INDIANAPOLIS-Grubb & Ellis Healthcare REIT Inc. has purchased a 20-building medical office portfolio from HCP Inc. for $90 million. The trust acquired Medical Portfolio 3, a collection of 13 properties throughout the area, primarily anchored by Clarian Health Partners.

The portfolio includes about 689,000 sf of leasable area, with 325,000 sf made up of offices for Clarian healthcare affiliates, including Methodist Hospital, Indiana University Hospital and Riley Hospital for children. The properties leased to Clarian are near or right off of Interstate 465 that surrounds Indianapolis, and were arranged as part of the company’s “Beltway Strategy” that started in 1993, with the intent to provide a network of medical facilities and services to the communities and businesses near the highway. Most of the properties are anchored by outpatient centers with ancillary programs such as ambulatory surgery centers, imaging centers and primary care practices.

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