Healthpeak Properties, Inc. announced the results of its previously announced offers (the "Offers") to purchase for cash any and all of its outstanding $300 million aggregate principal amount of 4.250% Senior Notes due 2023 (the "2023 Notes"), $350 million aggregate principal amount of 4.200% Senior Notes due 2024 (the "4.200% 2024 Notes") and $800 million aggregate principal amount of 3.875% Senior Notes due 2024 (the "3.875% 2024 Notes," and together with the 2023 Notes and the 4.200% 2024 Notes, the "Securities") from each registered holder of the Securities (the "Holders"), which expired as of 5:00 p.m., New York City time, on January 27, 2021 (the "Expiration Time"). The Offers were made pursuant to an Offer to Purchase, dated January 21, 2021 (the "Offer to Purchase"), and the related notice of guaranteed delivery for the Offers (together with the Offer to Purchase, the "Offer Documents"), which set forth the terms and conditions of the Offers. As of the Expiration Time, according to information provided by Global Bondholder Services Corporation, the information agent and the tender agent for the Offers, a total of $111,936,000 aggregate principal amount of the 2023 Notes, $200,848,000 aggregate principal amount of the 4.200% 2024 Notes and $469,124,000 aggregate principal amount of the 3.875% 2024 Notes had been validly tendered and not validly withdrawn in the Offers, not including $1,205,000 aggregate principal amount of the 2023 Notes, $1,702,000 aggregate principal amount of the 4.200% 2024 Notes and $659,000 aggregate principal amount of the 3.875% 2024 Notes that have been validly tendered pursuant to the guaranteed delivery procedures described in the Offer Documents, which remain subject to the holders' performance of the delivery requirements under such procedures. The Offeror will accept for purchase all of the Securities that were validly tendered and not validly withdrawn and will pay the applicable Purchase Price, plus accrued and unpaid interest from the most recent interest payment date to, but excluding, the Settlement Date. In accordance with the terms of the Offers, the Offeror will pay the applicable purchase price (the "Purchase Price") for the Securities on January 28, 2021 (the "Settlement Date"). The Purchase Price to be paid for the 2023 Notes is $1,097.39, for the 4.200% 2024 Notes is $1,106.85 and for the 3.875% 2024 Notes is $1,112.20 for each $1000 principal amount of the respective Securities, in each case, plus accrued and unpaid interest on such Securities, if any, from the most recent interest payment date to, but excluding, the Settlement Date. With respect to Securities accepted for purchase that were tendered and are subsequently delivered in accordance with the guaranteed delivery procedures described in the Offer Documents, such tendering Holders will receive payment of the Purchase Price for such accepted Securities on February 1, 2021, plus accrued and unpaid interest thereon, if any, from the most recent interest payment date to, but excluding, the Settlement Date. The Offeror expects to use the net cash proceeds from closed senior housing dispositions to pay the Purchase Price, plus accrued interest to, but excluding, the Settlement Date, for all Securities that the Offeror purchases pursuant to the Offers. The Offeror expects to redeem any Securities that remain outstanding after the consummation of the Offers in accordance with the terms and conditions set forth in the applicable Indenture governing such Securities. However, the Offeror is not obligated to, and may choose not to, exercise its right to redeem any Securities.