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Physicians Realty nets $442.7M in common share offering

Physicians RealtyTrust completed its upsizedpublic offering of 25,875,000 common shares of beneficial interest, generating about$442.7 million in net proceeds.

The offering, priced at $17.85 per share, included the of the 3,375,000 additionalshare option granted to the underwriters.

Physicians Realty will inject the net proceeds into PhysiciansRealty LP in exchange for common units in the operating partnership. The operatingpartnership, in turn, will use the funds as partial funding for its of a portfolio of 52 medical officebuildings owned by certain Catholic Health Initiatives subsidiaries and affiliates.The funds may also be used for general corporate purposes, including working capitaland real estate investments.

KeyBanc Capital Markets, BofA Merrill Lynch, RBC Capital Markets,BMO Capital Markets, Raymond James and Stifel served as the offering's book-runningmanagers.

Regions Securities LLC, Credit Agricole CIB, PNC Capital MarketsLLC, Wunderlich, BB&T Capital Markets, Comerica Securities, Ramirez & Co.Inc., Compass Point, J.J.B. Hilliard, W.L. Lyons LLC, Synovus Securities Inc. andThe Huntington Investment Co. served as the co-managers.