NEW YORK– White Oak Healthcare MOB REIT today announced it has acquired three Class-A medical office buildings in Southern Florida.
The stabilized assets, Estero Medical Center, located in Estero, Florida and Oak Point I & II in Vero Beach, Florida, total 77,363 square feet and are 97.3% leased to a diverse group of physician practices.
Oak Point I & II are located within a growing medical micro-market anchored by Cleveland Clinic Indian River Hospital, surgery centers, as well as post operation rehabilitation, skilled nursing and senior living facilities. Estero Medical Center is adjacent to a Class A senior living campus and has excellent access to the existing Lee Health and future HCA medical facilities that stretch between the Fort Myers and Naples areas.
Dr. David Lynn, President and Chief Investment Officer of White Oak Healthcare MOB REIT said, “These stabilized buildings establish a presence for our company in two high-growth markets within close proximity to major medical centers. Each project is well located and easily accessible for patients and providers.”
