NewStreet Properties, based in Omaha, Nebraska, announced on March 20 that it acquired an ambulatory surgery center (ASC) in East Mesa, Arizona. The property is located next to Banner Baywood Medical Center and was built in 2002.
NewStreet Properties is a real estate investment firm. According to its website, as of March 2024, it owns more than 2.8 million commercial square feet and has more than $1 billion assets under management.
The original press release notes that New Street Properties has plans to expand the property by building a 5,214-square-foot addition to the current ASC. The financial terms of the transaction were not disclosed.
According to data captured in the LevinPro HC database, this transaction represents the fourth ASC acquisition of 2024. During 2023, 27 ASC acquisitions were announced.
