The Rees-Jones Foundation’s $100 million donation is the second such gift for the new campus in the past few months–the first came from the Pogue family in May. It marks the first time a nonprofit construction project has received two $100 million gifts.
The expansion is an answer to increased demand at the hospital and will add patient beds, jobs and care for cancer patients. The project is planned to be finished by April 2026, and 131,700 square feet will be added to its C Tower.
Medical office investment remains highly desirable as the underlying market dynamics for leasing and resale remain strong. Despite reduced transaction volume, the U.S. MOB sector is showing resilience in the face of economic uncertainty.
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