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New Deal


Announced

Completed

Rendina Healthcare Real Estate and Artemis Real Estate completed the acquisition of a 62,535-square-foot medical office building.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Friendly

Real Estate Holding and Development

Real Estate

medical office building

Completed

Private Equity

Private

Majority

Acquisition

Domestic

Synopsis

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Rendina Healthcare Real Estate, a healthcare real estate developer, and Artemis Real Estate, a private equity firm, completed the acquisition of a 62,535-square-foot medical office building located at 1135 Broad Street in Clifton, NJ. Financial terms were not disclosed. "This asset is a natural fit in our portfolio and we are excited to expand our relationship with two of the most prominent healthcare providers in New Jersey. We are committed to ensuring this facility continues to serve as a location where the citizens of Clifton and surrounding communities can go to receive the highest quality of healthcare in the area," David B. Rendina, Rendina Executive Vice President.

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