Liillibridge,
the nation’s largest owner and manger of medical office buildings acquired
409,000 SF MOB space on five Advocate Health Care hospitals in the Chicago
“We
have developed a strong relationship with Advocate and understanding of their
mission and values, after many years of collaborating with them on several
projects within their system, hospitals and the Advocate Medical Group” said
Todd W. Lillibridge, President and CEO of Lillibridge Healthcare Services and
Executive Vice President of Medical Property Operations of Ventas. “This MOB portfolio
acquisition is another important step towards achieving our mutual goal for implementing
and supporting today’s outpatient-focused healthcare delivery models.
2013 Emerging Trends in Real Estate report from Urban Land Institute PwC, "medical office space presents compelling investment opportunities as the nation's health care industry balloons to take care of graying baby boomers."
For the full article: http://www.globest.com/news/12_674/chicago/medical_office/Lillibridge-Acquires-409K-SF-Portfolio-336760.html?ET=globest:e39890:22479a:&st=email&s=&cmp=gst:Chicago_AM_20130819:editorial
