Healthpeak Properties, Inc. (NYSE: DOC) and Brookfield Asset Management (NYSE: BAM, TSX: BAM) have announced the formation of a long‑term strategic capital partnership through a joint venture involving a portfolio of outpatient medical buildings across the United States. The portfolio contributed by Healthpeak is comprised of 86 properties totaling approximately 5.6 million square feet, valued at approximately US$2.1 billion. Healthpeak owns a 51% controlling interest, and Brookfield and its affiliates own a non‑controlling 49% interest in the venture.
Latham & Watkins LLP advised Healthpeak in the transaction with a Real Estate team led by partner Hilary Strong and counsel Tiffany Taubman, with associates Kimberly Legate Ford and Daniel Eyal. Advice was also provided on capital markets matters by partners Lewis Kneib and Reza Mojtabaee‑Zamani, with associate Shawn Noh; on equity capital matters by partner Gary Boss; and on tax matters by partner Pardis Zomorodi and counsel William Kessler.
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