INDIANAPOLIS-Windrose Medical Properties Trust has closed on two more of the five properties tied to its $44.4-million secondary public offering completed in December. The locally based specialty medical properties REIT paid $32 million for a 116,451-sf medical office building in New Jersey and $7 million for a 40,686-sf property near Dallas.

The New Jersey property is Cooper Voorhess Medical Mall. The multi-tenant medical and retail office building is currently 91% occupied. The two-story medical mall portion of the property totals 73,051 sf and is 100% occupied by Cooper Health Systems. As part of the acquisition price, Windrose assumed $23.1 million of debt. The cash portion of the transaction was funded with proceeds from the secondary offering.

The Texas property is Trinity West Medical Plaza, a multi-tenant medical office building in Lewisville, TX. The three-story property is master leased to Trinity Medical Center, which currently subleases approximately 85% of the property to various physicians and other medical providers. Using proceeds from the offering, Windrose paid cash for the property.

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