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MedProperties and Cypress West Partners form joint venture for value-added acquisition of California medical office building

 

Last updated 4/6/2018 at 11:01am

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The Redhawk Medical Center, located on Temecula Parkway, one block east of Meadows Parkway, has new owners in MedProperties Holdings and Cypress West Realty Partners.

TEMECULA – With a favorable purchase price, immediate cash flow and plenty of upside, the 32,471-square-foot Redhawk Medical Center in Temecula is the most recent "find" for MedProperties Holdings and Cypress West Realty Partners.

MedProperties Holdings, a national health care real estate private equity firm headquartered in Dallas, formed a joint venture for the acquisition with Cypress West, a Rancho Santa Margarita, California-based firm that acquires and manages health care properties.

The Redhawk acquisition, which closed March 15, was the fifth joint-venture acquisition for MedPrope...



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