Alternative investment firm GI Partners has launched a new venture, UDLR Healthcare, focused on investments in medical outpatient buildings (MOBs), in partnership with a team of former executives from Healthcare Trust of America (HTA).
HTA was one of the largest integrated owner and operators of MOBs in the United States prior to its sale in July of 2022.
UDLR Healthcare will actively seeks investment opportunities in high-quality medical outpatient buildings across key markets, with a focus on delivering value to both healthcare providers and investors. An identified initial property investment is expected to close in December 2023.
The HTA executives are long-time CFO Robert Milligan, who serves as UDLR Healthcare’s CEO, Todd Sloan, Olivia Waalboer, Jeff Spiller, and Austin Brooker, who have extensive experience in MOB investing, asset management, property operations, and construction and design.