IRVINE, Calif.—HCP, Inc., announced today that it has changed its name to Healthpeak Properties, Inc. (“Healthpeak”), effective today. Healthpeak’s common stock is expected to begin trading under its new name and ticker symbol “PEAK” on the New York Stock Exchange at the opening of trading on November 5, 2019.
“Changing our name to Healthpeak Properties represents the culmination of efforts to reposition our strategy, team, portfolio and balance sheet,” said Tom Herzog, Healthpeak’s CEO. “Over the last few years, we have successfully transitioned to a vastly improved and more focused portfolio that we expect to produce high-quality cash flows, consistent earnings and strong dividend growth through the cycles.”
“We have developed a more disciplined investment approach,” continued Herzog. “We are an innovative company at the forefront of providing premium real estate to the evolving healthcare industry, and are focused on delivering value to our shareholders, customers and employees.”
Healthpeak today announced the following leadership promotions, effective January 1, 2020:
Scott Brinker, in addition to his role as CIO, will be promoted to President. Brinker has contributed to the successful repositioning of Healthpeak’s portfolio with his deep industry experience and strong relationships. Brinker will assume full operational oversight of Healthpeak’s business segments, with the three business segment leaders reporting to him. He will also continue to be responsible for enterprise-wide investments and portfolio management, including acquisitions and dispositions. This promotion will enable stronger strategic alignment across our segments, accelerated decision-making and portfolio optimization.
Jeff Miller will be promoted to executive vice president, senior housing. In this expanded role, Miller will be responsible for oversight and execution of the senior housing segment, including advancing operational excellence.
Lisa Alonso will be promoted to executive vice president and chief human resources officer. Alonso will continue to oversee all human resource activities, while taking on greater leadership responsibilities and oversight. She will continue to enhance Healthpeak’s position as an employer of choice, focusing on a people-first culture that attracts, develops and retains top talent.
Additional announcements that are effective immediately: Barbat Rodgers has been promoted to senior director and will lead our investor relations effort, and Andrew Johns will head our financial planning and analysis team.
“Today’s announcements mark a significant milestone in Healthpeak’s 35-year history,” added Herzog. “With the right leadership, strategy, portfolio and balance sheet in place, coupled with an energized and talented team, the opportunities in front of us are many. It is an exciting time to be at Healthpeak, as we are well-positioned to create long-term value for all of our stakeholders.”
In addition to its new name, Healthpeak launched its redesigned website at healthpeak.com, which is more informative and easier to use. The previous site, hcpi.com, will redirect visitors to the new site, effective immediately.
About Healthpeak Properties
Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns and develops high-quality real estate in the three private-pay healthcare asset classes of Life Science, Senior Housing and Medical Office, designed to provide stability through the inevitable industry cycles. At Healthpeak, we pair our deep understanding of the healthcare real estate market with a strong vision for long-term growth. For more information regarding Healthpeak, visit www.healthpeak.com. Healthpeak’s common stock is expected to begin trading under its new name and ticker symbol “PEAK” on the New York Stock Exchange on November 5, 2019.
