{"id":1004571851,"date":"2022-03-15T03:07:47","date_gmt":"2022-03-15T11:07:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004571851"},"modified":"2022-12-08T19:06:42","modified_gmt":"2022-12-09T03:06:42","slug":"harrison-street-sells-215m-mob-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/harrison-street-sells-215m-mob-portfolio\/","title":{"rendered":"Harrison Street Sells $215M MOB Portfolio"},"content":{"rendered":"
\"\"<\/a>

Image by StockSnap via Pixabay.com<\/p><\/div>\n

Harrison Street<\/strong> has sold a portfolio of eight California medical office buildings valued at nearly $215 million, the company announced Monday.<\/p>\n

The portfolio totals 380,000 rentable square feet and is primarily located in the San Francisco Bay Area<\/a>, with properties both in the city and in Santa Rosa, Daly City, Alameda, and Greenbrae. Two properties are in the Los Angeles neighborhood of Van Nuys.<\/p>\n

Tenants include leading regional health systems such as Marin Health<\/strong>, Sutter Health<\/strong>, CommonSpirit Health<\/strong> and Kaiser Permanente<\/strong>.<\/p>\n

The properties were held across several of Harrison Street\u2019s funds, and a majority are managed in a joint venture with Pinnacle Capital Management Services<\/strong>.<\/p>\n

\n

READ ALSO<\/strong>: Inside SoCal\u2019s Red-Hot Industrial Market: Scannell\u2019s Jay Tanjuan<\/a><\/p>\n

\n

A Harrison Street spokesperson did not reply to Commercial Property Executive<\/em>\u2019s request for additional information.<\/p>\n

CBRE<\/strong>\u2019s U.S. Healthcare & Life Sciences Capital Markets team represented Pinnacle in the transaction.<\/p>\n

Healthy sector<\/h2>\n

Harrison Street has been very active in the medical office sector. In 2021, the company closed 66 MOB investments for a total of about $1.4 billion. Most recently, Harrison Street acquired 11 fully occupied medical office properties across Florida, Wisconsin, Illinois, Minnesota, North Carolina and North Dakota from The Ryan Cos. <\/strong><\/p>\n

Harrison Street isn\u2019t the only MOB investor that\u2019s active in multiple states. In early 2021, White Oak Healthcare<\/strong> acquired a three-building, 77,000-square-foot MOB portfolio<\/a> in South Florida from Woodside Health<\/strong>, then quickly followed that up with the purchase of a single Class A property<\/a> in metro Las Vegas.<\/p>\n

The medical office sector has remained resilient, with economic recovery and reopening boosting it in the shorter term and demographic trends favoring it longer-term, according to a mid-year 2021 report from Marcus & Millichap<\/strong>. Rising employment in particular is expected to help the sector by boosting the number of people with health insurance.<\/p>\n","protected":false},"excerpt":{"rendered":"

Anchored by leading health systems, most properties are situated in the Bay Area. <\/p>\n","protected":false},"author":882,"featured_media":1004499787,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22251,21783,1594,21754,21742,1609,15],"tags":[32789,35046,44141,34836,50650,47462],"class_list":["post-1004571851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-focus","category-investment","category-los-angeles","category-medical-office","category-latest","category-san-francisco","category-west","tag-cbre","tag-cbre-capital-markets","tag-harrison-street","tag-marcus-millichap","tag-pinnacle-capital-partners","tag-ryan-cos"],"acf":[],"yoast_head":"\nHarrison Street Sells $215M MOB Portfolio - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Harrison Street has sold a portfolio of eight medical office buildings across California valued at nearly $215 million.\" \/>\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\/harrison-street-sells-215m-mob-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Harrison Street Sells $215M MOB Portfolio\" \/>\n<meta property=\"og:description\" content=\"Harrison Street has sold a portfolio of eight medical office buildings across California valued at nearly $215 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/harrison-street-sells-215m-mob-portfolio\/\" \/>\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=\"2022-03-15T11:07:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:06:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/chair-2584260_1920.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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\/harrison-street-sells-215m-mob-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/harrison-street-sells-215m-mob-portfolio\/\",\"name\":\"Harrison Street Sells $215M MOB Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/harrison-street-sells-215m-mob-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/harrison-street-sells-215m-mob-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/chair-2584260_1920.jpg\",\"datePublished\":\"2022-03-15T11:07:47+00:00\",\"dateModified\":\"2022-12-09T03:06:42+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"description\":\"Harrison Street has sold a portfolio of eight medical office buildings across California valued at nearly $215 million.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/harrison-street-sells-215m-mob-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/harrison-street-sells-215m-mob-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/harrison-street-sells-215m-mob-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/chair-2584260_1920.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/chair-2584260_1920.jpg\",\"width\":800,\"height\":620,\"caption\":\"Image by StockSnap via Pixabay.com\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/harrison-street-sells-215m-mob-portfolio\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Harrison Street Sells $215M MOB Portfolio\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Harrison Street Sells $215M MOB Portfolio - Commercial Property Executive","description":"Harrison Street has sold a portfolio of eight medical office buildings across California valued at nearly $215 million.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/harrison-street-sells-215m-mob-portfolio\/","og_locale":"en_US","og_type":"article","og_title":"Harrison Street Sells $215M MOB Portfolio","og_description":"Harrison Street has sold a portfolio of eight medical office buildings across California valued at nearly $215 million.","og_url":"https:\/\/www.commercialsearch.com\/news\/harrison-street-sells-215m-mob-portfolio\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2022-03-15T11:07:47+00:00","article_modified_time":"2022-12-09T03:06:42+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/chair-2584260_1920.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/harrison-street-sells-215m-mob-portfolio\/","url":"https:\/\/www.commercialsearch.com\/news\/harrison-street-sells-215m-mob-portfolio\/","name":"Harrison Street Sells $215M MOB Portfolio - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/harrison-street-sells-215m-mob-portfolio\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/harrison-street-sells-215m-mob-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/chair-2584260_1920.jpg","datePublished":"2022-03-15T11:07:47+00:00","dateModified":"2022-12-09T03:06:42+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"description":"Harrison Street has sold a portfolio of eight medical office buildings across California valued at nearly $215 million.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/harrison-street-sells-215m-mob-portfolio\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/harrison-street-sells-215m-mob-portfolio\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/harrison-street-sells-215m-mob-portfolio\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/chair-2584260_1920.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/chair-2584260_1920.jpg","width":800,"height":620,"caption":"Image by StockSnap via Pixabay.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/harrison-street-sells-215m-mob-portfolio\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Harrison Street Sells $215M MOB Portfolio"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/chair-2584260_1920.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004571851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004571851"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004571851\/revisions"}],"predecessor-version":[{"id":1004572134,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004571851\/revisions\/1004572134"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004499787"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004571851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004571851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004571851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}