Physicians Realty Invests $234M in Q1

MILWAUKEE—In just over 20 months since its initial public offering, Physicians Realty Trust has grown from $124 million to just over $1 billion in gross real estate assets. And in a very active first quarter, the healthcare real estate company invested another $234 million through 9 acquisitions of 23 properties located in 9 states. The collection of new properties contains 913,636 square feet of leasable space. In addition, the trust just purchased a general office building in Milwaukee that will serve as both an investment and its new headquarters.

“The Physicians Realty Trust Team has completed our busiest quarter yet, and we have achieved two very important milestones, furthering our commitment to building and managing our organization to deliver stable cash flow and outstanding total shareholder returns for the long term,” said John Thomas, president and chief executive officer, in a prepared statement. He did not return a call seeking additional comment.