TRANSACTIONS: DOC to acquire more Minnesota MOBs

Physicians Realty Trust agrees to buy additional facilities from developer Davis

By John Mugford

Included in a portfolio of three Minnesota assets that Physicians Realty Trust has agreed to acquire from Minneapolis-based Davis is the 147,926 square foot HealthEast Clinic & Specialty Center in the St. Paul suburb of Maplewood, Minn. Rendering courtesy of Davis

When Milwaukee-based Physicians Realty Trust (NYSE: DOC) acquired a portfolio of eight medical office buildings (MOBs) from The Davis Group in early 2015, officials with both firms said the transaction was likely the start of a new, ongoing relationship.

That relationship is continuing this fall with a recent deal between the two, as DOC agreed in mid-September to acquire three MOBs in the Twin Cities area from the Minneapolis-based developer, now known simply as Davis, for $88.7 million. 

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