Over the last few weeks, Healthcare Realty Trust has discussed the progress two of its joint ventures have made — one with KKR and another with Nuveen.
In late August, Healthcare Realty said that the joint venture with KKR was approaching $500 million in value. The investment trust finished contributing $118 million in additional properties, generating about $94 million in proceeds. Plus, two companies are looking for additional acquisitions.
Healthcare Realty had previously disclosed additional asset sales and JV transactions under contract or letter of intent that would increase proceeds to more than $1 billion. The transactions are expected to close in the third quarter, which should mean by the end of September.
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