February 22, 2024 11:35 pm
Stockdale Capital Partners Purchases Three Banner Health Properties in Arizona

Banner Health, a nonprofit health system headquartered in Phoenix, has recently sold properties that house outpatient clinics to Stockdale Capital Partners, a real estate investment firm based in Los Angeles. The properties acquired 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 Capital Partners 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. The firm has revealed plans for a pipeline of additional properties across the U.S., with Andrew Saba, managing director of healthcare at Stockdale stating that his dedicated Healthcare Fund will continue to pursue opportunities for attractive real estate investments as the demand for outpatient healthcare continues to rise.

Banner Health 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. According to a spokesperson for Banner Health, 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.

Leave a Reply