Skip navigation

Portfolio of Medical Office Buildings Across Seven States Commands $77.9M

CHICAGO—Two joint ventures formed by Chicago-based Harrison Street Real Estate Capital have sold a portfolio of 10 medical office buildings across seven states for $77.9 million. CBRE Inc. arranged the sale of the 315,179-sq.-ft. portfolio, which was purchased by a healthcare REIT based in California.

The assets in the portfolio are located in Alabama, Florida, Hawaii, Indiana, New Mexico, South Carolina and Texas. Chris Bodnar and Lee Asher of CBRE’s U.S. Healthcare Capital Markets Group represented the seller.

The portfolio is anchored by several premier health systems, including Community Health Systems, Tenet Healthcare Corporation, Hawaii Health System and Palmetto Health.

Over 50 percent of the portfolio is located on-campus, while the remaining facilities serve as outpatient centers for nearby hospitals. Nearly every facility in the portfolio has hospital representation, combined with a mix of specialists and primary care doctors in each region.

The CBRE Healthcare Capital Markets Group teamed with local CBRE professionals in each market, including Morgan Hillenmeyer, Ginger Gelsheimer, Ryan Sakaguchi, Brad Toothaker, Dan Newman and Todd Mills.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.