Davis Medical Investors acquired the 42,467-square-foot Woodlake Medical Building in Woodbury, Minn., for $18 million, REjournals reported Dec. 13.
The acquisition, which closed Nov. 21, is the 13th medical office building acquired by the group. Following the acquisition, the three tenants of the building, Woodlake Surgery Center, St. Paul Eye and Midwest ENT, signed new 15-year leases.
The fund has now acquired assets in Minnesota, Tennessee, Connecticut, Maine and Ohio, totaling $230 million in value.