JOINT VENTURE OF LOCAL FIRM, LARGE INVESTOR BUYS EIGHT PROPERTIES
By John Mugford
It’s been almost three years since Dallas-based Tenet Healthcare Corp. (NYSE: THC) announced that it planned to sell a massive portfolio of 34 medical office buildings (MOBs) located on or near its hospital campuses.
Well, everyone knows what happened since then to the economy, the capital markets, the commercial real estate sector and, subsequently, healthcare real estate. Because of its perceived affiliation with commercial real estate, the healthcare real estate sector saw investment demand soften for MOBs – until recently – and, for a period of time, rising cap rates.
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