Evergreen Medical Properties and Bain Capital Real Estate have bought 12 US medical offices from Albany Road Real Estate Partners for an undisclosed sum.
Evergreen Medical and Bain Capital said the assets totalling 573,000sqft are located along the I-95 corridor in Rhode Island and Massachusetts.
Evergreen Medical and Bain Capital have a joint venture to acquire, renovate and operate institutional quality healthcare real estate in select markets throughout the US.
Elizabeth Carrillo Thomas, a managing director at Bain Capital Real Estate, said: “This acquisition is emblematic of our thematic approach to investing in medical office.
“In this case, we identified a compelling opportunity to invest in a collection of quality outpatient assets with strong underlying fundamentals and a tenancy that includes the market’s leading healthcare providers.”