Milwaukee-based health care real estate investment trust Physicians Realty Trust has announced a public offering of 15 million common shares.
The company also gave underwriters the option to purchase another 2.25 million shares. The shares will trade on the New York Stock Exchange under DOC.
The net proceeds of the offering, which has not yet been priced, will be used to pay down debt and for general corporate and working capital purposes, the company said. The funds may be used for acquisitions and development.
In September, PRT raised about $126.3 million through a public offering of 9 million common shares.
PRT also announced today that it completed $81.7 million in investments in medical facilities in November and December. In total, it invested more than $552 million in medical real estate around the country in 2014.
