Oct
08
Medical Office Portfolio Commands $230M
ByMedProperties Holdings is the new owner of 17 multi-state Harrison Street health-care assets totaling 620,000 square feet. The transaction marks the company’s single-largest acquisition in terms of purchase price, number of properties and total square footage.
MedProperties Holdings has acquired the Harrison Street Portfolio, a diverse 10-state, 17-property, medical office building portfolio totaling 620,750 square feet, for approximately $230 million.
“We are attracted to the healthcare real estate space and dedicated to this space because it is a very profitable niche, driven by the health service sector,” Darryl Freling, MedProperties’ managing principal, told Commercial Property Executive. “We are active buyers and sellers in the space, and when this attractive portfolio became available, we competed for it. It has a good diversity of product type, is located across 10 states and it has good hospital affiliations.”…
