Stockdale Capital Partners, a Los Angeles-based real estate investment firm, has recently purchased properties that house dispensaries 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 these properties back to Banner Health, ensuring the health system can continue to provide medical services at each of these locations. The acquisition brings the total number of medical office buildings Stockdale has acquired to four since its inception, with the firm revealing plans for a number of additional properties across the US. In particular, Stockdale’s dedicated health care fund will continue to seek opportunities for attractive real estate investments as the demand for outpatient health care continues to grow.

Banner Health is a Phoenix-based nonprofit health system that operates 30 hospitals in six states and employs more than 50,000 people. With this recent acquisition by Stockdale Capital Partners, Banner Health looks forward to continuing their mission of providing high quality healthcare services while also generating revenue from real estate monetization strategies.

By Editor

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