Company Overview

Community Healthcare Trust Incorporated is a publicly traded healthcare real estate investment trust (REIT) that owns and acquires income-producing healthcare properties across the United States. The company operates within the healthcare real estate and REIT industries, with a primary focus on medical facilities that are essential to outpatient and inpatient care delivery. Its core business is generating rental income through long-term leases with healthcare providers, which represents the vast majority of its revenue.

The company’s portfolio is concentrated in healthcare assets such as medical office buildings, physician clinics, and specialty healthcare facilities, serving hospitals, physician groups, and regional healthcare systems. Community Healthcare Trust is positioned as a niche owner-operator emphasizing smaller, non-urban markets, which it identifies as underserved and less competitive than major metropolitan areas. The company was founded in 2014 and completed its initial public offering in 2015, evolving from a small portfolio owner into a diversified healthcare REIT through steady acquisitions funded by equity, debt, and retained cash flow.

Business Operations

Community Healthcare Trust conducts its operations through its operating partnership, Community Healthcare Trust Operating Partnership, L.P., which holds substantially all of the company’s real estate assets and leases. The company generates revenue primarily from contractual rental payments under long-term, triple-net or modified gross leases, which typically pass property operating costs to tenants. Its operating segments are not reported separately, as management views the portfolio as a single healthcare real estate segment for financial reporting purposes.

The company’s assets consist mainly of outpatient medical office buildings and specialty healthcare facilities, including inpatient rehabilitation facilities and ambulatory care centers. Operations are exclusively domestic, with properties located across multiple U.S. states. Community Healthcare Trust does not operate healthcare facilities directly; instead, it relies on tenant credit quality, lease structure, and geographic diversification to manage risk. The company maintains relationships with regional healthcare providers and hospital systems rather than large national operators, aligning with its community-based investment strategy.

Strategic Position & Investments

The company’s strategic direction centers on disciplined portfolio growth through the acquisition of healthcare properties that meet its return thresholds and risk profile. Growth initiatives focus on expanding in secondary and tertiary markets, where management believes competition is lower and tenant retention is stronger. Community Healthcare Trust regularly evaluates acquisitions funded through a combination of revolving credit facilities, long-term debt, and equity offerings.

Investment activity has historically emphasized stabilized properties with existing tenants, though the company has also pursued selective development and expansion projects in partnership with healthcare operators. Its portfolio does not include unrelated business lines or non-healthcare investments, reflecting a focused strategy. The company has not disclosed involvement in emerging healthcare technologies directly, instead positioning itself as a real estate partner that supports healthcare delivery infrastructure.

Geographic Footprint

Community Healthcare Trust operates exclusively within the United States, with its corporate headquarters located in Franklin, Tennessee. The company’s properties are geographically diversified across numerous states, with a notable concentration in the Southeastern and Midwestern regions. This regional emphasis aligns with its strategy of targeting growing populations and stable healthcare demand outside major coastal markets.

The company does not have international operations or foreign investments. Its geographic diversification is achieved through property-level distribution across multiple states rather than through international expansion. Management emphasizes market selection based on demographic trends, local healthcare needs, and tenant stability.

Leadership & Governance

Community Healthcare Trust is led by an executive team with experience in healthcare real estate, finance, and REIT management. The company emphasizes conservative leverage, disciplined capital allocation, and long-term shareholder value creation as part of its leadership philosophy, as reflected in disclosures in its SEC filings.

Key members of the executive leadership team include:

• Timothy S. Wallace Jr. – Chief Executive Officer
• Robert E. McCabe Jr. – Chairman of the Board
• Ricky G. Foster – Chief Financial Officer
• Robert W. McAlister – Chief Investment Officer
• Danny Prosky – President

The board of directors provides oversight consistent with REIT governance standards, with committees responsible for audit, compensation, and corporate governance functions.