$8,500,000
JV Equity
73,564 SF Medical Office
Pasadena, CA
HRC secured an $8,500,000 joint venture equity investment for the acquisition of a two building, 73,564 sf medical office building located in the heart of Pasadena. The purchase price was $21,500,000 and the property was 80% occupied at the time of acquisition. The investment represented 90% of the required equity and was made by an institutional investment management firm.