CBRE completes $90 million sale of four-state medical office building portfolio April 15, 2019 Share on Facebook Share on Twitter Share on LinkedIn Share via email CBRE closed on 23 medical buildings through three separate transactions totaling approximately $90 million. The deals, sold to separate buyers over the last week, totaled over 300,000 square feet across four states. Properties include the Greenleaf Center Medical portfolio in the Chicago area, as well as two portfolios with properties in Alabama, Florida and Georgia. The Greenleaf Center portfolio consists of 13 medical office buildings clustered around a high traffic intersection within the Chicago Metropolitan area. The buildings total 197,385 rentable square feet and were 93-percent leased at the time of sale, with 44 percent of the rentable space leased to investment grade credit and health system tenants. The seller’s exclusive advisors for these deals were Lee Asher, Chris Bodnar, Sabrina Solomiany, Shane Seitz and Ryan Lindsley of CBRE U.S. Healthcare Capital Markets, a national practice dispersed throughout the U.S. The group specializes in providing healthcare real estate investors with acquisition, disposition and debt and equity recapitalization strategies across the continuum of care, including medical office buildings, skilled nursing facilities, long-term care facilities, and other post-acute care operations. “We continue to see very strong interest in the market for healthcare real estate assets, and investors have allocated a substantial amount of capital to the sector this year. Consistent with previous years, pricing and demand for healthcare investment properties continues to be strong with steady cap rates year-over-year,” said Asher, vice chairman at CBRE.