Bain Capital’s real estate team and Evergreen Medical Properties, a company that invests in, leases and manages healthcare facilities, announced the acquisition of an approximately 122,000-square-foot medical outpatient facility in the Washington, D.C., metropolitan area. The private transaction marks the entrance into the D.C. market for Bain Capital and Evergreen’s joint venture, which focuses on acquiring, renovating and operating mission-critical medical outpatient facilities.
Located at 2440 M Street in the West End, the modern, best-in-class facility attracts patients from Georgetown and the surrounding metropolitan area, Virginia and Maryland. The 2024 renovated property is currently 83 percent leased to a diverse mix of clinical tenants.
“Our expansion into the D.C. market represents a natural extension of our thematic investing approach and partnership with Evergreen, which seeks to identify and add value to high-quality medical outpatient facilities,”