Healthcare Realty

Healthcare Realty’s buildings are places where physicians provide care. But sometimes they can also serve as hubs of community support and engagement. Our property management team members often host service events at our buildings, finding creative ways to give back. Here are highlights from a few recent initiatives: In Indianapolis, our team partnered with #RecycleForce to host an e-waste collection event. Despite heavy rain that day, the drive collected nearly 425 pounds of electronic waste, diverting these materials from landfills, creating an opportunity for metals, plastics, and glass in these products to be recycled, and giving tenants a convenient way to clear out unwanted e-waste from their suites. In Austin, our team collaborated with Backpacks for Hope, an initiative of the #TexasAdvocacyProject, to sponsor a school supply drive. They collected 24 new backpacks filled with essential school supplies for children affected by domestic violence, empowering them to start the new school year with confidence and readiness. In Nashville, our team hosted Pops and Pups, a fundraiser and pet supply drive for the #SPCAofTennessee. The drive collected donations of pet supplies to support the SPCA’s mission to help pets find adoptive homes. Tenants and visitors enjoyed meeting adoptable dogs and cooling off with gourmet popsicles. The event raised over $1,100 for the SPCA, plus a collection of donated dog beds, crates, dog food, toys, and cleaning supplies. We’re proud of the ways Healthcare Realty’s team members work together to make a positive difference in their communities! #Community #Service #GivingBack #HealthcareRealtyCares

Ivette Santiago, Property Manager in Hartford, Connecticut, is the winner of Healthcare Realty’s Values in Action Award for the second quarter of 2024. Ivette was selected for this honor based on her consistent demonstration of Healthcare Realty’s core value of Excellence, as seen in her attention to detail, her proactive approach to problem-solving and customer service, and the efficiency with which she manages her buildings. Within her team, Ivette promotes collaboration, recognizes the contributions of others, and creates a positive and inclusive work environment where everyone feels supported and motivated. These qualities were particularly evident in the second quarter, when she balanced her property management responsibilities with training and mentoring two new team members, sharing her knowledge for successful onboarding. She values strong team building, and her focus on outstanding customer service is emblematic of Excellence, making her a deserving recipient of this award. The Values in Action Award is Healthcare Realty’s company-wide recognition program. Employees submit nominations for teammates based on the ways they embody our core values in their work – Respect, Camaraderie, Entrepreneurship, and Excellence. An employee-led selection committee chooses one winner per quarter from the nominees. We extend our congratulations to Ivette and our appreciation for all the ways she demonstrates Healthcare Realty’s #ValuesInAction! #Celebrating #Employees #Values #Respect #Camaraderie #Entrepreneurship #Excellence

Two more Healthcare Realty properties, both in the Seattle market, just became 100% leased! The last vacancies in Edmonds Medical Pavilion were leased in early July to Providence Health / Swedish, bringing the 74,000-square-foot property to 100% leased. We also signed a new lease with an ophthalmology surgical specialist for the last available spec suite at Overlake Medical Pavilion, which means that 191,000-square-foot building is now fully leased. Our Seattle-area Director of Leasing Lauren Coombs and the whole leasing team at Healthcare Realty extend our appreciation to our local leasing partners at CBRE in Seattle: Marcus Yamamoto, Tim Owens, Paul Carr, John Bauer, and Katie Smith for their great work to introduce these new tenants to our properties. #100% #Leased #Medical #RealEstate #Excellence #NewTenants

Today, Healthcare Realty released its sixth annual Corporate Responsibility Report, highlighting the Company’s 2023 environmental, social, and governance (ESG) initiatives and accomplishments. The report outlines the Company’s progress toward its stated key performance indicators, environmental performance, and disclosures that align with the Task Force on Climate-Related Financial Disclosures (TCFD) and the Sustainability Accounting Standards Board (SASB).  Healthcare Realty’s 2023 ESG achievements include:  ✅ Awarded GRESB’s 3 Green Star rating, earning a score of 75 on its 2023 assessment  ✅ Received GRESB’s Public Disclosure rating of “A,” ranking second out of a peer group of 10 real estate companies for transparency in public reporting on sustainability practices  ✅ Accomplished goal of achieving whole-building utility coverage for 71% of the portfolio ✅ Achieved 28 new green building certifications ✅ Increased alignment with United Nations Sustainable Development Goals (SDGs) ✅ Established new ESG goals for reductions in energy, water, and greenhouse gas emissions by 2032, plus robust employee engagement, safety, and training initiatives ✅ Increased board diversity to 42% women and/or racially diverse directors in 2024 “I’m pleased with our progress toward integrating ESG initiatives throughout the portfolio, especially the effort to expand our data collection capabilities across the legacy HTA properties. As evidenced by our 2023 GRESB score, our ESG efforts are driving positive results. This year, we are focused on making substantive progress on our new ESG goals,” said Todd Meredith, Healthcare Realty’s President and Chief Executive Officer.  Healthcare Realty’s 2023 Corporate Responsibility Report includes data for properties over which the Company held operational control, authority to exercise investment decisions, and for which whole-building utility data was available for all of 2022 and 2023. The report and additional information about ESG performance and policies can be found on our website, at https://lnkd.in/eNuRTCiY

During the second quarter of 2024, Healthcare Realty promoted eleven employees to new roles within the company. We celebrate these team members’ achievements, dedication, and continued commitment to excellence! Top row, left to right: Sonya Castrejon - Oklahoma City Previous role: Assistant Property Manager Promoted to: Property Manager Caitlin Christopher - Nashville Previous role: Lease Administrator Promoted to: Project Coordinator David Finn - Denver Previous role: Maintenance Engineer Promoted to: Lead Engineer Mason Gazaway - Nashville Previous role: Senior Accountant Promoted to: Accounting Manager Second row, left to right: Emily Ignatoski - Nashville Previous role: Staff Accountant II Promoted to: Senior Accountant Matthew Lederer - Nashville Previous role: Vice President, Investments Promoted to: First Vice President, Investments Casey Pileggi - Seattle Previous role: Vice President and National Director, Leasing Promoted to: First Vice President and National Director, Leasing Saulo Prado - Detroit Previous role: Administrative Assistant Promoted to: Assistant Property Manager Third row, left to right: Husna Siddiqui - Nashville Previous role: Staff Accountant Promoted to: Senior Accountant Amanda Vaughan - Houston Previous role: Administrative Assistant Promoted to: Assistant Property Manager Johnathan Wilson - Nashville Previous role: Associate Director of Engineering Promoted to: Director of Engineering #Promotions #PeopleOnTheMove #Celebrating #Employee #Success   

CEO Todd Meredith welcomes Tom Bohjalian to the Board of Directors. Healthcare Realty announced the appointment of Thomas N. Bohjalian to its Board of Directors, effective June 25, 2024. Mr. Bohjalian, whom the board has determined to be independent, has also been appointed to the board’s newly formed Capital Allocation Committee. Mr. Bohjalian brings over 30 years of real estate and finance experience to Healthcare Realty. Since December 2021, he has been a member of Apartment Income REIT Corporation’s Board of Directors, serving on the Audit, Compensation and Human Resources, and Governance and Corporate Responsibility Committees. Mr. Bohjalian is also currently a Senior Real Estate Advisor to BeyondView, which provides interactive visualization software for real estate and other industries. Previously, Mr. Bohjalian spent 20 years at Cohen & Steers, where he was Executive Vice President, Senior Portfolio Manager and the Head of U.S. Real Estate and Trading departments, where he was responsible for investment decisions for $40 billion of the firm’s assets and setting the strategic direction and objectives of the firm’s real estate investment funds. Mr. Bohjalian is a Chartered Financial Analyst, a member of the New York Society of Security Analysts and a graduate of Northeastern University, receiving a B.S. in Business Administration and M.B.A. “We are pleased to welcome Tom to Healthcare Realty’s Board of Directors. He is a highly respected leader in investment management with deep real estate expertise,” stated Knox Singleton, Chairman. “Tom will bring additional investment experience and perspective to the board and strengthen our capital allocation expertise.” “Tom’s strong track record managing real estate investment funds will be invaluable as we continue to execute on our capital allocation priorities, gain operational momentum, and accelerate financial performance,” commented Todd Meredith, President and CEO. Ferguson Partners, a firm specializing in board and executive recruitment in the REIT industry, advised the Board of Directors on this appointment.

The recipients of Healthcare Realty’s Engineering Impact Award for the second quarter of 2024 are Adrian Pucha and Estuardo Temaj, Maintenance Engineers on our team in White Plains, New York. In May, an inspection identified a significant leak within the main water supply to three medical outpatient buildings on our Westchester campus. The inspector reported that a major component of the system was beyond repair and needed replacement, estimating the total cost at $10,000 to $15,000. Before committing to such a significant expense, Estuardo and Adrian wanted to get a closer look at the issue. Together, they disconnected the faulty part and found that it was clogged. They cleared the debris, cleaned all components, and reassembled the water line. The leak was completely resolved and the system has continued to function without issues ever since. Adrian and Estuardo’s ingenuity, skills, and teamwork saved $10,000 to $15,000 while keeping these three buildings functioning optimally for our medical tenants. The Engineering Impact Award is presented quarterly to a Healthcare Realty engineer (in this case, two!) whose recent work stands out for initiative, cost savings, project difficulty, and going above and beyond. This project was just one of many in which Adrian and Estuardo have gone the extra mile. Our congratulations and gratitude to this talented team for their fantastic work! #Engineering #Excellence #Initiative #CostSavings #AboveAndBeyond

We are pleased to introduce three new colleagues: Kayla Gonzalez in Seattle, Michael Strothmann in Indianapolis, and Adrian Sandoval in Houston. Healthcare Realty is glad to welcome each of you aboard! #greatplacetowork

Announcing the recipients of Healthcare Realty’s Leasing Spotlight Award for second quarter 2024: Lisandra De La Rosa, Alexander Renwick, and Andrea Vigil. Lisa was honored in April for her work on a complicated 38,000 square foot lease within our campus of medical properties in White Plains, New York. Lisa saw an opportunity to reimagine the building as a new location for White Plains Hospital. With visionary thinking, unwavering perseverance, and her characteristic calm demeanor, she coordinated with hospital administrators, local broker representatives, and our development department on a plan for the redevelopment of the building and a 20-year lease to the hospital. Alex received the award in May, in recognition of his work to secure a 50,000 square foot lease at one of our MOBs in the Dallas market. He recognized that the unique space, previously a single-tenant rehab hospital, held significant potential for a large tenant specializing in neuro/post-trauma care, cardiac care, infectious disease, and wound care. Collaborating with his local brokerage team, he negotiated a lease that represents a perfect fit for the building and for the tenant. In June, the award went to Andrea, after she completed ten new leases for the month totaling nearly 25,000 square feet, plus nine renewals for 35,000 square feet. Managing such a high volume of deals and navigating them to a smooth conclusion across multiple markets and brokerage teams required exceptional skill, focus, and coordination. Notably, almost 20% of Andrea’s new deals in June and over 50% of her renewals were transacted in the DC/Baltimore/Northern Virginia markets, a region for which she only just assumed responsibility in May. Her ability to swiftly familiarize herself with new markets, new brokers, and a new portfolio has been extraordinary. The Leasing Spotlight Award is Healthcare Realty’s recognition program aimed at celebrating outstanding leasing performance, awarded each month to one of our many deserving leasing team members. Congratulations to each of our Q2 honorees! #Celebrating #Leasing #Excellence #SpotlightAward 

Yesterday, Healthcare Realty (NYSE: HR) provided a second quarter update on its operational and capital allocation momentum. A few key highlights: ➡️ In Q2, new signed leases totaled 432,000 square feet – the company’s fourth consecutive quarter with new signed leases above 400,000 square feet. ➡️ Multi-tenant absorption in Q2 was 122,000 square feet. Combined with Q1, multi-tenant absorption for the first half of the year was 183,000 square feet, which was above the guidance range of 90,000- 140,000 square feet projected in the company’s Multi-tenant Occupancy and NOI Bridge. ➡️ Over the last three quarters, multi-tenant occupancy has increased 371,000 square feet, representing approximately 110 basis points of positive absorption. ➡️ As previously disclosed, Healthcare Realty has generated approximately $400 million of proceeds from JV and asset sale transactions year-to-date. The company has additional asset sales and JV transactions under contract or LOI that are expected to increase proceeds to over $1 billion. The majority of these transactions are expected to be completed in Q3 2024. Proceeds will fund accretive, leverage-neutral share repurchases and existing capital commitments. “We are making meaningful progress on our capital allocation and operating priorities. We continue to see strong leasing momentum and occupancy gains,” stated Todd Meredith, President and CEO. “Looking ahead, we expect this progress to lead to improved dividend coverage and accelerated FFO growth.” Read more from yesterday’s press release here: https://lnkd.in/e2dEE7FS