The 177,358-square-foot, three-building campus represents the company’s second South Florida healthcare portfolio acquisition.
Torrey Square posted the lowest base rent per-leased-square-foot in Whitestone’s wholly-owned portfolio. Since its IPO in 2010, Whitestone has improved its base rent per leased square foot by over 80%.
M&G Investments has committed an initial $50 million in equity to the partnership, which represents its entry into the US multifamily market.
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