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Evergreen Medical Properties and Bain Capital Real Estate acquire medical office portfolio
Transactions - OCTOBER 26, 2021

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Evergreen Medical Properties and Bain Capital Real Estate acquire medical office portfolio

by Released

Evergreen Medical Properties and Bain Capital Real Estate have acquired a medical office building portfolio consisting of 12 assets totaling 573,000 square feet along the Interstate 95 corridor in Rhode Island and Massachusetts. Financial terms of the private purchase from Albany Road Real Estate Partners were not disclosed.

The diversified portfolio of outpatient medical office buildings features a dynamic tenant roster, including Lifespan, Rhode Island’s largest health system and private employer. Other core tenants across the properties include Care New England, Southcoast Health and Brown Physicians.

Evergreen Medical Properties and Bain Capital Real Estate have a joint venture to acquire, renovate and operate institutional-quality healthcare real estate in select markets throughout the United States. The joint venture focuses on mission-critical outpatient medical office buildings.

“This acquisition is emblematic of our thematic approach to investing in

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