Kyle Medical Pavilion sells for $17 million to REITKyle Medical Pavilion sells for $17 million to REIThttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=21902014-12-15T09:01:00Z2014-12-15T00:00:00Z

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.

Austin-Round Rock
http://www.globest.com/news/12_1006/southeast/medical_office/Health-Care-REIT-buying-MOBs-353446.htmlRead more at {Source}

 Search NewsTalk Texas