Stockdale Capital Partners, a real estate investment firm based in Los Angeles, has recently acquired properties that are home to 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, with the firm revealing plans for a pipeline of additional properties across the U.S.
Banner Health is a nonprofit health system headquartered in Phoenix and 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.
A spokesperson for Banner Health stated that monetizing real estate is an important financial strategy for the nonprofit health system as it allows them to free up capital for other important projects. Andrew Saba, managing director of healthcare at Stockdale added that this acquisition will bring them closer to their goal of creating long term value through strategic investments in healthcare infrastructure