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Equity Residential owns a portfolio of 299 apartment communities with around 80,000 units and is developing three additional properties with 977 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Southern California, San Francisco, Washington, D.C., New York, Seattle, and Boston.

Healthpeak owns a diversified healthcare portfolio of approximately 672 in-place properties spread across mainly medical office and life science assets, plus a handful of senior housing, hospital, and skilled nursing/post-acute care assets, as well.

Healthpeak Properties is a self-administered real estate investment trust that invests directly or through joint ventures in private-pay healthcare facilities in the United States. The company merged with Physicians Realty in March 2024. Along with the merger, the company changed its ticker from PEAK to DOC. DOC's assets include life science facilities, medical office buildings, small regional hospitals and medical centers, and CCRCs. Total 2024 revenues were $7.1 billion. Prior to the merger, Healthpeak's portfolio consisted of 477 and post-merger, the REIT had 733. At the end of 2024, the REIT had 33 projects in development and 697 total properties, of which about 75% were outpatient medical. Based on 2024 cash NOI, about one-fourth is from California properties and 10% is from Boston properties. About 40% of annual rents are from health systems and just under about 80% of total revenue has been from rental revenue, with the remainder from resident fees and interest income. The company's market cap is $14.3 billion.

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