Physicians Realty Trust (DOC) Q4 2019 Earnings Call Transcript

Physicians Realty Trust (DOC) Q4 2019 Earnings Call Transcript

Physicians Realty Trust ( NYSE:DOC ) Q4 2019 Earnings Call Feb 26, 2020 , 10:00 a.m. ET. Greetings and welcome to Physicians Realty Trust Fourth Quarter and Year End 2019 Earnings Conference Call.. It is now my pleasure to turn the conference over to your host, Mr. Bradley Page, Senior Vice President, General Counsel.. Good morning and welcome to the Physicians Realty Trust fourth quarter 2019 earnings conference call and webcast.. Mark Theine will provide a summary of our operations for the fourth quarter of 2019.. With that, I would now like to turn the call over to the company's CEO, John Thomas.. Physicians Realty Trust ended 2019 with a healthy portfolio, a strong balance sheet and a pipeline poised for 2020 growth.. At the beginning of 2019, we announced guidance of completing $200 million to $400 million of new investments in off-market outpatient medical office facilities.. We ended the year with $452 million in new investments, which is 95% leased.. The investments included our first in California, as well as an innovative strategic joint venture with Kayne Anderson Real Estate and MBRE Healthcare, the largest private non-hospital affiliated MOB owner in the United States.. We made the accretive investments