Breakthrough Services, L.L.C. acquired 65% stake in Callan Ridge from Healthpeak Properties, Inc. for approximately $130 million.
January 10, 2024
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Breakthrough Services, L.L.C. entered into definitive agreement to acquire 65% stake in Callan Ridge from Healthpeak Properties, Inc. (NYSE:PEAK) in December 2023. Healthpeak Properties received an $8 million nonrefundable deposit upon completion of due diligence in December 2023. Healthpeak Properties, the project's developer will retain a 35% interest.
Breakthrough Services, L.L.C. completed the acquisition of 65% stake in Callan Ridge from Healthpeak Properties, Inc. (NYSE:PEAK) for approximately $130 million on January 10, 2024.
Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT). The Company acquires, develops, owns, leases, and manages healthcare real estate across the United States. Its strategy is to invest in and manage real estate focused on healthcare discovery and delivery. It has a diversified portfolio of high-quality healthcare properties across three core asset classes of lab, outpatient medical, and continuing care retirement community (CCRC) real estate. The Companyâs segments include Lab, Outpatient medical and CCRC. The lab segment properties contain laboratory and office space, are leased primarily to biotechnology, medical device and pharmaceutical companies, scientific research institutions, government agencies, and other organizations involved in the life science industry. The Outpatient Medical segment includes outpatient medical buildings and hospitals. Outpatient medical buildings typically contain physiciansâ offices and examination rooms.
HEALTHPEAK PROPERTIES, INC. 
