Brief: Healthcare Realty Trust Provides Update On Capital Allocation Progress

Healthcare Realty Trust

03/06/2024 21:33

June 3 (Reuters) - Healthcare Realty Trust Inc  HR.N :
    * HEALTHCARE REALTY TRUST PROVIDES UPDATE ON CAPITAL
ALLOCATION
PROGRESS
    * HEALTHCARE REALTY TRUST INC - $227 MILLION OF PROCEEDS
FROM
CONTRIBUTIONS TO KKR JV
    * HEALTHCARE REALTY TRUST INC -  ENTERED INTO A STRATEGIC
JOINT
VENTURE WITH KKR TO OWN AND INVEST IN QUALITY MEDICAL OUTPATIENT
BUILDINGS
    * HEALTHCARE REALTY TRUST INC: REPURCHASED SHARES TOTALING
OVER
$175 MILLION
    * HEALTHCARE REALTY TRUST INC: EXPECTS TO CONTRIBUTE
ADDITIONAL
PROPERTIES TO KKR JV THAT WILL BRING TOTAL PROCEEDS IN EXCESS OF
$300 MILLION
    * HEALTHCARE REALTY TRUST INC: KKR HAS COMMITTED UP TO AN
ADDITIONAL $600 MILLION OF CAPITAL TO INCREASE POTENTIAL VALUE
OF JV TO $1 BILLION
    * HEALTHCARE REALTY TRUST INC: WILL RETAIN A 20% INTEREST
AND
MANAGE JV, AS WELL AS CONTINUE TO OVERSEE DAY-TO-DAY OPERATIONS
AND LEASING OF PROPERTIES
    * HEALTHCARE REALTY TRUST:HAS ADDITIONAL TRANSACTIONS UNDER
CONTRACT & LETTERS OF INTENT EXPECTED TO GENERATE PROCEEDS OF
MORE THAN $300 MILLION BY EARLY AUG

Source text for Eikon:  ID:nGNX6gmr40 
Further company coverage:  HR.N 

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