Two Mesquite buildings are part of a $600 medical property sale
Two Dallas-area properties are part of a $600 million nationwide medical building buy.
The Canada-based NorthWest Healthcare Properties REIT purchased more than two dozen buildings with 1.2 million square feet of medical office and hospital space. The buildings were acquired from Harrison Street Real Estate Capital. Five Texas properties are included in the deal, including the Baylor Scott & White Mesquite Family Health Center and an adjoining office building on Republic Parkway.
The big medical acquisition also included buildings in California, Colorado, Illinois, Indiana, Florida, Massachusetts, Minnesota and Oklahoma.“Harrison Street is proud to have partnered once again with JLL’s Healthcare Capital Markets team to execute the sale of this complex portfolio spanning multiple medical sub-sectors and U.S. states,” Harrison Street’s Ben Mohns said in a statement.
“The offering was well received due to its scale and the mix of medical office and acute care facilities,” Berman said. “Health care assets have seen increased investor interest as the sector offers long-term leases with quality tenants that provide steady income to landlords.”
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