Physicians Realty Trust Closes USD 750m Landmark Healthcare Portfolio Acquisition.

MANews-(C)2009-2021

US-based self-managed health care real estate investment trust Physicians Realty Trust (NYSE: DOC) has closed the pending purchase of medical office facilities from Landmark Healthcare Facilities LLC, the company said.

The transaction included 14 Class-A medical office buildings located in eight states, comprising 1,434,672 square feet, for an aggregate purchase price of approximately USD 750m and an expected first-year unlevered cash yield of 4.9%.

One property subject to the company's previously reported transaction agreements will not be contributed to DOC, as the tenant health care system elected to exercise their Right of First Refusal.

This asset, totaling 24,972 GLA, had been under contract for a purchase price of USD 14.25m.

Physicians Realty Trust is a self-managed health care real estate...

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