Strong Outpatient Medical Performance
The Outpatient Medical segment showed robust same-store growth of 5%, driven by strong tenant retention and positive rent mark-to-market of 4.1%. Nearly 1 million square feet of leases were executed in the quarter.
Senior Housing Segment Growth
Senior Housing portfolio achieved a significant 16% same-store growth, driven by a 100 basis point increase in occupancy and rate growth of approximately 6%.
Solid Balance Sheet Management
Healthpeak issued $500 million unsecured notes at a rate of 5.375%, ending the quarter with 5.2x net debt to EBITDA and $2.8 billion of available liquidity.
Strategic Partnership for Development
Healthpeak partnered with Hines for the development of the residential component of their West Cambridge master plan, positioning the project for long-term success.