Companies & People: Physicians Realty Trust expands portfolio with recent buys, buyouts,

MILWAUKEE – Milwaukee-based Physicians Realty Trust (NYSE: DOC), which completed its initial public offering (IPO) of more than 10.4 million shares of common stock, recently expanded its portfolio with two recent transactions.

First, the publicly traded real estate investment trust (REIT) executed a contract to purchase and lease back an MOB in Columbus, Ohio, that was owned and occupied by Central Ohio Neurosurgical Surgeons Inc. for $10.5 million in cash. Physicians Realty Trust purchased the property with cash on hand and/or advances from its line of credit. The neurosurgical group entered a new 15-year absolute net master lease with the REIT, with a first-year cash yield of 7.95 percent and annual rent increases of 2 percent.

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