Healthcare Realty Trust Inc – ‘8-K’ for 10/30/98 – EX-20.1

As of:  Friday, 10/30/98   ·   For:  10/30/98   ·   Accession #:  950144-98-11845   ·   File #:  1-11852

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Healthcare Realty Trust Form 8-K                       4     14K 
 2: EX-20.1     Press Release                                          2±     8K 

EX-20.1   —   Press Release

EX-20.1
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                                                                  EXHIBIT 20.1

 [HEALTHCARE REALTY TRUST]

NEWS RELEASE
--------------------------------------------------------------------------------

Contact: David R. Emery                          Timothy G. Wallace             
         Chairman and Chief Executive            Executive Vice President, Chief
Officer                                 Financial Officer     
(615) 269-8175                          (615) 269-8175        

 HEALTHCARE REALTY TRUST COMPLETES
 $900 MILLION ACQUISITION OF
CAPSTONE CAPITAL CORPORATION

  NASHVILLE, TENNESSEE October 15, 1998 -- Healthcare Realty Trust
Incorporated (NYSE:HR) announced today the completion of its acquisition of     
Capstone Capital Corporation (NYSE:CCT). Healthcare Realty Trust is now the     
largest real estate investment trust focused exclusively on healthcare-related  
properties, with investments of $1.4 billion.                                   

      Each Capstone common share was exchanged for .8518 Healthcare Realty
common share with the issuance of approximately 19 million new HR common shares.
In addition, Healthcare Realty Trust has assumed approximately $359 million in  
debt and issued approximately $75 million in new preferred shares at a          
one-to-one ratio for each Capstone preferred share.                             

        David R. Emery, Healthcare Realty Trust's Chairman and Chief Executive
Officer commented, "The combination of the two companies enables Healthcare     
Realty Trust to further its strategic goals and provides an unique opportunity  
to expand our portfolio of high-quality properties affiliated with leading      
healthcare providers. We expect to provide property management services to many 
of the acquired properties and to provide property management and real estate   
services to other properties of Capstone's clients."                            

Healthcare Realty Trust is a real estate investment trust that
integrates owning, managing and developing income-producing real estate         
properties associated with the delivery of healthcare services throughout the   
United States. The Company's portfolio is comprised of fourteen facility types, 
located in 122 markets nationwide, and operated pursuant to contractual         
arrangements with 62 healthcare providers. Since commencing operations in June  
1993, the Company has invested or committed to invest, over $1.4 billion in 273 
income-producing real estate properties, totaling over 4.7 million square feet. 
The Company provides property management or asset management services to        
approximately 10 million square feet nationwide.                                

     Forward-looking statements contained in this press release are made
pursuant to the safe harbor provisions of the Private Securities Litigation     
Reform Act of 1995. Forward-looking statements may be significantly impacted by 
certain risks and uncertainties described in the Company's Annual Report on Form
10-K filed with the Securities and Exchange Commission for the year ended       
December 31, 1997.                                                              

 -END-

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
Filed on / For Period End:		10/30/98
		10/15/98
		12/31/97		10-K
				List all Filings