Varde, Unity Medical Partner Up For Palm Beach Gardens Office Acquisition

3602 Kyoto Gardens Dr-Palm Beach Gardens_Photo Credit Loopnet 760x320

Värde Partners and Unity Medical Properties are partnering up to acquire a medical office building in Palm Beach Gardens.

An affiliate of Värde, a Minneapolis-based global investment firm, and Unity, a Monterey, California-based medical office real estate investment firm, paid $14.5 million for Laser and Surgery Center of the Palm Beaches. The joint venture also obtained $8.7 million in seller financing, records and real estate database Vizzda show.

The seller, an affiliate of Denver-based Healthpeak Properties, paid $14 million in 2015 for the single-story building that sits on 1.9-acres on 3602 Kyoto Gardens Drive, records show.

Source: The Real Deal

July 30, 2024/by ADMIN

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