{"id":1004102320,"date":"2014-08-15T08:13:11","date_gmt":"2014-08-15T16:13:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004102320"},"modified":"2022-12-08T07:19:17","modified_gmt":"2022-12-08T15:19:17","slug":"gazit-globes-promed-properties-to-sell-6-medical-office-buildings-for-205m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/gazit-globes-promed-properties-to-sell-6-medical-office-buildings-for-205m\/","title":{"rendered":"Gazit-Globe\u2019s ProMed Properties to Sell 6 Medical Office buildings for $205M"},"content":{"rendered":"

By Barbra Murray, Contributing Editor<\/em><\/p>\n

Gazit-Globe Ltd. continues its portfolio repositioning program with a new deal to sell six medical office buildings owned through its subsidiary, ProMed Properties Inc. The Tel Aviv, Israel-based international real estate company will pocket a nice chunk of change on the disposition of the 624,000-square-foot group of properties: approximately $205 million.<\/p>\n

Sell six here, sell six there and suddenly there\u2019s nearly half-a-billion dollars available for new investments. Pro-Med\u2019s agreement to sell the six-building collection of properties follows by two months the disposition of another six-building group in a deal that brought in $200 million.<\/p>\n

It\u2019s all part of the plan, and that plan has everything to do with the retail market. The process began two years ago when Gazit-Globe exited the U.S. senior housing business, where it had had a presence for more than 10 years. Now the company is in the process of disposing of ProMed\u2019s portfolio, of which four MOBs totaling 405,000 square feet valued at $175 million remain.<\/p>\n

\u201c[These transactions] are well aligned with our strategy to recycle capital at compelling valuations and focus on our global retail business operations,\u201d Roni Soffer, president of Gazit-Globe, stated in a press release. Gazit-Globe, with a portfolio of exceeding 500 properties in 20 countries, is one of the world\u2019s largest owners, developers and operators of predominantly supermarket-anchored shopping centers.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Globe Ltd. continues its portfolio repositioning program with a new deal to sell six medical office buildings owned through its subsidiary, ProMed Properties Inc. <\/p>\n","protected":false},"author":969,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21754,21742,21747],"tags":[],"class_list":["post-1004102320","post","type-post","status-publish","format-standard","hentry","category-medical-office","category-latest","category-office"],"acf":[],"yoast_head":"\nGazit-Globe\u2019s ProMed Properties to Sell 6 Medical Office buildings for $205M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/gazit-globes-promed-properties-to-sell-6-medical-office-buildings-for-205m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gazit-Globe\u2019s ProMed Properties to Sell 6 Medical Office buildings for $205M\" \/>\n<meta property=\"og:description\" content=\"Globe Ltd. continues its portfolio repositioning program with a new deal to sell six medical office buildings owned through its subsidiary, ProMed Properties Inc.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/gazit-globes-promed-properties-to-sell-6-medical-office-buildings-for-205m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-08-15T16:13:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T15:19:17+00:00\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/gazit-globes-promed-properties-to-sell-6-medical-office-buildings-for-205m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/gazit-globes-promed-properties-to-sell-6-medical-office-buildings-for-205m\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"Gazit-Globe\u2019s ProMed Properties to Sell 6 Medical Office buildings for $205M\",\"datePublished\":\"2014-08-15T16:13:11+00:00\",\"dateModified\":\"2022-12-08T15:19:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/gazit-globes-promed-properties-to-sell-6-medical-office-buildings-for-205m\\\/\"},\"wordCount\":235,\"commentCount\":0,\"articleSection\":[\"Medical Office\",\"News\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/gazit-globes-promed-properties-to-sell-6-medical-office-buildings-for-205m\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/gazit-globes-promed-properties-to-sell-6-medical-office-buildings-for-205m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/gazit-globes-promed-properties-to-sell-6-medical-office-buildings-for-205m\\\/\",\"name\":\"Gazit-Globe\u2019s ProMed Properties to Sell 6 Medical Office buildings for $205M - 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