{"id":1004489518,"date":"2020-11-03T06:35:58","date_gmt":"2020-11-03T14:35:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004489518"},"modified":"2021-05-10T02:04:59","modified_gmt":"2021-05-10T10:04:59","slug":"mob-portfolio-trades-for-240m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mob-portfolio-trades-for-240m\/","title":{"rendered":"MOB Portfolio Trades for $240M"},"content":{"rendered":"
\"\"<\/a>

Encompass Health Inpatient Rehabilitation Hospital. Image courtesy of The Sanders Trust<\/em><\/p><\/div>\n

The Sanders Trust and Harrison Street have sold an 11-property portfolio composed of medical office buildings and inpatient rehabilitation facilities. Lincoln Property Co.\u2014through Lincoln Advisors\u2014spent $240 million to acquire the assets on behalf of a public pension fund client.<\/p>\n

Located across Texas, Ohio, Maryland, Georgia, Mississippi and Iowa, the collection adds up to 474,100 square feet. According to a Harrison Street release, nine of the medical office buildings and inpatient rehabilitation facilities, valued at $213 million, were fully leased at the time of sale. CBRE Vice Chairmen Chris Bodnar and Lee Asher worked on behalf of the sellers.<\/p>\n

The portfolio includes Encompass Health Rehabilitation Hospital of Austin, situated at 330 West Ben White Blvd. The 60-bed inpatient rehabilitation hospital previously traded in 2017, public records show.<\/p>\n

Harrison Street has been quite active recently. The company, in partnership with Meridian, spent $43 million to acquire a 110,400-square-foot<\/a> office building in Irvine, Calif., at the beginning of September. The joint venture plans to transform the space into Class A medical office and rebrand the property as Pacifica Medical Plaza.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lincoln Property Co. acquired the 11 properties on behalf of a public pension fund client.<\/p>\n","protected":false},"author":748,"featured_media":1004489521,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21754,23891,21742,21747],"tags":[32789,36591,32838,38554],"class_list":["post-1004489518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-medical-office","category-national","category-latest","category-office","tag-cbre","tag-harrison-street-real-estate-capital","tag-lincoln-property-company","tag-sanders-trust"],"acf":[],"yoast_head":"\nMOB Portfolio Trades for $240M - 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\/mob-portfolio-trades-for-240m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MOB Portfolio Trades for $240M\" \/>\n<meta property=\"og:description\" content=\"Lincoln Property Co. acquired the 11 properties on behalf of a public pension fund client.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mob-portfolio-trades-for-240m\/\" \/>\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=\"2020-11-03T14:35:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-10T10:04:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Encompass-Health-Inpatient-Rehabiliation-Hospital-Austin-Texas--e1604408753860.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"947\" \/>\n\t<meta property=\"og:image:height\" content=\"710\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mob-portfolio-trades-for-240m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/mob-portfolio-trades-for-240m\/\",\"name\":\"MOB Portfolio Trades for $240M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mob-portfolio-trades-for-240m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mob-portfolio-trades-for-240m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Encompass-Health-Inpatient-Rehabiliation-Hospital-Austin-Texas--e1604408753860.jpg\",\"datePublished\":\"2020-11-03T14:35:58+00:00\",\"dateModified\":\"2021-05-10T10:04:59+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mob-portfolio-trades-for-240m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/mob-portfolio-trades-for-240m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mob-portfolio-trades-for-240m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Encompass-Health-Inpatient-Rehabiliation-Hospital-Austin-Texas--e1604408753860.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Encompass-Health-Inpatient-Rehabiliation-Hospital-Austin-Texas--e1604408753860.jpg\",\"width\":947,\"height\":710,\"caption\":\"Encompass Health Inpatient Rehabiliation Hospital. 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