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BAM — BROOKFIELD ASSET MANAGEMENT News Story

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Brief: Healthpeak Properties And Brookfield Form A $2.1 Billion Strategic Joint Venture

BRIEF-Healthpeak Properties And Brookfield Form A $2.1 Billion Strategic Joint Venture

- BROOKFIELD ASSET MANAGEMENT LTD BAM.N:

  • HEALTHPEAK PROPERTIES AND BROOKFIELD FORM A $2.1 BILLION STRATEGIC JOINT VENTURE

  • HEALTHPEAK PROPERTIES, - BROOKFIELD OWNS 49% OF VENTURE; HEALTHPEAK RETAINS 51% AND MANAGEMENT

  • HEALTHPEAK PROPERTIES, - RECEIVES $1.02 BILLION FROM SALE OF 49% INTEREST AT 5.9% CAP RATE

  • HEALTHPEAK PROPERTIES, - RETAINS CALL RIGHT TO REPURCHASE BROOKFIELD INTEREST AFTER YEAR SEVEN AT 6.5% RETURN

Source text: ID:nBw5fRdJ8a

Further company coverage: BAM.N


((Reuters.Briefs@thomsonreuters.com;))

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