Thomas Park Investments has entered into a programmatic joint venture with a global healthcare REIT.
“Advancing this joint venture aligns Thomas Park with a market-leading healthcare REIT,” said Thomas Park, CEO, EJ Rumpke. “This further validates Thomas Park as a manager in the healthcare real estate space.”
Thomas Park’s investment strategy will expand into territories beyond the mid-Atlantic and Northeast.
Three assets have been purchased under the joint venture, including:
Raleigh, N.C. (8300 Health Park) – This 178,000-square-foot medical office building is Thomas Park’s first entry into the Carolina market. The property was acquired off-market in June 2022 and is a value-add opportunity anchored by Carolina Family Practice & Sports Medicine (Duke) and Boylan Healthcare (UNC).
Baltimore County, Md. (8322 Bellona Avenue) – This 56,000-square-foot medical office building wa