MedProperties Realty Advisors, LLC continues to view the challenging capital market and general business conditions as an opportunity to acquire high-quality, best-in-class healthcare assets.
Last month the firm acquired a 44,659-square-foot medical office building in Cypress (Houston), Texas on the Memorial Hermann Cypress Hospital campus. The recently developed building, located at 27646 Northwest Freeway and completed in 2024, is 100% leased to Memorial Hermann Health System and Athlete Training + Health (ATH).
MedProperties completed the acquisition of the outpatient building by utilizing discretionary equity capital and available debt financing.
The property has a long-term weighted average lease term (WALT) and has excellent demographics including a population of 125,302 within a 5-mile radius and an average household income of $149,937.
