MedProperties Holdings Acquires Harrison Street’s Healthcare Portfolio for $230M

DALLAS — Dallas-based MedProperties Holdings has acquired a portfolio of 17 healthcare properties totaling 620,750 square feet from Chicago-based private equity firm Harrison Street for approximately $230 million. Seven properties are located in Texas: Abilene Surgery Center and Hospital in Abilene; Texas Rehabilitation Hospital of Arlington in Arlington; Grand Parkway MOB in Richmond; Williams Way MOB in Richmond; Conroe Medical Plaza in Conroe; Kingwood Medical Plaza in Kingwood; and Lake Granbury Medical Center in Granbury. None of the five assets in the Houston area were significantly affected by Hurricane Harvey. The other properties in the sold portfolio are located in Florida, South Carolina, North Carolina, New York, Ohio, Pennsylvania, Wisconsin, Missouri and Kentucky. Chris Bodnar and Lee Asher of CBRE represented Harrison Street in the sale. Erik Tellefson and Jon Buehner of Capital One originated senior debt financing for the transaction. David Selznick and Andrew Smith of Kayne Anderson originated mezzanine debt for the acquisition. MedProperties Holdings’ portfolio of healthcare assets now totals roughly 3.4 million square feet across 20 states.

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