Marcus & Millichap offering $117M healthcare real estate portfolio: 4 things to know

A medical office building real estate portfolio comprised of 20 radiation oncology centers located in Florida, California, Nevada, West Virginia and Kentucky has sold for more than $117 million, according to Marcus & Millichap, a commercial real estate investment services firm.

Here are four things to know about the healthcare portfolio sale.

1. The real estate relates to Fort Myers, Fla.-based 21st Century Oncology, which is the net-leased tenant. 21st Century Oncology executed a new master lease prior to close of the transaction.  

2. Gino Lollio and Scott Niedergang, both associate vice presidents in Marcus & Millichap’s Downtown Chicago office and members of the firm’s Healthcare Real Estate Group, represented the seller, a group of physicians affiliated with the tenant. Mr.Lollio and Mr. Niedergang also represented the buyer, a private non-traded REIT with a focus on healthcare.

3. In a statement, Mr. Niedergang said motivating factors for the buyer included 21st Century Oncology's status as the largest provider of integrated cancer care services in the U.S., as well as the portfolio's strong real estate fundamentals. 

4. The acquisition offers long-term stable cash flow with rental growth throughout the lease term, according to Marcus & Millichap.

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