Among the recent dispositions by Harrison Street Real Estate was this MOB in Melbourne, Fla., Crane Creek Medical Center. Health Care REIT acquired the property, as well as six other MOBs from Harrison Street and a variety of joint venture partners.
(Photo courtesy of The B.A.C.K. Center)
Equity firm completes separate sales to Health Care REIT and CNL Healthcare
By John B. Mugford
Since its founding in the mid-2000s, Chicago-based Harrison Street Real Estate Capital has developed a successful formula for enhancing value in the properties it accumulates, holds and eventually sells in portfolios.
The company accomplished such a strategy in recent months, garnering what one broker dubbed as “top pricing” for a 12-property healthcare portfolio that ended up selling as two packages to separate investors for a total of $283 million.
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