JLL Income Property Trust, an institutionally managed, daily NAV REIT with approximately $6.9 billion in portfolio equity and debt investments, announced the acquisition of West Boston Medical Center, a medical outpatient complex located in the Greater Boston suburb of Watertown, MA, for a purchase price of approximately $32 million. The property totals approximately 53,000 square feet and is 100% leased to a single tenant, a leading regional healthcare provider, with a newly executed 15-year lease with 2.8% average annual rent escalations.
Read the full article: JLL Income Property Trust Acquires Boston Area Medical Center //
Source: https://www.prnewswire.com/news-releases/jll-income-property-trust-acquires-boston-area-medical-center-302702581.html