Young provided a glimpse into the thinking behind these and other property purchases the REIT has made when he announced the new acquisitions.

One of the company's criteria is to buy properties leased to leading clinical operators with dominant market share, he explained. But, as the REIT assembles its portfolio it has found that these acquisition parameters apply in a wide variety of areas. Specifically, he said:

In some cases, where markets are highly competitive, we may choose to add properties, such as [the Oklahoma Center for Orthopedic & Multi-Specialty Surgery] with relatively lower cap rates than our overall corporate average when it serves our broader strategy. At the same time, we have been able to balance our overall portfolio with higher than average cap rate deals in less competitive areas, such as [the Great Bend Regional Hospital] which carries a cap rate of 8.75%. We believe our strategy results in a well-diversified property portfolio which best positions us to build value for our shareholders over the long term.

Young did not return a call to GlobeSt.com seeking comment.

Once these deals have closed Global Medical REIT will have made some $310 million in investments over the course of the last six or so months.

Last July the company raised $150 million of gross proceeds in its initial public offering netting $137 million. From there it has been on an acquisition spree, steadily picking up properties.

Some two months after its IPO, it closed on its first set of multiple acquisitions, 11 buildings, for $30.8 million, across the three projects: the Brown Clinic in Watertown, SD; the Northern Ohio Medical Specialists portfolio in Northern Ohio; and the Prospect Medical Office Building in East Orange, NJ.

It then executed contracts for three additional acquisitions with a combined purchase price of approximately $15.2 million.

In December it went under contract to buy from Healthcare Realty Trust three rehabilitation hospitals for $68 million.

BETHESDA, MD–Global Medical REIT has closed on, or has under contract, nine healthcare facilities for a total of $103.4 million. The properties are spread across the US; they include the Great Bend Regional Hospital in Kansas, the Geisinger imaging center and clinic in central Pennsylvania, the Southwest Florida Neurological & Rehabilitation Associates building in Cape Coral, Fla., a three-asset portfolio in Oklahoma City, Las Cruces, NM, and Prescott, Ariz., and the South Lake Heart & Vascular Institute in Clermont, Fla.

This chart breaks down the purchase price and cap rates for each building.

These buildings will add more than 258,000 square feet to the REIT's property portfolio for a total of 924,000, according to the REIT's CEO David Young.

Young provided a glimpse into the thinking behind these and other property purchases the REIT has made when he announced the new acquisitions.

One of the company's criteria is to buy properties leased to leading clinical operators with dominant market share, he explained. But, as the REIT assembles its portfolio it has found that these acquisition parameters apply in a wide variety of areas. Specifically, he said:

In some cases, where markets are highly competitive, we may choose to add properties, such as [the Oklahoma Center for Orthopedic & Multi-Specialty Surgery] with relatively lower cap rates than our overall corporate average when it serves our broader strategy. At the same time, we have been able to balance our overall portfolio with higher than average cap rate deals in less competitive areas, such as [the Great Bend Regional Hospital] which carries a cap rate of 8.75%. We believe our strategy results in a well-diversified property portfolio which best positions us to build value for our shareholders over the long term.

Young did not return a call to GlobeSt.com seeking comment.

Once these deals have closed Global Medical REIT will have made some $310 million in investments over the course of the last six or so months.

Last July the company raised $150 million of gross proceeds in its initial public offering netting $137 million. From there it has been on an acquisition spree, steadily picking up properties.

Some two months after its IPO, it closed on its first set of multiple acquisitions, 11 buildings, for $30.8 million, across the three projects: the Brown Clinic in Watertown, SD; the Northern Ohio Medical Specialists portfolio in Northern Ohio; and the Prospect Medical Office Building in East Orange, NJ.

It then executed contracts for three additional acquisitions with a combined purchase price of approximately $15.2 million.

In December it went under contract to buy from Healthcare Realty Trust three rehabilitation hospitals for $68 million.