Exhibit 99.1
Healthpeak Properties Announces Changes to Executive Team
Scott Brinker Appointed President and Chief Executive Officer and Elected as Member of the Board
Tom Herzog Steps Down as Chief Executive Officer and Board Director
Scott Bohn Named Chief Development Officer and Adam Mabry Appointed Chief Investment Officer
DENVER, Oct. 6, 2022 /PRNewswire/ – Healthpeak Properties, Inc. (NYSE: PEAK) today announced that its Board of Directors (the “Board”) has appointed Scott Brinker, the Company’s President and Chief Investment Officer, as President and Chief Executive Officer, and elected him to the Healthpeak Board, effective immediately. Mr. Brinker succeeds Tom Herzog, who mutually agreed with the Board to step down as Chief Executive Officer and from the Board to pursue other endeavors.
Healthpeak also announced that Scott Bohn, Executive Vice President – Co-Head of Life Science, was appointed Chief Development Officer, in addition to retaining his role as Co-Head of Life Science, and Adam Mabry, previously Senior Vice President – Investments, was promoted to Chief Investment Officer.
“Healthpeak’s financial and operational results over the last several quarters underscore the momentum of the business, which positions it well to continue to succeed and deliver value,” said Brian Cartwright, independent Chairman of the Board. “On behalf of the Board, I want to thank Tom for his many contributions over his six-year plus tenure and setting a solid foundation for the business moving forward. Scott has played a critical role in Healthpeak’s performance and we are pleased that he will step into the CEO role and welcome him to the Board.”
Mr. Brinker served as President and Chief Investment Officer of Healthpeak since January 2020. He was previously Executive Vice President and Chief Investment Officer of the Company. Prior to joining Healthpeak in 2018, Mr. Brinker served in various investment and portfolio management-related roles at Welltower Inc., a healthcare REIT, between July 2001 and January 2017, most recently as its Executive Vice President and Chief Investment Officer.
On the appointment of Mr. Brinker, Mr. Cartwright continued, “Since joining Healthpeak, Scott has consistently proven his operational expertise, strategic acumen and experience driving growth and profitability. He has been essential in both shaping and executing our growth strategies while maintaining a disciplined approach to capital allocation. Scott is exceptionally qualified to serve as CEO and the Board is confident that he will continue to deliver long-term value for all our stakeholders.”
Mr. Brinker commented, “I am honored to step into this role and excited about Healthpeak’s future. I look forward to working closely with our world-class team and Board to capitalize on our scale and expertise in life science, medical office, and CCRC real estate. We expect our high-quality portfolio and platform to produce consistent internal growth through the inevitable market cycles. Our land bank and relationships should drive attractive opportunities for accretive external growth, while we remain disciplined about capital allocation. This is an exciting time to take the helm, as our operating results and balance sheet are in good shape amidst a more chaotic economic environment. I am grateful to Tom for his substantial efforts and I look forward to building on the successful foundation he built for Healthpeak.”