Mindy BermanTOLEDO, OHIO—Healthcare REIT Welltower has acquired a 23-asset medical office portfolio for $400 million. Milwaukee-based Hammes Partners was the seller of the 979,000-square-foot portfolio, which consists of outpatient properties affiliated with health systems and other providers in nine states.
The properties are located in 12 metro markets in Virginia, Washington, North Carolina, Illinois, New York, New Jersey, Pennsylvania, Alabama and Texas.
Recommended For You
JLL Managing Directors Mindy Berman and Steve Leathers handled the sale on behalf of the seller. Berman said the portfolio's selling points included “the portfolio's alignment with major health systems, durable income and locations in strong metro markets.”
Earlier this month, Welltower announced it was acquiring a 55-asset medical office and outpatient facilities portfolio from CNL Healthcare Properties for $1.25 billion.
That portfolio consists of 3.3 million rentable square feet in major metropolitan markets across 16 states.
The sale is expected to close during the first half of 2019, subject to customary closing conditions.
© 2025 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.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
