The Boston Medical Center transaction includes an option for the buyer to acquire the eight-story Newton Pavilion in three years.
(Photo courtesy of BMC)
Healthcare and non-healthcare assets, plus a parking ramp and land are part of the deal
In what some participants are calling one of the most complex healthcare real estate (HRE) deals in Boston’s history, Washington, D.C.-based Multi-Employer Property Trust (MEPT) recently teamed up with a joint venture (JV) partner, Boston-based Leggat McCall Properties, to acquire a number of properties. Included were buildings with clinical, medical office and administrative space on the sprawling campus of the Boston Medical Center (BMC) in the city’s South End.
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