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Transactions: Everest acquires Rendina portfolio

Firm pays $108.2 million for 10 MOBs in five states; JLL represented the seller

By John B. Mugford

One of the 10 properties acquired by Everest Healthcare Properties was the 60,000 square foot Harker Heights Medical Pavilion on the campus of the Seton Medical Center in Harker Heights, Texas. The seller was Rendina and the broker was JLL.

As large and often institutional investors look to acquire medical office buildings (MOBs), they are typically attracted to portfolios, which help them add immediate scale. They’re usually not interested in just any portfolio, either. They tend to target high

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