Capital Square Realty Advisors says investors support healthcare building portfolio

Published July 1, 2015 by Paula C. Squires

Capital Square Realty Advisors in Richmond said Wednesday that investors have fully subscribed its Delaware Statutory Trust investment offering, comprised of two healthcare-related buildings in Mechanicsville and Hartford, Wis.

“Demand for healthcare services continues to grow at a historic pace, making healthcare real estate assets such as these, both fully leased to strong tenants in excellent locations, especially attractive,” Louis Rogers, Capital SquareRealty Advisor’s founder and CEO, said in a statement.

The portfolio includes a built-to-suit, 20,066-square-foot, single-story medical office building that is 100 percent leased to Virginia Women's Center. It’s located at 7515 Right Flank Road, within a mile of Richmond's Memorial Regional Medical Center.

The 2.1-acre property, constructed in 2013, is situated within The Shoppes at Bell Creek, a mixed-use project of office condominiums, office buildings, a veterinary
hospital and retail stores.

The portfolio also includes a 73,756-square-foot building in Wisconsin that’s 100 percent leased to API Healthcare Inc., a GE Healthcare company.