The Dignity Health medical office building (MOB) portfolio included the 36,959 square foot Glendale Memorial MOB in Glendale, Calif. The buyers, a joint venture of NexCore Group and Heitman, expects the deal to spawn additional opportunities.
Photo courtesy of NexCore Group
NexCore-Heitman JV foresees opportunities as part of $114M MOB portfolio buy
By John B. Mugford
As reported in the September edition of Healthcare Real Estate Insights™ , NexCore Group LLC agreed Aug. 30 to acquire the 13 buildings being offered for sale by Jones Lang LaSalle (JLL) Income Property Trust Inc. as part of the so-called Dignity Health Medical Office Building (MOB) Portfolio.
Denver-based NexCore agreed to pay $114 million for the MOBs in California and Arizona, according to a Sept. 4 U.S. Securities and Exchange Commission (SEC) filing.
On Oct. 25, NexCore announced that
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