NEW YORK — Catholic Health Initiatives (“CHI”) announced the sale of 52 medical office buildings totaling over 3.1 million square feet for approximately $703.5 million. The transaction is expected to close in four tranches, the first of which closed in early May, and the remainder expected to close in the second and third quarter. The buyer of the portfolio is Milwaukee-based Physicians Realty Trust (NYSE: DOC). H2C is serving as the financial advisor to CHI on the transaction, advising on issues related to transaction structure, tax and accounting implications, credit and financial implications and bond remediation.
Inside the Q1 2016 MOB Quarterly Update
- Key Transaction Highlights
- Transaction Volume Trends
- Regional Transaction Highlights
- Pricing and Cap Rate Trends
- Industry Rate Benchmark Trends
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