Healthcare Realty Trust announced that Daniel Gabbay will assume the role of Executive Vice President and Chief Financial Officer, effective January 12, 2026. Gabbay joins the Nashville‑based REIT from a nearly two‑decade career in real‑estate investment banking, where he advised on high‑profile healthcare REIT transactions, including the $5 billion merger of Healthpeak Properties with its peer.
The appointment comes as Healthcare Realty accelerates its “Healthcare Realty 2.0” transformation, a strategy launched in 2025 that shifts the company from an acquisition‑heavy model to a disciplined, operations‑focused approach. Gabbay’s banking background is intended to strengthen the firm’s capital allocation, debt‑repayment plans, and future M&A execution, all of which are critical as the company works to reduce its net debt to adjusted EBITDA ratio from the 5.8‑to‑6.0× range seen in 2025 to a target of 5.4‑5.7× by year‑end 2026.
The 2022 merger with Healthcare Trust of America, Inc. (HTA) created a large, pure‑play medical office building REIT but also exposed the company to high leverage and integration challenges that the 2.0 plan seeks to correct. Gabbay’s experience advising on the HTA deal and other large healthcare REIT transactions positions him to navigate the balance‑sheet repair and portfolio optimization that the company has prioritized since the merger setback.
Peter Scott, President and CEO, said, “I am incredibly excited to welcome Dan to Healthcare Realty. Dan brings an exceptional blend of strategic insight, analytical rigor, and capital‑markets expertise that will be instrumental as we continue to execute the 2.0 vision.” Gabbay added, “I look forward to working with the talented team to advance our disciplined financial strategy and support the company’s asset‑sale and debt‑repayment initiatives.”
With the new CFO in place, Healthcare Realty signals confidence in its ability to sustain the 2.0 transformation, maintain its 2025 Normalized FFO guidance, and continue to deliver steady cash‑flow generation while reducing leverage. The appointment is expected to reinforce the company’s focus on operational discipline, portfolio optimization, and capital‑efficiency initiatives that underpin its long‑term value creation strategy.
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