{"id":1004633407,"date":"2022-11-30T17:12:44","date_gmt":"2022-12-01T01:12:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004633407"},"modified":"2022-12-09T02:56:23","modified_gmt":"2022-12-09T10:56:23","slug":"aew-jv-acquires-eight-medical-buildings","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/aew-jv-acquires-eight-medical-buildings\/","title":{"rendered":"AEW JV Acquires 8 Medical Buildings"},"content":{"rendered":"
\"Kleiman

Kleiman Evengelista Eye Center. Image courtesy of Flagship Healthcare Properties<\/p><\/div>\n

A joint venture between AEW Capital Management<\/strong> and Flagship Healthcare Trust<\/strong> have completed the acquisition of eight medical buildings totaling 145,561 square feet in seven states across the Southern and Midwestern U.S. in a series of compounding transactions. The purchase was financed through a loan by Fifth Third Bank<\/strong>, who had secured a senior credit facility for the buyers. Following the acquisition, Flagship will provide property and asset management services for the portfolio.<\/p>\n

The facilities, which consist entirely of ambulatory surgery centers, are located in Texas, Arizona, Michigan, Illinois, Missouri, Tennessee and Florida. Nearly all of the tenants leasing space within the portfolio specialize in health care, with three quarters of them in top five national surgery centers and health systems.<\/p>\n

Two of the properties in the portfolio include the Kleimen Evangelista Eye Center, located at 350 E Interstate 20 in Arlington, Texas, and the Joliet Surgery Center, located at 998 129th<\/sup> Infantry Dr. in Joliet, Ill. The Keliman Evangelista Eye Center was built in 2015, and was previously owned by the Inland Real Estate Group, who had purchased it in 2017, according to CommercialEdge information. The property totals 27,500 square feet and is fully occupied by a leading Texas ophthalmology provider. Situated the Interstate 20 highway, the facility can be quickly accesses by patients throughout the suburbs of Arlington, as well as the larger Dallas-Fort Worth area.<\/p>\n

Fifth Third Bank Executive Managing Director Michael Perillo oversaw the financing of the transaction.<\/p>\n

The Medical Office Mires<\/h2>\n

Health-care and life science facilities remain a resilient commercial real estate investment<\/a>, with investors eager to get their hands on these properties. The sector recorded more than $2.9 billion in transactions in the second quarter of 2022, according to data from a report from the Brown Gibbons Lang & Co.<\/a> While that marks a slight decrease from the $3.3 billion in the same period of 2021, it significantly outranks activity in other office markets.<\/p>\n

Market Street Health Properties and Sixth Street recently created a platform to invest $300 million<\/a> in medical office buildings around the nation.<\/p>\n","protected":false},"excerpt":{"rendered":"

The sale was financed through a loan provided by Fifth Third Bank. <\/p>\n","protected":false},"author":3012,"featured_media":1004633410,"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],"tags":[],"class_list":["post-1004633407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-medical-office","category-national","category-latest"],"acf":[],"yoast_head":"\nAEW JV Acquires 8 Medical Buildings - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"A joint venture between AEW Capital Management and Flagship Healthcare Trust acquired eight medical buildings around the South and Midwest.\" \/>\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\/aew-jv-acquires-eight-medical-buildings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AEW JV Acquires 8 Medical Buildings\" \/>\n<meta property=\"og:description\" content=\"A joint venture between AEW Capital Management and Flagship Healthcare Trust acquired eight medical buildings around the South and Midwest.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/aew-jv-acquires-eight-medical-buildings\/\" \/>\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=\"2022-12-01T01:12:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:56:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Arlington-TX-Kleiman-Evangelista-Eye-Center-1-e1669848678769.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"801\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gabriel Frank\" \/>\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\/aew-jv-acquires-eight-medical-buildings\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/aew-jv-acquires-eight-medical-buildings\/\",\"name\":\"AEW JV Acquires 8 Medical Buildings - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aew-jv-acquires-eight-medical-buildings\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aew-jv-acquires-eight-medical-buildings\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Arlington-TX-Kleiman-Evangelista-Eye-Center-1-e1669848678769.jpg\",\"datePublished\":\"2022-12-01T01:12:44+00:00\",\"dateModified\":\"2022-12-09T10:56:23+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cf1bfd2d6753f6ea305911ffd020862c\"},\"description\":\"A joint venture between AEW Capital Management and Flagship Healthcare Trust acquired eight medical buildings around the South and Midwest.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aew-jv-acquires-eight-medical-buildings\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/aew-jv-acquires-eight-medical-buildings\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aew-jv-acquires-eight-medical-buildings\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Arlington-TX-Kleiman-Evangelista-Eye-Center-1-e1669848678769.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Arlington-TX-Kleiman-Evangelista-Eye-Center-1-e1669848678769.jpg\",\"width\":801,\"height\":600,\"caption\":\"Kleiman Evengelista Eye Center. Image courtesy of Flagship Healthcare Properties\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aew-jv-acquires-eight-medical-buildings\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"AEW JV Acquires 8 Medical Buildings\"}]},{\"@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\/cf1bfd2d6753f6ea305911ffd020862c\",\"name\":\"Gabriel Frank\",\"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\/2025\/05\/GF2.jpg?w=90\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/GF2.jpg?w=90\",\"caption\":\"Gabriel Frank\"},\"description\":\"Gabriel Frank is a Senior Associate Editor with Multi-Housing News and Commercial Property Executive. He has a background in journalism, and is the editor of MHN's Daily and Weekly newsletters. He lives in New York City.\",\"birthDate\":\"2000-05-11\",\"gender\":\"Male\",\"jobTitle\":\"Editor\",\"worksFor\":\"Yardi Systems\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/gabriel-frank\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"AEW JV Acquires 8 Medical Buildings - Commercial Property Executive","description":"A joint venture between AEW Capital Management and Flagship Healthcare Trust acquired eight medical buildings around the South and Midwest.","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\/aew-jv-acquires-eight-medical-buildings\/","og_locale":"en_US","og_type":"article","og_title":"AEW JV Acquires 8 Medical Buildings","og_description":"A joint venture between AEW Capital Management and Flagship Healthcare Trust acquired eight medical buildings around the South and Midwest.","og_url":"https:\/\/www.commercialsearch.com\/news\/aew-jv-acquires-eight-medical-buildings\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2022-12-01T01:12:44+00:00","article_modified_time":"2022-12-09T10:56:23+00:00","og_image":[{"width":801,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Arlington-TX-Kleiman-Evangelista-Eye-Center-1-e1669848678769.jpg","type":"image\/jpeg"}],"author":"Gabriel Frank","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\/aew-jv-acquires-eight-medical-buildings\/","url":"https:\/\/www.commercialsearch.com\/news\/aew-jv-acquires-eight-medical-buildings\/","name":"AEW JV Acquires 8 Medical Buildings - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/aew-jv-acquires-eight-medical-buildings\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/aew-jv-acquires-eight-medical-buildings\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Arlington-TX-Kleiman-Evangelista-Eye-Center-1-e1669848678769.jpg","datePublished":"2022-12-01T01:12:44+00:00","dateModified":"2022-12-09T10:56:23+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cf1bfd2d6753f6ea305911ffd020862c"},"description":"A joint venture between AEW Capital Management and Flagship Healthcare Trust acquired eight medical buildings around the South and Midwest.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/aew-jv-acquires-eight-medical-buildings\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/aew-jv-acquires-eight-medical-buildings\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/aew-jv-acquires-eight-medical-buildings\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Arlington-TX-Kleiman-Evangelista-Eye-Center-1-e1669848678769.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Arlington-TX-Kleiman-Evangelista-Eye-Center-1-e1669848678769.jpg","width":801,"height":600,"caption":"Kleiman Evengelista Eye Center. Image courtesy of Flagship Healthcare Properties"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/aew-jv-acquires-eight-medical-buildings\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"AEW JV Acquires 8 Medical Buildings"}]},{"@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\/cf1bfd2d6753f6ea305911ffd020862c","name":"Gabriel Frank","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\/2025\/05\/GF2.jpg?w=90","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/GF2.jpg?w=90","caption":"Gabriel Frank"},"description":"Gabriel Frank is a Senior Associate Editor with Multi-Housing News and Commercial Property Executive. He has a background in journalism, and is the editor of MHN's Daily and Weekly newsletters. He lives in New York City.","birthDate":"2000-05-11","gender":"Male","jobTitle":"Editor","worksFor":"Yardi Systems","url":"https:\/\/www.commercialsearch.com\/news\/author\/gabriel-frank\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Arlington-TX-Kleiman-Evangelista-Eye-Center-1-e1669848678769.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004633407","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\/3012"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004633407"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004633407\/revisions"}],"predecessor-version":[{"id":1004633511,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004633407\/revisions\/1004633511"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004633410"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004633407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004633407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004633407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}