CLEVELAND, OH and HOUSTON, TX (December 30, 2024) – Woodside Health announces its acquisition of three medical office buildings in the Houston MSA: Conroe Medical Arts Center, Kingwood Executive Center, and Texas Children’s Medical Building. This portfolio acquisition represents another significant investment by the joint venture arrangement between Woodside Health and Heitman. The assets combine for 122,000 rentable square feet with numerous healthcare system practices.
“The properties are strategically located near high-performing hospitals throughout the Houston MSA. In addition, we’re thrilled to further our relationship with many of the healthcare system tenants that operate within these assets.” said Ben Barr, Woodside Health Principal.
Conroe Medical Arts Center: built in 2002, the building consists of 68,832 rentable square feet. It is located less than a mile from HCA Houston Conroe with proximity to Interstate 45.
Kingwood Executive Center: built in 2005, the two buildings consist of 29,120 rentable square feet. The property is adjacent to HCA Houston Kingwood with proximity to Interstate 69.
Texas Children’s Medical Building: built in 2006, the building consists of 24,075 rentable square feet. The building is located in a high-traffic location with many national retailers. This strategic positioning provides ease of access and convenience for patients that come to the building for healthcare services.
This portfolio acquisition represents the 62nd acquisition for Woodside Health since they began investing in 2008. The firm has medical and health-related properties in Arizona, Florida, Georgia, Nevada, Ohio, and Texas. Woodside Health remains an active buyer in the medical outpatient building market. Prospective properties are often submitted to the acquisitions team via the Woodside Health website or through off market relationships.
About Woodside Health
Headquartered in Cleveland, OH, Woodside Health is a private equity firm that invests in the healthcare real estate sector. Since 2008, the firm has acquired over 4 million square feet of healthcare real estate and completed approximately $1.5 billion in transaction volume.
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