Morgan Stanley, KeyBanc Capital Markets, and Merrill Lynch complete public offering of Common Shares

Client(s) Morgan Stanley & Co. LLC, KeyBanc Capital Markets Inc., and Merrill Lynch, Pierce, Fenner & Smith Incorporated

Jones Day represented Morgan Stanley & Co. LLC, KeyBanc Capital Markets Inc., and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representatives of the several underwriters, in connection with a public offering of 17,250,000 Common Shares of beneficial interest, which include 2,250,000 shares issued pursuant to the underwriters' greenshoe option, of Physicians Realty Trust, a self-managed healthcare real estate company. The public offering price per share was $18.20 for gross proceeds to Physicians Realty Trust of approximately $314 million.