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May 16, 2024 9:00 AM

�ǿ�����app���� announces it has completed the sale of a medical outpatient building (MOB) collection comprising two properties located in suburban Wisconsin. Each MOB was purpose-built within the last 10 years and is 100% leased by Children’s Wisconsin, a high-quality, Moody’s Aa3 ranked tenant.

����ɳ�������’s Healthcare Capital Markets practice members Executive Managing Director , Senior Managing Directors and , Executive Managing Director , and Associate Director provided support on the transaction. ����ɳ�������’s Wisconsin-based Broker of Record represented the seller.

“Leased long-term by Children’s Wisconsin, both facilities were purpose-built by one of the Nation’s leading medical office developers to satisfy the health system’s growing outpatient needs,�� said Appel.

Nero added, “This purchase marks the continued strategic expansion of the MOB-focused joint venture between Montecito Medical and AEW Capital Management. The demand and bidder activity for strategically located off-campus assets aligned with leading health systems continues to steadily increase, which was reflected in the marketing process for this collection.��

The properties are located in strategic suburban markets, home to important patient service areas for the health system. Strong demographics, including number of households, population growth, age trends and a highly insured population continue to aid current and long-term demand drivers for the MOB sector.

About �ǿ�����app����
�ǿ�����app���� Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“�ǿ�����app������), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. ����ɳ�������’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, �ǿ�����app���� provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, �ǿ�����app���� generated revenues of approximately $2.5 billion. As of March 31, 2024, ����ɳ�������’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,600 professionals around the world. To learn more, visit nmrk.com or follow .

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