JLL’s Healthcare Capital Markets experts have completed the sale of a 125,942-square-foot outpatient facility, fully occupied by affiliates of Duke Health, to Ventas, Inc. for $80,500,000. 

Ventas is an S&P 500 company and a leading real estate investment trust with a diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom. JLL’s Mindy Berman served as the exclusive advisor to the seller, the Private Diagnostic Clinic, PLLC (PDC), the 1,800-member faculty physician affiliate of Duke Health. 

The five-story, Class A outpatient healthcare facility was constructed and opened in 2018 to consolidate 14 critical subspecialties of the Duke Health enterprise situated in the Southpoint submarket of Durham. The outpatient center is the largest off campus facility in the Duke Health outpatient network and houses practices in neurology, cardiology, ophthalmology, OB/GYN, pediatrics and primary care. The PDC and Duke University Health System occupy the entire property under long-term net leases. 

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. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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