Physicians Realty Trust on Monday said it has signed a contract
to buy a Columbus, Ohio-based medical building, in addition to
buying out its partners that held minority interests in two of
the trust’s existing properties.
a company statement, Milwaukee-based Physicians Realty is paying
$10.5 million for the Columbus building, which it will lease
back to the sellers, Central Ohio Neurosurgical Surgeons Inc.
The sale is scheduled to close on Wednesday, the statement said.
acquisition of this Columbus, Ohio facility, which is home to
one of the most respected neurosurgical practices in the
Midwest, provides Physicians Realty Trust with the opportunity
to partner with high-quality physicians in a thriving specialty
practice, as well as a national operator like Meridian Surgical
said John Thomas, president and CEO of Physicians Realty Trust.
addition, the long-term lease will generate a predictable
revenue stream, enhancing our ability to provide reliable
dividends to our shareholders.”
The trust on
Friday also completed the buyout of the minority interests in
two existing properties, the Remington Medical Commons and
Valley West Medical Office Building, which resulted in the
company owning 100 percent of the suburban Chicago facilities.
price of the minority interests was $4.1 million.