BEACHWOOD, OHIO (January 11, 2024) – Tramview Capital Management and the healthcare division of Vanbarton Group recently completed the acquisition of three medical office properties totaling 57,600 square feet located in Tucson, Arizona. The properties were acquired through a sale-leaseback transaction with Banner Health, the largest healthcare provider and private employer in the State of Arizona. Banner Health will continue to lease and occupy each building.
According to Vanbarton Principal Steve Leathers, “The investment illustrates our strategy to find well-utilized medical office buildings located in demographically favorable markets that are positioned to benefit from strong population growth and increased demand for healthcare services.” Steve added, “We continue to close on investments operated by leading healthcare systems and physician practices, recognizing the long-term value in a portfolio of stable investments, especially in periods of capital markets volatility.”
Vanbarton’s healthcare team and their joint venture partner, Tramview Capital Management, are actively seeking similar opportunities for their growing portfolio of medical office buildings in select markets throughout the country. According to Rob Davies, Managing Partner of Tramview Capital Management, “The opportunity was attractive to invest in three properties that are strategically located on major thoroughfares near hospital campuses and retail amenities, offering high-volume healthcare services.”
ABOUT TRAMVIEW CAPITAL MANAGEMENT:
Tramview Capital Management is a value-oriented real estate investment management firm focused on investing in institutional quality real estate in targeted growth markets across the U.S. Tramview leadership has overseen and managed approximately $5 billion of equity invested globally across all property types and throughout the capital stack on behalf of institutional clients (e.g. pension funds, sovereign wealth funds, endowments, foundations), wealth management firms, and high net worth individuals. For more information, please visit tramview.com.
ABOUT VANBARTON GROUP:
Vanbarton Group, LLC, is a vertically integrated real estate investment manager for global institutional investors. The Firm has a national market presence with offices on both U.S. coasts and an investment history across 20 states as both an owner and a lender. For more information, please visit vanbartongroup.com.