MedProperties Snaps Up Three Medical Office Buildings

Dallas-based MedProperties Realty Advisors LLC broadened its Austin-area footprint with the acquisition of three medical properties in separate transactions. The recent buys, added to February 2018 activity, brings the investor’s holdings in the area to more than 120,000 square feet.

MedProperties now owns:

• The 40,000-square-foot Lakeway Medical Village, 101 Medical Pkwy., Lakeway, TX. The property is under construction, and MedProperties acquired it through a joint venture with Equity LLC of Ohio. The development is slated for completion in April 2019. The property is being built by Equity LLC and Equity Lakeway Investments LLC.
• A 20,167-square-foot medical office building at 505 W. Louis Henna Blvd. in Round Rock, TX. The seller is listed as WNB Partners Ltd. in Fredericksburg, TX.
• The 27,544-square-foot Dripping Springs Medical Village, 170 Benney Lane, Dripping Springs, TX. The seller is listed as Dripping Springs MOB LLC of Austin.

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