Healthpeak Properties Business Model Canvas

Healthpeak Properties (PEAK) strategically partners with seasoned senior living operators for its Continuing Care Retirement Communities (CCRCs). These operators handle the daily management, resident care, and services, aiming for top-tier senior living experiences. For instance, Healthpeak's collaboration with LCS as an operator has been instrumental in enhancing the performance of its CCRC portfolio, demonstrating the value of experienced management in this sector.

Healthpeak Properties' Key Partnerships are critical for its operational success and portfolio growth, primarily revolving around healthcare operators, life science companies, senior living managers, financial institutions, and development partners.

These collaborations ensure high occupancy rates, access to capital, and the development of specialized real estate. For example, in 2024, Healthpeak continued to leverage its relationships with life science tenants to drive leasing in its lab segment, a core component of its business strategy.

The company's financial partnerships are equally vital. Healthpeak's ability to secure substantial financing, such as the $500 million in senior unsecured notes issued in February 2025, directly supports its development and acquisition pipeline.

Securing and managing leases with healthcare operators is a core activity, focusing on attracting and retaining high-quality tenants. This includes negotiating favorable lease terms and fostering long-term partnerships.

Healthpeak Properties demonstrated strong leasing performance in the fourth quarter of 2024, executing lab lease agreements that spanned 652,000 square feet. This highlights their success in attracting new tenants to their facilities.

Maintaining robust tenant relationships is crucial for sustained success. In the second quarter of 2025, Healthpeak reported an impressive 85% tenant retention rate for their outpatient medical leases, underscoring their commitment to client satisfaction and long-term stability.

Healthpeak's key activities revolve around strategic property acquisition and development within the life science, medical office, and CCRC sectors. They also focus on originating financing for healthcare real estate, as seen with a $15 million loan in October 2024. Furthermore, active portfolio management, including in-house property management for 24 million square feet, and securing leases with high-quality tenants, such as 652,000 square feet of lab leases in Q4 2024, are central to their operations.

The company also actively manages its real estate portfolio through strategic sales and acquisitions, aiming to enhance quality and profitability. In 2024, they divested approximately $1.3 billion in non-core assets. Capital management is another critical activity, involving debt repayment, equity financing, and share repurchases, supported by substantial liquidity, with $2.3 billion available as of July 24, 2025.

Healthpeak Properties' expertise in healthcare real estate is a cornerstone of its business model. This specialized knowledge allows them to navigate the intricate regulatory landscapes and evolving industry trends that define healthcare properties. For instance, their deep understanding of life science lab space requirements and medical office building operational needs informs their strategic acquisitions and developments.

This profound insight into the healthcare sector enables Healthpeak to make exceptionally informed investment and portfolio management decisions. In 2024, the company continued to demonstrate this by actively managing its diverse portfolio, which includes a significant concentration in life science and medical office buildings, sectors known for their specific operational and capital expenditure demands.

Healthpeak Properties' key resources include its extensive portfolio of healthcare properties, strong relationships with healthcare providers, specialized industry expertise, significant financial capital, and a skilled management team. These elements collectively underpin its ability to operate, grow, and maintain a competitive edge in the healthcare real estate market.

The company’s strategic focus on life science and medical office buildings, which represent a substantial portion of its portfolio, highlights its commitment to sectors with strong demand drivers. As of the first quarter of 2024, Healthpeak's portfolio occupancy remained robust at 92.2%, demonstrating the stability derived from its tenant relationships.

Healthpeak's financial strength is a critical resource, evidenced by its substantial liquidity. As of July 24, 2025, the company reported approximately $2.3 billion in available liquidity, providing ample capacity for strategic investments and operational needs.

Healthpeak Properties offers healthcare providers a dependable, long-term real estate foundation, freeing them to concentrate on patient care rather than property complexities. This stability is crucial for organizations aiming for consistent operational performance.

Their strategic focus on outpatient medical buildings delivers economically viable options for patients seeking accessible healthcare services. In 2024, Healthpeak continued to expand its portfolio of these vital facilities, demonstrating a commitment to cost-effective patient access.

Healthpeak Properties provides specialized, high-quality real estate crucial for healthcare operations, from research labs to senior living facilities. This ensures tenants have compliant and efficient spaces, a key differentiator in the healthcare real estate market.

Their strategic placement in key metropolitan areas like Dallas and Atlanta, known for strong healthcare systems, ensures accessibility for patients and researchers. This focus on prime locations, a consistent strategy in 2024, enhances tenant visibility and patient traffic.

Healthpeak acts as a vital financial partner, offering access to capital for critical projects like facility expansions and technology upgrades. This financial enablement directly supports the growth and innovation of healthcare providers, a role that became even more pronounced in 2024 as the sector navigated evolving demands.

Healthpeak Properties prioritizes proactive communication to foster strong tenant relationships. This involves regular check-ins and prompt responses to inquiries, ensuring tenants feel valued and informed about their properties and relevant market shifts.

By actively engaging with tenants and addressing their needs, Healthpeak aims to enhance satisfaction. This commitment is reflected in their performance, with tenant satisfaction scores demonstrating a positive trend, showing year-over-year improvement.

Healthpeak Properties cultivates deep tenant relationships through customized space design and flexible lease terms, ensuring alignment with diverse operational needs across healthcare, life science, and senior living sectors. Their strategy emphasizes proactive collaboration and tailored solutions, fostering long-term partnerships built on mutual growth and tenant success.

Healthpeak Properties actively participates in key healthcare and real estate industry conferences. This engagement is crucial for building relationships with potential tenants, partners, and investors, while also providing a platform to highlight their extensive portfolio.

By presenting at these events, Healthpeak gains valuable insights into emerging market trends and competitive landscapes. For instance, in 2024, their presence at major real estate investment and healthcare innovation forums allowed them to directly connect with over 500 industry leaders, reinforcing their market position.

Healthpeak Properties utilizes a multi-faceted channel strategy to connect with its diverse stakeholder base. Direct engagement through internal leasing and sales teams fosters strong tenant relationships, particularly within its life science and medical office segments. This personalized approach was evident in 2023 when Healthpeak secured significant leasing volumes, demonstrating the effectiveness of these direct interactions.

Furthermore, Healthpeak actively participates in industry conferences, providing valuable face-to-face opportunities. In 2024 alone, their presence at key real estate and healthcare innovation forums facilitated connections with over 500 industry leaders, enhancing market visibility and partnership potential.

External brokerage and advisory firms broaden Healthpeak's reach, identifying new tenants and acquisition targets. The company also leverages financial news media and its investor relations website to disseminate critical financial data, such as their Q1 2024 FFO per share of $0.47, ensuring transparency and informed decision-making among investors and analysts.

Healthpeak Properties' Continuing Care Retirement Community (CCRC) segment caters to seniors desiring a complete spectrum of care, encompassing independent living, assisted living, and skilled nursing. This offering provides residents with a stable environment that can adapt to their evolving health needs, ensuring continuity and peace of mind.

The demand for these comprehensive senior living solutions is bolstered by a significant demographic trend: the aging population. In 2024, the number of Americans aged 65 and older is projected to reach over 56 million, representing a substantial and growing market for CCRC services.

Healthpeak's customer base is diverse, encompassing life science companies, medical providers, and senior living residents. These segments are united by their need for specialized, well-located real estate to facilitate their core operations and living needs. The company's strategic focus on these areas ensures a stable and growing demand for its properties.

The company also serves large healthcare systems and institutional investors. These clients are crucial for Healthpeak's growth, seeking strategic real estate solutions to expand their reach and operational efficiency. In 2024, Healthpeak continued to strengthen these relationships, recognizing their importance for long-term stability and expansion.

Healthpeak's success is built on understanding and catering to the distinct needs of each customer segment. From cutting-edge biotech firms requiring advanced lab spaces to seniors seeking comfortable and supportive living environments, Healthpeak's portfolio is designed to meet these varied demands effectively.

General and Administrative (G&A) expenses at Healthpeak Properties encompass essential corporate overhead. These costs include salaries for their administrative teams, everyday office expenditures, and other operational costs that aren't tied to specific properties.

Healthpeak has been actively working to streamline its G&A functions. A notable achievement in this area was a significant 25% increase in efficiency, realized following their merger with Physicians Realty Trust.

Healthpeak's cost structure is primarily driven by property operating expenses, which totaled $2.385 billion in 2024. Significant investments are also made in development and construction, with $148 million allocated to outpatient projects in Atlanta during the same year. The company also manages interest expenses on debt and general administrative costs, which have seen a 25% efficiency increase post-merger with Physicians Realty Trust.

Healthpeak Properties generates significant revenue through interest income derived from originating secured loans and various investments. This strategy not only diversifies their income but also fosters strategic alliances within the healthcare real estate sector.

In the fourth quarter of 2024 and extending into January 2025, Healthpeak actively originated loans, with figures reaching approximately $126 million. This demonstrates a consistent commitment to this revenue-generating avenue.

Healthpeak Properties' revenue is primarily driven by rental income from its three key segments: life science, medical office buildings, and continuing care retirement communities (CCRCs). In the second quarter of 2025, rental and related income alone accounted for $529.7 million of its $694.3 million total revenue.

Beyond rent, Healthpeak also generates income through interest on secured loans, having originated approximately $126 million in loans by January 2025. Furthermore, strategic asset sales are a notable revenue contributor, with the company divesting about $1.3 billion in non-core assets during 2024.

CCRCs add to revenue through resident fees and services, bringing in $148.9 million in Q2 2025. Development projects are also a growing revenue source, with Healthpeak anticipating mid-7% cash yields on its Atlanta outpatient developments.