Healthcare Real Estate

San Diego is one of the top life science hubs in the country, and the market dynamics position the market for long-term growth.

The 30 acute care hospital facilities are leased under long-term net leases to affiliates of BMI Healthcare.

Meridian sold several of its newly constructed dialysis clinics including one in Castro Valley and one in Stockton, and just broke ground on a 25,000-square-foot imaging and infusion clinic.

The first phase is for a 14-acre portion that received initial regulatory approval for 900,000 square feet of new development from the Boston Planning and Development Agency in March 2018.

Many developers have turned to repurposing old sites to build new healthcare projects. But even this solution comes with challenges.

"This portfolio offered the opportunity to buy a critical mass of medical assets with exposure to some of the top health systems in the country, including Advocate Aurora Health, Einstein Health and INOVA Health System," said Chris Bodnar, vice chairman of Capital Markets for CBRE.