January 25, 2019
The Hammes Medical Office Portfolio, a 979,000-square-foot, geographically-diverse collection of 23 Class A medical outpatient properties, has traded hands for $400 million. The seller was Milwaukee-based Hammes Partners, while the buyer was Toledo, OH-based Welltower.
The properties are located in 12 metro markets in Virginia, Washington, North Carolina, Illinois, New York, New Jersey, Pennsylvania, Alabama and Texas.
JLL Healthcare Capital Markets’ Mindy Berman and Steve Leathers advised the seller.
Berman says, “Prospective investors were attracted to this carefully curated portfolio of high-quality outpatient assets. Selling points include the portfolio’s alignment with major health systems, durable income and locations in strong metro markets.”
For comments, questions or concerns, please contact Dennis Kaiser
* Pictured South Kitsap Medical, Port Orchard, WA