Community Healthcare Trust Incorporated (NYSE: CHCT) is a self-managed, fully-integrated real estate investment trust (REIT) that specializes in healthcare real estate. Founded in 2014 and headquartered in Franklin, Tennessee, the company acquires, owns, and manages properties leased to various healthcare providers, including hospitals, doctors, and healthcare systems.
The company's business model is centered on building a diversified portfolio of community-based healthcare properties, primarily located in secondary, suburban, and rural markets outside of major urban centers. This strategic focus allows CHCT to target mission-critical facilities with potentially less institutional competition, supporting attractive acquisition yields and strong tenant relationships. Its property types include medical office buildings, physician clinics, outpatient treatment facilities, behavioral health properties, inpatient rehabilitation facilities, and surgical centers.
Revenue is generated primarily through long-term lease agreements with healthcare operators, providing stable contractual rent streams. As of early 2026, the company's portfolio consisted of nearly 200 properties spanning over 4.5 million square feet, with a high occupancy rate and a weighted average remaining lease term of over seven years. By focusing on the shift toward outpatient and community-based care delivery, Community Healthcare Trust positions itself to benefit from favorable demographic trends and increasing healthcare spending in the United States.
