$225 Million of Medical Facility Investments Completed in Fourth Quarter 2016

The Retirement of the Company’s Founder and Chief Investment Officer John W. Sweet

The Promotion of Deeni Taylor to EVP-Chief Investment Officer and the Promotion of Daniel M. Klein to the Position of SVP-Deputy Chief Investment Officer

Physicians Realty Trust (NYSE:DOC) (the “Company”), a self-managed healthcare properties REIT, announced today that the Company completed investments during 2016 of approximately $1.28 billion, with the addition of 11 medical office facilities acquired during the fourth quarter for $225 million.

John Thomas, the Company’s President and Chief Executive Officer, stated, “2016 was another record year of growth for Physicians Realty Trust, led by our investment in medical office facilities affiliated with Catholic Health Initiatives (“CHI”), but also many more investments with high quality health systems and physician groups all around the United States. We now have nearly 11 million rentable square feet of medical office space which is more than 95% leased, and approximately 1,100 health system and medical service provider tenants. We look forward to sharing more information about all of the fourth quarter acquisitions and an update on our progress with the CHI investments with our earnings release on February 24, 2017.”

The Company also announces today the retirement of John W. Sweet, our founder, and since the initial public offering, our Executive Vice President and Chief Investment Officer, effective as of December 31, 2016. Mr. Sweet will continue in a consulting role with the Company, working on specific projects and investment opportunities with the Company’s CEO and his successor Chief Investment Officer.

Prior to the Company’s IPO, Mr. Sweet served from 2005 to 2013 as a Managing Director for the investment banking firm, BC Ziegler and raised and managed a medical office building investment fund which became the initial core portfolio for the Company. In 2002, he cofounded Windrose Medical Properties Trust, a publicly traded medical office REIT that was sold in 2006 to Healthcare REIT, now known as Welltower (NYSE:HCN). From 1997-2001, he was a Managing Director of BC Ziegler, engaged in healthcare related mergers and acquisitions.

Over a span of 50 years, John served in numerous financial positions with public and private companies as well as serving in senior advisory positions with family investment offices. He has also served on the boards of philanthropic and charitable organizations and was in the Army from 1968-1970. Mr. Sweet has a B.S. in Business Administration from St. John Fisher College and a Master’s from Rochester Institute of Technology.

Mr. Sweet was most recently appointed to the Board of Directors of Wheeler Real Estate Investment Trust (NASDAQ:WHLR).

John Thomas commented, “John Sweet is a great husband, father, grandfather, and entrepreneur. His legacy includes three public companies he led through the public offering process, as well as building a foundation for our Company that we expect to last for generations to come. John has been more than an icon in our industry for a long time, but a true mentor and friend, and we will miss him around the office on a daily basis. During Mr. Sweet’s tenure as our Chief Investment Officer, the Company has grown from $125 million in real estate assets to just shy of $3 billion at the time of his retirement, with all of that growth achieved in less than 42 months. It should be noted, he led the fund and sourced all of that original $125 million in medical office facilities as well. Fortunately, John has agreed to continue to support us from time to time with specific projects and potential investments, while he also fulfills his responsibilities on the Wheeler Board of Directors and other business and community interests he pursues.”

Governor Tommy G. Thompson, Chairman of the Board of Trustees of the Company, added, “On behalf of the Board of Trustees of Physicians Realty Trust, we would like to recognize and commend John Sweet for his incredible career and the legacy we now all enjoy with the Company. We wish him many healthy and happy years in retirement with his wife, four children, two grandchildren, and many friends and colleagues, in his future endeavors and interests.”

Mr. Sweet added, “This has been the most extraordinary and rewarding period of my working career. I may be credited with coming up with the idea to go public, but from there on, it was our board, our management team, and the entire DOC team that made this company a reality and huge success.”

As part of the Company’s succession plan, it announced today that it has promoted Deeni Taylor to succeed Mr. Sweet, to serve as the Company’s Executive Vice President-Chief Investment Officer, effective January 1, 2017. Mr. Taylor joined the Company on October 1, 2015. Mr. Taylor will continue to report directly to the Company’s President and Chief Executive Officer, John T. Thomas.

Mr. Thomas commented, “Deeni Taylor is one of the most respected executives in the healthcare and medical office industry, with healthcare industry relationships across the United States. Deeni, similar to John Sweet and me, is a healthcare professional who entered healthcare real estate investment and development. He has been a fabulous addition to our team since he joined us in late 2015, helping Mr. Sweet and the Company reach record levels of acquisitions and growth in 2016. While he has very big shoes to fill, we are confident Deeni can help lead us to even greater growth and high quality medical office facility investments with his and our relationships.”

Deeni Taylor came to the Company from Indianapolis-based Duke Realty, Inc. (NYSE:DRE), where Deeni served as an Executive Vice President helping to lead Duke’s healthcare team since he joined that firm in 2006. Prior to his healthcare real estate career, Deeni enjoyed a 25-year hospital career. He served as Executive Vice President and Chief Strategy Officer for St. Vincent Health, an Ascension Health Ministry, including 16 hospitals serving central Indiana. He also served as President of UNITY Health Management Services in Birmingham, Alabama and worked for Ascension’s St. Vincent’s Hospital in Birmingham, Alabama as the Vice President of Planning and Marketing. Prior to that, Deeni worked for St. Joseph Hospital in Augusta, Georgia, where he served as Vice President Ancillary Services.

A graduate of Purdue University, with a B.S. in Pharmacy, and Central Michigan University with a Masters in Science Administration, Mr. Taylor is a member of ULI and serves on its Healthcare and Life Science Council. He is a past Diplomat in American College of Healthcare Executives and is an active member of the Purdue National Leadership Circle Executive Committee. Mr. Taylor has served on Peyton Manning's PeyBack Foundation since 2001.

Mr. Taylor stated, “I have enjoyed my time over the past 15 months with Physicians Realty Trust, working closely with John Sweet, Governor Tommy Thompson, and John Thomas, as we have worked together to continue to build an outstanding organization that John Sweet founded. I look forward to continuing to build upon that foundation and success.”

The Company also announced today that it has named Daniel M. Klein to the newly created position of Senior Vice President-Deputy Chief Investment Officer. Mr. Klein will report directly to the Company’s President and CEO, John Thomas, while working hand in hand with the Company’s EVP-CIO, Deeni Taylor. In this role, Dan will help drive the Company’s new investment activities with health systems, physicians, and real estate developers working closely with these health systems, physicians, and other providers.

Dan Klein joined the Company in 2016, with a specific focus on supporting the Company’s integration of the CHI medical office facilities, as well as supporting new business development working with Messrs. Sweet, Taylor, and Thomas. Dan sits on several prominent industry boards, is a frequent speaker at industry events, and has published articles in the medical office space. Dan also worked for many years at Welltower (NYSE:HCN). Prior to that, Mr. Klein was Co-Founder and President of CB Richard Ellis/Reichle Klein, a full-service commercial real estate firm. He is an attorney and holds IREM’s CPM© designation. Mr. Klein received a B.S. from the University of Virginia, where he was a four-year member of the men’s golf team, and a law degree from The University of Toledo College of Law. Dan lives in Charleston, South Carolina with his wife, Robin, and four daughters.

John Thomas commented, “I am thrilled to have the opportunity to work with Dan Klein again, as we have worked closely together since 2010. Dan’s physician and provider network of relationships, diverse real estate background and skill set, and professionalism, are great additions to our organization. Not only will he assist Mr. Taylor and me, primarily, with new business development, he brings extensive experience to support our asset management and leasing team. Dan also enhances our senior team for long term growth and stability.”

Mr. Klein added, “I am very excited to be part of this organization, which is full of talented and diligent people. The company is poised for continued growth, I look forward to doing my part to contribute to our future success, and I look forward to working with John, Deeni and the rest of the leadership team.”

About Physicians Realty Trust

Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company invests in real estate that is integral to providing high quality healthcare. The Company conducts its business through an UPREIT structure in which its properties are owned by Physicians Realty L.P., a Delaware limited partnership (the “operating partnership”), directly or through limited partnerships, limited liability companies or other subsidiaries. The Company is the sole general partner of the operating partnership and, as of September 30, 2016, owned approximately 97.4% of the partnership interests in our operating partnership (“OP Units”).

Investors are encouraged to visit the Investor Relations portion of the Company’s website (www.docreit.com) for additional information, including annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, press releases, supplemental information packages and investor presentations.

Forward-Looking Statements

This press release contains statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward looking statements may include statements regarding the Company’s strategic and operational plans, the Company’s ability to generate internal and external growth, the future outlook, anticipated cash returns, cap rates or yields on properties, anticipated closing of property acquisitions, and ability to execute its business plan. While forward-looking statements reflect our good faith beliefs, they are not guarantees of future performance. Forward looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company’s control, which could cause actual results to differ materially from such statements. These risks and uncertainties are described in greater detail in the Company’s filings with the Securities and Exchange Commission (the “Commission”), including, without limitation, the Company’s annual and periodic reports and other documents filed with the Commission. Unless legally required, the Company disclaims any obligation to update any forward-looking statements after the date of this release, whether as a result of new information, future events or otherwise. For a description of factors that may cause the Company’s actual results or performance to differ from its forward-looking statements, please review the information under the heading “Risk Factors” included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015 filed by the Company with the Commission on February 29, 2016.

Physicians Realty TrustJohn T. Thomas, 214-549-6611President and CEOjtt@docreit.comorJeffrey N. Theiler, 414-367-5610Executive Vice President and CFOjnt@docreit.com

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