Medical Office Looks Good for Buyers and Sellers

929 W. Higgins Rd. in Schaumburg, IL, was one of four medical properties just sold by Oak Brook, IL-based IPC.

CHICAGO—As reported in GlobeSt.com, new buyers are crowding to get into the medical office sector, and the bidding process can get heated when properties do hit the market. Inland Private Capital Corp. just sold four freestanding medical office properties located in IL and MA, its first set of acquisitions when it got into the sector about four years ago, for a gross sale price of $45.7 million.

“It’s an asset class that has legs,” Dan Zatloukal, executive vice president – head of portfolio and asset management for Inland Investment Real Estate Services, tells GlobeSt.com. Ever since Inland acquired this portfolio, the properties “performed exactly as planned.” That explains the extraordinary level of interest, which came from an array of private buyers located across the US.