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Healthpeak Properties Enters Into $236M Joint Venture with Breakthrough Properties Through Sale Of 65% Interest In Callan Ridge Lab Campus

Author: Benzinga Newsdesk | January 10, 2024 04:17pm

The formation of the 65% Breakthrough / 35% Healthpeak joint venture values Callan Ridge at $236 million, or $1,275 per square foot, and represents a stabilized cash capitalization rate of 5.3% based on the initial annual rental rate of approximately $67 per square foot.

Posted In: PEAK


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