Physicians Realty (DOC) prices $500 million senior note offering.

Physicians Realty Trust (DOC) announced today that it has priced an offering of $500 million 2.625% senior unsecured notes due 2031.  The notes were priced at a discount to yield 2.649% or +108 basis points to the treasury curve.  DOC's unsecured senior notes are rated Baa2/BBB by Moody's and S&P.  The company also said that proceeds from the offering would be used to refinance property debt associated with the pending Landmark portfolio acquisition, with any remaining amount used to repay bank debt.

Established in 2013, Physicians Realty focuses on the acquisition and ownership of medical office properties across the U.S. As of June 30, 2021, the company's portfolio included 275 properties in 31 states with 14.7 million square feet of GLA. DOC is a member of the S&P MidCap 400 index with a total market capitalization of approximately $5.5 billion.