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REIT pays total of $21 million for Northeast Ohio properties
CoStar
The privately traded White Oak MOB REIT paid $7.3 million last month for the 28,000-square-foot surgery center in Chardon. It was constructed in 1998 at 150 Seventh St., according to CoStar.
New York City-based White Oak MOB REIT, which owns medical office buildings, is the new owner of three such Northeast Ohio properties.
The privately traded real estate investment trust is the new owner of the Southwest Urology Center, 6900 Pearl Road in Parma Heights; the Chardon Surgery Center, 150 Seventh Ave. in Chardon, and Surgery Center of Sandusky, 2616 Hayes Ave. in Sandusky.
In a Jan. 28 news release announcing the acquisitions, White Oak said the centers are occupied by a diverse group of surgical and physicians practices and are near hospitals or other health care centers.