AMERICAN REALTY HEALTHCARE PAYS $32 MILLION FOR ACQUISITIONS IN OHIO, TEXAS

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PEORIA, ILL. — New York-based American Realty Capital Healthcare Trust has paid $32 million for two acquisitions, including Methodist North Medical Office Building in Peoria. The company secured a ground leasehold interest in the three-story outpatient center in Peoria for $24.6 million. It also paid $7.4 million for a ground leasehold interest in a medical office building at the Odessa Regional Medical Center in Odessa, Texas. The two properties total 112,522 square feet. The Peoria property is fully leased to Methodist Services Inc., which holds two leases that expire in January and February 2025. The ground lease expires in July 2058 and includes two 25-year renewal options.

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