For Immediate Release
Colliers National Healthcare Services represented the buyer and seller in the sale of the medical office building
WEST PALM BEACH, FL, June 21, 2022 – Colliers is pleased to announce the Sale-lease back of a 25,000 SF Medical Office (MOB) for $9,850,000 in West Palm Beach, FL. Colliers Senior Vice President Kim Kretowicz of USA Capitals Market Group/Healthcare Services represented Sila Realty Trust and the undisclosed physician specialty practice seller in the transaction. The medical investment opportunity was an off-market opportunity that attracted top-tier healthcare REITS, Private Equity, and Family offices, with Sila Realty Trust awarded the asset.
“Sale-leasebacks offer doctors a path to monetize their real estate assets, capturing valuable equity and maintaining control of their critical facilities. Doctors can obtain higher returns by redeploying their capital to modernize facilities, reduce debt or expand, or for other core business purposes.”
Demand for medical office space in Palm Beach County has remained strong, with net absorption remaining positive in the face of new deliveries in the past five years. The buyer, Sila Realty Trust, is a net lease real estate investment trust strategically focusing on investing in the growing and resilient healthcare sector nationwide. The company is headquartered in Tampa, FL, and is known for managing high-quality healthcare properties leased to tenants capitalizing on critical and structural economic growth drivers.
Let us know if you’re interested in speaking with Kim Kretowicz about this deal or other commercial real estate market trends.
Media Contact:
Paola Iuspa-Abbott on behalf of Colliers South Florida
Top of Mind PR
paola@topofmind-pr.com
305-726-5848
Maria Russo
Senior Marketing Manager, South Florida
maria.russo@colliers.com
561-549-9460
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 66 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
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