Industry Pulse: August 2011

NEW JERSEY – There is plenty of talk in the healthcare real estate sector these days about a lack of available, high-quality medical office buildings (MOBs) for sale, especially facilities with hospital affiliations. Whenever those properties are indeed placed on the market, the competition among a variety of investor types heats up quite strongly. Amid this backdrop comes a portfolio of seven MOBs for sale in several New Jersey markets. The prospective seller is Linden, N.J.-based Gordon Group. The suggested price is $195 million and the portfolio is being marketed by the Healthcare Capital Markets Group of CB Richard Ellis Group Inc. (NYSE: CBG).

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