Transactions: Heitman paid $585M for portfolio

The PHT Portfolio included 17 assets totaling about 1.4 million square feet

The 17-asset, roughly 1.4 million square foot portfolio Heitman acquired from PHT Investment Holdings includes the fivestory, 137,582 square foot Princeton Medical Arts Pavilion, next to University Medical Center of Princeton in Plainsboro, N.J.

By John B. Mugford

One of the “highest quality, on campus portfolios ever offered” has changed hands, with Chicago-based Heitman LLC purchasing 17 medical office buildings (MOBs) totaling about 1.4 million square feet, according to a Feb. 16 news release from Heitman.

The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE

Existing Users Log In