Saturday Recap: What Shifted in Medical CRE This Week

This week didn’t have a headline, but it had traction—you just needed to look closely.

Chicago suburb deal blooms

MedProperties Realty Advisors quietly closed on the 41,540 sq ft Millennium Medical Center in Chicago Ridge. Built by local physicians in 2018, it’s anchored by a US Oncology affiliate and leased long‑term. It’s not flashy, but it’s exactly the kind of physician‑aligned, built‑to‑use asset that continues to defy broader office trends  .

Midwest outpatient taste

Davis Healthcare picked up a 28,000 sq ft MOB in Maplewood, MN for $9.85 million—leased 86 % to M Health Fairview on a 10‑year lease. That’s $352/sf in a metro with steady demographics but less runway than coastal peers  .

Senior living capital starts flowing

Cambridge Realty Capital closed $19.3 million in HUD loans this week—primarily in Missouri and Texas—to refinance and shore up senior housing. It’s not investor fireworks, but it shows the sector’s resilience and confidence in long‑term financing  .

Turnkey memory care hits bid deadline

Hilco put a 120,000 sq ft assisted‑living/memory care asset in Cape Coral out for bids this week, fully leased and cash‑flow positive—current yield around $2 million on a 135‑bed community. It’s the kind of off‑market, income‑producing play investors chase quietly  .

Why it matters

These aren’t splashy headlines—but they’re signal-rich:

• Physician and operator‑aligned assets are still winning in suburban MOBs.

• Subtle but steady investor activity in senior housing shows lending and liquidity remain available.

• Off‑market senior assets with stable income are still moving—even in quiet weeks.

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