secwatch.observer — SEC 8-K summary
======================================

Issuer:     HEALTHPEAK PROPERTIES, INC. (DOC)
CIK:        0000765880
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0001104659-23-112345
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Healthpeak and Physicians Realty Trust to combine in $21B all-stock merger of equals
--------------------------------------------------------------------------------

- Each DOC share converts to 0.674 PEAK share; pro forma PEAK owns 77%, DOC 23%.
- Expected close in H1 2024; run-rate synergies at least $40M by Y1, up to $60M by Y2.
- Combined company to trade as DOC; Scott Brinker CEO, John Thomas Vice Chair of Board.
- Pro forma portfolio 52M sq ft (40M outpatient medical); dividend set at $1.20/share annualized.
- Pro forma net debt/EBITDAre low 5x; new $500M term loan at SOFR+85 bps assumed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/765880/000110465923112345/0001104659-23-112345-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/765880/000110465923112345/tm2329359d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-112345

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer