Healthpeak Properties, Inc. · NYSE:DOC
Healthpeak Properties — HCP — Merger or Acquisition (October 2019)
8 slides from Healthpeak Properties's merger presentation, Oct 1, 2019
Slide 1: Investor Presentation – Brookdale Transaction October 2019
INVESTOR PRESENTATION – BROOKDALE TRANSACTION OCTOBER 2019 Freedom Pointe at the Villages (Orlando, FL)
Slide 2: Disclaimers and Forward-Looking Statements
DISCLAIMERS This presentation is being presented by HCP, Inc. (“HCP” or the “Company”) solely for your information, is subject to change and speaks only as of the date hereof. This presentation and comments made by management do not constitute an offer to sell or the solicitation of an offer to buy
Slide 3: Transaction Overview
TRANSACTION OVERVIEW HCP, Inc. (“HCP”) and Brookdale Senior Living Inc. (“Brookdale”) have agreed to a series of transactions related to its jointly owned 15 property(1) CCRC portfolio and the Brookdale NNN portfolio CCRC Transactions • HCP to acquire Brookdale’s 51% joint venture interest in 12 CCR
Slide 4: Transaction Overview – Brookdale Key Stats Before and After
TRANSACTION OVERVIEW – BROOKDALE KEY STATS BEFORE AND AFTER Annualized CCRC NNN Other Annualized As Reported Transactions Transactions Transactions(2) Pro-Forma (6/30/19)(1) HCP Brookdale 78 (15) (18) (2) 43 Properties HCP Brookdale 15,498 (7,270) (2,015) (295) 5,918 Units HCP Brookdale Cash NOI and
Slide 5: Indicative Year One Financial Impact
INDICATIVE YEAR ONE FINANCIAL IMPACT Dollars in millions except for per share Sources and Year One Estimated Per Share Footnote Uses Impact(1) Impact Uses Acquire 51% of 12 CCRCs ($510) $52 2 Termination Fee to BKD (100) 3 Lower LCS Management Fees 7 4 Transaction Costs (25) Total Uses ($635) $59 $0
Slide 6: HCP CCRC Portfolio Properties
HCP CCRC PORTFOLIO PROPERTIES Holland, MI The Villages, FL Chester County, PA Freedom Village at Holland Freedom Pointe at the Villages Freedom Village at Brandywine Leesburg, FL Clearwater, FL Jacksonville, FL Lake Port Square Regency Oaks Clearwater Cypress Village LCS OVERVIEW • Privately held co
Slide 7: Properties List
PROPERTIES LIST Property Name Location Property Type Status Village at Gleannloch Farms Spring, TX CCRC To be 100% Owned Freedom Village at Holland Holland, MI CCRC To be 100% Owned Galleria Woods Birmingham, AL CCRC To be 100% Owned South Port Square Port Charlotte, FL CCRC To be 100% Owned Lake Po
Slide 8: Buc
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