Healthpeak Properties, Inc. (NYSE: PEAK) and Physicians Realty Trust (NYSE: DOC) have announced they have entered into a definitive agreement to combine in a stock-for-stock merger valued at approximately US$21 billion. Under the terms of the agreement, each Physicians Realty Trust common share will be converted into 0.674 of a newly issued Healthpeak common share. The combined company will be the leading real estate platform dedicated to healthcare discovery and delivery with a 52 million square foot portfolio.
Latham & Watkins LLP advised Healthpeak in the transaction with a corporate deal team led by New York/Orange County partner Charles Ruck, New York partner Andrew Elken and Orange County partner Darren Guttenberg, with associates Brian Umanoff, Peter Bassine, Jack Vanderford, AJ Blair, Erik Jensen, Danny Del Giorno, Viva Jerónimo, Lexi Zintel, and Eric Finkelberg*. Advice was also provide on real estate matters by Orange County partners David Meckler and Hilary Shalla Strong; on antitrust matters by Bay Area partner Joshua Holian and Washington, D.C. counsel Peter Todaro; on tax matters by Century City partner Pardis Zomorodi and counsel William Kessler, with associate Kevin Bagnall; on benefits and compensation matters by Los Angeles partner David Taub, with associate Megan Ampe; on labor matters by Chicago partner Nineveh Alkhas; on environmental matters by Los Angeles partner Aron Potash, with associates Jacqueline Zhang and Kate Johnstone; on IP matters by Orange County counsel David Kuiper, with associate Nick Goshgarian; on data privacy matters by Bay area partner Robert Blamires, with associate Kiara Vaughn; on capital markets matters by New York partner Benjamin Stern and Century City partner Lewis Kneib; with associates Devon MacLaughlin and Grace Garcea; on finance/banking matters by New York partner Carlos Alvarez and Washington, D.C. partner Manu Gayatrinath, with associates Marie Greenman, Ashley Rose, Jacqueline Rugart, and Mahika Narula.
*Admitted to practice in New York.