KYLE - Health Care REIT has purchased a portfolio of medical office buildings (MOBs) that include the 42,000-sf Kyle Medical Pavilion at 135 Bunton Creek Rd.
Completed in 2012, the three-story facility is home to tenants including Hays Surgery Center, Texan Urgent Care and Austin Pain Associates.
Health Care REIT paid $402 per sf for the property, totaling $16.9 million. The REIT paid at least $69 million for the five-property portfolio, according to information from Real Capital Analytics.
After taking a bit of a hiatus from acquiring MOBs in 2013, Health Care REIT has been very active in the space in 2014, as its purchases of such properties could total about $306 million in the second half of the year, according to the company.
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