Transaction Overview
One of the properties included in the portfolio was the three-story, 46,338 square foot Ewing Medical Office Building, 3701 W Avalon Park Blvd., Orlando, Fla.
Healthcare Real Estate Capital (“HRE Capital”) was selected as the exclusive financial advisor to Physicians Realty Trust (“DOC” or “Company”) related to the disposition of a 17-building, 462,714-square foot medical office portfolio (“Portfolio”) located across seven states (Florida, Georgia, Illinois, Indiana, North Carolina, Tennessee and Texas). The 96 percent occupied Portfolio included both on and off-campus buildings tenanted by investment grade or publicly traded national / regional health systems as well as large multi-specialty physician practices.
HRE Capital’s Role
On behalf of DOC, HRE Capital undertook an effort to identify a well-capitalized investor / operator (“Investor”) positioned to acquire the significant, geographically diverse Portfolio. HRE Capital engaged with a select number of medical office Investors able to consummate the acquisition of the Portfolio, which was concentrated in secondary and tertiary submarkets across the Southeastern United States, within a certain timeframe and pricing requirement. Due to HRE Capital’s successful track record with large-scale portfolio dispositions and the strength of the Portfolio, DOC achieved its various goals related to asset composition, timing, and pricing.
Healthcare Real Estate Capital
HRE Capital is a national advisory firm focused solely on the healthcare real estate sector. Our clients include many of the nation’s top healthcare providers and developers/investors of healthcare real estate. HRE Capital’s focused model provides clients with an unmatched level of relevant experience and independent transaction analysis, structuring, and execution capabilities. Providing both consultative and transaction oriented services, including asset/portfolio joint venture structuring, recapitalizations, dispositions, and other related real estate advisory services, HRE Capital’s senior management team has been involved with over $10 billion in healthcare real estate transactions.
Physicians Realty Trust
Founded in 2013, the Company (NYSE: DOC) is a self-managed healthcare real estate investment trust that acquires, owns, and manages healthcare properties that are leased to physicians, hospitals / health systems, and other healthcare providers. Headquartered in Milwaukee, Wisconsin, DOC has grown to become a medical office building focused REIT with an enterprise value exceeding $4 billion.
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