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Physicians Realty Trust Pays $40M for LifeCare Hospitals in Pittsburgh, Fort Worth

LifeCare Holdings Completes Sale-Leaseback Deal for 363 Beds in Two States
By Justin Sumner
CoStar News
April 23, 2014 | 5:36 P.M.

Physicians Realty Trust (NYSE: DOC) has acquired the LifeCare Hospitals campuses in Pittsburgh, PA and Forth Worth, TX for $40 million, or about $116 per square foot. LifeCare Holdings, Inc. sold the assets, then signed a sale-leaseback deal with the new owners at both properties, combining it with a third leased property in Plano, TX under a new master lease through January 2028.

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