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Healthcare Realty Trust Spends $121M on Medical Office Buys in Virginia, Indiana and Georgia

In the aggregate, the four buildings are 87.7% leased and were acquired at an average capitalization rate of 5.3%. The properties expand Healthcare Realty’s presence in three of its top markets and extend its relationships with three market leading, investment-grade health systems.

Seavest Healthcare Properties of White Plains, NY sold the two-building medical office building complex in Fairfax, VA to Healthcare Realty Trust for $46 million. Seavest Healthcare Properties of White Plains, NY sold the two-building medical office complex in Fairfax, VA to Healthcare Realty Trust for $46 million.

NASHVILLE—Locally-based Healthcare Realty Trust Inc. reports it has acquired four medical office buildings in three transactions for an aggregate price of $121 million.

The REIT states that it primarily funded the purchases with the net proceeds of $115.9 million from the company’s equity offering completed on March 19.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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