DOC · 10-Q · 2026Q2 · Full report
Development and Redevelopment Pipeline
HEALTHPEAK PROPERTIES, INC. · 2026-08-05 · Importance 47 · Surprise 48 · No source text
Development and redevelopment projects placed into service during 2025 and 2026 increased operating contributions, including occupancy gains in former outpatient medical development properties and additional lab redevelopment output. At June 30, 2026, material commitments for development, redevelopment and company-owned tenant improvements were $172 million, down $50 million from December 31, 2025 as construction spending exceeded new commitments. Construction loan commitments decreased $29 million to $70 million following additional funding of existing redevelopment and capital expenditure projects. The company continued funding tenant improvements, leasing costs and development and redevelopment activities as part of its principal liquidity needs.
Key facts
- Subsequent to June 30, 2026, Healthpeak acquired eight senior housing communities in Texas and New Mexico for $150 million and one senior housing community in Naples, Florida for $149 million. source
- Subsequent to June 30, 2026, Healthpeak acquired one senior housing community in Lexington, Kentucky for $50 million, three senior housing communities in Atlanta, Georgia for $425 million, four senior housing communities in Florida for $190 million, and one senior housing community in Denver, Colorado for $47 million. source
- During the six months ended June 30, 2026, Healthpeak placed in service one lab redevelopment project with total project costs of $86 million, a portion of four lab redevelopment projects with total project costs of $65 million, and a portion of one lab development project with total project costs of $8 million. source
- During the three months ended March 31, 2026, Healthpeak acquired two senior housing communities in Atlanta, Georgia for $240 million. source
- During the three months ended March 31, 2026, Healthpeak acquired two lab land parcels in Cambridge, Massachusetts for $28 million. source
- During the three months ended March 31, 2026, Healthpeak acquired three senior housing communities in Orlando, Florida for $121 million. source
- During the three months ended March 31, 2026, Healthpeak acquired one senior housing community in Seattle, Washington for $41 million. source
- During the three months ended June 30, 2026, Healthpeak acquired one senior housing community in Seattle, Washington for $52 million and one senior housing community in Tucson, Arizona for $52 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | committed | +2.8% | Subsequent to June 30, 2026, Healthpeak acquired one senior housing community in Lexington, Kentucky for $50 million, three senior housing… |
| assets | positive | committed | +1.2% | Subsequent to June 30, 2026, Healthpeak acquired eight senior housing communities in Texas and New Mexico for $150 million and one senior… |
| assets | positive | realized | +1.1% | During the three months ended March 31, 2026, Healthpeak acquired two senior housing communities in Atlanta, Georgia for $240 million. |
| assets | positive | realized | +0.6% | During the three months ended March 31, 2026, Healthpeak acquired three senior housing communities in Orlando, Florida for $121 million. |
| assets | positive | realized | +0.5% | During the three months ended June 30, 2026, Healthpeak acquired one senior housing community in Seattle, Washington for $52 million and… |
| cash | negative | realized | -0.5% | During the three months ended June 30, 2026, Healthpeak acquired one senior housing community in Seattle, Washington for $52 million and… |
| assets | positive | realized | +0.4% | During the six months ended June 30, 2026, Healthpeak placed in service one lab redevelopment project with total project costs of $86… |
| cash | positive | realized | +0.2% | Material cash requirements related to development and redevelopment projects and Company-owned tenant improvements decreased by $50… |
| assets | positive | realized | +0.2% | During the three months ended March 31, 2026, Healthpeak acquired one senior housing community in Seattle, Washington for $41 million. |
| assets | positive | realized | +0.1% | During the three months ended March 31, 2026, Healthpeak acquired two lab land parcels in Cambridge, Massachusetts for $28 million. |