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chi-AY-1600Rt6MorrisIL (2) 1600 W. Rte. 6 in Morris, IL, part of a four-building medical office portfolio, called the JOHA Cancer Center portfolio and located across suburban Chicago, bought by Franklin, TN-based Community Healthcare Trust from a partnership of physicians associated with Joliet Oncology Hematology Associates.

CHICAGO—The buying spree in the medical office sector continued through the first half of 2018, with $1.87 billion in sales nationally, according to a mid-year medical office report from Avison Young’s Chicago office. There were 160 properties sold, totaling 6.48 million square feet, through the end of June.

And although major REITs recently slowed down their acquisitions in the sector, largely due to uncertainty over interest rates, the prospect of gaining a foothold in one of the nation’s most stable asset classes has attracted new groups to medical office.

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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