Healthcare real estate investments continue to be a bright spot amongst all investment classes, and Cornerstone Funds continue to outperform NARIET averages and other key investment indices. The development is fully leased to EyeCare Partners Kentucky.
Cornerstone initiated the development of a new, state-of-the-art, ophthalmic ambulatory surgery center totaling 9,650 sf located in Elizabethtown, KY that will be completed in the summer of 2020.Nova Med Surgery Center | 519 State St, New Albany, INĪ 22,796-sf ambulatory surgery center and ophthalmology clinic that is fully leased to EyeCare Partners Kentucky, the largest eye care practice in the state of Kentucky.Two clinics totaling 28,598 sf that are both fully leased to the leading cardiovascular practice in western Tennessee. Heart and Vascular Center of West Tennessee Clinics | 17 Center Plaza Dr, Jackson, TN and 9486 Highway 412, Lexington, TN.Owensboro Dermatology Associates Clinic | 2821 New Hartford Road, Owensboro, KYĪ 17,641-sf clinic that is fully leased and operated by the largest dermatology practice in the greater Louisville-Owensboro region.
Trinity Health Endoscopy Center | 1805 Sinclair Ave, Steubenville, OHĪn 8,605-sf endoscopy center that is fully leased and operated by Trinity West Hospital, a wholly owned subsidiary of CHI.Over the past three years, Cornerstone has established four MOB funds which have invested more than $84 million in the acquisition of healthcare real estate assets.Ĭornerstone MOB Fund IV is comprised of the following properties: The properties were acquired by Cornerstone MOB Fund IV, a private equity fund focused solely on medical real estate. recently announced the purchase and development of six healthcare real estate properties totaling more than 87,000 sf in Indiana, Kentucky, Ohio and Tennessee for a total of $23.9 million. INDIANAPOLIS – Cornerstone Companies, Inc.
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