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| Mindy Berman |
CHICAGO, IL, April 19, 2022 – JLL’s Healthcare Capital Markets group has closed the $600 million sale of a 27-property, best-in-class, core-quality healthcare real estate portfolio totaling 1.2 million square feet in Arizona, California, Colorado, Illinois, Indiana, Florida, Massachusetts, Minnesota, Oklahoma and Texas markets.
 |
| Ben Mohns |
“Harrison Street is proud
to have partnered once again with JLL’s Healthcare Capital Markets team to
execute the sale of this complex portfolio spanning multiple medical
sub-sectors and U.S. states,” said Ben Mohns, Senior Managing Director
and Head of North American Asset Management at Harrison Street.
“The successful sale of these diversified healthcare assets
reinforces the strength of Harrison Street’s ongoing partnership with JLL, and
the portfolio execution ability of our talented team who have worked diligently
to execute on behalf of our investors.”
 |
| Evan Kovac |
The
portfolio includes nine properties in Arizona; five properties in Texas and
Illinois; two properties in Florida and one property each in Minnesota,
Massachusetts, California, Oklahoma, Colorado and Indiana.
The portfolio is 97%
occupied by key healthcare providers, including Advocate Aurora Health, Rush
University Medical Center, Memorial Hermann, Ascension, Banner Health, Tenet
Health, Lutheran Health Network, Baylor Scott & White Health and
Edward-Elmhurst Healthcare.
 |
| Andrew Milne |
The JLL Healthcare Capital Markets team representing the seller was led by Senior Managing Directors Mindy Berman, Evan Kovac, Andrew Milne and Brian Bacharach and Managing Directors Tim Joyce and Brannan Knott, with support from Vice Presidents Trent Jemmett and CJ Kodani.
Local support was provided by JLL licensed brokers in each
location.
“The offering was well
received due to its scale and the mix of medical office and acute care
facilities,” Berman said. “Healthcare assets have seen increased investor
interest, as the sector offers long-term leases with quality tenants that
provide steady income to landlords.”
 |
| Brian Bacharach |
The JLL Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers.
The
firm's in-depth local market and global investor knowledge delivers the
best-in-class solutions for clients — whether investment sales and advisory,
debt advisory, equity advisory or a recapitalization.
The
firm has more than 3,000 Capital Markets specialists worldwide with offices in
nearly 50 countries.
For
more news, videos and research resources on JLL, please visit our newsroom.
Jones
Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed
with the California Department of Real Estate, license #01223413.
 |
| Tim Joyce |
Harrison
Street is one of the leading investment management firms exclusively focused on
alternative real assets.
Since inception in 2005, the firm has created
a series of differentiated investment solutions focused on demographic-driven,
needs-based assets.
The firm has invested across senior housing,
student housing, healthcare delivery, life sciences and storage real estate as
well as social and utility infrastructure.
Headquartered in Chicago with offices in
London, Toronto, San Francisco and Washington D.C., the firm has more than
200-employees and approximately $44 billion in assets under management.
 |
| Brannan Knott |
Harrison
Street was awarded Best Places to Work by Pensions & Investments for seven
consecutive years (2014-2020) and was recognized by PERE as the 2021
Alternatives Investor of the Year, North America and 2020 Global Alternatives
Investor of the Year.
For more information, please visit www.harrisonst.com.
About
NorthWest Healthcare Properties (“NorthWest”)
NorthWest
is a global real estate investor and asset manager focused on properties and
partnerships at the intersection of healthcare, knowledge and research.
 |
| Trent Jemmett |
With
more than 300 professionals globally, operating in 7 countries, NorthWest
brings a global view, local execution capabilities and a long-term ownership
strategy which allows it to serve as a real estate partner of choice to leading
healthcare operators around the world.
 |
| CJ Kodani |
JLL
(NYSE: JLL) is a leading professional services firm that specializes in real
estate and investment management.
JLL
shapes the future of real estate for a better world by using the most advanced
technology to create rewarding opportunities, amazing spaces and sustainable
real estate solutions for our clients, our people and our communities.
JLL
is a Fortune 500 company with annual revenue of $19.4 billion in 2021,
operations in over 80 countries and a global workforce of more than 98,000 as
of December 31, 2021.
JLL is the brand name, and a registered
trademark, of Jones Lang LaSalle Incorporated.
For
further information, please visit jll.com.
CONTACT:
Cierra
Lacasse
PR, Capital Markets
JLL
T
+1 602 648 8701
M
+1 408 318 8021
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