Primary Health Properties PLC (PHP) is a United Kingdom-based healthcare real estate investment trust (REIT). The Group is engaged in the generation of rental income and capital growth through investment in primary healthcare property in the United Kingdom leased principally to general practitioners (GPs), NHS organizations and other associated healthcare users. The Group's business model is to invest solely in the freehold or long leasehold of modern purpose built primary healthcare facilities in the United Kingdom, which the Group held for long term investments. The Group also invests in completed, let properties acquired from a range of investors. As of December 31, 2014, the Group held a total of 265 property assets, with 260 completed and five on-site, under construction.