Bain Capital, Evergreen JV Expands Its Portfolio of Medical Practices in the United States | New

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A US real estate investment partnership between Bain Capital Real Estate and Evergreen Medical Properties acquired two medical office buildings.

The joint venture – which targets outpatient medical office buildings – has purchased the properties in suburban St. Louis, Missouri and Providence, Rhode Island for an undisclosed sum. The assets have a combined total area of ​​over 72,000 square feet.

Bain Capital Real Estate and Evergreen Medical have formed the joint venture to acquire, renovate and operate healthcare buildings in select markets across the United States.

Elizabeth Carrillo Thomas, Managing Director of Bain Capital Real Estate, said: “With the continuous shift from healthcare delivery to ambulatory care services for better outcomes and lower costs, we believe these high quality properties represent a compelling opportunity to execute our thematic business and client-focused investment strategy.

Josh Richmond, President of Evergreen Medical Properties, said, “We are excited to strengthen our partnership with the Bain Capital Real Estate team and grow our platform with these premier medical office buildings.

“As a long-term real estate investor focused exclusively on the healthcare sector, we focus on lasting relationships with our healthcare system partners and physician groups and seek to be a true value-added resource. and solution-oriented. “

To read the digital edition of the latest IPE Real Assets magazine, click here.


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