South Florida MOB Portfolio

Jones Lang LaSalle Americas, Inc (“JLL”) is pleased to exclusively offer the leasehold investment opportunity of four value-add South Florida medical outpatient buildings. The Florida Medical Center & North Shore Portfolio (collectively the “Property” or the “Portfolio”) presents investors with four on-campus medical outpatient buildings across two established hospital campuses in Miami-Dade and Broward Counties, two of the fastest-growing healthcare markets in the Sun Belt. Three assets (FMC North, FMC Central, and FMC East) are situated on the campus of Florida Medical Center, a 459-bed acute care hospital in central Broward County. The fourth, North Shore Medical Building, sits on the campus of North Shore Medical Center, a 357-bed acute care facility in eastern Miami-Dade County. On-campus positioning provides a structural demand advantage; hospital-affiliated tenants benefit from direct patient referral proximity. Further, the Portfolio is protected from direct competition, as the Properties comprise 100% of the outpatient space on both hospital campuses. New supply would require buy in from ground lessor and ground up construction in a challenging cost environment.

At 51.6% occupancy and a WALT of 2.8 years, the Portfolio presents a clear path to value creation through lease-up in a regional MOB market defined by low vacancy, an aging and growing patient population, and a persistent undersupply of outpatient space. Miami-Dade and Broward Counties collectively rank among the highest in Florida for adults 65 and older, a demographic that consumes healthcare services at three to four times the rate of the general population and represents the primary driver of outpatient medical demand.