REIT - Healthcare Property Firms Healthpeak Properties And Physicians Realty Trust To Merge In $21B Deal | Benzinga
Healthpeak Properties Inc (NYSE: PEAK) and Physicians Realty Trust (NYSE: DOC) have agreed to merge in an all-stock merger of equals valued at approximately $21 billion.
Under the terms of the agreement, each Physicians Realty Trust common share will be converted into 0.674 of a newly issued Healthpeak common share.
The combined company will have a 52 million square foot portfolio, including 40 million square feet of outpatient medical properties concentrated in high-growth markets such as Dallas, Houston, Nashville, Phoenix, ...