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Transactions: Global Medical REIT was the buyer of Oklahoma portfolio for $49.5 million

OKLAHOMA CITY – Even though we previously reported the sale of three facility orthopedic portfolio in Oklahoma City that took place in the first half of 2017, the buyer nor the transaction price were known by HREI™ until recently.

According to data from RCA, the buyer of the Oklahoma Center for Orthopaedic & Multi-Specialty Surgery Center portfolio was Bethesda, Md.-based Global Medical REIT (NYSE: GMRE). The three-building portfolio has a total of 100,400 square feet and is 100 percent occupied. Included in the portfolio is a short-stay surgical hospital, and MOB and a physical therapy center.

The price was $49.5 million, according to RCA data, and the capitalization (cap) rate, or first-year estimated return, was listed as 7.1 percent.

BGL Real Estate Partners’ (BGLREP) national healthcare real estate team, part of Brown Gibbons Lang & Co., acted as the seller’s advisor. The team is led by Christopher Stai and Clint Parker. For more information, please visit HREInsights.com.


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