PUBLICLY TRADED REIT ACQUIRES INTEREST IN FIVE SOUTHERN CALIFORNIA MOBs
By John Mugford
Back in 2008, publicly traded real estate investment trust (REIT) Nationwide Health Properties Inc. (NYSE: NHP) and San Diego-based Pacific Medical Buildings struck a deal so large that it garnered national headlines.
After all, the multi-year deal called for NHP to acquire up to 18 medical office buildings (MOBs) for a total value of nearly $1 billion.
The two entities traded 10 MOBs in 2008, with the buyer being NHP/PMB LP, a limited partnership of which a subsidiary of NHP acts as the general partner.
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