MILWAUKEE, December 31, 2018 – Hammes Partners, a private equity firm focused exclusively on the U.S. healthcare real estate market, has announced the completion of the $400 million sale of the Hammes Medical Office Portfolio, a 979,000-square-foot, geographically-diverse collection of 23 Class A medical outpatient properties affiliated with top health systems and other providers in nine states.

The seller, Milwaukee-based Hammes Partners, is a highly respected institutional private equity firm exclusively focused on healthcare real estate. Welltower, a leading global provider of health care infrastructure, acquired the portfolio.

“Prospective investors were attracted to this carefully curated portfolio of high-quality outpatient assets,” said Mindy Berman, Managing Director of JLL Healthcare Capital Markets, who handled the sale on behalf of the seller.  “Selling points include the portfolio’s alignment with major health systems, durable income and locations in strong metro markets.”

The properties are located in 12 metro markets in the following states: Virginia, Washington, North Carolina, Illinois, New York, New Jersey, Pennsylvania, Alabama and Texas.

Hammes Partners is complemented by a suite of services offered by its affiliates, including Hammes Company Healthcare, a nationally recognized leader in the healthcare real estate services and advisory industry that was founded in 1993.  The firm conducted the final closing of Hammes Partners III, LP in December 2017 on its hard cap, with $687 million of commitments.  Investors in the Fund include endowments, foundations, pension funds, insurance companies, fund of funds, investment and wealth managers, and family offices.