JLL Capital Markets announced on July 12 that it advised on the acquisition of a 53,120-square-foot medical office building (MOB) in Hamden, Connecticut. According to data captured in the LevinPro HC database, this represents the 120th MOB transaction of 2023
JLL represented Sendero Capital and Angelo Gordon, who have formed a programmatic joint venture (also arranged by JLL) for up to $300 million in investments in outpatient healthcare real estate over the next two years, in the acquisition. The purchase of the Hamden MOB is the first acquisition as part of the joint venture, which will focus on value-add and core plus outpatient medical office and surgery center assets throughout the Northeast United States. Financial terms of the deal were not disclosed.
The MOB is a mission critical healthcare facility that is 88% occupied to a diverse tenant roster. The property is anchored by Hartford Healthcare and Yale New Haven Health as well as dominant physician practices providing a range of specialities, including internal medicine, cardiology, dermatology, endocrinology, podiatry and physical therapy.
Sendero Capital is a privately held real estate investment, development and advisory firm based in Boston, Massachusetts. The principals of the firm have decades of experience investing in, developing and managing large portfolios of real estate across the United States, including millions of square feet in the healthcare sector.
Angelo Gordon is a leading alternative investment firm, managing approximately $73 billion across a broad range of credit and real estate strategies. Founded in 1988, Angelo Gordon has more than 650 employees in offices across the United States, Europe and Asia.
