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Physicians Realty Trust pur...

Updated Oct 28, 2024

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

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

$750,000,000

Units

330

Asset Type

MultiFamily

Closing

Dec 22, 2021

About this deal

AI

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.

On the Map

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$750,000,000

MultiFamily

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Players

Francesco Carriera

CBRE

Broker

$1.5B

vol

15 deals

Broker
PT
Physicians Realty TrustBuyer
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Jacksonville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $2.3M per unit across 330 units on a published $750M (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.02%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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