DENVER, March 18, 2021 /PRNewswire/ -- Healthpeak
Properties, Inc. (NYSE: PEAK) announced today that it will proceed
with the densification of its Callan Ridge campus located at
3020-3030 Callan Road in the Torrey
Pines submarket of San
Diego. The project will nearly double the current leasable
area by replacing an outmoded 90,000 square foot building with a
new Class A two-building campus totaling approximately 185,000
square feet. Located in the heart of Healthpeak's 20+ acre Torrey
Pines Science Park, Callan Ridge will feature stunning
architecture, a green roof viewing deck with unparalleled coastal
and canyon views, as well as flexible floor plates and building
systems designed to support life science uses.
"We are extremely excited to kick off this incredible project
and continue to contribute to San
Diego's world-class life science ecosystem," said
Michael Dorris, Healthpeak's Senior
Vice President and Co-Head of Life Science.
Healthpeak is a pioneer in San
Diego life science real estate with a track record of
serving life science tenants for nearly 20 years. Callan Ridge
will be Healthpeak's second ground-up development start in the
Torrey Pines submarket since 2020,
following its leasing success at The Boardwalk, which is now 100%
committed and anticipated to be delivered for initial occupancy in
4Q 2021.
ABOUT HEALTHPEAK
Healthpeak Properties, Inc. is a fully integrated real estate
investment trust (REIT) and S&P 500 company. Healthpeak owns
and develops high-quality real estate in the three private-pay
healthcare asset classes of Life Science, Medical Office and CCRCs.
At Healthpeak, we pair our deep understanding of the healthcare
real estate market with a strong vision for long-term growth. For
more information regarding Healthpeak, visit
www.healthpeak.com.
FORWARD-LOOKING STATEMENTS
Statements in this release that are not historical factual
statements are "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These
statements include those regarding the Callan Ridge and The
Boardwalk developments. All forward-looking statements are made as
of the date hereof, are not guarantees of future performance and
are subject to known and unknown risks, uncertainties, assumptions
and other factors — many of which are out of Healthpeak's and its
management's control and difficult to forecast — that could cause
actual results to differ materially from those set forth in or
implied by such forward-looking statements. These risks and
uncertainties include but are not limited to: Healthpeak's ability
to commence and complete the development, or portions thereof, in
the contemplated timeframes or at all; the risk that Healthpeak may
not be able to achieve the benefits of the development within
expected timeframes or at all, or within expected cost projections;
the anticipated delivery of The Boardwalk; and other risks and
uncertainties described from time to time in Healthpeak's
Securities and Exchange Commission filings. You should not to place
undue reliance on any forward-looking statements. Healthpeak
assumes no, and hereby disclaims any, obligation to update any
forward-looking statements as a result of new information or new or
future developments, except as otherwise required by law.
CONTACT
Andrew Johns
Vice President – Corporate Finance and Investor Relations
720-428-5400
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SOURCE Healthpeak Properties, Inc.