MOBs IN THE OHIO AND TEXAS MARKETS ARE THE FIRM’S LATEST ACQUISITIONS
By John Mugford
The acquisition pace is picking up for Santa Ana, Calif. -based Grubb & Ellis Healthcare REIT II Inc., a new REIT that is becoming one of the most active healthcare real estate buyers in the market today.
In recent weeks, the eight-month-old REIT made two acquisitions, one in Cleveland and the other in Livingston, Texas, about 50 miles north of Houston.
In Cleveland, the Grubb & Ellis REIT purchased St. Vincent Medical Office Building, a three-story, 51,000 square foot MOB on the campus of St. Vincent Charity Medical Center.
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