Company Overview

Healthcare Realty Trust Incorporated is a self-managed real estate investment trust (REIT) specializing in the ownership, acquisition, and management of medical office buildings (MOBs) and other healthcare-related outpatient facilities. The company operates within the U.S. healthcare real estate industry, with a primary focus on properties that support outpatient medical services and are typically affiliated with health systems or located on or near hospital campuses. Its core revenue driver is rental income generated from long-term leases with healthcare providers, physician groups, and hospital systems.

Founded in 1992, the company has evolved into one of the largest owners of medical office real estate in the United States. A significant milestone in its history was the 2022 merger with Healthcare Trust of America, Inc., which materially expanded its asset base, geographic reach, and tenant diversification. The combined platform strengthened the company’s positioning as a pure-play MOB REIT with scale advantages in operations, leasing, and capital markets access.

Business Operations

Healthcare Realty Trust operates through a single reportable segment focused on healthcare real estate, with its portfolio primarily composed of Medical Office Buildings and outpatient facilities. The company generates revenue predominantly through contractual rental income, supplemented by tenant reimbursements for operating expenses. Properties are generally leased to a diverse mix of physician practices, health systems, and outpatient service providers, reducing dependence on any single tenant or specialty.

Operations are conducted through the company’s operating partnership, Healthcare Realty Trust Incorporated OP, LP, which holds substantially all real estate assets. The company manages leasing, property management, acquisitions, and dispositions internally. Its portfolio strategy emphasizes assets that are integrated into healthcare delivery networks, particularly on-campus or affiliated properties, which tend to exhibit higher occupancy and tenant retention.

Strategic Position & Investments

The company’s strategic direction centers on portfolio optimization, balance sheet management, and disciplined capital allocation. Following the merger with Healthcare Trust of America, Inc., Healthcare Realty Trust has focused on integrating operations, achieving cost synergies, and selectively disposing of non-core assets to improve leverage and portfolio quality. Growth initiatives emphasize investment in high-quality MOBs associated with leading health systems in demographically strong markets.

Healthcare Realty Trust does not operate as a diversified holding company but maintains a focused investment approach within outpatient healthcare real estate. Its strategic positioning is reinforced by long-standing relationships with major health systems, scale-driven operating efficiencies, and expertise in managing complex healthcare properties. The company’s investments are concentrated in established and emerging outpatient care settings rather than experimental or unproven healthcare technologies.

Geographic Footprint

Healthcare Realty Trust’s operations are exclusively within the United States, with a geographically diversified portfolio spanning multiple regions, including the Southeast, Midwest, Southwest, West Coast, and Northeast. The company is headquartered in Nashville, Tennessee, a major hub for healthcare management and services, which supports its strategic focus and industry relationships.

The portfolio encompasses hundreds of properties across dozens of states, with meaningful concentrations in large metropolitan areas characterized by population growth, healthcare demand, and strong hospital systems. While the company does not have international operations, its nationwide footprint provides exposure to a broad range of U.S. healthcare markets and regional economic conditions.

Leadership & Governance

Healthcare Realty Trust is led by an experienced executive team with deep expertise in healthcare real estate, capital markets, and REIT operations. The leadership philosophy emphasizes disciplined investment, operational efficiency, and long-term value creation for shareholders, while maintaining a conservative risk profile appropriate for a healthcare-focused REIT.

Key members of the leadership team include:

• Peter Scott – President and Chief Executive Officer
• Todd Meredith – Chief Financial Officer
• Brian Peay – Chief Operating Officer
• John Bryant – Executive Vice President, Asset Management
• Matt Schissler – Executive Vice President, Leasing and Development

The company is governed by a board of directors with experience across real estate, healthcare, finance, and public company governance, providing oversight aligned with regulatory requirements and shareholder interests.