0001104659-14-008868.txt : 20140212 0001104659-14-008868.hdr.sgml : 20140212 20140212112610 ACCESSION NUMBER: 0001104659-14-008868 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20140207 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140212 DATE AS OF CHANGE: 20140212 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Physicians Realty Trust CENTRAL INDEX KEY: 0001574540 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 462519850 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36007 FILM NUMBER: 14597851 BUSINESS ADDRESS: STREET 1: 250 EAST WISCONSIN AVENUE CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 414-978-6494 MAIL ADDRESS: STREET 1: 250 EAST WISCONSIN AVENUE CITY: MILWAUKEE STATE: WI ZIP: 53202 8-K 1 a14-5666_18k.htm 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 8-K

 


 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): February 7, 2014

 


 

PHYSICIANS REALTY TRUST

(Exact name of registrant as specified in its charter)

 


 

Maryland

(State or other jurisdiction of

incorporation or organization)

 

001-36007

(Commission File Number)

 

46-2519850

(I.R.S. Employer Identification No.)

 

250 East Wisconsin Avenue, Suite 1900

Milwaukee, Wisconsin

(Address of principal executive offices)

 

 

53202

(Zip Code)

 

Registrant’s telephone number, including area code: (414) 978-6494

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 


 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 1.01. Entry into a Material Definitive Agreement.

 

On February 7, 2014, Physicians Realty Trust (the “Company”) through its operating partnership, Physicians Realty L.P., entered into an agreement of sale and purchase (the “Agreement”) 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, 2014 and are being acquired for approximately $17.5 million in cash. The buildings are leased to 21st Century Oncology, the nation’s largest provider of Advanced Oncology Radiation Therapy and other integrated cancer care services to cancer patients. The closing of the Agreement is subject to customary conditions, including accuracy of representations, satisfaction of due diligence investigations and negotiation of ancillary agreements related to the properties.

 

Item 9.01.  Financial Statement and Exhibits

 

(d)  Exhibit 99.1 is attached to this 8-K.

 

2



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Date: February 12, 2014

PHYSICIANS REALTY TRUST

 

 

 

 

 

By:

/s/ John T. Thomas

 

 

John T. Thomas

 

 

President and Chief Executive Officer

 

3



 

EXHIBIT INDEX

 

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release, dated February 11, 2014, issued by Physicians Realty Trust

 

4


EX-99.1 2 a14-5666_1ex99d1.htm EX-99.1

Exhibit 99.1

 

GRAPHIC

 

PRESS RELEASE

 

Contact:

 

Investors:

Physicians Realty Trust

 

The Ruth Group

John T. Thomas

 

Stephanie Carrington/David Burke

President and CEO

 

646 536-7017/7009

(214) 549-6611

 

scarrington@theruthgroup.com

John W. Sweet

 

dburke@theruthgroup.com

(414) 978-6467

 

 

 

Physicians Realty Trust Executes Contract to Purchase

Four Florida Oncology Radiation Centers

 

Milwaukee, WI, February 11, 2014 — Physicians Realty Trust (NYSE:DOC) (“the Company”), a self-managed healthcare properties REIT, announced today that on February 10, 2014, 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, 2014 and are being acquired for approximately $17.5 million, representing a first year cash yield of approximately 8.3%. The buildings are leased to 21st Century Oncology, the nation’s largest provider of Advanced Oncology Radiation Therapy and other integrated cancer care services to cancer patients.

 

John Sweet, Chief Investment Officer of Physicians Realty Trust, stated, “We are excited to collaborate with Dr. Alan Porter and 21st Century Oncology. Dr. Porter is a renowned oncologist who recently became affiliated with 21st Century Oncology, which operates 166 cancer treatment centers, including 133 in the United States and 33 centers in Latin America. The current leases run until 2026.”

 

About Physicians Realty Trust

 

Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company invests in real estate that is integral to providing high quality healthcare. The Company intends to elect to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes.

 



 

Forward-Looking Statements

 

This press release contains statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may,” “will” or other similar words or expressions. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company’s control, which could cause actual results to differ materially from such statements. These risks and uncertainties are described in greater detail in the Company’s filings with the Securities and Exchange Commission (“SEC”), including, without limitation, the Company’s Prospectus filed pursuant to Rule 424(b)(4) on December 6, 2013. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

 


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