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For Sale: Elliott Bay Healthcare Portfolio | 1,020,000 RSF

Elliott Bay Healthcare Portfolio

JLL is pleased to offer for sale a premier portfolio of 91 single-tenants, net lease healthcare properties with 1.02 million rentable square feet associated with leading health system and best-in-class dialysis providers.  The multi-state portfolio is 100% occupied and backed by 91% investment grade credit tenancy or NYSE public companies with a weighted average lease terms of 8 years.  The buildings are new construction with critical infrastructure such as dialysis centres, ambulatory surgery centres, cancer centres and imaging.

Investment Highlights

  • Diverse national portfolio of high acuity healthcare uses in desirable needs-based property class
  • 100% occupied, net leased portfolio with desirable 8.3-year weighted average remaining term
  • 38% occupied by highly-rated health systems and large physician groups with 62% of tenants from the largest U.S. dialysis providers – 91% of tenancy is investment grade or NYSE public companies
  • Outpatient locations in 25 states, majority in desirable top 100 U.S. metro areas
  • Strong portfolio NOI growth of 2.1% annually over 10-year hold from contractual rent increases
  • High fit out with ambulatory surgery canters, imaging, cancer treatment and dialysis
  • Fee simple, offered free and clear of debt and ongoing management is available

Contact:

Daniel Turley
Executive Vice President
O +1 214 438 6374
M +1 212 729 9327
daniel.turley@am.jll.com 
Brannan Knott
Vice President
O +1 617 316 6508
M +1 443 983 6039
brannan.knott@am.jll.com 
Mindy Berman
Managing Director
O +1 617 316 6539
M +1 617 899 0657
mindy.berman@am.jll.com 
Steve Leathers
Executive Vice President
O +1 212 812 5867
M +1 949 922 4195
steve.leathers@am.jll.com 

 

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