BGL Real Estate Partners Announce the Sale of the Oklahoma Center for Orthopaedic & Multi-Specialty Surgery Center
Chicago, IL – October 10, 2017 – BGL Real Estate Partners (BGLREP), a division of Brown Gibbons Lang & Company (BGL), is pleased to announce the real estate sale of the Oklahoma Center for Orthopaedic & Multi-Specialty Surgery Center, located in Oklahoma City, Oklahoma a publicly-traded healthcare REIT. BGLREP’s National Healthcare Real Estate team served as the exclusive advisors to the sellers in the transaction.
The Oklahoma Center for Orthopaedic & Multi-Specialty Surgery Center portfolio (OCOM Portfolio) consists of three medical facilities totaling approximately 100,400 square feet that are strategically located to serve the residents of both northern and southern Oklahoma City. The OCOM Portfolio is 100% occupied and consists of a short-stay surgical hospital) and physical therapy center that is a part of the Oklahoma Center for Orthopaedic & Multi-Specialty Surgery Center Medical Plaza located in southern Oklahoma City, and an ambulatory surgery center located in northern Oklahoma City.
The Oklahoma Center for Orthopaedic & Multi-Specialty Surgery (OCOM) is Oklahoma City’s premier hospital for orthopedic specialists and is physician-owned in partnership with INTEGRIS and United Surgical Partners International. The state-of-the-art facilities enable the surgeons of OCOM to perform procedures in the areas of general surgery, gastroenterology, gynecology, ophthalmology, orthopedic, pain management, plastic surgery, podiatry, and spine. For increased patient convenience, OCOM has three imaging facilities located throughout Oklahoma City, a physical rehabilitation facility connected to the Hospital, a lab that is located adjacent to the Hospital, and an ancillary ambulatory surgery center that serves the residents of northern Oklahoma City.
In addition to the sale of the OCOM Portfolio, BGLREP’s National Healthcare Real Estate team also served as the exclusive advisors to Healthcare Partners Investments, LLC and its member physicians in the sale of a portfolio of nine (9) healthcare properties, including two short-term acute care hospitals, one ambulatory surgery center, and six supporting medical office buildings that was completed in 2016. More recently, BGLREP represented Texas Spine & Joint Hospital, the premier physician-owned short-term acute care hospital in East Texas with the sale of their 169,000 square foot hospital, which closed during the fourth quarter of 2016.
BGLREP has completed 40 healthcare real estate sale transactions over the past 24 months for a total value of nearly $750 million. BGLREP’s National Healthcare Practice specializes in representing and advising owners of healthcare real estate through a variety of transaction structures, including tax-deferred transactions, such as an UPREIT or a §1031 like-kind exchange, as well as an outright sale or equity recapitalization that enables owners to capitalize on current investment demand and historically high valuations while retaining a reduced level of real estate ownership.