Inflation-Proof REIT Play #2: Physicians Realty Trust (DOC) Physicians Realty Trust (DOC) owns 275 medical offices that are almost all leased (96% as of this writing) to major health systems across the US. Like Equinix, it's in the "sweet spot" of REITs: DOC's health-care tenants saw high demand through the pandemic and will continue to do so post-COVID, with people laser-focused on their health. Outpatient care's steady growth will keep demand for DOC's offices high, and we get some additional support from its long lease terms, with only 28% of its tenants up for renegotiation through 2025.