The transaction involved a medical office portfolio consisting of 10 properties located across the states of Arizona, Illinois, Massachusetts, Texas, and Tennessee. The total sale price of the portfolio was $108,000,000, which translates to a pricing per square foot of $360. The total square footage of the portfolio amounts to 300,000 square feet.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $108,000,000
• Buyer: Altera Fund
• Buyer's Representatives: Josh Baumgarten & Adam Schwartz - TPG Angelo Gordon
• Seller: NHP
• Seller's Representatives: Ben Appel, Jay Miele & Michael Greeley - Newmark
• Financing: Capital One Bank
• Market: Arizona, Illinois, Massachusetts, Texas & Tennessee

This acquisition reflects growing investor interest in value-add medical office assets amid a rebounding market, with Altera Fund and TPG Angelo Gordon leading the purchase, while Newmark provided representation for the seller, NHP.