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Healthcare Realty Trust Inc. is expanding its existing joint venture relationship with Nuveen Real Estate (previously referred to as TIAA) to the tune of about $400 million in assets.

HRT will contribute the assets to a new joint venture in two phases at a cap rate of about 6.6 percent. The first phase, which should be completed in August, will see the contribution of eight current HRT properties valued at $193 million. Nuveen will fund a contribution equal to 80 percent of that equity value. HRT will retain the remaining 20 percent equity and will continue to manage day-to-day operations and leasing of the properties.