BREAKING: HCP Changes Name to Healthpeak Properties, Announces Series of Executive Promotions

IRVINE, Calif. — HCP Inc. (NYSE: HCP), one of the “Big Three” seniors housing REITs, has changed its name to Healthpeak Properties Inc. effective immediately. Its stock will begin trading under its new ticker symbol (NYSE: PEAK) starting Nov. 5.

“Changing our name to Healthpeak Properties represents the culmination of efforts to reposition our strategy, team, portfolio and balance sheet,” says Tom Herzog, the company’s CEO. “Over the last few years, we have successfully transitioned to a vastly improved and more focused portfolio that we expect to produce high-quality cash flows, consistent earnings and strong dividend growth through the cycles.”

Concurrent with the name change, Healthpeak announced several executive promotions to take effect Jan. 1, 2020.

Scott Brinker, in addition to his role as chief investment officer, will be promoted to president. “Brinker contributed to the successful repositioning of Healthpeak’s portfolio with his deep industry experience and strong relationships,” according to a press release from the company. He will assume full operational oversight of Healthpeak’s business segments, with the three business segment leaders reporting to him. He will also continue to be responsible for enterprise-wide investments and portfolio management, including acquisitions and dispositions.

Jeff Miller will be promoted from senior vice president senior housing asset management to executive vice president of senior housing. In this expanded role, he will be responsible for oversight and execution of the seniors housing segment.

Lisa Alonso will be promoted from senior vice president of human resources to executive vice president and chief human resources officer. She will continue to oversee all human resource activities, while taking on greater leadership responsibilities and oversight.

Lastly, the company made two promotions effective immediately: Barbat Rodgers was promoted to senior director and will lead investor relations effort, while Andrew Johns will now head the financial planning and analysis team.

Irvine-based Healthpeak made big news around a month ago when it announced it was restructuring its relationship with operational giant Brookdale to the tune of $1 billion in transactions. In those transactions, many still in process, HCP bought Brookdale’s majority stake in 12 continuing care retirement communities, put three more on the market, and sold 18 triple-net-leased properties to Brookdale. The companies also restructured their remaining properties together under a single master lease.