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Tuesday, Feb 7, 2023
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San Diego Developer Sells $915 Million Portfolio

Nationwide Health Properties Inc. acquired 18 medical office buildings in six states from Pacific Medical Buildings LLC. Newport Beach-based Nationwide released the news Feb. 25.

The $915 million portfolio includes at least two San Diego County properties , Sharp Rees-Stealy in Chula Vista and Pomerado Outpatient Pavilion in Poway, according to Kim Cochrane, senior vice president of corporate market at Pacific Medical Buildings. The other properties are located in California, Washington, Nevada, Oregon, Hawaii and Arizona.

Pacific Medical Buildings is a San Diego-based developer of health care facilities. It has offices in Phoenix, Portland, Ore., Los Angeles and Honolulu and employs a staff of 80, according to the company Web site.

The deal also gives Nationwide Health Properties a 50 percent interest in a property management company and partnerships in possible future medical office building developments with Pacific Medical Buildings.

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, Jaimy Lee

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