The off-market transaction closed on May 19th, 2022.
Vitalis and Advenir, acquired a 40,000 SF medical office building in Fort Myers, FL, 100% occupied by Lee Health on a NNN lease. The building was developed as a build to suit for the health system in 2017. The mission critical outpatient facility is strategically located across from Lee Health’s Gulf Coast Medical Center. Uses in the building include convenient care, cardiology, imaging, pulomology and infectious disease specialists.
“We continue to grow our portfolio of mission critical facilities occupied by credit rated healthcare systems,” says Vitalis’ Abigail Kind who soured the deal. “Lee Health is the dominant system in southwest Florida and we hope to partner on future deals as they expand across the region.” Says Managing Director Elliot LaBreche.
All Lee Health adult acute care hospitals were named among “America’s Best Hospitals™” for 2022, a distinction that places them in the top 2% and 5% of hospitals nationwide, according to Healthgrades. For a second year in a row Gulf Coast Medical Center was recognized, retaining its top-250 best hospitals designation and placing it in the top 5% nationally.
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About Vitalis:
Elliot LaBreche is the founder of Vitalis, a vertically integrated real estate investment company focused on medical office and life science investment sales, acquisitions, and leasing across the US.
About Advenir:
Stephen Vecchitto, founded Advenir in 1996 and serves as the company’s Managing Director. Advenir acquires, develops, and manages multi-family and single-family rental communities on behalf of high net worth and institutional investors. Advenir’s current multi-family portfolio consists of 15,000 units valued at over $3 Billion.
Media Contact: Abigail Kind, 802.881.9278
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