WOBORN and BRAINTREE, Mass. – Medical office buildings (MOBs) are still the apple of their eyes for most healthcare real estate (HRE) investors. Yet, with healthcare reform putting a growing emphasis on the continuum of care, more and more HRE investors are showing an interest in a wider range of facilities that provide important post-acute care along that continuum.
A recent sale in Greater Boston proves the point, as competition was strong for a pair of well-established inpatient rehabilitation hospitals that were acquired for $90 million by a joint venture partnership (JV) of Birmingham, Ala.-based The Sanders Trust (TST) and Chicago-based Harrison Street Real Estate Capital LLC.
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