Holliday Fenoglio Fowler, L.P. (“HFF”), as exclusive advisor to Memorial Hermann Health System (“Memorial Hermann”), is pleased to present an extraordinary opportunity to acquire a portfolio of 11 medical office buildings (the “Properties” or “Portfolio”) located on four separate Memorial Hermann hospital campuses in the Greater Houston Texas MSA, totaling approximately 1.2 million square feet. Memorial Hermann is the largest health system in southeast Texas with over 24% market share and $3.9 billion in annual revenues.
All of the Properties are located on-campus and most are connected to the respective hospital. The Properties will be master leased by Memorial Hermann on a long-term absolute net lease, with annual rental escalations. The offering represents an extremely rare opportunity to acquire a core medical office portfolio backed by the investment grade credit rating (Moody’s: A1, S&P: A+) of the market leading healthcare system in Houston, Texas.
PORTFOLIO OVERVIEW
Number of Buildings: 11
Total Rentable Square Footage: 1,201,617
Date Constructed: 1970 to 2008
Lease Structure: Absolute Net Lease
Occupancy: 100% (master leased)
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