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CHICAGO—The nation’s largest owner and manager of medical office buildings just got even bigger. Chicago-based Lillibridge Healthcare Services, Inc., a wholly owned subsidiary of Ventas, Inc., has acquired a 409,000-square-foot healthcare real estate portfolio located on the campuses of five Advocate Health Care hospitals in the Chicago area.

Seven buildings are included in the transaction, more than doubling the amount of Advocate-affiliated medical office space owned and managed by Lillibridge to 790,000-square-feet. They now have 19 buildings on six Advocate campuses, as well as several affiliated sites.

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