Real estate firm Cornerstone Cos. made a nearly $60 million acquisition across six states that included a multispecialty surgery center, the Indianapolis Business Journal reports.
What you should know:
1. The acquired portfolio has more than 300,000 square feet of buildings.
2. The portfolio includes a 111,000-square-foot clinic in Greenville, S.C., a 21,000-square-foot ophthalmology clinic in Paducah, Ky., a 79,000-square-foot hospital in Poplar Bluff, Mo., a 57,000-square-foot clinic in Danville, Ill., a 20,000-square-foot clinic in Eastpointe, Mich., and a 14,000-square-foot ASC in Columbus, Ga.
3. Cornerstone has a 24-property portfolio in 12 states with an annual net operating income of $10.1 million.