Physicians Realty Trust Acquires Medical Office Portfolio For $750M In Multi-Market Transaction

The Medical Office Portfolio, located in Jacksonville FL, Jackson MISS, Petoskey MI, Sterling Heights MI, Lafayette Louisiana, Rochester Hills Mich, Kansas City MO, Old Bridge NJ, Erie PA, Hampton VA, Bay City MI, Grosse Pointe, MI, and Yulee FL, has been sold in a transaction valued at approximately $750,000,000. The portfolio consists of 1,400,000 square feet of medical office space, with a price per square foot of $54.

Summary of transaction details

• Property Type: Medical Office
• Transaction Amount: $750,000,000 (Approx.)

Physicians Realty Trust has acquired the Medical Office Portfolio from Landmark Healthcare Facilities. John T. Thomas captured the image accompanying this article, which was taken on 12/22/2021.