After buying 29 properties for $87.0 million in cash during the second quarter, Community Healthcare Trust had a quieter Q3, paying $13.1 million for three properties and funding an $11.0 million mortgage. Also in the works, company officials said Friday, are five purchases for $24.8 million and work to turn 18 non-binding term sheets for $29.4 million into done deals.
If those efforts are successful, Community Healthcare Trust will have acquired 55 properties for $154 million. Community Healthcare Trust went public four months ago with agreements to pay $115 million for 35 properties in 18 states. Since the IPO, its shares (Ticker: CHCT) have fallen about 20 percent, taking the company's market cap down to about $120 million.
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