Dependable cash flow and high probability of renewal have been a winning combination for Phoenix medical office.

We will start to see cap rates compress as financing becomes more readily available and regulations are relaxed.

The acquisition of the 250,524-square-foot, Grand Rapids property represents the state's highest multifamily sales price since 2019.

"There is all of this interest and capital that's looking to be invested in the space, but there aren't that many platforms out there that the capital can be allocated to."