April 16, 2019 Comments (0) Views: 261 Alabama, Florida, Illinois, Midwest, National News

Four-State MOB Portfolio Sold for $90M

CBRE completed the sale of 23 medical buildings in three separate transactions valued at roughly $90 million. The assets were sold to separate unnamed buyers, and encompassed more than 300,000 square feet across four states.

Properties include the Greenleaf Center Medical Portfolio in the Chicago Metropolitan Area (13 MOBs), the Dermatology Solutions Group Portfolio in multiple markets in Florida and Alabama (eight dermatology facilities), and 2061 Peachtree located in Atlanta (five-story MOB).

The seller’s exclusive advisors for these deals were from CBRE U.S. Healthcare Capital Markets’ including Lee Asher, Chris Bodnar, Sabrina Solomiany, Shane Seitz, and Ryan Lindsley.

CBRE’s Lee Asher says, “We continue to see very strong interest in the market for healthcare real estate assets, and investors have allocated a substantial amount of capital to the sector this year. Consistent with previous years, pricing and demand for healthcare investment properties continues to be strong with steady cap rates year-over-year.”

* Pictured Greenleaf Center Portfolio

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