The Spivey Station outpatient center in Jonesboro, Ga., is part of a nine-property, 13-building, 907,291 square feet, portfolio that CNL Healthcare Trust has agreed to purchase from Atlanta-based Meadows & Ohly for $238 million
(Photo courtesy of CDH Partners Inc.)
REIT agrees to buy 13 MOBs from pioneering MOB developer Meadows & Ohly
By John B. Mugford
One of the Southeast’s most prolific medical office building (MOB) developers during the past four decades will soon cash in on the market’s historically high pricing.
Atlanta-based Meadows & Ohly LLC, which has developed more than 60 MOBs since Jim Meadows and Carl Ohly founded the firm in 1972, recently entered agreements to sell nine properties – with a total of 13 buildings – to Orlando, Fla.-based CNL Healthcare Trust, an unlisted real estate investment trust (REIT).
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