Encompassing a total of approximately 220,000 sf of space, the buildings are located here and in Frederick and Timonium. Suburban Baltimore's Timonium Medical Center at 2205 York Rd. offers 27,700 sf of office space, and the Frederick Regional Medical Center at 110 Baughman's Lane features nearly 32,000 sf. And here, the buildings Knoll North I and Knoll North II consist of 92,313 sf and 67,958 sf, respectively.

"This acquisition, with passive corporate owners and significant potential for repositioning, is a perfect example of the assets our company seeks to acquire," Asset Capital president and COO Bill LeBlanc says. "In addition, our experience with other medical office buildings increases our ability to focus on the special needs of these tenants. Asset Capital plans to shell out an additional $5 million to $7 million to upgrade the properties.

According to a 2004 report entitled Healthcare Real Estate Monetization, Shattuck Hammond Partners LLC concludes that healthcare is consistently one the fastest growing sectors of the economy and increasing transaction volume in the sector has enticed more buyers and enhanced capital market activities. The report sees continued growth in outpatient delivery of healthcare and a need for capital by providers that drives real estate development. Also, investors have accumulated portfolios are looking to sell, so these "secondary market" transactions are becoming more commonplace as the industry evolves.