MedProperties Realty Advisors and Catalyst Healthcare Real Estate plan to develop a medical office building in Naples, FL.

The building will be 35,000 square feet and part of Founders Square, a 55-acre mixed use development of residences and retail stores. Located at Immokalee Road and Colliers Boulevard, the plan for Founders Square includes restaurants, grocery stores, and a high-end spa in more than 270,000 square feet of retail space. Founders Square will also house more than 400 luxury multifamily apartments.

Trustmark Bank provided the debt for the acquisition. Catalyst Healthcare Real Estate is a healthcare real estate firm and MedProperties Realty Advisors is a healthcare real estate private equity firm based in Dallas. This latest project is part of MedProperties Fund III LP, the third discretionary fund of MedProperties. Launched in 2018, the fund contains a two-building portfolio in Maryland and acquisitions in other Arizona, Pennsylvania, Tennessee, Ohio, West Virginia, and Nevada.

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