Nuveen Global Cities REIT (GCREIT) has closed on the acquisition of a 10-building healthcare portfolio encompassing 661K SF in four markets for $300M. The properties are located in Atlanta, Pittsburgh, Tampa and Dallas.

The seller was not disclosed, but a statement on Nuveen’s website indicated that “the opportunity came from the merger of two large publicly traded healthcare REITs, one of which needed to sell a large portfolio to fund a portion of the merger.”

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Jack Rogers

 

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