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Chicago & Midwest  + Greater Chicagoland  + Healthcare  | 

Inland Private Capital Trades MOBs in IL, MA

Inland Private Capital Corporation (IPC) has sold four freestanding medical office properties in Illinois and Massachusetts for a gross sale price of $45.7 million. IPC facilitated the sale of the properties on behalf of the Medical Office Portfolio DST, one of its 1031 investment programs. The company didn’t disclose the buyer or buyers.

Three of the properties—in the northwest suburbs of Bartlett, Elk Grove Village and Schaumburg (pictured)—are leased to Barrington Orthopedic Specialists. IPC purchased the three properties, which total nearly 75,000 square feet, in June 2014.

The fourth property is in Plymouth, MA, about 40 miles south of Boston. The 30,803-square-foot building is leased by Jordan Physician Associates, a Massachusetts not-for-profit.

“The Medical Office Portfolio DST was another successful full-cycle transaction on our medical office investment platform for IPC’s investors,” said Keith Lampi, IPC’s president and COO. The sale resulted in a total return to investors of 142.10%.

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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 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).