Thomas Park Investments has purchased two medical outpatient buildings (MOBs) from MedStar Health.
The MOBs are on the campus of the MedStar Montgomery Medical Center in Olney, Maryland and total 127,868 square feet on the campus of the MedStar Montgomery Medical Center, one of the Washington, D.C. MSA’s leading hospital-anchored medical campuses, in Olney, Maryland.
The campus is a full-service community hospital providing a wide range of inpatient and outpatient services to Montgomery County and surrounding communities. Building I was originally constructed in 1974 and comprehensively renovated in 2000. Building II was purpose-built in 2000.
Thomas Park Investments is a private equity real estate firm focused exclusively on healthcare real estate within the mid-Atlantic area. The firm was founded in 2019 and offers more than 28 years of commercial real estate experience and manages nearly 700,000 square feet of medical office capacity.
Thomas Park acquired the portfolio through a newly formed programmatic joint venture. The Olney portfolio adds regional scale to the firm’s growing medical outpatient platform. Financial terms of the deal were not disclosed.
“The best medical outpatient investments are the ones where great real estate and great patient care come together, and that is exactly what the Olney campus represents. This transaction marks the beginning of what we fully expect to be a long and growing relationship with MedStar. We look forward to being a trusted real estate partner as they continue to expand access to exceptional patient care throughout the region,” said Alex Kopicki, CIO & Principal at Thomas Park Investments.
According to data in the LevinPro HC database, this deal marks the 78th MOB transaction of the year. There were 233 MOB transactions announced in 2025, and 213 announced in 2024.
