RALEIGH, NC—Private equity real estate fund Velocis has acquired two medical office buildings three blocks from the UNC Health Care System's Rex Hospital in the Research Triangle.

The Dallas-based fund acquired the Sunset One and Two medical office buildings, built in 1999 and 2001 respectively, which total more than 36,000 square feet of space. No purchase price for the properties was reported. The fud states that the transactions bring its total number of acquisitions to 14 and its total assets under management to $282.2 million.

The two buildings are currently 82% leased. Velocis has hired Lincoln Harris, LLC to locally manage and lease the properties on behalf of the new owner. Gary Lyons and Michael Vulpis of Avison Young represented the unnamed seller in the transaction.

“These medical office buildings are located in a highly sought after market, minutes from a premier hospital,” says Jim Yoder, Velocis principal and co-founder. “We anticipate that by leveraging Velocis' leasing and management expertise we can add considerable value to this asset and maintain a strong, stable occupancy rate. We have implemented similar models with previous assets we purchased and sold and are confident this asset will also provide good returns for our investors.”

Velocis currently owns eight assets in Texas, one in Colorado, one in Florida and one in Georgia. The fund recently sold a medical office building in Austin, TX and an office building in Houston.