According to a March 24 press release, Edloe Realty has acquired Greenhouse Medical Plaza in Houston, Texas.
Greenhouse Medical Plaza is a 116,869-square-foot medical outpatient building (MOB). Constructed in 2014, the MOB is currently 57% leased to an attractive mix of healthcare tenants, with a recently completed two-operating room, ground-floor surgery center focused on robotic spine and joint surgery. Additional medical and healthcare use within the building include imaging/MRI, orthopedics and pain, pediatrics, dermatology and ophthalmology, as well as a specialized clinical learning and simulation nursing center for Western Governors University.
Edloe Realty is associated with Edloe Ventures, a specialized firm that invests in healthcare operations and develops, owns and manages medical and mixed-use real estate assets.
A team from Berkadia Medical & Life Sciences (Vasili Davos, Eric Lee, Chris Lashmet and Kyle Saifi) acted as the exclusive advisors to the sellers, a joint venture between Houston, Texas-based Transwestern Investment Group and Austin-based Virtus Real Estate Capital.
Greenhouse Medical Plaza was acquired by Edloe Realty with acquisition financing secured through Frost Bank. Sabrina Solomiany and George Desloge led the financing efforts on behalf of Edloe Realty. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this transaction marks the 63rd MOB acquisition of the year, and the eighth in Texas. Throughout 2025, 233 MOB acquisitions were reported, including 23 in Texas.
