Nuveen Global Cities REIT (GCREIT) has closed on the acquisition of a 10-building healthcare portfolio encompassing 661K SF in four markets for $300M. The properties are located in Atlanta, Pittsburgh, Tampa and Dallas.

The seller was not disclosed, but a statement on Nuveen's website indicated that "the opportunity came from the merger of two large publicly traded healthcare REITs, one of which needed to sell a large portfolio to fund a portion of the merger."

The largest merger of healthcare REITs this year, was the $18B deal in February that combined Healthcare Realty Trust and Heathcare Trust of America. In July, GlobeSt. Reported that Healthcare Realty Trust is preparing to sell $1.7B in assets, with proceeds from $1.1B of these divestures funding the merger with HTA.