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MedProperties acquires 17-property medical office portfolio for $230M

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MedProperties acquires 17-property medical office portfolio for $230M

MedProperties Holdings acquired a 17-property medical office building portfolio for roughly $230 million, Commercial Property Executive reported.

The 92%-leased Harrison Street Portfolio totals 620,750 square feet, with buildings spread across 10 states. The acquisition was partially financed through a $160.6 million loan arranged by Capital One.

Seven of the properties are in Texas, including Abilene Surgery Center and Hospital, Texas Rehabilitation Hospital, Grand Parkway MOB, Williams Way MOB, Conroe Medical Plaza, Kingwood Medical Plaza and Lake Granbury Medical Center. Two of the properties, Georgetown MOB and Henderson MOB, are in Kentucky.

The portfolio also includes Emerson MOB in Jacksonville, Fla.; Tower Pointe Medical Center in Greenwood, S.C.; Albany MOB in Clifton Park, N.Y.; Brandywine Medical Pavilion in Coatesville, Pa.; HealthSouth Rehabilitation Hospital of Cincinnati in Cincinnati; Aurora MOB in Elkhorn, Wis.; Eastland Medical Building in Independence, Mo.; and Asheville MOB in Asheville, N.C.