Healing Realty Trust Inc. (“Healing Realty Trust,” “HRT” or the “Company”), a healthcare-focused real estate investment company concentrated on acquiring value-add to core-plus medical office buildings with core-like, durable cash flows, is pleased to announce the acquisition of a single-story, multi-tenant medical office property located at 1160 Park Avenue West in Highland Park, Illinois. The asset was acquired for $4,915,000, representing a purchase price of $221.82 per square foot, compared to a market comparable of $262 per square foot. The 22,158-square-foot property is occupied by seven medical tenants and is currently 100% leased with a weighted average lease term of 4.71 years.
Read the full article: Healing Realty Trust Acquires Highland Park Medical Office Building, a Fully Leased Healthcare Property in Highland Park, Illinois //
Source: https://www.newsfilecorp.com/release/269256/Healing-Realty-Trust-Acquires-Highland-Park-Medical-Office-Building-a-Fully-Leased-Healthcare-Property-in-Highland-Park-Illinois