The transaction involves a healthcare portfolio comprising of 19 properties located in Texas, Kansas, Missouri, Alabama, Indiana, Maryland, Ohio, Pennsylvania, and Virginia. The total square footage of the portfolio is 319,424 square feet. The properties are Medical Office assets.

Summary of transaction details

• Property Type: Medical Office
• Transaction Amount: $78,000,000
• Address: Healthcare Portfolio
• Market: Texas, Kansas, Missouri, Alabama, Indiana, Maryland, Ohio, Pennsylvania, and Virginia

The landlord for this portfolio is Montecito Medical Real Estate. The broker representing the transaction is John Chun, Anthony Sardo, Tim Joyce, Chris Hew, and Bobby Norwood from JLL. JLL Capital Markets arranged $78 million in financing for the portfolio. The properties within the portfolio have an average occupancy level of 95% and a double-digit weighted average remaining lease term.

These properties offer a strong investment opportunity in the healthcare sector, with their prime locations in multiple states. The financing arranged by JLL Capital Markets further enhances the stability and potential growth of the portfolio. The high occupancy rates and remaining lease terms reflect the positive demand for medical office spaces in the respective markets.