News Release: Class A national medical office portfolio sells for $400M

HREI Editor’s Note: This news release confirms a story HREI first reported on 12/26/18. To read the original article, please click here.

Class A national medical office portfolio sells for $400M

JLL Healthcare Capital Markets completes sale of 23 Class A assets in 12 major metros

NEWS PROVIDED BY JLL 

Jan 24, 2019, 11:00 ET

BOSTONJan. 24, 2019 /PRNewswire/ — JLL Healthcare Capital Markets experts have completed the $400 million sale of the Hammes Medical Office Portfolio, a 979,000-square-foot, geographically-diverse collection of 23 Class A medical outpatient properties affiliated with top health systems and other providers in nine states.

Managing Directors Mindy Berman and Steve Leathers handled the sale on behalf of the seller, Milwaukee-based Hammes Partners, a highly respected institutional private equity firm exclusively focused on healthcare real estate. Welltower, a leading global provider of health care infrastructure, acquired the portfolio.

“Prospective investors were attracted to this carefully curated portfolio of high-quality outpatient assets,” said Berman. “Selling points include the portfolio’s alignment with major health systems, durable income and locations in strong metro markets.”

The properties are located in 12 metro markets in the following states: VirginiaWashingtonNorth CarolinaIllinoisNew YorkNew JerseyPennsylvaniaAlabama and Texas.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution.

JLL Healthcare Capital Markets is the only national full-service healthcare capital markets team in the real estate industry focused on medical office, hospitals, seniors housing and post-acute care. The team consistently transacts over $1 billion annually with unrivaled expertise and experience in investment sales, monetization, development debt and equity capital raise and advisory services for investor and provider clients.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with operations in over 80 countries and a global workforce of 88,000 as of September 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com

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Contact: Scott Sutton
Phone: +1 312 228 2863
Email: Scott.Sutton@am.jll.com

SOURCE: JLL

Related Links

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Related articles:

http://wolfmediausa.com/2018/12/26/transactions-hammes-partners-closes-on-sale-of-23-mob-portfolio/

News Release: Just closed: Hammes Medical Office Portfolio

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