Evergreen Medical Properties and Bain Capital Real Estate have acquired a medical office building portfolio that consists of 12 assets totaling 573,000 square feet. The properties are located along I-95 in Rhode Island and Massachusetts.
Evergreen Medical Properties, an investor in healthcare facilities, and Bain Capital Real Estate, the real estate investing business of Bain Capital, have a joint venture to acquire, renovate and operate healthcare real estate.
“This acquisition is emblematic of our thematic approach to investing in medical office,” said Elizabeth Carrillo Thomas, managing director at Bain Capital Real Estate. “In this case, we identified a compelling opportunity to invest in a collection of quality outpatient assets with strong underlying fundamentals and a tenancy that includes the market’s leading healthcare providers,”
Newmark’s Healthcare Capital Markets advised the seller. Albany Road Real Estate Partners advised the buyer.