In mid-November with little fanfare or formality, Welltower revealed it had become the largest commercial owner of medical office real estate in the country. It achieved this feat by striking a deal with Hammes Partners to buy a 29-property class-A medical office building portfolio for $787 million. At the same time, the REIT said it was also investing $885 million across four separate outpatient medical transactions currently under contract.

Over the last few years, Welltower has built out a formidable medical office portfolio. At the start of 2019, it struck a deal to acquire a 55-asset medical office and outpatient facilities portfolio from CNL Healthcare Properties for $1.25 billion—the second largest medical office portfolio ever sold. All told, as of mid-November, Welltower has closed or announced more than $3.5 billion of outpatient medical acquisitions. These acquisitions, many of which have been off-market, total 450 properties and over eight million square feet to the company’s platform. Its platform is now nearing 30 million square feet.

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Natalie Dolce

Natalie Dolce, editor-in-chief of and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel,, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including and Museums New York magazine.

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