Saturday, November 15, 2008

Nashville REIT to buy hospital assets

Nashville-based Healthcare Realty Trust Inc. is planning to buy 15 hospital buildings in the Charlotte, N.C. area, the company said in a conference call with investors.

The real estate investment trust said it had agreed to spend about $162 million on a portfolio of buildings on and off the campuses of three hospitals owned by Carolinas HealthCare System.

The buildings have a combined area of 760,000 square feet and will be 90 percent occupied at closing, said Doug Whitman, Healthcare Realty's chief operating officer.

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