Acquisitions
Healthcare Realty seeks to grow its portfolio and enhance investor returns through the selective acquisition of medical outpatient facilities. With its ready access to capital and nearly three decades of expertise leasing and managing medical properties, the Company is able to execute acquisitions quickly and efficiently.
Acquiring properties from leading health systems, developers, physician groups, and other private investors, Healthcare Realty strives to invest in outpatient facilities that are integral to a hospital’s long-term mission of providing healthcare services.
RECENT ACQUISITIONS
Pomerado Outpatient Pavilion
San Diego, California
Porter Adventist MOB Portfolio
Denver, Colorado
Taj Mahal Medical Center
Los Angeles, California
Penrose Pavilion
Colorado Springs, Colorado
Church Street MOBS
Greensboro, North Carolina
Parkway Professional MOB I and II
Atlanta, Georgia
Clearview MOB I and MOB II
Dallas, Texas
Highmark Medical Center
Seattle, Washington
Pomerado Outpatient Pavilion
SAN DIEGO, CALIFORNIA
BUILDING PROFILE
5-story, single tenant medical outpatient building
160,000 rentable square feet
On-campus
Built in 2006
Acquired May 2021 for $103 million
Hospital: Palomar Medical Center Poway (Palomar Health)
Key Tenants and Services: Palomar Health
Porter Adventist MOB Portfolio
DENVER, COLORADO
BUILDING PROFILE
Three multi-tenant medical outpatient buildings
260,000 rentable square feet
On-campus
Built in 1978, 1985, 1992
Acquired July 2021 for $70 million
Hospital: Porter Adventist Hospital (Centura Health)
Key Tenants and Services: Orthopedics, Cardiology, Gastroenterology, Primary Care, Imaging, Physical Therapy
Taj Mahal Medical Center
LOS ANGELES, CALIFORNIA
BUILDING PROFILE
Three story, multi-tenant medical outpatient building
87,000 rentable square feet
Adjacent to campus
Built in 1964
Acquired January 2020 for $42 million
Hospital: MemorialCare Saddleback Medical Center (MemorialCare)
Key Tenants and Services: Ophthalmology, Cardiology, Fertility, Primary Care, Pediatrics
Penrose Pavilion
COLORADO SPRINGS, COLORADO
BUILDING PROFILE
Four story, LEED certified multi-tenant medical outpatient building
70,000 rentable square feet
On-campus
Built in 2011
Acquired 2021 for $33 million
Hospital: Porter Adventist Hospital (Centura Health)
Key Tenants and Services: Neurology, Oncology, Imaging, Laboratory
CHURCH STREET MOBS
GREENSBORO, NORTH CAROLINA
BUILDING PROFILE
Three multi-tenant medical outpatient buildings
149,000 rentable square feet
Adjacent to Campus
Built in 2003
Acquired 2020 for $45 million
Hospital: Moses H. Cone Memorial Hospital (Cone Health)
Key Tenants and Services: Orthopedics, Neurosurgery, Ophthalmology, Primary Care
Parkway Professional MOB I and II
ATLANTA, GEORGIA
BUILDING PROFILE
Two multi tenant-medical outpatient buildings
125,000 rentable square feet
Adjacent to campus
Built in 2011
Acquired December 2020 for $50 million
Hospital: Northeast Georgia Medical Center (Northeast Georgia Health System)
Key Tenants and Services: Ophthalmology, Oncology, Cardiology, Pediatrics
Clearview MOB I and MOB II
DALLAS, TEXAS
BUILDING PROFILE
Two multi-tenant medical outpatient buildings
122,000 rentable square feet
On campus
Built in 1998, 2009
Closed February 2021 for $22 million
Hospital: Baylor Scott & White Medical Center – Grapevine (Baylor Scott & White Health)
Key Tenants and Services: Oncology, Physical Therapy/Rehab, Women’s Imaging, Urology
Highmark Medical Center
SEATTLE, WASHINGTON
BUILDING PROFILE
Multi-tenant medical outpatient building
44,000 rentable square feet
Off-campus, hospital anchored
Built in 2010
Acquired December 2019 for $24 million
Hospitals: UW Medicine (Seattle) and Overlake Medical Center
Key Tenants and Services: Cardiology, Endocrinology, Primary Care
