National Real Estate Advisors and Catalyst Healthcare Real Estate invest $420m across two portfolios
National Real Estate Advisors has formed a joint venture with Catalyst Healthcare Real Estate for the acquisition and recapitalization of two multi-state healthcare portfolios totaling $420 million.
“These transactions underscore National’s commitment to investing in highly competitive, diverse markets that seek to generate long-term, healthy returns for our clients,” said Jeffrey Kanne, president and CEO of National. “We are thrilled to be able to acquire these portfolios of medical office properties alongside an experienced and talented operational partner such as Catalyst. This acquisition not only significantly scales our medical office portfolio but furthers National’s geographic diversification.”
The portfolios consist of 40 properties totaling 1.2 million square feet spanning 13 states: Alabama, Arkansas, Connecticut, Florida, Georgia, Illinois, Indiana, Louisiana, Massachusetts, North Carolina, Tennessee, Texas and Virginia. The portfolios are 92 pe