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TRANSACTIONS: HR Trust making $612.5 million buy

The seller of the portfolio is a sector pioneer, Atlanta-based Meadows & Ohly

By John Mugford

One of the MOBs involved in Meadows & Ohly’s pending sale of 15 facilities to Healthcare Realty Trust is the three-story, 123,000 square foot Piedmont Medical Plaza on the campus of Piedmont Newnan Hospital in Newnan, Ga. Photo courtesy of Meadows & Ohly

A quick perusal of the list of 15 medical office buildings (MOBs) that Atlanta-based Meadows & Ohly is selling to a large healthcare focused real estate investment trust (REIT) indicates how many health system relationships the long-time development firm has established over the years.

Since its founding by Jim Meadows and Carl Ohly as one of the pioneering MOB development first back in 1972, Meadows & Ohly has developed more than 70 buildings and provided other services to a variety of healthcare system and physician practice clients.

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