9-Property Medical Office Portfolio
HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a nine (9) building medical office (“Portfolio”) located throughout Ann Arbor and southeast Michigan.
The Portfolio, consisting of approximately 338,228 square feet is comprised of institutional quality single-tenant and multi-tenant medical office buildings that are 97% leased to IHA and Saint Joseph Mercy Health System. Each building was originally designed and built for IHA to best serve its established and growing patient base.
IHA was established in 1994 and has since become a wholly-owned subsidiary of Saint Joseph Mercy Health System and a member of Trinity Health (Fitch Rated ‘AA-‘). Saint Joseph Mercy Health System is a leading healthcare system in Michigan that has a network of more than 3,000 healthcare providers in over 100 locations. The Portfolio offers convenient access to primary care and an array of specialties to a population base of more than 4.4 million people, caring for more than one million patients each year.
IHA is affiliated with Trinity Health’s five (5) full-service hospitals in the surrounding area, providing IHA with access to a large catchment area and patients with convenient access to specialized high-quality care.
An important consideration for the Seller was ensuring the sale of the Portfolio was completed in 2021. With a tailored and coordinated approach, the transaction closed in approximately 45 days with Due Diligence and PSA negotiations occurring simultaneously.
Representative Transactions
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