Alliance Consolidated Group of Companies, a leader in commercial real estate investment, announced on October 17 that it has successfully completed the purchase of a new medical property in Texas for $6 million. The acquisition was made through the Alliance Medical Fund.
The acquired asset is a 15,110-square-foot medical outpatient building (MOB) in Arlington, within the Dallas-Fort Worth MSA. MCS Dallas Medical, PLLC provides premier orthopedic care in the state-of-the-art facility. The MOB sold for approximately $397 per square foot.
Founded in 1995, Alliance Consolidated Group of Companies is a real estate investment firm that specializes in net-leased medical buildings. All assets are operated by Alliance’s in-house management team.
Alliance structured a sale-leaseback with MCS Dallas Medical. The purchase is a strategic addition to Alliance’s portfolio of MOBs in major markets across the United States. The acquisition of the Arlington facility is aligned with Alliance’s strategy to capitalize on the growing patient demand for specialized and high-quality care, as well as a commitment to securing long-term, stable investments that support both community health and financial growth.
“Following the successful acquisition of another Texas medical property, we are excited to be driving more growth for the Alliance Medical Fund and enhancing the local community of the beautiful city of Arlington,” said Ben Reinberg, CEO and Founder of Alliance. “The medical office building vertical has seen consistent growth throughout the past several years, and we intend to play a major role in shaping its future.”
According to data captured in the LevinPro HC database, this acquisition marks the 154th MOB transaction of the year, and the 20th announced in Texas. There were 197 MOB deals announced during 2023, and 216 announced during 2022.
