Scott M. Brinker Of Healthpeak Properties Acquires Gateway Boulevard Life Sciences Campus For $600M

Healthpeak Properties acquired the Gateway Boulevard healthcare campus located in South San Francisco. The transaction involved a sale price of $600 million for a 1.4 million-square-foot property situated on 29 acres.

Summary of transaction details:

• Property Type: Life Sciences
• Transaction Amount: $600,000,000
• Square Footage: 1,400,000
• Price Per Square Foot: $429
• Address: Gateway Boulevard
• Market: South San Francisco
• Acres: 29
• Buyer: Scott M. Brinker - Healthpeak Properties

This acquisition marks a significant expansion for Healthpeak Properties, increasing its local footprint to 6.5 million square feet across 210 acres. The purchase is part of $925 million in recent transactions, partially funded by $325 million from outpatient asset sales, aligning with Healthpeak’s capital allocation strategy amid strong demand in the life sciences sector.