ACQUISITION TO INCLUDE ASCs, MOBs AND MORE
By John Mugford
The healthcare real estate market has been buzzing and speculating in recent weeks, ever since Boston-based American Realty Capital Healthcare Trust Inc., a non-traded real estate investment trust (REIT), announced that it was acquiring a dozen medical properties for a price of $257.5 million.
With a total of 765,038 square feet, the portfolio’s price per square foot (PSF) works out to about $336.
The transaction, which has not closed, would be the largest medical real estate deal to close in 2011 and is remindful of a number of large transactions that took place prior to the recession and subsequent slowdown in medical office building (MOB) transaction volumes starting in 2008.
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