A real estate investment firm based in Los Angeles, Stockdale Capital Partners, has recently acquired properties that house 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. This acquisition brings the total number of medical office buildings acquired by Stockdale to four since its inception.
According to Andrew Saba, managing director of healthcare at Stockdale, the dedicated Healthcare Fund will continue to pursue opportunities for attractive real estate investments as the demand for outpatient healthcare continues to rise. Banner Health is a nonprofit health system headquartered in Phoenix that operates 30 hospitals across six states and employs more than 50,000 people. With this recent acquisition, Stockdale looks forward to contributing to the growth and development of Banner Health’s vital healthcare services.