### NHP Sells Outpatient Portfolio to TPG Angelo Gordon Joint Venture
Newmark has facilitated the $108-million sale of a 10-building medical office portfolio owned by National Healthcare Properties (NHP), a publicly traded healthcare REIT. The portfolio was acquired by a joint venture between Altera Fund and TPG Angelo Gordon.
The transaction was managed by Newmark’s Healthcare Capital Markets team, including senior managing director John Nero, executive managing directors Jay Miele and Ben Appel, and senior managing director Michael Greeley, in collaboration with local licensees representing NHP.
“This transaction represents an important milestone for National Healthcare Properties as we continue to enhance our operational efficiency while strategically positioning NHP for long-term earnings growth,” said Trent Taylor, Senior Vice President at NHP.
Spanning a total of 300,000 square feet, the portfolio consists of 10 medical outpatient buildings located in Arizona, Illinois, Massachusetts, Tennessee, and Texas. The joint venture secured acquisition financing from Capital One Bank.
“The market for value-add investment in the outpatient medical sector continues to improve, with both investor and lender capital availability increasing for assets and portfolios with strong investment fundamentals and attractive upside potential,” said Nero.
About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax (www.griffintax.com) and REVVED Up Accounting (www.revvedupaccounting.com). In addition, Steve founded Madison Avenue Technology (www.madisonave.tech). With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.
