HFF closes $79.08 million sale of 5-building medical office portfolio on behalf of Oak Street Real Estate Capital

Oak Street Portfolio 

Michael Bennett

CHICAGO, IL, Sept. 8, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of a five-building medical office portfolio totaling 294,108 square feet with properties located in Ohio, Kentucky and Maine.

      

HFF marketed the portfolio on behalf of the seller, Oak Street Real Estate Capital.  Carter Validus Mission Critical REIT purchased the entire portfolio for $79.08 million.

       

The portfolio is fully leased to investment-grade, credit-rated health systems offering a full range of medical services.  Individual property details are below:

Property    Square Feet       Yr Built/Renovated  Tenant

The Christ Hospital AOB, 139,428 SF, 1960/2013, The Christ Hospital, Cincinnati, OH

UC Health Florence MOB,  41,600 SF, 2014, UC Health, Florence, KY

UC Health Lucille MOB, 41,600 SF,  2014, UC Health, Cincinnati, OH

MaineGeneral – Augusta, MOB, 51,000 SF, 2010, MaineGeneral Health, Augusta, MEMaineGeneral – Oakland MOB, 20,480 SF, 2011, MaineGeneral Health, Oakland, ME

Evan Kovac

The HFF investment sales team representing the seller was led by managing directors Michael Bennett, Phil Mahler and Evan Kovac.

“All of the hospitals in the portfolio are market leading healthcare providers in their respective service areas,” said Bennett.  “This was a great opportunity for an investor to acquire a well performing, stable medical office portfolio with a strong hospital sponsorship.”

 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.cvmissioncriticalreit.com

www.oakstreetrec.com