Correction: Healthpeak Sells 49% Of Property Portfolio To Form $2.1 Bln JV With Brookfield

India, July 20 -- Correction: corrects the JV value as $2.1 bln in the headline and the first paragraph

Healthpeak Properties, Inc. (DOC) and Brookfield Asset Management (BAM,BAM.TO) announced on Monday that they have formed a $2.1 billion long-term strategic capital partnership through a joint venture involving a portfolio of outpatient medical buildings across the U.S.

Healthpeak contribution is comprised of 86 properties totaling around 5.6 million square feet of around $2.1 billion.

In the JV, Healthpeak will have a controlling interest of 51 percent, while Brookfield will hold 49 percent. Healthpeak received gross proceeds of around $1.025 billion from the sale of 49% interest to Brookfield with a valuation of around $380 per square...