Elliott Bay Capital Trust has sold the $142.9 million sale of a 50-property national investment-grade portfolio totaling approximately 430,000 square feet across 22 states.
JLL represented the seller and procured the buyer, a publicly traded REIT.
“JLL sees no slowdown in demand for medical office investments,” said Mindy Berman, JLL managing director. “We’ve seen consistent annual sales of $9 to $10 billion in the medical office sector and 2019 should be on pace with recent years.”
The sale of the Elliott Bay Dialysis Portfolio is a multi-state portfolio containing single tenant dialysis clinics leased to the two largest U.S. dialysis providers, Fresenius Medical Care and DaVita. The net lease properties are 100 percent occupied and backed by investment grade credit or New York Stock Exchange public companies.
Well located across 22 states in desirable major U.S. metro areas, the properties have mission critical infrastructure providing life su
