SANTA ANA, CA-Grubb & Ellis Healthcare REIT II has acquired an eight-property portfolio of 10 medical office buildings totaling 156,220 square feet in Arkansas, Louisiana, New Mexico and Texas from White Plains, NY-based Seavest for $30 million. The master-leased, on-campus MOBs, known as the Dixie-Lobo Medical Office Building Portfolio, had been part of the Seavest Properties I LLC investment fund since they were developed by the company in 2000-2002.

Danny Prosky, president and COO of Grubb & Ellis Healthcare REIT II, said that the portfolio “epitomizes what Grubb & Ellis Healthcare REIT II values in medical office acquisitions.” Prosky said that the properties “are all located on thriving hospital campuses with long-term stabilized tenancy, are immediately accretive to our bottom line and supportive of our investor distribution.”

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