Syndicated Equities Sells NorthShore Medical Office Building

Syndicated Equities is pleased to announce the sale of a 40,800 SF medical office building that is 100% net leased to NorthShore University HealthSystem.

Syndicated Equities recently completed the sale of a property leased to NorthShore University HealthSystem located at 2151 Waukegan Road, Bannockburn, IL. Syndicated originally acquired this asset in December of 2012 and structured its acquisition to accommodate investors completing a Section 1031 exchange. After 10 years of ownership, the property was sold, resulting in an approximate 1.83x equity multiple for investors.

Syndicated Equities provides individuals with institutional quality, commercial real estate investments. Since 1986, the firm has developed an expertise in co-investment ownership, net lease brokerage services, global real estate opportunity funds, and more recently, qualified opportunity zones. To date, Syndicated Equities has made over 100 investments representing over $500 million of equity and $2 billion of total asset value.

For more information please visit www.syneq.com or call (312) 640-9020

ByKatie Donovan
May 19, 2022