Institutional Investor Acquires Fully-Leased Trophy Outpatient Facility

November 20, 2018

 JLL's Capital Markets, Healthcare experts have completed the $80 million sale of a 160,000-square-foot outpatient facility on the campus of Johns Hopkins Health System's Howard County General Hospital in Columbia, Maryland. Welltower (NYSE:WELL), a leading global provider of health care infrastructure, acquired the Medical Pavilion at Howard County.

Managing Director Mindy Berman, Vice President Brannan Knott and Senior Vice President Gary Applestein led the team handling the sale on behalf of the seller, Ten Acres Business Trust.

“This is a Class A facility on the only hospital campus in the fourth wealthiest county in the nation and carries significant anchor tenancy by Johns Hopkins Medicine, a world-renowned and highly rated academic health system," said Berman. "The property is a highly attractive investment for the institutional market and garnered substantial core interest."

The five-story LEED Silver medical facility sits on 10 acres, was built in 2009 and is the newest building on Johns Hopkins Health System’s Howard County General Hospital campus. The facility has a cancer care center and multiple surgery centers as well as surplus land suitable for development.

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. In 2017 alone, the firm’s 2,400 Capital Markets specialists completed $170 billion in investment sale and debt and equity transactions globally.

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.

 

See the latest posts on our homepage


Share

Topic Area: Press Release


Recent Posts
Recent Posts
Video

Moose walks into Anchorage healthcare facility


She munched on some lobby greenery and left

1/16/2019

Focus: Infection Control

Study finds bacteria in ancient Irish soil stops growth of superbugs


The soil in question is reputed to have healing properties

1/16/2019

Senior living facilities balance style and safety


This balance is an essential design strategy for today’s senior living communities, from independent living to memory care, according to an article on the Environments for Aging website

1/16/2019

Regulations, Codes & Standards Q&A: Two-hour separations between hospitals


Brad Keyes discusses regulations for two-hour separations between hospitals

1/16/2019

Changes in operations and code requirements affect facility wayfinding


These strategies can help managers ensure signage keeps up with the changes

1/16/2019





Post Comment




FREE
NEWSLETTER

• News and Updates
• Webcast Alerts
• Building Technologies



All fields are required.