When Realty Income Corp. (NYSE: O) closed on its $1.9 billion acquisition of American Realty Capital Trust (ARCT) in January, it received more than 500 properties as part of the purchase.
In closing the deal, Escondido, Calif.-based Realty Income Corp., which owns more than 3,500 properties, also became an owner of some medical office buildings (MOBs) as well as other healthcare properties, such as hospital facilities. According to the latest MOB transactions list compiled by real estate research firm Real Capital Analytics (RCA) Inc., there were 12 entries, each of which could include multiple properties, in which Realty Income Corp. obtained medical facilities. The total price paid for the facilities, according to RCA, is a substantial $112.9 million.
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