DOC · 10-Q · 2026Q3 · Full report
Acquisitions and Divestitures
HEALTHPEAK PROPERTIES, INC. · 2026-11-03 · Importance 58 · Surprise 42 · No source text
In January 2026, Healthpeak acquired its joint venture partner’s 46.5% interest in SWF SH JV for $312 million and acquired two lab land parcels for net proceeds of $28 million. During the nine months ended September 30, 2026, the company acquired 41 senior housing communities for $2.26 billion and sold four lab buildings for $68 million, four outpatient medical buildings for $49 million, and one senior housing community for $23 million. It also sold an 80% interest in six outpatient medical buildings for $163 million net proceeds and, in September, paid $105 million for the senior construction loan secured by a two-building San Diego lab campus before obtaining 100% ownership. Subsequent to quarter-end, Healthpeak completed $432 million of senior housing acquisitions, acquired a Houston outpatient medical building for $38 million, and sold two outpatient medical buildings for $31 million.
Key facts
- Healthpeak acquired 41 senior housing communities for an aggregate purchase price of $2.26 billion during the nine months ended September 30, 2026. source
- Subsequent to September 30, 2026, Healthpeak completed $432 million of senior housing acquisitions, including seven communities, and acquired an outpatient medical building in Houston, Texas, for $38 million. source
- In September 2026, Healthpeak paid $105 million to acquire the senior construction loan secured by a two-building lab campus in San Diego, California, and subsequently obtained 100% ownership of the campus. source
- The sale of an 80% interest in six outpatient medical buildings in March 2026 generated a $92 million gain upon change of control. source
- Healthpeak acquired its joint venture partner’s 46.5% interest in the SWF SH JV for $312 million in January 2026. source
- Healthpeak sold an 80% interest in six outpatient medical buildings to a third party for net proceeds of $163 million during the three months ended March 31, 2026. source
- During the nine months ended September 30, 2026, Healthpeak sold four lab buildings for $68 million, four outpatient medical buildings for $49 million, one senior housing community for $23 million, and nine suites in an outpatient medical building in Atlanta, Georgia, for $7 million. source
- The January 2026 SWF JV Buyout generated a $46 million gain upon change of control. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +34.3% | The sale of an 80% interest in six outpatient medical buildings in March 2026 generated a $92 million gain upon change of control. |
| assets | positive | realized | +10.1% | Healthpeak acquired 41 senior housing communities for an aggregate purchase price of $2.26 billion during the nine months ended September… |
| cash | negative | realized | -10.1% | Healthpeak acquired 41 senior housing communities for an aggregate purchase price of $2.26 billion during the nine months ended September… |
| assets | positive | realized | +2.1% | Subsequent to September 30, 2026, Healthpeak completed $432 million of senior housing acquisitions, including seven communities, and… |
| cash | negative | realized | -2.1% | Subsequent to September 30, 2026, Healthpeak completed $432 million of senior housing acquisitions, including seven communities, and… |
| assets | positive | realized | +0.5% | In September 2026, Healthpeak paid $105 million to acquire the senior construction loan secured by a two-building lab campus in San Diego,… |
| cash | negative | realized | -0.5% | In September 2026, Healthpeak paid $105 million to acquire the senior construction loan secured by a two-building lab campus in San Diego,… |