Physicians Realty Trust, a recently organized REIT focused on acquiring, developing and managing healthcare properties, announced terms for its IPO on Wednesday. The Milwaukee, WI-based company plans to raise $100 million by offering 8 million shares at a price range of $11.50 to $13.50. At the midpoint of the proposed range, Physicians Realty Trust would command a market value of $137 million.
Physicians Realty Trust, which was founded in 2013, plans to list on the NYSE under the symbol DOC. Wunderlich Securities, Oppenheimer, Janney Montgomery Scott, JMP Securities and BB&T Capital Markets are the joint bookrunners on the deal.
