CHICAGO-Ventas Inc. owns healthcare real estateand senior housing facilities in almost every corner of the country. Yet, it didn't have to go far to land one of the one of the most-publicized MOB portfolio offerings of 2013.
Publicly traded Ventas is based in Chicago, where all seven buildings offered in the Advocate Medical Office Portfolio are located. The real estate investment trust and its healthcare real estate division, Lillibridge, closed on the 408,734-square-foot acquisition in recent weeks for a price that has yet to be disclosed nor included in filings with the US Securities and Exchange Commission.
Chris Bodnar of the Healthcare Capital Markets Group of CBRE Group Inc. which marketed the portfolio for the seller, said the sales process was “very competitive.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
