Transactions: DocREIT gains Minnesota portfolio

The Davis Group recently sold this 63,500 square foot medical office building (MOB) in the western Minneapolis suburb of Minnetonka, Minn., to Milwaukee-based Physicians Realty Trust as part of a $116.3 million, eight-property MOB portfolio sale. Photo courtesy of bdh+young

The Davis Group recently sold this 63,500 square foot medical office building (MOB) in the western Minneapolis suburb of Minnetonka, Minn., to Milwaukee-based Physicians Realty Trust as part of a $116.3 million, eight-property MOB portfolio sale.
Photo courtesy of bdh+young

Physicians Realty Trust pays $116.3 million for MOBs from Minnesota HRE firm

By John B. Mugford

In the Twin Cities area of Minneapolis and St. Paul, Minn., the Davis Group ranks as one the most prolific developers and independent owners of medical office buildings (MOBs) of the past few decades.

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