firm W.P. Carey & Co. through CPA:17-Global, one of its publicly held, non-traded REIT affiliates, has purchased the corporate headquarters of US Oncology in Woodlands, Texas, 30 miles north of Houston. CPA:17-Global purchased the 204,000 sq. ft. facility, which is leased to US Oncology on a long-term basis, for approximately $45 million. US Oncology is affiliated with 1,310 physicians operating in 493 locations in 39 states.
Silverwood Cos. based in Reston, Va., led a group of investors including David Mayhood of McLean, Va., in acquiring The Fields of Westover, a 305-unit low-income apartment community in Falls Church, Va. The new ownership plans to invest about $4 million to renovate the one- and two-bedroom apartments, bringing total acquisition and renovation costs to $35 million. The 12.4-acre property, comprising 60 two-story buildings, was built in 1952.
Ventas has acquired a portfolio of three Class-A medical office buildings totaling 1.6 million sq. ft. for $63.5 million. The buildings are located on hospital campuses of Alexian Brothers Health System and Adventist Health System, serving the major metropolitan markets ofand Denver. Occupancy in the portfolio exceeds 99%. The average remaining lease term is eight years and the average age of the assets is five years.