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El Paso, Texas MOB Acquired by Healing Realty Trust
Healing Realty Trust (HRT) announced the acquisition of a multi-tenant medical outpatient building (MOB) in El Paso, Texas, enhancing its clinic-focused portfolio. The MOB is being acquired for $7.15 million. The acquired asset is comprised of 50,213 square feet and is leased to a diverse range of medical tenants, including WellMed, Quest Diagnostics, Optum and Universal Health Services, with the opportunity to further enhance occupancy. The MOB is within a few miles of major hospitals (including both HCA Healthcare and Tenet Healthcare hospital systems), ambulatory surgery centers, long-term acute care hospitals, the University of Texas El Paso campus, Texas Tech Medical School and to... Read More »
Remedy Medical Properties and Kayne Anderson Real Estate Add a Montana MOB to Their Portfolio
Remedy Medical Properties and Kayne Anderson Real Estate have announced the acquisition of a Montana property from a joint venture between United Surgical Partners International (USPI) and Bozeman Health. The acquired asset (often called the Bozeman Health Cottonwood Clinic + Surgery Center) is a 58,872-square-foot medical outpatient building (MOB) and ambulatory surgery center (ASC) in Bozeman, Montana. The MOB was built in 2021 and sits on 5.02 acres of land. It is 100% occupied by three tenants: the West Bozeman Surgery Center, Deaconess Intercity Imaging Center and Bozeman Deaconess Health Services. In addition to the ASC, the facility offers family and pediatric medicine, internal... Read More »
PE-Backed Latus Group Acquires U.K.-Based OH Services
Latus Group, backed by private equity firm NorthEdge, announced on October 22 the completion of its acquisition of OH Services, a regional provider of occupational health services. OH Services delivers highly specialized medical assessments tailored to the needs of the oil and gas, maritime and safety critical industries. It operates from two clinic locations in the United Kingdom: Yorkshire and North East Lincolnshire. Latus Group works with businesses across a range of sectors to help people achieve healthier working lives through proactive, preventative healthcare that supports regulatory compliance, improves colleague health and wellbeing and enhances employee engagement. The... Read More »
Meridian Purchases Medical Outpatient Building in Tucson, Arizona
Meridian announced that it has closed escrow on the purchase of a vacant medical outpatient building (MOB) in Tucson, Arizona. The acquired asset is a 94,569-square-foot MOB, located on a 9.27-acre parcel. The former inpatient cardiovascular hospital has been vacant for 15 years. Founded in 1999, Meridian is a full-service real estate developer and investor specializing in brand-enhancing healthcare and life science developments. The firm owns and manages healthcare properties throughout the United States and continues to aggressively pursue acquisitions and developments. Following the acquisition, the property will be fully occupied by El Rio Health, a Federally Qualified Health Center... Read More »
Alliance Consolidated Group of Companies Announces Purchase of Arlington, TX MOB
Alliance Consolidated Group of Companies, a leader in commercial real estate investment, announced on October 17 that it has successfully completed the purchase of a new medical property in Texas for $6 million. The acquisition was made through the Alliance Medical Fund. The acquired asset is a 15,110-square-foot medical outpatient building (MOB) in Arlington, within the Dallas-Fort Worth MSA. MCS Dallas Medical, PLLC provides premier orthopedic care in the state-of-the-art facility. The MOB sold for approximately $397 per square foot. Founded in 1995, Alliance Consolidated Group of Companies is a real estate investment firm that specializes in net-leased medical buildings. All assets are... Read More »Schedule a demo
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