NASHVILLE, TN – Healthcare Realty Trust Inc. has acquired three medical office buildings in three separate transactions, totaling $140.8 million. Each of the acquisitions closed in May 2021.
The recent transactions bring the firm's year-to-date acquisitions to $269.5 million.
The first of the recently acquired properties is a 160,000-square-foot, on-campus building in San Diego, which sold for $102.7 million and is currently 100% leased to Palomar Health. The company also acquired a 73,000-square-foot building located on Memorial Health System's Saddleback Medical Center campus in Los Angeles, which sold for $24.6 million. The Los Angeles property was purchased under the TIAA joint-venture, with Healthcare Realty Trust funding 50% of the purchase price. The final acquired property consists of a 45,000-square-foot building in Houston, TX, located adjacent to Houston Methodist's Willowbrook Hospital, which was acquired for $13.5 million.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
