The transaction underscores the attractiveness of medical office assets as overall office sale activity has slowed.
The amenities offered at newer senior living communities, whether it be an active living facility or independent living facility, are in place to not only to attract potential residents, but also their sons, daughters and grandchildren who will be visiting. In fact, these facilities are being marketed to the adult child.
The medical office building is a fully leased two-story building with the majority being occupied by the Seller, OB/GYN Specialists of the Palm Beaches.
“Investors are viewing medical office as a haven in a disrupted environment.”
Entities that bought the properties appear to be linked to Lakewood, New Jersey-based Imperial Healthcare Group LLC.