Industry Pulse: November 2005

INDIANAPOLIS – As this edition of Healthcare Real Estate Insights™ was about to go to press, we learned that Windrose Medical Properties Trust (NYSE: WRS) has agreed to acquire 22 properties for a total of about $241 million. The sellers are various limited partnerships associated with medical real estate developer Bruce A. Rendina and Rendina Cos., according to documents filed with the Securities and Exchange Commission. Twenty-one of the properties are medical office buildings (MOBs) and one is a commercial office building. They total more than 1 million square feet (rentable) and were 93.7 percent leased at the time of the SEC filing. Seventeen of the properties are on or near hospital campuses. Sixteen of the properties are in Florida and six are in Arizona, California and Texas. The deal is expected to close before the end of the year. HREI™ will have full coverage of this major transaction in the December edition.

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

Comments are closed, but trackbacks and pingbacks are open.