The all-stock deal had been valued at approximately $21 billion . The REIT’s portfolio includes 15 continuing care retirement communities in Washington, DC (1), and five states: Alabama (1), Florida (9), Michigan (1), Pennsylvania (2) and Texas (1) . Life Care Services operates 13 of the CCRCs, and Sunrise Senior Living operates two of them. The combined company will operate under the name Healthpeak Properties .