Item 1.01. Entry into a Material Definitive Agreement.
On July 28, 2009, Healthcare Realty Trust Incorporated (the "Company") entered into loan application and commitment agreements (the "Commitment Agreements") with Teachers Insurance and Annuity Association of America for an aggregate of approximately $207.3 million in mortgage financing. The loans will bear interest at the fixed rate of 7.25% per annum and will mature seven years from the date of closing of the loans. The loans may be renewed at the Company's option for two one-year renewal periods, subject to a renewal fee of 50 basis points and other customary conditions. The loans will be subject to customary covenants, cross-collateralization, cross-prepayment and cross-default provisions.
The closing of the loans is expected to occur by September 30, 2009. The closing of the loans is subject to conditions, including: the negotiation of final loan documents; that no material adverse change has occurred to the Company's business or the properties securing the loans; solvency of the Company and its borrowing entities; appraisals and environmental assessments of the properties; and other conditions customary for loans of this type. The Company intends to apply the net proceeds of the loans to amounts outstanding under its unsecured credit facility due 2010.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 in this Current Report on Form 8-K is incorporated herein by reference.

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