REIT IS COMPLETING $241 MILLION, 22-ASSET DEAL
By John Mugford
Windrose Medical Properties Trust (NYSE: WRS), an Indianapolis-based, publicly traded and self-managed healthcare real estate investment trust (REIT), has a stated goal of acquiring about $100 million worth of medical office buildings (MOBs) annually.
The company smashed that figure in one fell swoop last month when it announced an agreement to acquire a portfolio of 22 properties in the Sun Belt, all but one of them MOBs, for about $241 million. As far as Healthcare Real Estate Insights™ can determine, the deal was the largest MOB portfolio acquisition of the year.
The assets, which total about 1 million square feet, are in Florida, Texas, California and Arizona.
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