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Healthcare Realty Trust Selling $1.7B in Assets

The divestiture of 37 properties this month will help complete the merger with Healthcare Trust of America.

By Jack Rogers | July 13, 2022 at 07:53 AM

Healthcare Realty Trust is preparing to sell $1.7B in assets, with proceeds from $1.1B of these divestitures funding the REIT’s merger with Healthcare Trust of America.

HRT disclosed this week it is under contract with five counterparties to sell 27 properties worth a total of $807M in asset sales and joint venture transactions. The REIT also said it has letters of intent with three counterparties to sell 10 additional properties for $295M, all at a blended cap rate of 4.8%.

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