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Stock Market & Financial Investment News

News Breaks
February 11, 2014
08:35 EDTDOCPhysicians Realty Trust to purchase four FL oncology radiation centers
Physicians Realty Trust announced that on February 10, the company, through its operating partnership, Physicians Realty L.P., entered into an Agreement of Sale and Purchase with entities primarily owned by Dr. Alan Porter to purchase four medical office buildings located in Sarasota, Venice, Engelwood and Port Charlotte, Florida. The buildings total approximately 44,295 square feet, are 100% occupied as of February 7 and are being acquired for approximately $17.5M, representing a first year cash yield of approximately 8.3%. The buildings are leased to 21st Century Oncology.
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