• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
  • Blog
  • Free Resources
RevistaMed

RevistaMed

  • About
    • Meet Revista
    • Advisory Board
    • Partners
    • Press
    • Rising Leaders Council
    • Sponsorship
    • Contact Us
  • Events
  • Why Subscribe?
    • Featured Products
    • Business Development
    • Underwriting & Due Diligence
    • Asset Management
    • Capital Markets
    • Site Selection & Development
    • Leasing
  • Subscriber Login
Home / Mergers/Acquisitions / DuPage Medical Group Sells Several Trophy MOBs to Harrison Street

DuPage Medical Group Sells Several Trophy MOBs to Harrison Street

June 12, 2018 by Mike Hargrave Topics: Mergers/Acquisitions, Real Estate Financing/Capital Markets

DuPage Medical Group (DMG), of Downers Grove, Illinois (www.dupagemedicalgroup.com) has recently sold a group of trophy MOBs to Harrison Street Realty Capital (HSRE). A preliminary accounting through public records shows DMG monetized over 400,000 SF and $200M worth of MOBs. The transactions closed in early/mid May. Among the assets that traded was the DMG MOB in Lisle, IL. The 95,000 SF MOB constructed in 2008 sold to HSRE for $548/SF. Subscribers to Revista can view all properties involved through the transaction comps module.

DMG is the largest, independent physician group in the Chicago suburbs. DMG was purchased in November 2017 for $1.45B by Ares Management, L.P. (NYSE: ARES) in an effort to fuel growth and maintain physician independence. HSRE has been extremely active in the Chicago MSA and has helped to drive MOB transaction volume up 45% during the past 12 months.

 DuPage Medical Group MOB in Lisle, IL

Mike Hargrave
Mike Hargrave

Other Articles by Mike Hargrave:

    • Lenders to the Medical Office Sector Signaling Caution, Lower Volumes
    • Inflationary Pressures Impacting the Revista MOB Industry Fundamentals Report
    • MOB Transaction Volume Sets Quarterly and Annual Volume Records in 1Q22

Previous Post:JLL Releases a Major Healthcare Real Estate Outlook Report Today
Next Post:NYU Langone Opens Kimmel Pavilion June 24th

Sidebar

Topics

  • Construction/Development
  • Industry News
  • Leasing/Property Management
  • Mergers/Acquisitions
  • Policy/Legislation
  • Real Estate Financing/Capital Markets
  • Revista Best Practices
  • Revista News
  • Sponsor Spotlight
  • Transactions
  • Uncategorized

Recent Posts

  • MOB Transaction Volume Cools in 4Q, Cap Rates Creep Up
  • Rehab Hospital Projects Maintain Strong Pipeline
  • MOB Construction Off Recent Highs in 4Q
  • The Fed’s Expectations for 2023
  • Construction Starts have Remained Strong in Select Markets

Archives

Upcoming Events

  • There are no upcoming events.

Other Free Resources

Industry Directory

Search for and/or list your medical real estate services in Revista’s medical real estate directory.

Reports & White Papers

Download free reports & white papers on medical real estate.

Add Lease/Sale Listing

Revista provides free lease/sale listings for healthcare real estate.

Ready to Schedule a Demo?

Get in Touch Now
  • Why Subscribe?
  • Events
  • The MOB Scene
  • Add A Directory Listing
  • Add Lease/Sale Listing
  • Contact Us
  • Sponsorship
  • About
  • Terms of Use
  • Press

SIGN UP FOR MOB SCENE NEWSLETTER

  • Twitter
  • Facebook
  • LinkedIn