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“Healthpeak and Physicians Realty to Merge in $21B REIT Deal – Breaking News”

"Healthpeak and Physicians Realty to Merge in $21B REIT Deal - Breaking News"

Healthpeak Properties, Inc. and Physicians Realty Trust have announced a definitive agreement to merge in an all-stock transaction valued at $21 billion. The combined company will capitalize on the growing healthcare industry with a portfolio of 52 million square feet, including one of the largest outpatient medical portfolios consisting of 40 million square feet.

According to Healthpeak President and CEO Scott Brinker, this merger brings together complementary strengths such as an internal property management platform and established industry relationships. He also expects immediate benefits for shareholders and a strengthened balance sheet for the combined company.

Brinker will continue as president and CEO while John T. Thomas from Physicians Realty will serve as vice chairman of the board. The merged entity will operate under Healthpeak Properties, Inc., but trade under Physicians Realty’s ticker symbol “DOC” on NYSE.

The new headquarters for the merged company will be located in Denver with other existing offices remaining operational.

In breaking news, two major players in real estate investment trusts (REITs), Healthpeak Properties, Inc. and Physicians Realty Trust have agreed to merge through an all-stock deal worth $21 billion dollars.The goal is to take advantage of growth opportunities within healthcare discoveryand delivery by combining their respective portfolios totaling 52 million square feet -including one that boasts over 40 million square feet dedicated solelyto outpatient medical facilities.

President & CEO Scott Brinker states that this partnership between companies offers mutually beneficial assets – specifically Physician’s internal property management platform along with well-established connections withinthe sector.This move is expected not only increase shareholder value immediately,but also improve overall financial stability going forward.Brinker remains at his post while counterpart John T.Thomas from Physician’s becomes Vice Chairman upon completionof this merger.HealthPeak retains its name although it plans trading under DOCon NYSE once finalized.Denver servesas headquartersfor both entities moving forwardwith current offices maintaining operations throughout various locations nationwide

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