Real Estate Investments (Tables)

9 Months Ended

Sep. 30, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Unconsolidated Joint Venture Acquisitions

The Company's investment in and income (losses) recognized for the three and nine months ended September 30, 2025 and 2024 related to its unconsolidated joint ventures accounted for under the equity method are shown in the table below:


	THREE MONTHS ENDED September 30,				NINE MONTHS ENDED September 30,
Dollars in thousands	2025		2024		2025		2024

Investments in unconsolidated joint ventures, beginning of period	$	463,430	$	374,841	$	473,122	$	311,511
New investment during the period 1	567		44,332		1,546		110,879
Equity income (loss) recognized during the period	287		208		446		(360)
Owner distributions	(5,657)		(2,297)		(16,487)		(4,946)
Investments in unconsolidated joint ventures, end of period	$	458,627	$	417,084	$	458,627	$	417,084

1.In the third quarter of 2024, the Company contributed seven properties into a new joint venture in which it retained a 20% ownership interest.

Schedule of Dispositions

The following table details the Company's dispositions for the nine months ended September 30, 2025.


Dollars in thousands	DATE DISPOSED	SALE PRICE		CLOSING ADJUSTMENTS		COMPANY-FINANCED MORTGAGE NOTES		NET PROCEEDS		NET REAL ESTATE INVESTMENT		OTHER (INCLUDING RECEIVABLES)		GAIN/(IMPAIRMENT)		SQUARE FOOTAGE
Boston, MA	2/7/25	$	4,500	$	(135)	$	—	$	4,365	$	4,325	$	15	$	25	30,304
Denver, CO 1	2/14/25	8,600		(2,144)		—		6,456		7,948		113		(1,605)		69,715
Houston, TX	3/20/25	15,000		(4,087)		(5,400)		5,513		14,343		347		(3,777)		127,933
Boston, MA	4/30/25	486		(47)		—		439		60		2		377		—
Boston, MA	5/23/25	3,000		(36)		—		2,964		2,631		27		306		33,176
Jacksonville, FL	6/26/25	8,100		(11)		—		8,089		23,064		(529)		(14,446)		53,169
Yakima, WA	6/26/25	31,000		(2,256)		—		28,744		8,689		343		19,712		91,561
Houston, TX	6/27/25	10,500		(15)		—		10,485		10,250		42		193		—
South Bend, IN	7/15/25	43,100		(283)		—		42,817		29,481		(7)		13,343		205,573
Milwaukee, WI	7/29/25	42,000		(913)		—		41,087		40,644		270		173		147,406
Naples, FL	7/29/25	19,250		(2,692)		—		16,558		15,586		559		413		61,359
New York, NY	7/30/25	25,000		(1,290)		—		23,710		15,531		364		7,815		89,893
Boston, MA	8/25/25	450		(45)		—		405		413		32		(40)		9,010
Lakeland, FL 2	8/27/25	7,325		(772)		—		6,553		6,899		234		(580)		31,158
Salem, OR	8/29/25	4,000		(427)		—		3,573		3,482		159		(68)		21,026
Milwaukee, WI 1	9/29/25	60,000		(2,203)		—		57,797		61,485		(2,884)		(804)		220,747
Tampa, FL	9/30/25	22,000		(778)		—		21,222		6,218		646		14,358		47,962
Dallas, TX 2 4	9/30/25	58,800		(1,885)		—		56,915		26,822		5,379		24,714		448,879
Chicago, IL	9/30/25	18,700		(477)		—		18,223		18,417		(181)		(13)		56,531
Columbus, OH 3	9/30/25	33,750		(2,470)		—		31,280		27,884		410		2,986		117,060
Miami, FL	9/30/25	62,000		(1,867)		—		60,133		45,152		2,580		12,401		152,976



Total dispositions		$	477,561	$	(24,833)	$	(5,400)	$	447,328	$	369,324	$	7,921	$	75,483	2,015,438

1Includes two medical outpatient properties.

2Includes four medical outpatient properties.

3Includes three medical outpatient properties.

4Proceeds held in a cash escrow account and recorded in other assets. Cash was received by the Company on October 1, 2025.

Subsequent to September 30, 2025, the Company disposed of the following land parcel and a property which was classified as held for sale as of September 30, 2025:


Dollars in thousands	Date Disposed	Sale Price		Square Footage
New Haven, CT	10/16/25	$	725	—
Des Moines, IA	10/29/25	7,225		152,655






















Total		$	7,950	152,655

Schedule of Assets Held for Sale

The table below reflects the assets and liabilities classified as held for sale as of September 30, 2025 and December 31, 2024:


Dollars in thousands	September 30, 2025		December 31, 2024
Balance Sheet data:
Land	$	39,835	$	10,859
Building and improvements	705,959		3,410
Lease intangibles	26,631		3,286
Personal property	792		—
Financing lease right-of-use assets	727		—

Land held for development	3,836		—
	777,780		17,555
Accumulated depreciation	(241,075)		(5,275)
Real estate assets held for sale, net 1	536,705		12,280
Cash and cash equivalents	152		—
Operating lease right-of-use assets	39,225		—
Other assets, net	28,665		617
Assets held for sale, net	$	604,747	$	12,897

Accounts payable and accrued liabilities	$	13,504	$	694
Operating lease liabilities	47,150		—
Financing lease liabilities	623		—
Other liabilities	8,531		589
Liabilities of assets held for sale	$	69,808	$	1,283
Redeemable noncontrolling interest held for sale	$	1,221	$	—

1Net real estate assets held for sale include the impact of $65.2 million of impairment charges for the nine months ended September 30, 2025.

Healthcare Realty Trust Inc 10-Q