News Release: Closed – Medical Office Building

Genesis HealthPlex (Photo courtesy of MRXE Capital)

MRXE Capital Markets is pleased to announce it has represented both developer and buyer in the recapitalization of a medical office building in Des Moines, Iowa.

Transaction Highlights  

Cap Rate in the low 6’s

Long-Term Lease

Credit Hospital Tenancy

$300+ PSF

MRXE Capital Markets was engaged by a large national developer to run a process to source a new programmatic equity partner for a pipeline of existing and future MOB developments.  After an exhaustive search, where multiple groups were considered, a new venture was formed and this is the first closing of many.

Michael Bennett – Managing Principal – Michael@mrxecm.com

Mike Janus – Senior Vice President – Janus@mrxecm.com

The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE

Existing Users Log In