Harrison Street has sold a portfolio of eight medical office buildings valued at nearly $215 million across California. The portfolio totals 380,000 rentable square feet and is spread primarily across the San Francisco Bay area, with two properties located in Los Angeles.
The properties were held across several of Harrison Street’s funds.
Harrison Street said a majority of the properties are managed in a joint venture with Pinnacle Capital Management Services, a real estate investment, development and management firm. Tenants include major regional health systems, including Marin Health, Sutter Health, CommonSpirit Health and Kaiser Permanente.
“The successful sale of this portfolio reflects Harrison Street’s deep sector experience, strong relationships with closely aligned quality operators, and our ability to build high-quality medical office portfolios through a combination of repositioning, lease-up, and stabilized investment strategies in attractive,
