Rendina Sells Off 10-Building Medical Office Portfolio

JLL’s Capital Markets, Healthcare experts arranged the sale of a 10-building medical office portfolio on behalf of Jupiter, Florida-based developer Rendina Healthcare Real Estate. The buyer was Everest Healthcare Properties LLC, a healthcare real estate investment manager based in Scottsdale, Arizona.

Managing Directors Mindy Berman and Daniel Turley led the team handling the portfolio sale.

“This is a well-managed portfolio which attracted investors because of its scale, geographical diversity and high-quality assets. Eight of the 10 properties are on medical campuses aligned with market leading health systems,” said Berman.

The portfolio totals over 480,000 square feet and Rendina, which has developed more than 7.75 million square feet of healthcare real estate, had recently completed more than $5.5 million in improvements to the various assets. The portfolio is 83 percent leased and more than a third of the tenants are aligned with hospital systems. Rendina will continue to provide property management and leasing services following the acquisition.

CALL 1.954.346.8200

Connect With One of Our Professionals

* = Required Field