Physicians Realty Trust acquires Surgical Institute of Monroe ASC

During the second quarter of 2014, self-managed healthcare real estate company Physicians Realty Trust acquired the Surgical Institute of Monroe (Mich.) Ambulatory Surgery Center facility.

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The company closed the purchase and master lease of the ASC on July 28. The total purchase price was $6 million with a first year unlevered yield of 8 percent.

The Surgical Institute of Monroe Ambulatory Surgery Center is a 24,000-square-foot, single-specialty surgery center.

Read more Physicians Realty Trust second quarter financial highlights.

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