Physicians Realty Trust Announces Upsizing and Pricing of a Public Offering of 13,750,000 Common Shares

MILWAUKEE–(BUSINESS WIRE)–Physicians Realty Trust (NYSE:DOC) (“the Company”), a self-managed
healthcare real estate company, announced today the upsizing and pricing
of a public offering of 13,750,000 common shares of beneficial interest
at a public offering price per share of $15.00, for net proceeds of
approximately $196.7 million after deducting the underwriting discount
and commissions and estimated offering expenses payable by the Company.
All of the common shares are being offered by the Company and will trade
on the NYSE under the ticker symbol “DOC.”

The Company has granted the underwriters a 30-day option to purchase up
to an additional 2,062,500 common shares. The offering is expected to
close on October 19, 2015.

The Company will contribute the net proceeds of this offering to its
operating partnership in exchange for common units in its operating
partnership. The Company’s operating partnership intends to use the net
proceeds of the offering to repay a portion of its borrowings under the
Company’s unsecured credit facility and for general corporate purposes,
including working capital and investment in real estate.

BofA Merrill Lynch, J.P. Morgan, KeyBanc Capital Markets, BMO Capital
Markets, Morgan Stanley and Raymond James are serving as joint
book-running managers for the offering.

The offering is being made pursuant to the Company’s effective shelf
registration statement filed with the Securities and Exchange Commission
(the “Commission”) and declared effective by the Commission on August
19, 2014. Copies of the preliminary prospectus supplement and
accompanying prospectus may be obtained from the Commission’s website at www.sec.gov or
by contacting: BofA Merrill Lynch, 222 Broadway, New York, NY 10038,
Attn: Prospectus Department, dg.prospectus_requests@baml.com;
J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, or by telephone at
1-866-803-9204; KeyBanc Capital Markets, Attention: Prospectus Delivery
Department, 127 Public Square, 4th Floor, Cleveland, Ohio 44114, or by
calling (800) 859-1783; or BMO Capital Markets, 3 Times Square, New
York, New York 10036, Attention: Equity Syndicate Department, or by
emailing bmoprospectus@bmo.com.

This press release is not an offer to sell, nor a solicitation of an
offer to buy securities, nor shall there be any sale of these securities
in any state or jurisdiction in which the offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of such state or jurisdiction.

About Physicians Realty Trust

Physicians Realty Trust is a self-managed healthcare real estate company
organized to acquire, selectively develop, own and manage healthcare
properties that are leased to physicians, hospitals and healthcare
delivery systems. The Company invests in real estate that is integral to
providing high quality healthcare. The Company is a Maryland real estate
investment trust and has elected to be taxed as a REIT for U.S. federal
income tax purposes. The Company conducts its business through an UPREIT
structure in which its properties are owned by Physicians Realty L.P., a
Delaware limited partnership (the “operating partnership”), directly or
through limited partnerships, limited liability companies or other
subsidiaries.

Forward-Looking Statements

This press release contains statements that are “forward-looking
statements” within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended, pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements may
be identified by the use of words such as “anticipate”, “believe”,
“expect”, “estimate”, “plan”, “outlook”, and “project” and other similar
expressions that predict or indicate future events or trends or that are
not statements of historical matters. These forward looking statements
include any statements regarding the Company’s strategic and operational
plans. Forward looking statements should not be read as a guarantee of
future performance or results, and will not necessarily be accurate
indications of the times at, or by, which such performance or results
will be achieved. Forward looking statements are based on information
available at the time those statements are made and/or management’s good
faith belief as of that time with respect to future events, and are
subject to risks and uncertainties that could cause actual performance
or results to differ materially from those expressed in or suggested by
the forward looking statements. These forward looking statements include
any statements regarding the Company’s strategic and operational plans.
These forward-looking statements are subject to various risks and
uncertainties, not all of which are known to the Company and many of
which are beyond the Company’s control, which could cause actual results
to differ materially from such statements. These risks and uncertainties
are described in greater detail in the Company’s filings with the
Commission, including, without limitation, the Company’s annual and
periodic reports and other documents filed with the Commission. Unless
legally required, the Company disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise. Completion of the offering on the terms
described, and the application of net proceeds, are subject to numerous
conditions, many of which are beyond the control of the Company,
including, without limitation, general economic conditions, market
conditions and other factors, including those factors discussed in the
preliminary prospectus supplement and accompanying prospectus and in the
Company’s annual and periodic reports and other documents filed with the
Commission, copies of which are available on the Commission’s website,www.sec.gov.
The Company undertakes no obligation to update these statements after
the date of this release.

Contacts

Physicians Realty Trust
John T. Thomas, 214-549-6611
President
and CEO
or
Jeff N. Theiler, 414-367-5610
Executive Vice
President and CFO