpeak’s greater Boston portfolio now totals 2.7 million square feet, giving us the scale to internalize. We would like to thank the KSP team for many years of outstanding partnership and mutual success.”“Seven years ago, we and Healthpeak formed a joint venture to maximize the development potential of a portion of King Street’s Boston portfolio of Class A life science projects,” sai Show less Read more
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