Tom Herzog, president and CEO of Healthpeak Properties (NYSE: PEAK), participated in a video interview at Nareit’s REITworld: 2019 Annual Conference in Los Angeles.
Herzog said when he rejoined Healthpeak in 2016, then HCP, the executive management team began to restructure the company with four objectives in mind: to revise its strategy, modify its balance sheet, reposition its C-suite, and refresh its board.
“Three years later, it looked like an entirely different company, and we really thought it was a great time to change our name,” Herzog said.
Herzog also discussed Healthpeak’s three core business segments, life science, medical office, and senior housing, noting that they each provide stable cash flow growth.
“We really think that putting the three together allows us to have strong cash flow and dividend growth through the cycles,” he added.
Turning to Healthpeak’s recent silver award in Nareit’s inaugural Dividends Through Diversity and Inclusion (DDI) Recognition Awards, Herzog said DDI hiring practices allow for a fair playing field on any corporate team.