LOUISVILLE— Matthews™, a commercial real estate investment services and technology firm, is pleased to announce the successful sale of a three-property Class A medical office portfolio totaling 48,000 SF. Matthews™ Senior Vice President & Senior Directors Rahul Chhajed and Michael Moreno, Vice President & Director Tyler Swade, and Vice President & Associate Director Kyle Mackulak represented the seller in the transaction, with Kyle Matthews as the broker of record.

 

The assets are fully leased to Southern Ear, Nose, Throat, and Allergy (SENTA), a prominent physician-led ENT and Allergy platform supported by Shore Capital. The portfolio was sold on behalf of Advanced ENT & Allergy, a flagship practice within the SENTA platform. Matthews™ executed a targeted and competitive marketing process that resulted in an exceptional outcome for the physician owners.

 

“These MOBs were Class A facilities constructed pre-COVID and offered the marketplace an opportunity to acquire assets at prices that today would be considered below their replacement costs,” said Rahul Chhajed, Senior Vice President & Senior Directors at Matthews™. “Coupled with the lessee being a dominant ENT practice in the region and its integration within the SENTA platform, the portfolio drew strong investor interest. The process was highly collaborative between the seller, broker, and buyer, which was a key ingredient for achieving a successful outcome. Congratulations to everyone involved.”

 

Constructed within the past decade, the buildings exemplify high-quality, pre-COVID Class A medical office product and provided the buyer with a compelling basis at acquisition. The portfolio benefits from NNN lease structures, annual rent escalations, and a weighted average lease term exceeding 10 years.

 

The seller successfully monetized its real estate following an M&A transaction, while the buyer added a portfolio of institutional-quality healthcare assets to an already strong holdings base. The transaction was completed with the initial buyer selected, underscoring the strength of the offering and execution.

 

“From the outset, the objective was to create a clean, efficient process that highlighted the stability and scalability of the portfolio,” said Michael Moreno, Senior Vice President & Senior Director at Matthews™. “Healthcare investors continue to seek certainty, and this offering delivered through long-term tenancy, predictable cash flow, and a streamlined transaction. Selecting the initial buyer and closing without disruption speaks to both the quality of the assets and the discipline of the execution.”

 

For more information, please visit www.matthews.com.

 

Kyle Matthews License No. RC52200195 (IN), 239410 (KY)

 

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.