Healthcare Realty Trust completes $338M of asset sales during Q4

Healthcare Realty Trust announced the completion of $338M of asset sales during the fourth quarter of 2023 bringing full year additional dispositions to $656M at an average cap rate of 6.6%. The full year additional dispositions resulted in proceeds of $597M as well as $59M of seller financing across three transactions, including $14M of seller financing in the fourth quarter. Proceeds were used for general corporate purposes, including the funding of development commitments and repayment of debt. The Company had no outstanding balance on its revolving credit facility as of December 31…The 2023 additional dispositions of $656M do not include the $112.5 M of asset sales in January 2023 that fully repaid the July 2022 merger-related special dividend.