JLL Income Property Trust has acquired Kansas City Medical Office Portfolio, a 50,000-plus-square-foot, three-property medical office building portfolio with properties in and around Kansas City, Mo. The purchase price was approximately $22.2 million.
“We’ve continued to focus on expanding our national medical office portfolio as we target healthcare-oriented properties in the office sector to take advantage of positive, long-term market trends that should continue to produce stable cash flow for our shareholders,” said Allan Swaringen, JLL Income Property Trust president and CEO. “Kansas City Medical Office Portfolio is another great example of a top-of-the-line asset in a location with positive demographic trends and strong tenancy that we believe positions our portfolio well for the coming years.”
In aggregate, the three properties are 100 percent leased to a diverse tenant roster of leading health systems and physicians groups. The portfolio has a weighte
