Cancer researcher Arie Belldegrun's Bellco Capital has joined the New York-based real estate firm to form a life science real estate company, named Breakthrough Properties.

This is a management-driven trend addressing how consumers are buying, be it via the internet, or in the physical store.

The company has purchased more than $280M in grocery-anchored shopping centers this year.

All together the REIT has entered into definitive agreements with two new operators and completed a transaction with a third new operator involving 24 hospital facilities for a total investment of approximately $1.75 billion.