The JV will expand their portfolio with the development of five Class A medical office buildings in Florida.
With only a small primary care office in the city center, backlogged and delayed trying to serve over ten thousand people, leaders heard the cry for more.
The deal consisted of the Delray Beach-based investors purchasing the remaining interest in the LLCs that own the real estate, not deeds.
University of Miami has been expanding its medical clinics throughout South Florida, most recently in Downtown Doral as well as North Miami.
The two-story, 30,000-square-foot facility will be near site anchor Ascension St. Vincent’s Health Center.