Disposition of a 244,508 Square Foot Healthcare Campus Located in Great Falls, Montana
Transaction Overview
CHICAGO – August 5TH, 2022 – Kaufman Hall and Associates, LLC (“Kaufman Hall”) was selected as an exclusive financial advisor to Physicians Realty Trust (“DocREIT”) related to the disposition of the 244,508 square foot healthcare campus (“Campus”) located in Great Falls, Montana. The Campus is master leased to a publicly-traded healthcare operator on a long-term, absolute net basis and includes a 116,497 square foot acute-care hospital, a 108,000 square foot medical office building and a 20,011 square foot ambulatory surgery center. As part of the transaction, the selected investor (“Investor”) is required to administer and partially fund planned expansion projects (“Projects”) totaling $63,000,000.
Kaufman Hall's Role
On behalf of DocREIT, Kaufman Hall undertook an effort to identify a well-capitalized Investor positioned to acquire this significant Portfolio on an off-market basis. Leveraging its unmatched relationships in the healthcare real estate capital markets, Kaufman Hall approached and garnered significant interest from a limited pool of active and well-capitalized Investors. Due to Kaufman Hall’s successful track record with provider-occupied portfolio dispositions and strength of the tenant, DocREIT achieved its various goals related to timing, pricing and structure concerning the funding of the Projects.
About the Companies Involved
Kaufman Hall
For more than 30 years, Kaufman Hall has provided independent, objective insights to assist clients in fulfilling their missions, achieving their goals, and tackling their toughest problems. Kaufman Hall’s real estate practice provides transaction advisory services to many of the nation’s top healthcare providers and developers/investors of healthcare real estate. Kaufman Hall’s focused model provides clients with an unmatched level of relevant experience & independent transaction analysis, structuring and execution capabilities. Kaufman Hall’s real estate practice was launched in 2021 through the acquisition of Healthcare Real Estate Capital (HRE Capital). Providing both consultative and transaction-oriented services, including asset/portfolio joint venture structuring, recapitalizations, dispositions and other related real estate advisory services, the real estate practice has been involved with more than $14 billion of sector-specific real estate transactions across the United States since 2008.
Physicians Realty Trust
Since its initial public offering in 2013, DocREIT (NYSE: DOC) has established itself as a leading publicly traded, self-managed healthcare real estate company organized to acquire, own and manage healthcare properties. DocREIT invests in strategic healthcare real estate that is integral to providing high quality healthcare services and is affiliated with hospitals or other healthcare providers.
Questions: Contact E. Hunter Beebe, hbeebe@kaufmanhall.com, 917.568.8556