• Sat. Mar 2nd, 2024

Stockdale Capital Partners Acquires Outpatient Clinic Properties for Banner Health in Phoenix, AZ

ByEditor

Feb 13, 2024
Stockdale Capital Partners Purchases Three Banner Health Properties in Arizona

Stockdale Capital Partners, a real estate investment firm located in Los Angeles, recently acquired three properties that house outpatient clinics operated by Banner Health in the Phoenix area. The properties include a 20,400-square-foot clinic in Mesa, Ariz., a 39,500-square-foot clinic in Queen Creek, Ariz., and a 20,400-square-foot clinic in Gilbert, Ariz.

Stockdale intends to lease back these properties to Banner Health, ensuring that the health system can continue to provide medical services at each of these sites. A spokesperson for Banner Health stated that monetizing real estate is an important financial strategy for the nonprofit health system as it allows them to free up capital for other important projects.

This acquisition marks the fourth medical office building acquired by Stockdale since its founding and brings their total to four. Stockdale’s dedicated Healthcare Fund will continue to seek out attractive real estate investments as demand for outpatient healthcare continues to rise across the country. Andrew Saba, managing director of healthcare at Stockdale stated that they are excited about the potential this presents and look forward to contributing to the growth and development of Banner Health’s vital healthcare services.

Banner Health is a nonprofit health system headquartered in Phoenix with 30 hospitals across six states and over 50,000 employees. With this recent acquisition, Stockdale looks forward to being part of their continued success and growth in providing quality healthcare services to patients across the region.

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