Health Care REIT recently acquired the Bethesda Health City complex in Boynton Beach, Fla., for $49.5 million. (Photo courtesy of Flagler Investment Property Group)
Health Care REIT pays $49.5million for medical mall that includes extra land
By John B. Mugford
In an example of how demand remains strong for high-quality, hospital-affiliated medical office buildings (MOBs), a joint venture (JV) partnership has garnered a double-digit profit in selling an Florida outpatient complex it acquired just two years ago.
Toledo, Ohio-based Health Care REIT (NYSE: HCN) in recent weeks acquired Bethesda Health City in Boynton Beach, about 50 miles north of Miami.
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