While the REIT typically invests less than $10M per deal, the portfolio cost $38.2
By John B. Mugford
At a time when a majority of medical office building (MOB) transactions throughout the country are taking place as single-asset deals, an investor that typically acquires one building at a time for less than $10 million has found a portfolio to its liking.
In recent weeks, Franklin, Tenn.-based Community Healthcare Trust Inc. (NYSE: CHCT), acquired nine MOBs, including one facility of medical condominiums, in seven states for a total of $38.52 million, according to information compiled from healthcare real estate (HRE) data firm Revista.
When HREI™ first reported the transaction on Nov. 11, indicating that a healthcare-focused team with Cushman & Wakefield (NYSE: CWK) brokered the sale, the buyer was not disclosed.
The portfolio is anchored by Sidney, Australia-based GenesisCare, which acquired Fort Myers, Fla.-based 21st Century Oncology in May.
According to Revista data, the portfolio has a total of
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