Physicians Realty Trust issues $1.7 million in stock

Prepares for planned medical facility acquisitions

health care system

Last updated on May 15th, 2019 at 05:00 pm

Milwaukee-based Physicians Realty Trust has issued $1.7 million in stock to six investors in exchange for a health care facility, according to a filing with the SEC Thursday.

The real estate investment trust, which acquires health care facilities and leases them back to medical providers, would not disclose which building purchase the new fund will go toward, but it has several acquisitions in the works.

PRT last week issued $19.3 million in shares as part of its $29.4 million purchase of Northwest Michigan Surgery Center in Traverse City, Michigan.

The company revealed in its third quarter earnings last week it also expects to close on a $4.5 million facility in a larger 50-plus building medical office portfolio it is buying from Catholic Health Initiatives in the fourth quarter. And it plans to acquire a $33.4 million medical office facility in Omaha, Nebraska, occupied by the Creighton University Medical Center, in early 2017.

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Molly Dill, former BizTimes Milwaukee managing editor.

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