Transwestern handles sale to HCP as Origin Investments reaps a healthy return
By John B. Mugford
Publicly traded HCP recently acquired the Kingwood Medical Arts building outside of Houston from Origin Investments, which had purchased the building out of bankruptcy in 2012. (Photo courtesy of Transwestern)
In what can be considered a classic value-add success story in the healthcare real estate (HRE) acquisitions market, Chicago-based Origin Investments recently sold a medical office building (MOB) in Kingwood, in the northern suburbs of Houston, for a solid profit.
Origin, a private equity firm, sold the 90,000 square foot Kingwood Medical Arts building at 300-350 Kingwood Medical Drive to Irvine, Calif.-based HCP (NYSE: HCP), a healthcare-focused real estate investment trust (REIT).
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