Vehicle III
Printers Park
Printers Park
Total Square Footage: 225,000 SF
Acquisition Date: September 2021
Unrealized
Printer’s Park Medical Plaza was purchased alongside Briargate Medical Center. The UCHealth Medical system occupies the majority of Printer’s Park, which is less than a mile from the UCHealth Memorial Hospital Central campus.
Aurora Health
Aurora Health
Total Square Footage: 68,000 SF
Acquisition Date: September 2021
Unrealized
The Aurora Health Center was built in 2006 and expanded to ~68,000 RSF in 2011. The Aurora Health system occupies ~35% of the building.
Briargate
Briargate Medical Center
Total Square Footage: 60,000 SF
Acquisition Date: September 2021
Unrealized
Purchased alongside Printer’s Park, Briargate Medical Center is ~98% leased, anchored by UCHealth as a tenant in ~45% of the building. This Class A property is positioned to lead the market in occupancy and credit.
Doylestown Health and Wellness
Doylestown Health and Wellness
Total Square Footage: 100,000 SF
Acquisition Date: September 2021
Unrealized
Doylestown Health & Wellness is approximately 50% occupied; Doylestown Hospital occupies 45% of the total building. The Doylestown building is well positioned to be anchored by two top grade credit health systems
Liliha Professional Building
Liliha Professional Building
Total Square Footage: 37,000 SF
Acquisition Date: April 2022
Unrealized
Liliha Professional Building is a multi-tenant medical office building in urban Honolulu. Altera is continuing to upgrade the facilities in order to bring Liliha Professional to the top of the market class of buildings.
East Houston MOB
East Houston MOB
Total Square Footage: 52,000 SF
Acquisition Date: September 2021
Unrealized
The East Houston Medical Office Building has excellent exposure and is surrounded by an abundance of hospitals and credit health systems.
Brunswick - Summit I
Brunswick - Summit I
Total Square Footage: 85,000 SF
Acquisition Date: September 2021
Unrealized
The two-building campus in Brunswick was fully completed in 2004. Summit I & II offers significant upside given the larger market is a popular retirement destination.
Fountain Plaza
Fountain Plaza Medical
Total Square Footage: 52,000 SF
Acquisition Date: October 2021
Unrealized
Fountain Plaza Medical Center is on the Northwest Hospital Campus. Since purchase, Altera has taken this building to ~95% occupancy. The Tucson market is a nationwide leader in new, organic growth.
Brunswick - Summit II
Brunswick - Summit II
Total Square Footage: 85,000 SF
Acquisition Date: September 2021
Unrealized
The two-building campus in Brunswick was fully completed in 2004. Summit I & II offers significant upside given the larger market is a popular retirement destination.