JLL Capital Markets announced that Sendero Capital and Angelo Gordon entered an agreement to acquire a 37,854-square-foot ambulatory surgical center (ASC) and outpatient medical building in Torrington, Connecticut. JLL represented Sendero Capital and Angelo Gordon in the transaction. Financial terms were not disclosed.
The Torrington property is fully leased, with Litchfield Hills Orthopedic as a long-term tenant – with approximately 56% of the building, which includes the Litchfield Hills Surgery Center – as well as endoscopy and physical therapy tenants.
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 transaction marks the 20th ASC acquisition of 2023. This transaction also represents the fourth acquisition in Sendero Capital and Angelo Gordon’s programmatic joint venture, which allows for up to $300 million in investments in outpatient healthcare real estate. Financial terms of the deal were not disclosed.
