As of October 31, 2007, NNN Healthcare/Office REIT has sold approximately 18.1 million shares of its common stock, excluding the shares issued under its distribution reinvestment plan, for more than $180 million through its initial public offering, which began in the third quarter of 2006.
NNN Healthcare/Office REIT offers a monthly distribution of 7.25 percent per annum and has made fourteen other geographically-diverse acquisitions:
-- East Florida Senior Care Center Portfolio in Jacksonville, Winter Park,
and Sunrise, Florida;
-- 2750 Monroe Boulevard in Valley Forge, Pennsylvania;
-- St. Mary Physicians Center in Long Beach, California;
-- Kokomo Medical Office Park in Kokomo, Indiana;
-- 1 and 4 Market Exchange in Columbus, Ohio;
-- Gwinnett Professional Center in Lawrenceville, Georgia;
-- Triumph Hospital Northwest and Triumph Hospital Southwest in Greater
-- Thunderbird Medical Plaza in Glendale, Arizona;
-- Shakerag Medical Center and Yorktown Medical Center in Fayette County,
-- Commons V Medical Office Building in Naples, Florida;
-- Lenox Office Park Building G in Memphis, Tennessee;
-- The Gallery Professional Building in St. Paul, Minnesota;
-- Crawfordsville Medical Office Park and Athens Surgery Center in
Crawfordsville, Indiana; and
-- Southpointe Office Parke and Epler Parke I in Indianapolis, Indiana.
Including the purchase of Northmeadow Medical Center, NNN Healthcare/Office REIT has acquired a portfolio of properties valued in excess of $294 million.
NNN Realty Advisors, Inc., a nationwide commercial real estate asset
management and services firm, is the sponsor of NNN Healthcare/Office REIT,
Inc. NNN Realty Advisors and affiliates manage a growing portfolio of more
than 39.1 million square feet of real estate, including approxima
|SOURCE NNN Healthcare/Office REIT, Inc.|
Copyright©2007 PR Newswire.
All rights reserved