ORLANDO, Fla. – In more news from CNL Healthcare Properties, the non-traded REIT recently made MOB acquisitions in Greater Boston and Glendale, Calif., paying a total of $47.9 million in two separate transactions.
In Glendale, CNL acquired the Lee Hughes Medical Building, a 76,758 square foot MOB on the campus of the 500-bed Glendale Adventist Medical Center, part of Roseville, Calif.-based Adventist Health.
According to information from CNL, the company paid $29.9 million for the facility that was completed in 2008. The PSF was $387.
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