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The partnership is looking for value-add opportunities in the Northeast.

As the year ends, Faropoint and McDonald Development remain active in buying and selling.

Rents on 10x10 climate-controlled units are projected to end 2021 with 8% growth.

Rents were up 10.9% year over year in October while annual rent growth is more than three times that of a year earlier.

The properties were purchased from two different sellers.

The acquisition adds 14 medical office facilities in 11 markets to the REIT's portfolio.

Redfin reported rents jumped 7% in a month, up 21% From 2020.

A survey by Allied and Zillow shows Florida, Texas and California as top destinations.