Class A national medical office portfolio sells for $400M


 

 

 

JLL Healthcare Capital Markets experts have completed the $400 million sale of the Hammes Medical Office Portfolio, a 979,000-square-foot, geographically-diverse collection of 23 Class A medical outpatient properties affiliated with top health systems and other providers in nine states.  

Managing Directors Mindy Berman and Steve Leathers advised on sale on behalf of the seller, Milwaukee-based Hammes Partners, a highly respected institutional private equity firm exclusively focused on healthcare real estate. Welltower, a leading global provider of health care infrastructure, acquired the portfolio 

“Prospective investors were attracted to this carefully curated portfolio of high-quality outpatient assets,” said Berman. “Selling points include the portfolio’s alignment with major health systems, durable income and locations in strong metro markets.”

The properties are located in 12 metro markets in the following states: Virginia, Washington, North Carolina, Illinois, New York, New Jersey, Pennsylvania, Alabama and Texas. 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution.

JLL Healthcare Capital Markets is the only national full-service healthcare capital markets team in the real estate industry focused on medical office, hospitals, seniors housing and post-acute care. The team consistently transacts over $1 billion annually with unrivaled expertise and experience in investment sales, monetization, development debt and equity capital raise and advisory services for investor and provider clients.

For more capital markets content, visit The Investor, an online news source providing real-time commercial real estate news to asset buyers and sellers around the world. For more news, videos and research resources on JLL, please visit the firm’s U.S. newsroom.

 

 



January 31, 2019


Topic Area: Press Release


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