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Physicians Realty Trust discloses unpaid rent from tenant LifeCare

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Physicians Realty Trust discloses unpaid rent from tenant LifeCare

Physicians Realty Trust said it has yet to receive contractually owed rent for April and May, totaling $800,000, from LifeCare Holdings, which operates three properties owned by the healthcare real estate investment trust.

LifeCare, which operates 17 properties across the U.S., filed for Chapter 11 bankruptcy earlier in May, along with several related entities.

The REIT noted that its LifeCare-operated assets are spread across Plano and Fort Worth, Texas; and Pittsburgh, and are subject to a single master lease.

The U.S. Bankruptcy Trustee appointed a Physicians Realty representative to the official committee of unsecured creditors in connection with LifeCare's bankruptcy process.