secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL HEALTH REALTY INCOME TRUST (UHT)
CIK:        0000798783
Form:       8-K
Filed at:   2022-01-04T23:59:59+00:00
Accession:  0001564590-22-000291
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UHT swaps Inland Valley campus for two hospital properties; new 12-year leases with UHS subsidiaries
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- Sold Inland Valley Campus to UHS at $79.6M fair value; acquired ARMC ($57.7M) and Canyon Creek ($24.7M) plus $2.8M cash.
- New 12-year leases (thru 2033) with UHS subsidiaries; initial annual rent $3.9M (ARMC) and $1.7M (Canyon Creek), 2.25% annual escalator.
- UHS guarantees all lease obligations; transaction structured as like-kind exchange under IRC Section 1031.
- UHS owns 5.7% of UHT shares; officers and directors have ties to UHS.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798783/000156459022000291/0001564590-22-000291-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798783/000156459022000291/uht-8k_20211231.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-000291

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