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Physicians Realty Trust (NYSE: DOC) a self-managed healthcare real estate company, announced today the pricing of a public offering of 15,000,000 common shares of beneficial interest at a public offering price per share of $ 18.20, for net proceeds of approximately $ 261.4 million after deducting the underwriting discount and commissions and estimated offering expenses payable by the Company. All of the common shares in the public offering are being offered by the Company and will trade on the NYSE under the ticker symbol “DOC.”

The Company has granted the underwriters a 30-day option to purchase up to an additional 2,250,000 common shares. The offering is expected to close on March 17, 2017, subject to customary closing conditions.

The Company will contribute the net proceeds of this offering to its operating partnership, Physicians Realty L.P., a Delaware limited partnership (the “Operating Partnership”), in exchange for common units in its Operating Partnership. The Operating Partnership intends to use the net proceeds of the offering to repay a portion of its borrowings under its unsecured credit facility, to fund its pending acquisitions and for general corporate purposes, including, without limitation, working capital and investment in real estate.

Morgan Stanley, KeyBanc Capital Markets and BofA Merrill Lynch are serving as joint book-running managers for the offering.

UnsecuredCredit – BingNews