Heitman Acquires A Six Baylor Micro-Hospital Medical Office Portfolio In Dallas-Forth Worth
Heitman LLC, a global real estate investment management firm, today announced the acquisition of a six building portfolio of Baylor-anchored micro-hospital locations totaling approximately 190,000 square feet.
Heitman acquired the Baylor Scott & White Health System Medical Office Building portfolio on behalf of its global strategy in a joint venture with Seavest Healthcare Properties.
The properties were built between 2014-2018 and are affiliated with the largest hospital system in the Dallas-Fort Worth metroplex, Baylor, and are operated by Emerus Holdings who specializes in micro-hospital partnerships with large, sophisticated health systems.
The portfolio is 100% leased and the six properties are strategically located throughout the Dallas-Fort Worth area near population centers with access to major transportation nodes serving the larger metroplex.
“We are pleased to partner with Seavest, an established and high-quality MOB operator, to acquire this best-in-class micro-hospital portfolio on behalf of our global investment strategy and to work with Texas’ largest healthcare provider,” said Gordon Black, Heitman Senior Managing Director and Global Portfolio Manager. “Our global strategy invests across property types in the North American, European, and Asia-Pacific regions. The addition of the Baylor micro-hospital MOB portfolio provides our global portfolio strong risk diversification from both a regional and sector perspective as we continue to balance our portfolios to match today’s operating environment and continued uncertainty in the markets.”
BlackBirch Capital exclusively represented the seller.
Source: HREI
