In The News

January 9, 2024

Altera-Virtus JV acquires 215,571 s.f. portfolio in Tucson, Ariz.; Newmark represents buyer

GREATER TUSCON, Ariz. – A new joint venture partnership (JV) of Dallas-based Altera Fund Advisors, and Austin, Texas-based Virtus Real Estate Capital has acquired a four-building MOB portfolio with a total of 215,571 square feet of space in Greater Tucson. The price was not disclosed. News of the transaction comes from the Healthcare Capital Markets team with Newmark Group Inc. (Nasdaq: NMRK), which arranged the equity placement and advised Altera on the JV formation. Newmark’s team comprised John Nero, Ben Appel, Jay Miele and Michael Greeley in cooperation with Alex Foshay. The portfolio was about 73 percent leased at the time of the sale. Acquisition financing was provided by Capital One.

In The News

January 9, 2024

Altera-Virtus JV acquires 215,571 s.f. portfolio in Tucson, Ariz.; Newmark represents buyer

GREATER TUSCON, Ariz. – A new joint venture partnership (JV) of Dallas-based Altera Fund Advisors, and Austin, Texas-based Virtus Real Estate Capital has acquired a four-building MOB portfolio with a total of 215,571 square feet of space in Greater Tucson. The price was not disclosed. News of the transaction comes from the Healthcare Capital Markets team with Newmark Group Inc. (Nasdaq: NMRK), which arranged the equity placement and advised Altera on the JV formation. Newmark’s team comprised John Nero, Ben Appel, Jay Miele and Michael Greeley in cooperation with Alex Foshay. The portfolio was about 73 percent leased at the time of the sale. Acquisition financing was provided by Capital One.

In The News

January 9, 2024

Altera-Virtus JV acquires 215,571 s.f. portfolio in Tucson, Ariz.; Newmark represents buyer

GREATER TUSCON, Ariz. – A new joint venture partnership (JV) of Dallas-based Altera Fund Advisors, and Austin, Texas-based Virtus Real Estate Capital has acquired a four-building MOB portfolio with a total of 215,571 square feet of space in Greater Tucson. The price was not disclosed. News of the transaction comes from the Healthcare Capital Markets team with Newmark Group Inc. (Nasdaq: NMRK), which arranged the equity placement and advised Altera on the JV formation. Newmark’s team comprised John Nero, Ben Appel, Jay Miele and Michael Greeley in cooperation with Alex Foshay. The portfolio was about 73 percent leased at the time of the sale. Acquisition financing was provided by Capital One.

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