Seavest Healthcare Properties partnered with Nuveen Real Estate in a $1 billion transaction to recapitalize part of its medical office portfolio, enhancing their collaboration in the healthcare real estate sector.

Information on the Target

Seavest Healthcare Properties, LLC, based in New York City and White Plains, is a prominent healthcare real estate investment management firm operating under the Seavest Investment Group, LLC. The firm specializes in investing in high-quality medical office buildings and outpatient facilities across the United States. In December 2021, Seavest engaged in a significant transaction involving the recapitalization of a segment of its medical office portfolio alongside Nuveen Real Estate.

This approximately $1 billion deal underscores Seavest's commitment to expanding its real estate footprint within the healthcare sector and enhancing its capabilities to serve health systems and physician tenants.

Industry Overview in the U.S.

The medical office building sector in the United States has witnessed substantial growth, driven by a combination of increasing demand for healthcare services and the ongoing tran