Sunday, January 27, 2013

Taking advantage of the still hot medical building sales market, Mount Carmel sells 2 medical office buildings



It's been no secret that the demand for medical office buildings is at an all time high, due to a few basic factors:

  • Interest rates are low, and investors are seeking higher returns
  • Demographics and healthcare reform point to an increasing need for facilities
  • Investors see this and want to take part in the action
Many investors have had more capital to place than product to purchase. Recently, Mount Carmel sold interest in 750 Mount Carmel Mall and 444 Cleveland Avenue to Health Care REIT for $14.5 Million.

Business First Article located here:
http://www.bizjournals.com/columbus/news/2013/01/02/mount-carmel-profits-from-real-estate.html 

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