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Photo of Mark Decker “Over the past 18 months, we have been strategically selling our seniors housing, commercial, medical office and other non-core properties,” says IRET’s Decker.

MINOT, ND—Multifamily REIT IRET said Tuesday afternoon it had substantially closed on the sale of its medical office building portfolio to a buyer identified in SEC filings as Harrison Street Real Estate LLC. The $367.7-million purchase price for the 25 assets that traded this past Friday represented adjustments in both the pricing and size of the portfolio which was originally announced on Nov. 30. IRET’s report capped an active day of selling and acquisition announcements for REITs in the healthcare space.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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