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JLL’s Boston Office Closes $143M Sale of 50-Property National Healthcare Portfolio
Mindy Berman and Brannan Knott of JLL’s Boston office, along with Peter Bauman and Tivon Moffitt of the firm’s Phoenix office, have arranged the $142.9 million sale of Elliott Bay Dialysis Portfolio, a 50-property healthcare portfolio totaling approximately 430,000 square feet across 22 states.
The properties are located in Arkansas, Alabama, California, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Michigan, Mississippi, North Carolina, New Hampshire, New Mexico, Nevada, Ohio, Pennsylvania, South Carolina, Tennessee, Texas and Virginia. The portfolio contains single-tenant dialysis clinics leased to the two largest U.S. dialysis providers, Fresenius Medical Care and DaVita. The net lease properties are 100 percent occupied and backed by investment grade credit or New York Stock Exchange public companies.
JLL represented the seller, Elliott Bay Capital Trust, in the transaction. The buyer was a publicly traded REIT.
For comments, questions or concerns, please contact David Cohen
- ◦Sale/Acquisition
