DOC · 10-Q · 2026Q3 · Full report

Brookfield Outpatient Medical Joint Venture

HEALTHPEAK PROPERTIES, INC. · 2026-11-03 · Importance 65 · Surprise 60 · In source text

In July 2026, Healthpeak formed a joint venture with an affiliate of Brookfield Asset Management and contributed 86 outpatient medical buildings diversified across 11 states. Brookfield purchased a non-controlling 49% equity interest at a gross valuation of approximately $2.1 billion. Healthpeak retained day-to-day control and management and a call right, exercisable for a finite period beginning after year seven, to repurchase Brookfield’s interest at a price providing Brookfield a 6.5% net annual rate of return, excluding initial transaction expenses.

Key facts

• In July 2026, Healthpeak contributed 86 outpatient medical buildings across 11 states to a JV with a Brookfield affiliate; Brookfield acquired a non-controlling 49% interest at an approximately $2.1 billion gross valuation. source
• Healthpeak retained day-to-day control and management of the Brookfield JV assets and a call right, exercisable for a finite period beginning after year seven, to repurchase Brookfield’s interest at a price providing a 6.5% net annual return, excluding initial transaction expenses. source

Impact estimates