What Actually Moved in Medical CRE This Week

Quiet week on headlines, busy week on real deals. Sila Realty Trust picked up two outpatient assets in Southlake Texas for about $16.15 million. One is a GI center tied to GI Alliance and the other is an ASC with a Baylor Scott and White and USPI physician joint venture. That is durable tenancy in a strong Dallas Fort Worth suburb and a clean read on outpatient demand. 

Provider expansion showed up in the Mid Atlantic. Anchor Health Properties and ChristianaCare activated more than 190,000 square feet across five buildings in suburban Philadelphia, converting previously quiet space into live outpatient uses under a long term lease. For investors and lenders, that is fresh tenancy and a step up in building performance rather than a ground up bet.   

Small trades kept flowing. Marcus and Millichap closed a $4.2 million net leased DaVita clinic in the Bronx, a reminder that single tenant medical is still liquid when the operator and location line up. On the portfolio and capital side, Global Medical REIT reported second quarter results and confirmed it completed a previously announced five property portfolio and reaffirmed full year guidance, signaling steady REIT level activity even while rates stay choppy.    

Two storylines to watch. In San Antonio, Bexar County approved University Health’s plan to acquire the former Christus Santa Rosa Medical Center for $71 million with another $20 million earmarked for renovations. That sets up a campus plus outpatient strategy in a high growth market. In the UK, the tug of war for Assura intensified as KKR pressed its all cash bid while the board continued to back Primary Health Properties. It is abroad, but the outcome matters for medical REIT sentiment and pricing logic everywhere.    

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