The MOB portfolio totaling 300,000 square feet are located across Arizona, Illinois, Massachusetts, Tennessee, and Texas. NHP sold the ten properties to a joint venture between Altera Fund and TPG Angelo Gordon.
This acquisition marks Echo’s return to Colorado, where the company has previously managed healthcare and retail properties.
The Southlake City Council approved a site plan for the building during their Feb. 4 meeting. The new 32,116-square-foot, standalone building will be located to the east of the Methodist Southlake Medical Center.
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