NorthWest Healthcare Properties has acquired a 27-property, 1.2 million-square-foot healthcare portfolio from Harrison Street for $600 million. The portfolio is located in 10 states, and it is 97% occupied.
The portfolio has a mix of medical office and healthcare property types. It includes 15 medical office buildings, five micro-hospitals, four behavioral hospitals, two inpatient rehabilitation hospitals, one heart and one surgical hospital. Geographically, nine properties are in Arizona; five properties are in Texas; five are in Illinois; two properties are in Florida and one property each is located in Minnesota, Massachusetts, California, Oklahoma, Colorado and Indiana.
Additionally, the portfolio has strong tenancy. The roster of current occupants is Advocate Aurora Health, Rush University Medical Center, Memorial Hermann, Ascension, Banner Health, Tenet Health, Lutheran Health Network, Baylor Scott & White Health and Edward-Elmhurst Healthcare.
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Kelsi Maree Borland
