American Realty Capital Healthcare Trust Acquires Medical Portfolio for $61M

American Realty Capital Healthcare Trust, a New York-based property investment trust, acquired three medical office properties located in Phoenix, AZ, Carson City, NV, and Las Vegas. This portfolio was purchased from The Cirrus Group LLC for $ 60.9 million, or about $ 788 per square foot.

The portfolio will be used as an investment. The seller is a developer which typically sells its medical properties to institutional investors after the properties…
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