Deal Size
9+ Million Dollars
Deal Broker
Erik Gainor
Location
Wyomissing, Pennsylvania
Multi-Building Condominium Sale
Wyomissing, Pennsylvania
Description: Zeustra represented an ophthalmology practice in the sale of their two-building medical real estate portfolio consisting of a 19,000 SF medical office and a 7,000 SF surgery center. Given that both buildings were over 20 years old and one was a condominium, we had to get creative when identifying a buyer that could get comfortable with the underlying risk. After restructuring the leases to maximize the value of the portfolio, Zeustra was able to arrange the sale as a part of the initial IPO of a publicly traded REIT.
- Ophthalmology Practice
- Medical Office and Surgery Center
- 26,000 SF
- Condominium
- $9,300,000 Sale
- US REIT Initial Public Offering (IPO)
- Value Added: 7%
- 5-month marketing and sale process
