USAA forms healthcare JV
USAA Real Estate Co. has formed a partnership with HSA PrimeCareto acquire and develop outpatient healthcare real estate assets across 11 states throughout the Midwest. The newly formed vehicle is positioned to acquire or develop a broad range of healthcare real estate, such as medical office buildings, cancer centers, ambulatory surgery centers, medical wellness centers and other specialty centers. The joint venture’s first acquisition was a 97,375-square-foot portfolio of medical office assets located in northwest Indiana and Tinley Park, Ill., a suburb southwest of Chicago. Today, through co-investments and joint ventures, USAA Real Estate’s portfolio includes approximately 415,000 square feet of healthcare real estate assets.