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Subsequent Events
6 Months Ended
Jun. 30, 2015
Subsequent Events.  
Subsequent Events

Note 12—Subsequent Events

 

The Trust, through subsidiaries of its Operating Partnership, closed on the below acquisitions:

 

Property(1)

 

Location

 

Acquisition
Date

 

Purchase
Price
(in thousands)

 

Randall Road MOB — Suite 140 (2)

 

Elgin, IL

 

July 17, 2015

 

$

1,750 

 

Medical Specialists of Palm Beach

 

Atlantis, FL

 

July 24, 2015

 

11,051 

 

Trios Health MOB

 

Kennewick, WA

 

July 31, 2015

 

64,000 

 

OhioHealth — SW Health Center

 

Grove City, OH

 

July 31, 2015

 

11,460 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

88,261 

 

 

 

 

 

 

 

 

 

 

 

(1)

“MOB” means medical office building.

(2)

The Trust acquired one condominium unit.  On June 30, 2015, the Trust acquired 14 of 19 condominium units.

 

On July 22, 2015, the Operating Partnership entered into an amendment to the existing Credit Agreement. Refer to Note 6 (Debt) for a further discussion of the amendment and the Credit Agreement.

 

On July 31, 2015, the Trust sold a 26,783 square foot medical office building located in Michigan for approximately $1.5 million and recognized a gain on the sale of approximately $146,000.