Today's Top Story
July 30, 2012
ARC HEALTHCARE BUYS MOB PORTFOLIO FOR $63M

Tom D'Arcy

NEW YORK CITY — American Realty Capital Healthcare Trust (ARC Healthcare) has acquired three medical office buildings located in Two Rivers, Hartford and Neenah, Wisconsin, for $63 million. The properties total 226,046 square feet and are fully leased to Aurora Health Care.

“We are very pleased to complete the acquisition of these three high-quality, recently constructed medical office buildings leased and operated by one of the largest and most reputable healthcare systems in the state of Wisconsin, Aurora Health Care,” says Tom D’Arcy, CEO of New York City-based American Realty Capital Healthcare Advisors.

Aurora Health Care is a not-for-profit healthcare system that operates 15 hospitals in Wisconsin and Illinois. The properties included in the sale provide various outpatient services, such as urgent care, pharmacy services, clinical space, rehabilitation and physical therapy.

With the acquisition of the Aurora portfolio, ARC Healthcare’s portfolio now includes 34 properties. Since the end of the first quarter of this year, the trust has closed on 15 properties for an aggregate purchase price of $214.5 million.

“As we effectively deploy our capital, these properties add to our diversified portfolio, focused on healthcare assets leased to strong national and regional operators on a long-term basis,” D’Arcy says.

The trust is focused on income-producing medical facilities, including medical office buildings, ambulatory care centers, hospitals, skilled nursing facilities, seniors housing facilities and research and life science centers.

— Savannah Duncan

   

 

 

 
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LIBERTY BUYS 2100 M STREET N.W. IN DC FOR $133.5M IN VALUE-ADD PLAY
WASHINGTON, D.C. — Liberty Property Trust (NYSE: LRY) has acquired 2100 M Street N.W., a 290,762-square foot, eight-story office building in Washington, D.C., for $133.5 million. The seller was Hines Interests LLP. Currently 77 percent occupied with 66,366 square feet available...
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