
Everest Healthcare Snags 10 Outpatient MOBs from Rendina
Scottsdale, AZ-based Everest Healthcare Properties LLC acquired a 10-building medical office portfolio from Jupiter, FL-based developer Rendina Healthcare Real Estate for an undisclosed amount. Eight of the 10 properties are on medical campuses aligned with market leading health systems. The properties are well-distributed in key regions of the United States, with critical infrastructure such as ambulatory surgery centers, cancer centers and imaging.
The portfolio totals more than 480,000 square feet, and Rendina had recently completed more than $5.5 million in improvements to the various assets. The portfolio is 83% leased, and more than a third of the tenants are aligned with hospital systems. Rendina will continue to provide property management and leasing services.
JLL’s Capital Markets’ Mindy Berman and Daniel Turley led the team handling the portfolio sale.
Berman says, “This is a well-managed portfolio which attracted investors because of its scale, geographical diversity and high-quality assets.”
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- ◦Sale/Acquisition