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Medical Property REIT Acquiring Five Properties

INDIANAPOLIS-Locally based Windrose Medical Properties Trust agrees to pay $69.6 million for five specialty medical properties in five different cities around the country.

By Brian K. Miller | Updated on November 30, 2003

INDIANAPOLIS-Locally based Windrose Medical Properties Trust is acquiring 209,000 sf in five specialty medical properties for $69.6 million. Each of the properties is located in a different state.

The acquisition includes the recently disclosed $9.2-million acquisition of a 46,440-sf medical office building located on the campus of Methodist Hospital of Sacramento, CA. The other four properties are as follows:

–Cooper Voorhees Medical Mall, Voorhees, NJ: a multi-tenant medical and retail office building with 116,451 lettable sf. The building is currently 92% leased.

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