Physicians Realty Trust (NYSE: DOC) (the “Company,” the “Trust,”
“we,” “our,” “us,” and “DOC”), a self-managed healthcare real
estate investment trust, today announced the addition of a new
board member.
On November 10, 2017, Pamela J. Kessler accepted the invitation
of the Board of Trustees (the "Board") of Physicians Realty Trust
(the "Company") to join the Company's Board, effective on January
1, 2018. In connection with Ms. Kessler's appointment, the Board
increased its size from 7 to 8 trustees. Ms. Kessler will stand for
election at the Company's 2018 annual meeting of shareholders.
Ms. Kessler, 51, is currently Executive Vice
President, Chief Financial Officer and Secretary of
LTC Properties, Inc. (“LTC”), a position she has held
since 2007. She has been with LTC as a member of the
senior management team since 2000, when she joined as Vice
President, Controller. Ms. Kessler oversees all aspects
of finance, accounting, corporate reporting, tax and risk
management, and is also responsible for LTC’s capital markets
and key stakeholder engagement activities. She has over 25 years of
real estate experience and has demonstrated expertise in
developing, leading and executing capital markets and financial
planning and analysis activities. LTC (NYSE: LTC) is a $2.5
billion real estate investment trust that invests
in seniors housing and post-acute/skilled
nursing properties primarily through sale-leaseback
transactions, mortgage financing and structured finance solutions
including mezzanine lending. Prior to joining
LTC, Ms. Kessler served as the Corporate Controller for a
privately held commercial and multifamily real estate developer.
She was also the Director of Financial Reporting for Irvine
Apartment Communities, a publicly traded multifamily REIT, and
Assistant Controller of the Inland Empire division of KB Home, one
of the nation’s largest publicly traded homebuilders. She
began her career as a certified public accountant in the real
estate group at Ernst & Young LLP. Ms.
Kessler graduated with honors earning her bachelor’s
degree in economics from the University of California,
Irvine where she was the Vice President of Student
Services.
“Physicians Realty Trust has had an outstanding Board of
Trustees since our inception just over 4 years ago. We are excited
to make it even better and welcome Pam to our Board,” said Governor
Tommy G. Thompson, Chairman of the Board of Trustees. “Ms. Kessler
brings years of healthcare real estate experience to our Board, and
expands our Board’s financial expertise. We are honored she has
accepted the role and look forward to working with her for years to
come.”
“We have known and had great respect for Pam for years. As a
leader in the REIT industry, and with great experience in health
care real estate and helping to grow and manage organizations
through many cycles, we are very pleased to have her join our Board
and help govern our organization as well as mentor our team,” said
John T. Thomas, President and Chief Executive Officer of the
Trust.
“As I have watched Physicians Realty Trust grow over the past 4
years, I have continually been impressed by their dynamic and
collaborative company culture, relationship-oriented business
development platform and well respected management team. I believe
these are the hallmarks of success in our industry and what sets
DOC apart from the competition,” said Ms. Kessler. “I am delighted
to join the Board of Physician’s Realty Trust and look forward to
helping contribute to the company’s future growth.”
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, 2017, owned
approximately 97.1% 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”,
“continue”, 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, 2016 filed by the Company with the Commission on
February 24, 2017 and in the Company’s Quarterly Reports on Form
10-Q for the fiscal quarters ended March 31, 2017, June 30, 2017
and September 30, 2017 filed by the Company with the Commission on
May 5, 2017, August 4, 2017 and November 3, 2017, respectively.
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version on businesswire.com: http://www.businesswire.com/news/home/20171113005337/en/
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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