Stockdale Capital Partners Acquires Banner Health properties in Phoenix Southeast Valley

Outpatient clinics in Mesa, Queen Creek, and Gilbert have opportunities for expansion to meet rising demand for outpatient healthcare

LOS ANGELES – February 7, 2024 –Stockdale Capital Partners (“Stockdale”), a Los Angeles-based, vertically-integrated real estate investment firm, announced it acquired three Banner Health properties in the Phoenix metro area. The three medical office buildings, located in Mesa (20,400 square feet), Queen Creek (39,500 square feet), and Gilbert (20,400 square feet), will be leased back by Banner Heath who will continue to provide medical services. Banner Health is the largest integrated health system in Arizona. JLL Capital Markets represented the seller, Banner Health, and also represented Stockdale in obtaining acquisition financing.

“Stockdale is pleased to partner with Banner Health on the acquisition of these three medical office buildings. This acquisition will allow us to support Banner’s continued care delivery in these rapidly-growing markets” said Andrew Saba, Managing Director, Healthcare at Stockdale Capital Partners. “Our dedicated Healthcare Fund will continue to look for attractive real estate investment opportunities across the country as demand for outpatient healthcare increases.”

This acquisition is the second purchase made through Stockdale’s recently launched, open-ended healthcare fund. The fund has now acquired four medical office buildings since inception, with an active pipeline of properties across the United States.