v3.25.2
The Merger - Schedule of Summarizes the Fair Values of the Assets Acquired, Liabilities Assumed, and Noncontrolling Interests (Details)
$ in Thousands
6 Months Ended 12 Months Ended
Mar. 01, 2024
USD ($)
joint_venture
Jun. 30, 2025
USD ($)
Dec. 31, 2024
USD ($)
LIABILITIES AND EQUITY      
Goodwill $ 51,000 $ 68,529 $ 68,529
Intangible assets, weighted average amortization, useful life (in years)   5 years 5 years
Intangible liabilities, weighted average amortization, useful life (in years) 9 years    
Physicians Realty Trust      
Real estate:      
Buildings and improvements $ 3,192,995    
Development costs and construction in progress 68,171    
Land and improvements 435,353    
Real estate 3,696,519    
Loans receivable 118,908    
Investments in and advances to unconsolidated joint ventures 58,636    
Accounts receivable, net 9,282    
Cash and cash equivalents 30,417    
Restricted cash 1,007    
Intangible assets 890,827    
Right-of-use asset 191,302    
Other assets 44,023    
Total assets 5,040,921    
LIABILITIES AND EQUITY      
Term loans 402,320    
Senior unsecured notes 1,139,760    
Mortgage debt 127,176    
Intangible liabilities 149,875    
Lease liability 97,047    
Accounts payable, accrued liabilities, and other liabilities 69,888    
Total liabilities 1,986,066    
Redeemable noncontrolling interests 3,109    
Joint venture partners 17,066    
Non-managing member unitholders 116,618    
Total noncontrolling interests 133,684    
Fair value of net assets acquired and liabilities assumed, net of noncontrolling interests 2,918,062    
Goodwill 50,501    
Total purchase price 2,968,563    
Gross contractual account receivables $ 14,000    
Intangible assets, weighted average amortization, useful life (in years) 6 years    
Intangible liabilities, weighted average amortization, useful life (in years) 9 years    
Number of joint ventures | joint_venture 6    
Physicians Realty Trust | Preliminary Amounts Recognized on the Closing Date      
Real estate:      
Buildings and improvements $ 3,199,884    
Development costs and construction in progress 68,171    
Land and improvements 435,353    
Real estate 3,703,408    
Loans receivable 118,908    
Investments in and advances to unconsolidated joint ventures 58,636    
Accounts receivable, net 9,536    
Cash and cash equivalents 30,417    
Restricted cash 1,007    
Intangible assets 890,827    
Right-of-use asset 191,415    
Other assets 44,691    
Total assets 5,048,845    
LIABILITIES AND EQUITY      
Term loans 402,320    
Senior unsecured notes 1,139,760    
Mortgage debt 127,176    
Intangible liabilities 149,875    
Lease liability 97,160    
Accounts payable, accrued liabilities, and other liabilities 72,864    
Total liabilities 1,989,155    
Redeemable noncontrolling interests 1,536    
Joint venture partners 20,109    
Non-managing member unitholders 116,618    
Total noncontrolling interests 136,727    
Fair value of net assets acquired and liabilities assumed, net of noncontrolling interests 2,921,427    
Goodwill 47,136    
Total purchase price 2,968,563    
Physicians Realty Trust | Measurement Period Adjustments      
Real estate:      
Buildings and improvements (6,889)    
Development costs and construction in progress 0    
Land and improvements 0    
Real estate (6,889)    
Loans receivable 0    
Investments in and advances to unconsolidated joint ventures 0    
Accounts receivable, net (254)    
Cash and cash equivalents 0    
Restricted cash 0    
Intangible assets 0    
Right-of-use asset (113)    
Other assets (668)    
Total assets (7,924)    
LIABILITIES AND EQUITY      
Term loans 0    
Senior unsecured notes 0    
Mortgage debt 0    
Intangible liabilities 0    
Lease liability (113)    
Accounts payable, accrued liabilities, and other liabilities (2,976)    
Total liabilities (3,089)    
Redeemable noncontrolling interests 1,573    
Joint venture partners (3,043)    
Non-managing member unitholders 0    
Total noncontrolling interests (3,043)    
Fair value of net assets acquired and liabilities assumed, net of noncontrolling interests (3,365)    
Goodwill 3,365    
Total purchase price $ 0    
Physicians Realty Trust | Minimum      
LIABILITIES AND EQUITY      
Ownership percentage (as a percent) 56.70%    
Physicians Realty Trust | Maximum      
LIABILITIES AND EQUITY      
Ownership percentage (as a percent) 99.70%