Healthpeak Properties Appoints Jim Connor to its Board of Directors

Rhea-AI Summary

Healthpeak Properties (NYSE: PEAK) announced the immediate appointment of James B. Connor as an independent director to its Board of Directors, expanding the Board to eight members with an average tenure of seven years. Mr. Connor brings over 20 years of real estate experience, previously serving as CEO of Duke Realty Corporation until its acquisition by Prologis in October 2022. His extensive background includes leadership roles at Cushman & Wakefield. Healthpeak's Chairman Brian Cartwright and CEO Scott Brinker expressed confidence in Connor's ability to enhance the Board's expertise in development and commercial real estate, particularly focusing on sectors supporting aging populations.

Positive

• Jim Connor's extensive experience in real estate and leadership will enhance the Board's expertise.
• Connor's past success as CEO of Duke Realty may bring strategic insights to Healthpeak.

Negative

• Potential concerns regarding continuity in leadership due to the addition of a new director.

DENVER, March 14, 2023 /PRNewswire/ -- Healthpeak Properties, Inc. (NYSE: PEAK) announced today the appointment of James B. "Jim" Connor as an independent director to its Board of Directors, effective immediately. The appointment of Mr. Connor expands the Board to eight directors, with an average director tenure of approximately seven years.

Mr. Connor has extensive real estate experience, having most recently served as Chairman and Chief Executive Officer of Duke Realty Corporation until its acquisition by Prologis, Inc. in October 2022. He held a variety of leadership positions at Duke Realty for over 20 years. Before joining Duke Realty, Mr. Connor held executive and brokerage positions with Cushman & Wakefield, most recently serving as Senior Managing Director for the Midwest Region. He currently serves on the boards of Prologis, Inc. and EPR Properties, and is the Vice Chair of Roosevelt University Board of Trustees.

Brian Cartwright, Healthpeak's Chairman of the Board, stated, "Jim is a highly-respected and successful REIT CEO who helped create a world-class organization at Duke Realty with strong internal and external growth. With his deep knowledge of commercial real estate, Jim will be an invaluable resource to the Company."

"We are pleased to have Jim join Healthpeak's talented Board of Directors," said Scott Brinker, Healthpeak's President and Chief Executive Officer. "His deep experience in development, commercial real estate, and publicly-traded REITs will complement the strong and diverse skillset of our Board."

Mr. Connor noted, "I am excited about Healthpeak's unique focus on real estate sectors benefitting from the aging population and the desire for improved health. The Company's strong balance sheet, platform, and entrepreneurial and collaborative culture drove my interest in joining the Board."

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 healthcare real estate focused on the aging population and the desire for improved health, in particular Life Science, Medical Office and CCRC. For more information regarding Healthpeak, visit www.healthpeak.com.

CONTACT 
Andrew Johns, CFA 
Senior Vice President – Investor Relations 
(949) 407-0400

 

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SOURCE Healthpeak Properties, Inc.

FAQ

Who is James Connor and what is his role with Healthpeak Properties?

James B. Connor is an independent director appointed to Healthpeak Properties' Board of Directors, bringing extensive real estate experience.

What experience does James Connor bring to Healthpeak Properties?

Mr. Connor has over 20 years of experience in real estate, including leadership roles at Duke Realty Corporation and Cushman & Wakefield.

Why is James Connor's appointment significant for Healthpeak Properties?

Connor's expertise in commercial real estate and REITs is expected to enhance the Board's capabilities and strategic direction.

When was James Connor appointed to Healthpeak Properties' Board?

James Connor was appointed as an independent director on March 14, 2023.