Healthpeak Properties, Inc. (NYSE: PEAK) (“Healthpeak”) and
Physicians Realty Trust (NYSE: DOC) (“Physicians Realty Trust”)
today announced that Healthpeak stockholders and Physicians Realty
Trust shareholders have voted to approve the proposals necessary
for the closing of the proposed merger at their respective special
meetings held virtually today, February 21, 2024.
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The transaction is expected to close on or about March 1, 2024,
subject to the satisfaction or waiver of customary closing
conditions. The combined company will operate under the Healthpeak
Properties, Inc. name. Provided the transaction is consummated on
March 1, 2024, Healthpeak common stock is expected to begin trading
under the ticker symbol “DOC” at the open of trading on The New
York Stock Exchange on March 4, 2024.
Upon consummation of the merger, Physicians Realty Trust
shareholders will receive 0.674 of a newly issued share of
Healthpeak common stock for each Physicians Realty Trust common
share they own immediately prior to the effective time of the
merger, subject to any withholding required under applicable tax
laws, as applicable.
The final voting results for the Healthpeak Special Meeting of
Stockholders and Physicians Realty Trust Special Meeting of
Shareholders will be disclosed in a Current Report on Form 8-K to
be filed with the U.S. Securities and Exchange Commission by
Healthpeak and Physicians Realty Trust, respectively.
ABOUT HEALTHPEAK PROPERTIES
Healthpeak Properties, Inc. is a fully integrated real estate
investment trust (REIT) and S&P 500 company. Healthpeak owns,
operates, and develops high-quality real estate for healthcare
discovery and delivery. For more information regarding Healthpeak,
visit www.healthpeak.com.
ABOUT PHYSICIANS REALTY TRUST
Physicians Realty Trust is a self-managed health care real
estate company organized to acquire, selectively develop, own, and
manage health care properties that are leased to physicians,
hospitals and health care delivery systems. Physicians Realty Trust
invests in real estate that is integral to providing high quality
health care. Physicians Realty Trust is a Maryland real estate
investment trust and has elected to be taxed as a REIT for U.S.
federal income tax purposes. Physicians Realty Trust conducts its
business through an UPREIT structure in which its properties are
owned by an operating partnership, directly or through limited
partnerships, limited liability companies or other
subsidiaries.
FORWARD-LOOKING STATEMENTS
This communication may include “forward-looking statements,”
including but not limited to those regarding the proposed
transactions between Healthpeak and Physicians Realty Trust, within
the meaning of the Private Securities Litigation Reform Act. All
statements other than statements of historical fact are
“forward-looking statements” for purposes of federal and state
securities laws. These forward-looking statements, which are based
on current expectations, estimates and projections about the
industry and markets in which Healthpeak and Physicians Realty
Trust operate and beliefs of and assumptions made by Healthpeak
management and Physicians Realty Trust management, involve
uncertainties that could significantly affect the financial or
operating results of Healthpeak, Physicians Realty Trust or the
combined company. Words such as “expects,” “anticipates,”
“intends,” “plans,” “believes,” “seeks,” “estimates,” “predicts,”
“projects,” “forecasts,” “will,” “may,” “potential,” “can,”
“could,” “should,” “pro forma,” and variations of such words and
similar expressions are intended to identify such forward-looking
statements. Such forward-looking statements include, but are not
limited to, statements about the benefits of the proposed
transactions involving Healthpeak and Physicians Realty Trust,
including future acquisitions, dispositions, financing activity,
financial and operating results, plans, objectives, expectations
and intentions. All statements that address operating performance,
events or developments that Healthpeak and Physicians Realty Trust
expects or anticipates will occur in the future - including
statements relating to creating value for shareholders or
stockholders, as applicable, benefits of the proposed transactions
to clients, tenants, employees, shareholders or stockholders, as
applicable, and other constituents of the combined company,
integrating the companies, cost savings and the expected timetable
for completing the proposed transactions - are forward-looking
statements. These statements are not guarantees of future
performance and involve certain risks, uncertainties and
assumptions that are difficult to predict. Although Healthpeak and
Physicians Realty Trust believe the expectations reflected in any
forward-looking statements are based on reasonable assumptions,
Healthpeak and Physicians Realty Trust can give no assurance that
its expectations will be attained and, therefore, actual outcomes
and results may differ materially from what is expressed or
forecasted in such forward-looking statements. For example, these
forward-looking statements could be affected by factors including,
without limitation, risks associated with the ability to consummate
the proposed merger and the timing of the closing of the proposed
merger; satisfaction of closing conditions to consummate the
proposed merger; the occurrence of any event, change or other
circumstance that could give rise to the termination of the merger
agreement relating to the proposed transactions; the ability to
secure favorable interest rates on any borrowings incurred in
connection with the proposed transactions; the impact of
indebtedness incurred in connection with the proposed transactions;
the ability to successfully integrate portfolios, business
operations, including properties, tenants, property managers and
employees; the ability to realize anticipated benefits and
synergies of the proposed transactions as rapidly or to the extent
anticipated by financial analysts or investors; potential liability
for a failure to meet regulatory or tax-related requirements,
including the maintenance of REIT status; material changes in the
dividend rates on securities or the ability to pay dividends on
common shares or other securities; potential changes to tax
legislation; changes in demand for developed properties; adverse
changes in the financial condition of joint venture partner(s) or
major tenants; risks associated with the acquisition, development,
expansion, leasing and management of properties; risks associated
with the geographic concentration of Healthpeak or Physicians
Realty Trust; risks associated with the industry concentration of
tenants; the potential impact of announcement of the proposed
transactions or consummation of the proposed transactions on
business relationships, including with clients, tenants, property
managers, customers, employees and competitors; risks related to
diverting the attention of Healthpeak’s and Physicians Realty
Trust’s management from ongoing business operations; unfavorable
outcomes of any legal proceedings that have been or may be
instituted against Healthpeak or Physicians Realty Trust; costs
related to uninsured losses, condemnation, or environmental issues,
including risks of natural disasters; the ability to retain key
personnel; costs, fees, expenses and charges related to the
proposed transactions and the actual terms of the financings that
may be obtained in connection with the proposed transactions;
changes in local, national and international financial markets,
insurance rates and interest rates; general adverse economic and
local real estate conditions; risks related to the market value of
shares of Healthpeak common stock to be issued in the transaction;
the inability of major tenants to continue paying their rent
obligations due to bankruptcy, insolvency or a general downturn in
their business; foreign currency exchange rates; increases in
operating costs and real estate taxes; changes in dividend policy
or ability to pay dividends for Healthpeak or Physicians Realty
Trust common shares; impairment charges; unanticipated changes in
Healthpeak’s or Physicians Realty Trust’s intention or ability to
prepay certain debt prior to maturity and/or hold certain
securities until maturity; pandemics or other health crises, such
as coronavirus (COVID-19); and those additional risks and factors
discussed in reports filed with the SEC by Healthpeak and
Physicians Realty Trust. Moreover, other risks and uncertainties of
which Healthpeak or Physicians Realty Trust are not currently aware
may also affect each of the companies’ forward-looking statements
and may cause actual results and the timing of events to differ
materially from those anticipated. The forward-looking statements
made in this communication are made only as of the date hereof or
as of the dates indicated in the forward-looking statements, even
if they are subsequently made available by Healthpeak or Physicians
Realty Trust on their respective websites or otherwise. Neither
Healthpeak nor Physicians Realty Trust undertakes any obligation to
update or supplement any forward-looking statements to reflect
actual results, new information, future events, changes in its
expectations or other circumstances that exist after the date as of
which the forward-looking statements were made.
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version on businesswire.com: https://www.businesswire.com/news/home/20240221387514/en/
Healthpeak Contact
Andrew Johns, CFA Senior Vice President – Investor Relations
720-428-5400
Physicians Realty Trust Contact
John T. Thomas President & Chief Executive Officer
214-549-6611 jtt@docreit.com
Grafico Azioni Healthpeak Properties (NYSE:DOC)
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Da Nov 2024 a Dic 2024
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