Subsequent Events

9 Months Ended

Sep. 30, 2015

On October 19, 2015, the Trust completed a follow-on public offering of 15,812,500 common shares at $15.00 per share, including 2,062,500 common shares issued upon exercise of the underwriters’ overallotment option, resulting in net proceeds to the Trust of approximately $226.3 million. The Trust contributed the net proceeds of this offering to the Operating Partnership in exchange for 15,812,500 OP Units, and the Operating Partnership used the net proceeds of the public offering to repay a portion of the outstanding indebtedness under the Trust's unsecured revolving credit facility and for general corporate purposes, including working capital and investment in real estate.

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



Property(1)	Location	Acquisition Date	Purchase Price (in thousands)
Catalyst Portfolio (12 MOBs) (2)	AL & FL	October 13, 2015	$	23,805
Truman Medical Center Mezz Loan (3)	Kansas City, MO	October 16, 2015	4,500
Arete Surgical Centre	Johnstown, CO	October 19, 2015	9,100
Cambridge Professional Center	Waldorf, MD	October 30, 2015	11,550
Great Falls Replacement Surgical Hospital Mezz Loan (4)	Great Falls, MT	November 2, 2015	4,500
			$	53,455


(1)	“MOB” means medical office building.


(2)	The Trust received a right of first refusal to acquire the seller's future development pipeline upon completion, which currently totals nearly 240,000 net leasable square feet.


(3)	The Trust received a right of first offer and a right of first refusal to acquire the building.


(4)	The Trust entered into an agreement to acquire the building upon completion of construction for approximately $26.3 million. The acquisition is subject to customary closing conditions and there can be no assurance the Trust will complete the transactions or acquire the facility.