The five-property portfolio is 100% master-leased to the Deaconess Clinic, a system-owned group comprised of 110 primary care and specialty care physicians. The buildings are either on or near one of the hospital campuses, a Healthcare Trust spokeswoman tells GlobeSt.com.
She declined to discuss the purchase further. The deal is still under a confidentiality agreement, and should close in the next month, she says. Mark Engstrom, EVP of acquisitions for the trust, said in a statement that the purchase "is a reflection of our strategy to acquire medical office buildings occupied by healthcare providers who are leaders in their local market."
In 2009 the trust, formerly known as Grubb & Ellis Healthcare REIT Inc., acquired about $494 million in medical office and healthcare-related assets. The purchases included two other Deaconess properties, Deaconess MOB North and MOB South in Oklahoma City, OK, as part of a 14-property portfolio made up of almost one million square feet. Houston-based PM Realty Group is the manager of these properties.
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