The five-property portfolio is 100% master-leased to theDeaconess Clinic, a system-owned group comprised of 110 primarycare and specialty care physicians. The buildings are either on ornear one of the hospital campuses, a Healthcare Trust spokeswomantells


She declined to discuss the purchase further. The deal is stillunder a confidentiality agreement, and should close in the nextmonth, she says. Mark Engstrom, EVP of acquisitions for the trust,said in a statement that the purchase "is a reflection of ourstrategy to acquire medical office buildings occupied by healthcareproviders who are leaders in their local market."


In 2009 the trust, formerly known as Grubb & EllisHealthcare REIT Inc., acquired about $494 million in medical officeand healthcare-related assets. The purchases included two otherDeaconess properties, Deaconess MOB North and MOB South in OklahomaCity, OK, as part of a 14-property portfolio made up of almost onemillion square feet. Houston-based PM Realty Group is the managerof these properties.

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