Healthpeak Properties, Inc. · NYSE:DOC
Healthpeak Properties — HCP — Merger or Acquisition (December 2010)
9 slides from Healthpeak Properties's merger presentation, Dec 14, 2010
Slide 1: Acquisitions Overview December 2010
Acquisitions Overview December 2010
Slide 2: Forward-Looking Statements
Forward-Looking Statements Some of the statements in this presentation may be “forward-looking statements” and HCP intends such forward-looking statements to be covered by the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. You are cautioned that forward-loo
Slide 3: HCP Announced Two Acquisitions Yesterday
HCP Announced Two Acquisitions Yesterday PF For Acquisitions $19 billion of assets 1,000+ assets Well–Balanced Portfolio (1) 38 % Post-Acute / Skilled Nursing 29 % Senior Housing 14 % Life Science 12 % Medical Office 7 % Hospital HCR ManorCare Real Estate Portfolio Buyout of Partner in HCP Ventures
Slide 4: National Real Estate Portfolio Transaction and structure provide further Safety and Growth for HCP
National Real Estate Portfolio Transaction and structure provide further Safety and Growth for HCP Strategic, High-Quality Acquisition HCR ManorCare Real Estate Portfolio Transaction Summary Strategic Results (1) Transaction cap rate assumes the unaccreted discount related to HCP’s debt investment i
Slide 5: Sector Leading Operator of Post-Acute / SNF / Assisted Living
Sector Leading Operator of Post–Acute / SNF / Assisted Living HCR ManorCare Overview: Largest provider of post–acute rehabilitative care and skilled nursing in the U.S. Industry leading quality mix of 71% of revenues Leading provider of Alzheimer’s & dementia care through its well–recognized Arden C
Slide 6: Long-term Master Lease with Strong Embedded Growth
Long–term Master Lease with Strong Embedded Growth Long–term, strategic relationship between the largest healthcare REIT and the largest provider of post–acute rehabilitative care & skilled nursing in the U.S. Arden Courts – Sterling Heights, MI MCHS York South – York, PA Entity level (guarantor) co
Slide 7: Ventures II Buyout Highlights
Ventures II Buyout Highlights Transaction Acquisition of JV Partner’s 65% interest in Ventures II for total consideration of approximately $560M ($137M cash consideration plus the assumption of $423M in-place Fannie Mae debt), based on total portfolio value of $860M Projected year 1 cap rate of 7.7%
Slide 8: Accretive Transactions Improve Dividend Payout & Credit Profile
Accretive Transactions Improve Dividend Payout & Credit Profile Pro forma results reflect the impact of HCR ManorCare and Ventures II transactions on a full-year run rate/normalized basis. See Appendix for assumptions and discussion of the use of non-GAAP financial measures. Full–year Run Rate FFO/F
Slide 9: Appendix
Appendix This presentation includes defined terms and various non-GAAP financial measures. The Company has provided reconciliations of historical measures to the most comparable historical GAAP measures as well as certain related disclosures in its supplemental information packages which are availab