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Texas  + State of Texas  + Hospitality  | 

JLL Capital Markets Closes Sale Of 18-Property Medical Portfolio, 16 From Texas

JLL Capital Markets has closed the sale of an 18-property medical office portfolio totaling 762,780 square feet with 16 of the 18 properties located in Texas. The properties are directly aligned with partnerships between Ardent Health Services, a leading healthcare provider, and two market-leading academic health systems, The University of Texas Health Science Center at Tyler and The University of Kansas Health System. Two of the properties are in Kansas.

JLL marketed the properties on behalf of the seller, Ardent Health Services. The portfolio was acquired by a healthcare-focused real estate investment trust. The buyer and transaction amount was not disclosed.

The properties are fully leased by affiliates of UT Health East Texas and The University of Kansas Health System St. Francis Campus with a wide range of specialty uses. More than 90% of the portfolio is concentrated in on-campus locations with the balance of the properties strategically positioned to support outpatient strategies across the surrounding communities.

The JLL Healthcare Capital Markets team representing the seller was led by Senior Managing Directors Brian Bacharach and Mindy Berman and Vice President Vasili Davos.

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About Erik Hamilton

Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.

  • ◦Sale/Acquisition