Healthcare Realty Trust Inc. is a self-managed and self-administered real estate investment trust (REIT) specializing in the acquisition, development, management, and leasing of income-producing healthcare properties. The company's portfolio is heavily concentrated in medical outpatient buildings (MOBs) and clinical facilities situated on or adjacent to major hospital campuses throughout the United States. By focusing on outpatient facilities, Healthcare Realty aligns its real estate strategy with the broader healthcare industry trend of shifting patient care away from traditional inpatient hospital settings to more cost-effective outpatient environments.
The company generates the vast majority of its revenue from rental income paid by a diverse tenant base of healthcare systems, physician practices, and specialized medical service providers. In July 2022, Healthcare Realty completed a transformative $18 billion merger with Healthcare Trust of America, significantly expanding its geographic footprint and scale to become the largest pure-play medical office REIT in the United States. Today, the company operates a portfolio of nearly 600 properties totaling over 33 million square feet across top U.S. growth markets. Its competitive position is strengthened by deep relationships with leading health systems, high tenant retention rates, and the recession-resistant nature of healthcare real estate demand.
