Physicians Realty Trust (NYSE:DOC) (“the Company”), a self-managed healthcare real estate company, announced today the upsizing and pricing of a public offering of 22,500,000 common shares of beneficial interest at a public offering price per share of $17.85, for net proceeds of approximately $384.9 million after deducting the underwriting discount and commissions and estimated offering expenses payable by the Company. All of the common shares are being offered by the Company and will trade on the NYSE under the ticker symbol “DOC.”

The Company has granted the underwriters a 30-day option to purchase up to an additional 3,375,000 common shares. The offering is expected to close on April 11, 2016.

The Company will contribute the net proceeds of this offering to its operating partnership (as defined below) in exchange for common units in its operating partnership. The Company’s operating partnership intends to use the net proceeds of the offering (i) to fund a portion of the purchase price for the acquisition of a portfolio of 52 medical office buildings owned by certain subsidiaries and affiliates of Catholic Health Initiatives, and (ii) for general corporate purposes, including, without limitation, working capital and investment in real estate.

KeyBanc Capital Markets, BofA Merrill Lynch, RBC Capital Markets and BMO Capital Markets are serving as joint book-running managers for the offering.

The offering is being made pursuant to the Company’s automatic shelf registration statement filed with the Securities and Exchange Commission (the “Commission”), which became effective on June 17, 2015. Copies of the preliminary prospectus supplement and accompanying prospectus may be obtained from the Commission’s website at www.sec.gov or by contacting: KeyBanc Capital Markets Inc., 127 Public Square, 4th Floor, Cleveland, OH 44114; BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department, dg.prospectus_requests@baml.com; or RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281-8098; Attention: Equity Syndicate; Phone: 877-822-4089; Email: equityprospectus@rbccm.com.

This press release is not an offer to sell, nor a solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

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 is a Maryland real estate investment trust and has elected to be taxed as a REIT for U.S. federal income tax purposes. 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.

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 include any statements regarding the Company’s strategic and operational plans. 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. 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 performance or results to differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties are described in greater detail in the Company’s filings with 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, whether as a result of new information, future events or otherwise. Completion of the offering on the terms described, and the application of net proceeds, are subject to numerous conditions, many of which are beyond the control of the Company, including, without limitation, general economic conditions, market conditions and other factors, including those factors discussed in the preliminary prospectus supplement and accompanying prospectus and in the Company’s annual and periodic reports and other documents filed with the Commission, copies of which are available on the Commission’s website, www.sec.gov. The Company undertakes no obligation to update these statements after the date of this release.

Physicians Realty TrustJohn T. Thomas, 214-549-6611President and CEOorJeff N. Theiler, 414-367-5610Executive Vice President and CFO

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