Seeking Alpha

Physicians Realty adds to portfolio

  • A couple of deals for Physicians Realty Trust (DOC) has the company inking a sale-leaseback transaction for a medical office building in Columbus, Ohio for $10.5M in cash, and completing the buyout of minority interests in two existing properties.
  • The Ohio deal is scheduled to close on November 27 and will be funded with cash on hand and a draw on the company's line of credit. The buyout deals were for $4.1M, combined. DOC also paid down about $4M of debt secured by the two properties - funded with a line of credit advance.
  • The healthcare real estate REIT is ahead about 5% since its July IPO.
  • Press release
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