On Thursday, global alternative investment firm Värde Partners announced its acquisition of Unity Investment Management from Unity Medical Properties. As a wholly owned subsidiary of Värde, Unity Investment Management will now be responsible for managing and leasing 74 medical outpatient buildings worth over $800 million.
This purchase follows Värde’s recent deal to acquire a portfolio of 61 MOBs (medical office buildings) valued at $700 million. The majority of these properties were finalized in July, with two additional closings earlier this month. Spanning across 16 states and totaling approximately 2.75 million square feet, the portfolio includes tenants from various medical clinical practices.
According to Tim Mooney, managing partner and global head of real estate at Värde Partners: “We have had a successful partnership with the team at Unity for many years now and this transaction allows us to expand our presence in healthcare real estate while continuing our strategy of developing thematic asset verticals.”
He added that their long-term investment strategy is supported by the ongoing shift towards outpatient care in the healthcare industry. They anticipate further growth opportunities within this sector as they aim to increase their portfolio value to over $2 billion in the coming years.
Mooney also highlighted how these assets provide stability due to high-credit quality tenants and resilient businesses that generate strong cashflow yields even during economic downturns.
In summary,Värde’s acquisition marks an important step towards expanding their presence in healthcare real estate while capitalizing on current market trends.
