DENVER--(BUSINESS WIRE)--Jan 12, 2026--
Healthpeak Properties, Inc. (NYSE: DOC), a leading owner, operator, and developer of real estate for healthcare discovery and delivery, today announced recent transaction activity totaling approximately $925 million, reflecting continued execution on the Company’s capital allocation strategy.
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With the addition of the 1.4-million square foot Gateway Boulevard campus, Healthpeak’s South San Francisco portfolio now spans 6.5 million square feet across 210 acres, further solidifying its leadership position in one of the world’s most dynamic biotechnology submarkets.
“Our recent transaction activity is directly aligned with the thesis we outlined on our October 2025 earnings call,” said Scott Brinker, Healthpeak’s President and Chief Executive Officer. “We are capitalizing on strong demand for outpatient medical real estate by selling fully stabilized assets at low-6% cap rates and reinvesting that capital into highly strategic life science assets in our core submarkets at low-6% going-in yields with meaningful upside through lease-up of the remaining vacancy. This strategy allows us to acquire irreplaceable assets in core submarkets at a significant discount to replacement cost while improving our submarket positioning and leveraging the scale and capabilities of our lab platform to create shareholder value.”
South SanFranciscoCampus Acquisition
In December 2025 and January 2026, Healthpeak closed on the acquisition of a 1.4-million square foot campus on 29 acres located on Gateway Boulevard in South San Francisco for a total of $600 million. The campus is approximately 60% occupied and includes a 15,000-square foot amenity building, along with significant additional density potential over time. The acquisition deepens and expands Healthpeak’s tenant relationships within the submarket. Healthpeak’s footprint in South San Francisco now totals approximately 6.5 million square feet across 210 acres, further solidifying its leadership position in one of the world’s most dynamic biotechnology submarkets.
Outpatient Medical Dispositions
During the fourth quarter of 2025, Healthpeak closed on outpatient medical dispositions totaling approximately $325 million, representing approximately 834,000 square feet of fully stabilized assets.
Healthpeak is in various stages of negotiation and execution on additional outpatient medical sales, recapitalizations, and loan repayments that could generate proceeds of approximately $700 million or more. These potential transactions would provide further flexibility to recycle capital into highly pre-leased outpatient medical developments, acquire assets with significant upside, and/or repurchase shares.
ABOUT HEALTHPEAK PROPERTIES
Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery. For more information regarding Healthpeak, visit www.healthpeak.com.
Included in the seven-building Gateway Boulevard campus is 751 Gateway Boulevard, a 231,000 square foot lab building fully leased to Genentech through September 2034.
HAVANA (AP) — Cuban President Miguel Díaz-Canel said Monday that his administration is currently not in talks with the U.S. government, a day after President Donald Trump threatened the Caribbean island in the wake of the U.S. attack on Venezuela.
Díaz-Canel posted a flurry of brief statements on X after Trump suggested that Cuba “make a deal, BEFORE IT IS TOO LATE.” He did not say what kind of deal.
Díaz-Canel wrote that for “relations between the U.S. and Cuba to progress, they must be based on international law rather than hostility, threats, and economic coercion.”
He added: “We have always been willing to hold a serious and responsible dialogue with the various US governments, including the current one, on the basis of sovereign equality, mutual respect, principles of International Law, and mutual benefit without interference in internal affairs and with full respect for our independence."
His statements were reposted by Cuban Foreign Minister Bruno Rodríguez on X.
On Sunday, Trump wrote that Cuba would no longer live off oil and money from Venezuela, which the U.S. attacked on Jan. 3 in a stunning operation that killed 32 Cuban officers and led to the arrest of President Nicolás Maduro.
Cuba was receiving an estimated 35,000 barrels a day from Venezuela before the U.S. attacked, along with some 5,500 barrels daily from Mexico and roughly 7,500 from Russia, according to Jorge Piñón of the Energy Institute at the University of Texas at Austin, who tracks the shipments.
The situation between the U.S. and Cuba is “very sad and concerning,” said Andy S. Gómez, retired dean of the School of International Studies and senior fellow in Cuban Studies at the University of Miami.
He said he sees Díaz-Canel’s latest comments “as a way to try and buy a little bit of time for the inner circle to decide what steps it’s going to take.”
Gómez said he doesn’t visualize Cuba reaching out to U.S. officials right now.
“They had every opportunity when President (Barack) Obama opened up U.S. diplomatic relations, and yet they didn’t even bring Cuban coffee to the table,” Gómez said. “Of course, these are desperate times for Cuba.”
Michael Galant, senior research and outreach associate at the Center for Economic and Policy Research in Washington, D.C., said he believes Cuba might be willing to negotiate.
“Cuba has been interested in finding ways to ease sanctions,” he said. “It's not that Cuba is uncooperative.”
Galant said topics for discussion could include migration and security, adding that he believes Trump is not in a hurry.
“Trump is hoping to deepen the economic crisis on the island, and there are few costs to Trump to try and wait that out,” he said. “I don’t think it’s likely that there will be any dramatic action in the coming days because there is no rush to come to the table.”
Cuba's president stressed on X that “there are no talks with the U.S. government, except for technical contacts in the area of migration.”
The island’s communist government has said U.S. sanctions cost the country more than $7.5 billion between March 2024 and February 2025.
Coto reported from San Juan, Puerto Rico.
The Cuban flag flies at half-mast at the Anti-Imperialist Tribune near the U.S. embassy in Havana, Cuba, Monday, Jan. 5, 2026, in memory of Cubans who died two days before in Caracas, Venezuela during the capture of Venezuelan President Nicolas Maduro by U.S. forces. (AP Photo/Ramon Espinosa)
