Milwaukee-based Physicians Realty Trust, a self-managed healthcare real estate investment trust, experienced record growth in 2016.
The company completed nearly $1.3 billion in investments last year, including $225 million in medical facility investments in the fourth quarter. PRT's gains were fueled by its investment in medical office facilities owned by Englewood, Colo.-based Catholic Health Initiatives.
"We now have nearly 11 million rentable square feet of medical office space which is more than 95 percent leased, and approximately 1,100 health system and medical service provider tenants," said John Thomas, president and CEO of Physicians Realty Trust.
Along with the release of its 2016 results on Tuesday, PRT announced the retirement of John W. Sweet, the company's executive vice president and chief investment officer, effective Dec. 31. He will continue in a consulting role with PRT.
Deeni Taylor, who joined PRT in October 2015, will succeed Mr. Sweet as the company's executive vice president and chief investment officer.
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