JLL IPT Adds to Healthcare Portfolio with Roseville MOB

JLL Income Property Trust has acquired Roseville Outpatient Center, a Class A medical outpatient building totaling approximately 42,000 square feet, for approximately $19 million. The single-story medical outpatient building is currently 95% leased to a mix of tenants, anchored by a leading integrated healthcare tenant, with an approximately 12-year weighted average lease term.

The property is located half a mile from a larger hospital campus and was fully redeveloped in 2024 with buildouts and improvements to equip the building for specialized medical uses. The region claims positive population and income growth trends, with median household incomes and home values well above national averages.

“Roseville Outpatient Center is an excellent addition to our healthcare portfolio,” said Allan Swaringen, president and CEO of JLL IPT. “An aging, growing patient base is driving healthcare spending, and technology shifts are bringing more affordable care to outpatient facilities.”

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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 16-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 7-10 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).

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