Healthpeak Properties Announces Joint Venture Wind-Down
Healthpeak Properties, Inc. (NYSE: DOC) (“Healthpeak”) and King Street Properties (“KSP”) today announced that Healthpeak has acquired KSP’s minority interest in the joint ventures in eight lab buildings in Cambridge and Lexington, Massachusetts.
- Healthpeak Properties, Inc. (NYSE: DOC) (“Healthpeak”) and King Street Properties (“KSP”) today announced that Healthpeak has acquired KSP’s minority interest in the joint ventures in eight lab buildings in Cambridge and Lexington, Massachusetts.
- Healthpeak will assume day-to-day management of the buildings following a short-term transition period.
- “King Street has been a key strategic partner of Healthpeak’s since 2017,” said Scott Brinker, Healthpeak’s President and CEO.
- “We enjoyed working with the Healthpeak team to meet that goal and today marks the culmination of this innovative approach, which has proven to be highly successful for both firms.”