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

Property Image
SOLD
$750,000,000
Faron Thompson
Drew Markley
+ 8

Florida

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MultiFamily
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Property Image
SOLD

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

MultiFamily
Sold
Faron Thompson
Drew Markley
+ 8
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

Francesco (Frank) Carriera
15 deals$1.5B volume
BROKER

Michael Regan
CBRE
14 deals$1.5B volume
BROKER

Errol Blumer
4 deals$858M volume
BROKER

Chris Conklin
9 deals$1.1B volume
BROKER

Ryan Saunders
NorthMarq
2 deals$815M volume
BROKER

Andrea Howard
NorthMarq
12 deals$1.5B volume
BROKER

Allan Lynch
NorthMarq
9 deals$1.4B volume
BROKER

Austin Jackson
NorthMarq
9 deals$1.2B volume
BROKER

Faron Thompson
NorthMarq
5 deals$951M volume
BROKER

Drew Markley
NorthMarq
2 deals$815M volume
BROKER

Ryan Whitaker
NorthMarq
5 deals$955.8M volume
BROKER

BUYER

Details

SOLD
IMAGE: John T. Thomas DATE: 12/22/2021 ADDRESS: Medical Office Portfolio MARKET: 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 & Yulee FL ASSET TYPE: Medical Office BUYER: Physicians Realty Trust SELLER: Landmark Healthcare Facilities SALE PRICE: $750,000,000 (Approx.) SF: 1,400,000 ~ PPSF: $54

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

$40,000,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,664,591.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,555,382.63
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