Five of the buildings are near or even attached to St. Rita's, a facility that serves a 10-county area and is affiliated with Catholic Healthcare Partners.. The other building is in downtown Lima. The closeness to the hospital was the prime selling point for the buyer, says Danny Prosky, VP of acquisitions for the REIT. "St. Rita's is the dominant hospital here," he tells GlobeSt.com. "Plus, as part of a $130 million expansion, they're adding 90 beds and opening up a brand-new, nine-story patient tower."

Some of the space in the buildings are office condos, owned mostly by the doctors who practice there. "In four of the buildings we own them 100%, and the other two we have less," Prosky says. The leasable space is about 80% occupied, he says. "We bought them at an attractive price, we don't assume we'll lease them up quickly. We've got a four-year lease up period planned. Most of the vacancy is in one building, the newest of the six." The ages of the properties range from 3 years old to the Downtown building, which was constructed in the 1920s.

The average lease range, Prosky says, is between $9 for the downtown building and $14 on the hospital campus. Fourteen of the leases, about two-thirds of the rented space, expire in 2012.