Remedy And MedProperties Form $350 Million Medical Office Building Joint Venture
The joint venture was formed to recapitalize an 11-state, 23-asset healthcare real estate portfolio totaling more than 1 million square feet owned by MedProperties. The properties are located in Texas (eight facilities), Florida (two), Pennsylvania (two), Ohio (two), Kentucky (two) and one each in Tennessee, New York, North Carolina and Missouri.
Colorado, Arizona Medical Office Building Portfolio Trades For $56 Million
Wentworth Healthcare Properties purchased the180,000-square-foot MOB portfolio from Centum Health Properties encompassing an asset in the Denver market and three in the Greater Phoenix market. The four value-add properties in Colorado and Arizona were roughly 80 percent leased at the time of the sale,
2021 To Break Medical Office Building Sales Record
According to Revista, a healthcare real estate data firm, MOB sales volume last year is likely to surpass $16 billion, breaking the previous record of $15.6 billion, set in 2015.
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