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In 2022, our Diversified Property business expanded its MedProperties partnership to invest more capital into high-quality medical office buildings across the US. Most recently, our partner MedProperties acquired the Mississippi Valley Health Campus in Davenport, Iowa, through its joint venture vehicle with Grosvenor.
The 120,000 sq ft medical office building campus is 91% let, with an average lease term of 11 years.
MedProperties actively works with local hospital systems, surgeries, and individual doctors to create a well-balanced ecosystem of complementary health and medical services to serve local communities. Since launching, they have invested in over 23 states acquiring or developing c.4 million sq ft of specialist space.