NorthWest Healthcare Properties Buys Healthcare Property Portfolio Across Multiple States For $600M

NorthWest Healthcare Properties has acquired a healthcare property portfolio in a sale transaction. The portfolio is located in multiple states including Arizona, California, Colorado, Illinois, Indiana, Florida, Massachusetts, Minnesota, Oklahoma, and Texas. The asset type of the properties is medical office.

Summary of transaction details

• Property Type: Medical Office
• Transaction Amount: $600,000,000
• Square Footage: 1,200,000
• Price Per Square Foot: $500
• Seller: Harrison Street - Ben Mohns
• Brokers: Mindy Berman, Evan Kovac, Andrew Milne, Brian Bacharach, Tim Joyce, Brannan Knott, Trent Jemmett & CJ Kodani - JLL Healthcare Capital Markets

The deal was facilitated by JLL Healthcare Capital Markets, with brokers including Mindy Berman, Evan Kovac, Andrew Milne, Brian Bacharach, Tim Joyce, Brannan Knott, Trent Jemmett, and CJ Kodani. The sale price for the portfolio was $600,000,000 and the total square footage of the properties is 1,200,000. The transaction represents a price per square foot of $500.