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DOC > SEC Filings for DOC > Form 8-K on 18-Sep-2013All Recent SEC Filings

Show all filings for PHYSICIANS REALTY TRUST



Completion of Acquisition or Disposition of Assets

Item 2.01. Completion of Acquisition or Disposition of Assets.

On September 18, 2013, a subsidiary of Physicians Realty Trust (the "Company") completed its acquisition of a 66-bed post-acute care specialty hospital, located in Plano, Texas, for $18.2 million from 6800 Preston Limited, a Texas limited partnership. The hospital is currently leased to New LifeCare Hospitals of North Texas, L.L.C. The term of the lease expires December 31, 2022, and the tenant has two five year extension options. The tenant's obligations under the lease are guaranteed by LifeCare Holdings, L.L.C., which operates 26 hospitals in nine states. The acquisition was funded with proceeds from the Company's recently completed initial public offering.

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