Pin Oak Park Pin Oak is just minutes from the Texas Medical Center along the West Loop in Bellaire.

HOUSTON—The five-building Pin Oak portfolio in the suburb of Bellaire recently sold for an undisclosed price. Norvin Healthcare Properties purchased the portfolio on behalf of its investment partnership, adding to its medical-oriented holdings in the Houston market.

“Being that healthcare is always in demand, medical office properties generally enjoy stable tenancy and insulation from the cyclical nature of other industries,” Rudy Hubbard, JLL managing director, capital markets, investment sales, tells “As a result, we anticipate continued activity in this sector throughout the year, especially as other markets reach cyclical peaks. In Houston specifically, we’re seeing office investment interest across the board thanks to improving fundamentals and the fact that better yields can be realized here than in other gateway markets.”

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Lisa Brown

Lisa Brown is an editor for the south and west regions of She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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