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Boston & New England  + Massachusetts  + Office  |  September 24, 2019
Paul Bubny
By: Paul Bubny

SNH Completes Sale of Central Mass. MOB Portfolio

Senior Housing Properties Trust (SNH) completed the sale of the Reliant Medical Group portfolio of medical office buildings across central Massachusetts for a total of $18 million.  The Newton, MA-based REIT also completed the sale of a 15-facility Midwestern skilled nursing portfolio for a combined sales price of $8 million.

Totaling approximately 362,000 square feet, the Reliant portfolio includes five MOBs in Worcester, two in Westborough and one each in Millbury, Milford, Fitchburg, Spencer, Leominster and Auburn. Founded in 1929 as Fallon Clinic, Reliant occupied these properties before moving to other locations upon the expiration of the leases.

In separate transactions, SNH sold 10 skilled nursing facilities in Nebraska, four in Iowa and one in Kansas. The REIT didn’t disclose the buyers of the SNF or MOB properties.

Pictured: A Leominster, MA property in the Reliant portfolio.

For comments, questions or concerns, please contact Paul Bubny

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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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