
Broadstone Bags 18-Building Elliott Bay MOB Portfolio
Rochester, NY-based Broadstone Net Lease bought the Elliott Bay National Medical Office Portfolio, an 18-building portfolio of outpatient facilities leased to major health systems and spread across eight states. The seller was Seattle-based Elliott Bay Capital Trust.
The net-lease properties are fully occupied by market-leading and academic health systems with 99% investment grade tenancy. Located across eight states (IL, WA, VA, NY, PA, MI, NC, SC) in desirable major U.S. metropolitan areas, the properties have mission critical healthcare infrastructure including ambulatory surgery, cancer treatment, multi-specialty medical and imaging centers.
JLL’s Mindy Berman, Daniel Turley and Brannan Knott handled the deal on behalf of the seller.
“The Elliott Bay portfolio is that rare type of offering that attracts investors to the healthcare real estate sector: a highly durable, investment-grade income portfolio, tenanted by some of the nation’s leading health systems,” said Knott.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition