JLL announced on August 10 that Sendero Capital and Angelo Gordon entered an agreement to acquire a medical office building (MOB) in Exeter, New Hampshire. JLL represented Sendero Capital and Angelo Gordon. Financial terms were not disclosed.
The 82,000-square-foot property is 92% leased to medical tenants. Its anchors are Access Sports Medicine, Seacoast Pathology and Exeter Hospital.
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.
According to data captured in the LevinPro HC database, this acquisition is the 134th medical office building acquisition of 2023. This transaction marks the third transaction between Sendero Capital and Angelo Gordon.
