Healthcare Realty forms JV with KKR; receives ~$300M from seed portfolio, KKR commits $600M

Healthcare Realty Trust Inc

Contributes 12 MOB properties valued at $382.5M (6.6% cap rate) to JV, receives ~$300M proceeds.
Healthcare Realty retains 20% interest and will manage JV operations; KKR holds 80%.
KKR commits up to $600M for future acquisitions; JV capacity exceeds $1B.
The 762k sq ft portfolio is 98% occupied across 7 top markets on hospital campuses.
Closings expected May-June; proceeds earmarked for opportunistic stock repurchases.

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