UNLISTED REIT PAYS $30.43 MILLION FOR OFF-CAMPUS PROPERTY IN PAW PAW
ARC Healthcare Trust recently acquired this 100,321 square foot MOB in Paw Paw, Mich. The REIT paid $30.43 million for the facility, which is 100 percent leased to Kalamazoo, Mich.-based Bronson Healthcare Group. Photo courtesy of Marcus & Millichap
By John Mugford
In today’s medical office building (MOB) transaction arena, aggressive pricing is the norm when it comes to the sales of high-quality facilities with strong lease terms and tenants with good, perhaps hospital, credit.
In fact, professionals involved in healthcare real estate transactions say there is a shortage of such properties and that more money is chasing such deals than there are, well, deals.
However, one aggressive buyer of late has been New York-based ARC Healthcare Trust Inc., an unlisted real estate investment trust (REIT). The REIT recently acquired
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
Comments are closed, but trackbacks and pingbacks are open.