{"id":1004051492,"date":"2012-07-01T21:15:45","date_gmt":"2012-07-02T05:15:45","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=54672"},"modified":"2022-12-08T17:29:01","modified_gmt":"2022-12-09T01:29:01","slug":"investors-shop-for-medical-office-buildings-in-dfw","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/investors-shop-for-medical-office-buildings-in-dfw\/","title":{"rendered":"Investors Shop for Medical Office Buildings in DFW"},"content":{"rendered":"

\"\"<\/a>By Camelia Bulea, Associate Editor<\/p>\n

Two investors recently purchased medical office properties in the Dallas-Fort Worth Metroplex.\u00a0American Realty Capital Healthcare Trust Inc. bought two medical office buildings in the North Texas markets of Arlington and Sunnyvale, while\u00a0commercial real estate investment fund Velocis\u00a0and its investors have purchased Magnolia Medical Tower, an 89,727-square-foot medical office building formerly known as the Medical Arts Building and located in the heart of the Fort Worth Medical District.<\/p>\n

The American Realty Capital affiliate bought the Texas Medical Clinic, a three-story, 66,819-square-foot medical office facility in Arlington, and Sunnyvale Medical Plaza, a two-story, 48,910-square-foot medical office building in Sunnyvale, according to the Dallas Business Journal<\/em>.<\/p>\n

The publication quoted Jason Signor, CEO of seller Caddis, as saying that Caddis will continue to manage the two properties, as well as other 10 medical assets in the Metroplex.<\/p>\n

For its part, Velocis plans to invest about $1.5 million in renovations to help increase the building\u2019s occupancy, according to a company\u2019s news release. This is the fourth investment property Velocis has purchased in the last year.<\/p>\n

The other three properties in Velocis\u2019 portfolio are:<\/p>\n