Artemis Real Estate Partners has purchased a 10-property, Class A medical office portfolio totaling 270,831 square feet in seven states across the U.S.
The medical office portfolio comprises assets positioned near major hospitals or health centers in Salem, Ore.; Phoenix, Ariz.; Indianapolis, Ind.; Cincinnati, Ohio; Atlanta; Ga.; Charlotte, N.C.; and Lancaster, Pa. Approximately 50 percent of the portfolio is leased to investment-grade health systems, including Mercy Health, Novant Health and Penn Medicine Lancaster General Health.
JLL Capital Markets has arranged the sale and financing of portfolio.
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The JLL Capital Markets team representing the seller includes Senior Managing Director Ted Flagg; Managing Director Andrew Milne; Vice Presidents Vasili Davos and Kristina Patrk; and Analysts Niema Beglari, Katya Golynko and Rachel Oates.
“The portfolio garnered interest from a wide variety of investors,” Milne said. “Artemis distinguished themselves early on and performed flawlessly throughout the process. Lenders also competed vigorously for the opportunity to provide financing with a bank ultimately stepping up to provide very attractive rate and terms.”
JLL Capital Markets Senior Managing Directors Daniel Turley and Tim Joyce and Director Anthony Sardo led acquisition financing efforts on behalf of Artemis, with a bank providing strong financing terms.