In a $42 million deal, a Nashville-based real estate investment trust has sold two medical clinics in metro Milwaukee occupied by Aurora Health Care to another national investment company.
Healthcare Realty Trust sold a Aurora Health Center building at 7878 N. 76th St. in Milwaukee for $11.2 million and a larger Aurora Health Center at N84 W16889 Menomonee Ave. in Menomonee Falls for $30.8 million, according to state property records. The buyer of both properties was Dallas-based MedProperties, which owns medical real estate throughout the country.
The Milwaukee property houses the offices of several Aurora specialists and the Menomonee Falls property is primarily an urgent care facility.
In the second quarter, Healthcare Realty Trust sold off more than $180 million worth of assets, according to its second quarter earnings report.
Aurora Health Center, 7878 N. 76th St., Milwaukee. Image from Google.
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Elizabeth Morin is a writer based in Virginia Beach. She is passionate about local sports, politics and everything in between.
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