Nuveen Real Estate has moved into the healthcare sector in a big way. Since 2019, the leading investment manager has built a portfolio of more than $2.5 billion. With the sector poised for even greater growth due to the increasing popularity of MOB’s as well as the mounting demand for senior living facilities, Nuveen is planning to increase its investment.
First KKR and then Nuveen add $1.4 billion in value to Healthcare Realty. Year-to-date, the real estate investment trust completed $800 million in joint venture and asset sale transactions, generating about $700 million in proceeds.
The 85,000-square-foot Aurora East Crossroads broke ground in March 2023. The three-story MOB building features a 19,000-square-foot ambulatory surgery center on the first floor.
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