Acquisition of Northside Medical Office Building

United States

Deal value: $42,000,000

Acquisition of a 78,000 sq ft medical office building adjacent to Northside Hospital, Atlanta, GA, by Harrison Street Real Estate Capital. The property is 98% leased to multi-specialty physician groups and outpatient services.

Harrison Street is capitalizing on sustained institutional demand for healthcare real estate, particularly medical office buildings with strong occupancy and anchor tenant relationships. The 98% lease rate and proximity to Northside Hospital provide stable, predictable cash flows that align with Harrison Street's core strategy of acquiring Class A healthcare assets. This acquisition reflects the firm's conviction that healthcare real estate remains a defensive, inflation-resistant asset class with secular tailwinds from aging demographics and outpatient care migration. The $42M ticket size fits Harrison Street's portfolio construction approach, as evidenced by their track record of acquiring portfolios ranging from single assets to multi-state platforms.