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Broad St. Advisors partners with Clarion to buy medical buildings.


Broad Street Advisors, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 of New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 announces the formation of a joint venture relationship between ING Clarion Partners and Montecito Medical Investment Company to acquire Medical Office Buildings across the country.

The two companies have already closed on their first traunch of acquisitions totaling 466,000 square feet and $90.6 million. Included in this first traunch are: El Dorado El Dorado, legendary country of South America
El Dorado (ĕl`dərä`dō, –rā`–) [Span.,=the gilded man], legendary country of the Golden Man sought by adventurers in South America.
 in Tucson, Arizona, Vero Beach Medical Suites in Vero Beach, Florida Vero Beach is a city in Indian River County, Florida, USA. According to the U.S. Census Bureau's 2006 estimates, the city had a population of 19,916.[2] It is the county seat of Indian River CountyGR6. , Gwinnett Medical Office in Lawrenceville, Georgia and Knoll I & II in Columbia, Maryland.

Broad Street Advisors arranged the equity for Montecito Medical Investment Company, an affiliate of Montecito Property Company. Robert Rizzi, Executive Vice President and partner at Broad Street, handled the transaction.

"Montecito has emerged as one of the preeminent medical office investors in the country. There was significant interest in forming this platform, given the appeal that this segment has garnered recently within the institutional market", said Rizzi.

Broad Street Advisors provides commercial real estate advisory services advisory services

advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal
 to institutions and high net worth corporations.
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Title Annotation:FINANCE
Comment:Broad St. Advisors partners with Clarion to buy medical buildings.(FINANCE)
Publication:Real Estate Weekly
Date:Mar 21, 2007
Words:168
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