BentallGreenOak, which uses the name BGO, announced that it acquired a medical outpatient building (MOB) in Durham, North Carolina.
EmergeOrtho Southpoint is a MOB with an ambulatory surgery center. The two-story building is occupied by EmergeOrtho and comprises 35,171 square feet.
BGO is a real estate investment firm with its global headquarters in Miami, Florida and its U.S. headquarters in New York, New York.
CBRE acted as the facility’s advisor and Mintz Levin Cohn Ferris Glovsky Popeo acted as legal counsel for BGO. The financial terms were not disclosed.
This transaction also represents BGO’s second acquisition of the year; previously, alongside Anchor Health Properties, it purchased a 40,785-square-foot MOB in Montclair, New Jersey.
“EmergeOrtho Southpoint represents a high-quality addition to our medical outpatient building portfolio in one of the Southeast’s most dynamic markets,” said Kevin Yen, Principal, Investments, BGO. “The property’s proximity to leading medical institutions and its long-term lease with a top-tier orthopedic provider bolster its strong positioning within the rapidly growing Research Triangle MSA.”
According to data captured in the LevinPro HC database, this transaction marks the 197th MOB deal of the year. So far, MOBs account for more than 10% of the 1,883 healthcare transactions that have been reported in 2025. There were 213 MOB transactions announced in 2024, and 199 announced in 2023. This deal also marks the 12th MOB to be purchased in North Carolina since the start of the year.
