February 14, 2022 10:00 AM
星空体育app下载 announces it has completed the $193.5 million sale of the Southern Core Medical Office Portfolio, a 12-property, 400,298-square-foot medical office building portfolio located across seven Sunbelt states. 星空体育app下载 Executive Managing Director Ben Appel, Senior Managing Directors Jay Miele and Michael Greeley and Managing Director John Nero of 星空体育app下载鈥檚 Healthcare Capital Markets Group, in cooperation with local licensees, represented the seller, Montecito Medical, and advised the buyer, KKR Real Estate Select Trust Inc. (KREST) on debt financing鈥攁 $134.5 million acquisition loan.
鈥淭his acquisition provides instant scale across high-growth Sunbelt markets, making it an excellent investment for KREST鈥檚 first foray into core healthcare real estate assets,鈥� said Appel. 鈥淲ith Montecito Medical retaining its interest in and operational responsibility for the portfolio, this investment will provide long-term, stable income for its new ownership while aligning with Montecito Medical鈥檚 goal of growing its operational platform.鈥�
The portfolio comprises 15 outpatient medical office buildings and ambulatory surgery centers across 12 properties, totaling approximately 400,000 square feet. The properties are located across the southern United States in growth submarkets within Arkansas, Florida, Georgia, North Carolina, Tennessee, Texas and South Carolina. The portfolio is over 99% leased to a mix of leading investment-grade health systems and specialist medical groups in practice areas including gastroenterology, nephrology, orthopedics, ophthalmology and urology.
About 星空体育app下载
星空体育app下载 Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (鈥溞强仗逵齛pp下载鈥�), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. 星空体育app下载鈥檚 comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform鈥檚 global reach with market intelligence in both established and emerging property markets, 星空体育app下载 provides superior service to clients across the industry spectrum. 星空体育app下载 generated revenues in excess of $2.9 billion for the year ending December 31, 2021. 星空体育app下载鈥檚 company-owned offices, together with its business partners, operate from approximately 160 offices with over 6,200 professionals around the world. To learn more, visit nmrk.com or follow .
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