JLL Capital Markets has arranged a programmatic joint venture between Fort Street Partners and Chestnut Healthcare Real Estate, which has the ability to acquire and develop up to $150 million in assets during the next four years.
The venture will focus on core/core-plus and value-add investments in outpatient medical and surgery center investments in Utah.
The venture has already closed on two medical outpatient developments in Syracuse, Utah, and Eagle Mountain.
“Over the past seven years, our team has developed a medical portfolio of 10 buildings, encompassing a total of 214,000 square feet. We are excited to partner with Chestnut to expand this portfolio and provide state-of-the-art medical facilities to our communities,” said Jenny Taumoepeau, COO and director of acquisitions at Fort Street.
Kurt Hutter, managing director – investments at Chestnut Healthcare Real Estate, said, “We are thrilled to partner with Fort Street in the acquisition a
