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Chicago & Midwest  + Downtown  + Healthcare  | 
The portfolio Harrison Street sold to NorthWest Health spans 10 states

Harrison Street Divests 10-State Healthcare Portfolio to NorthWest 

Harrison Street has sold a 27-property healthcare real estate portfolio totaling 1.2 million square feet to NorthWest Healthcare Properties. The properties span 10 states and are 97% occupied. 

JLL’s Healthcare Capital Markets group marketed the portfolio on Harrison Street’s behalf. The JLL team representing the seller was led by senior managing directors Mindy Berman, Evan Kovac, Andrew Milne and Brian Bacharach and managing directors Tim Joyce and Brannan Knott, with support from VPs Trent Jemmett and CJ Kodani.   

“The offering was well received due to its scale and the mix of medical office and acute care facilities,” Berman said. “Healthcare assets have seen increased investor interest, as the sector offers long-term leases with quality tenants that provide steady income to landlords.” 

The portfolio has a mix of 15 medical office buildings, five micro-hospitals, four behavioral hospitals, two inpatient rehabilitation hospitals, and one heart and surgical hospital. 

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JLL's Berman

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition