ShareMD Acquires Miami Medical Office Campus
The 177,358-square-foot, three-building campus represents the company’s second South Florida healthcare portfolio acquisition.
MIAMI, FL – Healthcare real estate and physician practice solution company, ShareMD has closed escrow on a three-building medical office campus in Miami, FL.
The acquisition comprises 177,358 square feet of medical space, situated on ten acres of land.
ShareMD purchased the properties from a private ownership entity. The acquisition was financed by a loan from Starwood Mortgage Capital, which was arranged by PSRS.
The transaction represents ShareMD’s second healthcare portfolio acquisition in South Florida. The company previously acquired a two building, 104,000-square-foot portfolio in Miami in November 2019. In February 2020, the company additionally purchased a 20-story, 498,000-square-foot medical office tower in Jacksonville, FL.
Including the most recent acquisition, the healthcare real estate company has purchased six medical buildings within the past ten months, and 12 healthcare properties within the past two years; comprising 750,000 square feet in Florida and 170,000 square feet in California.
“We’re excited to continue ShareMD’s growth in the healthcare facility sector with this acquisition,” states ShareMD Ccairman and CEO, John Bardis. “ShareMD provides a range of healthcare space and technology solutions, and this addition to our portfolio provides for additional capabilities in the South Florida marketplace.”
“We were attracted to this opportunity to further expand our portfolio in South Florida,” states George Scopetta, founder and chief investment officer of ShareMD. “And, our team’s private equity backing and our track record of nearly a million square feet of properties purchased over the past two years provided the seller with confidence that we could close quickly, and with certainty.”
Miami-based, Ideal Management and FIP Realty Services represented ShareMD in the transaction.
The healthcare facility-focused management company, ShareMD Asset Management provided additional purchase transaction support.
For the transaction, ShareMD received legal counsel from Greenberg Traurig and title services from Chicago Title.