Sat. Feb 24th, 2024
Stockdale Capital Partners Purchases Three Banner Health Properties in Arizona

Stockdale Capital Partners, a real estate investment firm based in Los Angeles, has recently acquired properties that are home to outpatient clinics operated by Banner Health in the Phoenix area. These 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 plans 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 brings the total number of medical office buildings acquired by Stockdale to four since its inception. The firm revealed plans for a pipeline of additional properties across the U.S., with Andrew Saba, managing director of healthcare at Stockdale stating that his dedicated Healthcare Fund will continue to pursue opportunities for attractive real estate investments as demand for outpatient healthcare continues to rise.

Banner Health is a nonprofit health system headquartered in Phoenix and operates 30 hospitals across six states. With this recent acquisition, Stockdale looks forward to contributing to the growth and development of Banner Health’s vital healthcare services.

By Editor

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