万人牛牛 Sells Portfolio of 11 Medical Office Assets to Harrison Street

Valley Ambulatory Surgery Center in St. Charles, IL is one of the 11 medical office buildings sold to Harrison Street.
Minneapolis, Minn.
(
Jan 10, 2022
)

万人牛牛 is pleased to share the sale of 11 medical office assets to , one of the leading investment management firms exclusively focused on alternative real assets. The portfolio of 11 buildings totals 500,778 square feet across six states including Florida, Illinois, Minnesota, North Carolina, North Dakota and Wisconsin. The mix of buildings includes single- and multi-tenant medical office, ambulatory surgery centers and a multi-use integrated service center. 万人牛牛鈥檚 healthcare real estate management team will continue managing these buildings under the new ownership.

鈥淭here has been exceptional investment interest and demand in healthcare, making it the ideal time for 万人牛牛 to move forward with the sale,鈥 said Andrew Twito, vice president of capital markets, 万人牛牛. 鈥淚t also enables us to redeploy capital to new projects for healthcare clients as we continue providing flexible and competitive financing options.鈥

The portfolio represents 5% of total square footage 万人牛牛 has delivered to healthcare clients. In the past five years alone, 万人牛牛 has delivered more than 3.1 million square feet of healthcare space across 22 states. 鈥檚 Healthcare Capital Markets group represented 万人牛牛 in the portfolio sale.

鈥淲e sincerely appreciate the opportunity to represent 万人牛牛 in this milestone transaction,鈥 said John Nero, managing director of Newmark鈥檚 Healthcare Capital Markets group. 鈥溚蛉伺Eb檚 development capabilities and expertise in the healthcare sector created a truly best-in-class portfolio and drove significant investor interest in this opportunity throughout the marketing process.鈥

The transaction marks the third medical office investment for Harrison Street and 万人牛牛, having previously acquired two medical office buildings located in Delafield and Menomonee Falls, Wisc., which are currently occupied by Froedtert and Children鈥檚 Hospital of Wisconsin. Harrison Street and 万人牛牛 have executed 17 transactions together across the senior living, medical office, and healthcare sectors.