A new partnership of MedProperties Holdings LLC of Dallas and Equity Inc. of Columbus, Ohio, now owns the Atrium Medical Center Medical Office Building in Middletown, Ohio.
MedProperties, a healthcare real estate private equity investment firm, and Equity, the commercial real estate firm that developed and manages the property, closed on the transaction in March.
The five-story, 103,000-square-foot Atrium Medical Center MOB is one of nine buildings that have been built on the 200-acre hospital campus of the Atrium Medical Center, which opened in 2007.
“The Atrium investment was compelling to us as a result of its on-campus location, the strength of the hospital system, and the economic growth that is occurring between the cities of Dayton and Cincinnati where the project is located,” says MedProperties managing principal Roman Kupchynsky II. “In addition, industry professionals now know that the Accountable Care Act is here to stay, so system plans for expansion that were previously on hold appear now to be moving forward. We believe this acquisition will benefit from this timing and momentum.”