Heitman LLC, a global real estate investment management firm, acquired a 1.4-million-square-foot medical office portfolio made up of 17 buildings in seven states on behalf of an affiliate of Heitman.
Denver-based NexCore Group advised Heitman during the acquisition and will provide operating and property management services for the portfolio under a long-term contract.
The PHT Medical Office Portfolio consists of seven Class-A medical office buildings in Texas and five in Indiana, with the remaining assets located in Illinois, Missouri, New Jersey, North Carolina and Virginia.
The portfolio is comprised of properties located in sought-after, high-population-growth markets. The majority of the properties were built after 2005 and are affiliated with highly-rated, market-leading, and academic health systems.
