Firm acquires 24 MOBs from a major health system; CBRE brokers the sale
By John B. Mugford
Jonathan P. “Jon” Lewin
MINNEAPOLIS – In what looks to be the largest health system sale, or monetization, of medical outpatient buildings (MOBs) in more than nine years, Minneapolis-based MedCraft Healthcare Real Estate has purchased a portfolio of assets from a major health system.
Details have not been disclosed. However, according to industry sources, MedCraft acquired a portfolio of 24 MOBs totaling about 947,000 square feet in a sale-leaseback transaction for an estimated $300 million, which would work out to about $316 per square foot (PSF).
The U.S. Healthcare Capital Markets group of CBRE Group Inc. (NYSE: CBRE) confirms that it brokered the sale, but Chris Bodnar, vice chairman of the CBRE group, said he could not comment on the transaction at this time.
However, in addition to learning of the estimated price from several industry sources,
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