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News Release: Ryan Companies Sells Portfolio of 11 Medical Office Assets to Harrison Street

FOR IMMEDIATE RELEASE

MINNEAPOLIS, Minn. (Jan. 10, 2021) – Ryan Companies US, Inc. – a national commercial real estate solutions provider – today announced the sale of a portfolio of medical office assets to Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets.

The portfolio comprises 11 buildings totaling 500,778 square feet across six states including Florida, Illinois, Minnesota, North Carolina, North Dakota and Wisconsin. The mix of buildings includes single- and multi-tenant medical office, ambulatory surgery centers and a multi-use integrated service center. Ryan’s healthcare real estate management team will continue managing these buildings under the new ownership.

“There has been exceptional investment interest and demand in healthcare, making it the ideal time for Ryan to move forward with the sale,” said Andrew Twito, vice president of capital markets, Ryan Companies. “It also enables us to redeploy capital to new projects for healthcare clients as we continue providing flexible and competitive financing options.”

The portfolio represents 5% of total square footage Ryan has delivered to healthcare clients. In the past five years alone, Ryan has delivered more than 3.1 million square feet of healthcare space across 22 states. Newmark’s Healthcare Capital Markets group represented Ryan in the portfolio sale.

“We sincerely appreciate the opportunity to represent Ryan Companies in this milestone transaction,” said John Nero, managing director of Newmark’s Healthcare Capital Markets group. “Ryan’s development capabilities and expertise in the healthcare sector created a truly best-in-class portfolio and drove significant investor interest in this opportunity throughout the marketing process.”

The transaction marks the third medical office investment for Harrison Street and Ryan, having previously acquired two medical office buildings located in Delafield and Menomonee Falls, Wisc., which are currently occupied by Froedtert and Children’s Hospital of Wisconsin. Harrison Street and Ryan have executed 17 transactions together across the senior living, medical office, and healthcare sectors.

For more information, visit ryancompanies.com.

About Ryan Companies
Founded in 1938, Ryan Companies offers comprehensive commercial real estate services as a national developer, designer, builder, capital markets advisor and real estate manager with a focus on creating places for people to thrive. Ryan work spans a wide range of sectors and product types including healthcare, hospitality, industrial, mixed-use, multifamily, office, retail, and senior living. Built on the foundation of integrity, honesty and community, Ryan has grown to more than 1,800 team members in 17 offices and has completed projects in nearly every state. For more information, visit ryancompanies.com.

About Harrison Street
Harrison Street is one of the leading investment management firms exclusively focused on alternative real assets. Since inception in 2005, the firm has created a series of differentiated investment solutions focused on demographic-driven, needs-based assets. The firm has invested across senior housing, student housing, healthcare delivery, life sciences and storage real estate as well as social and utility infrastructure. Headquartered in Chicago with offices in London and Toronto, the firm has more than 200-employees and approximately $39 billion in assets under management. Clients of the firm include a global institutional investor base domiciled in North America, Europe, Middle East, Asia and Latin America. Harrison Street has been awarded Best Places to Work by Pensions & Investments for the last seven consecutive years and was named 2020 Global Alternatives Investor of the Year by PERE. For more information, please visit www.harrisonst.com.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues in excess of $2.5 billion for the trailing twelve months ending September 30, 2021. Newmark’s company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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Erica Dao
Public Relations Manager

erica.dao@ryancompanies.com
(p) 612-492-4857
(c) 612-532-6542

ryancompanies.com

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