Investor groups affiliated with Coordinated Health founder and former CEO Dr. Emil DiIorio have sold the bulk of their Lehigh Valley medical real estate to a Milwaukee firm connected to a key player in the early stages of downtown Allentown’s redevelopment. The entities sold 13 properties where Lehigh Valley Health Network-owned Coordinated Health is a tenant for $147 million, according to deeds filed this month. The transaction includes more than 470,000 square feet of medical office space spread across five properties. The buyer is Hammes Partners, the private investment platform of Hammes Co. that focuses on the U.S. health care real estate market.
Read the full article: DiIorio-Affiliated Entities Sell 13 Medical Properties Leased by LVHN to Milwaukee Firm for $147M //
Source: https://www.mcall.com/business/mc-biz-diiorio-sells-medical-real-estate-hammes-partners-20200715-nsjswjprurabxbgyuojbudgwzy-story.html