Milwaukee-based health care real estate investment trust Physicians Realty Trust, has closed on the acquisition of two medical buildings worth a combined $21.4 million.
The company acquired a 44,269-square-foot single-tenant medical office building in Jackson, Miss. from MSMOC Properties LLP for $16.7 million and Carmel Medical Pavilion in Carmel, Ind. for $4.7 million. PRT is leasing the building space back to its existing tenants, Mississippi Sports Medicine and Orthopaedics Center and St. Vincent Health-Carmel.
“The Mississippi Sports Medicine and Orthopaedics Center is a fantastic addition to our portfolio and we look forward to working with this group of leading orthopedic surgeons for years to come. We are also very pleased with the opportunity to work with St. Vincent’s and acquire important medical real estate leased to a Top 100 Hospital in the United States located in a community selected in 2012 as the Best Place to Live in America by CNN Money Magazine. Both of these investments are consistent with our long-term strategic goals of building a portfolio of high quality medical office buildings leased to the top tier physicians and providers,” said John Thomas, chief executive officer of Physicians Realty Trust.