CHICAGO—Amidst the COVID-19 pandemic, 90 North Real EstatePartners, who was acting as the investment advisor for RasameelInvestment Company, has acquired the redeveloped Ensemble HealthPartners headquarter facility in Blue Ash, Ohio, which is a suburbof Cincinnati. The purchase price was not disclosed.
90 North and Rasameel acquired the campus from a local developerwho has been redeveloping it over the past 12 months. The 51.3-acrecampus includes a 390,096 square-foot main building, a newlyconstructed 75,554 square-foot addition and a separate 10,200square-foot building that is being converted to a conferencecenter.
Daniel Cooper, partner, head of North America, of 90 North saidin a prepared statement that the acquisition shows the strength andsafety in which foreign investors view U.S. real estate. 90 Northis a UK based company and Rasameel is based in Kuwait.
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