Physicians Realty Trust: Uninspiring Growth Prospects, Despite Quality Cash Flows Incorporated in 2013, Wisconsin-based Physicians Realty Trust (DOC) has grown its healthcare portfolio from about $124 million of gross real estate assets at the time of its IPO to approximately $5.87 billion as of its latest filings. Specifically, DOC’s portfolio presently comprises 278 health care properties located in 33 states totaling roughly 15.6 million net leasable square feet. Out of these, approximately 95% were leased, with the weighted average remaining lease term standing at 6.2 years. It''s worth noting that about 90% of the portfolio’s net leasable square footage was located either on a hospital campus or other health care facilities, which enables DOC to achieve operating efficiencies.