In The News | Oak Street Health Portfolio Sells for $19M

Colin O'Malley
Jon Morgan

CHICAGO—Synergy Construction Group has sold a 6-facility Oak Street Health portfolio for $19.1 million, according to public records. The freestanding medical clinics were purchased by Turner Impact Capital on behalf of its Turner Healthcare Facilities Fund.

“After running a competitive bid process, we were able to procure an out-of-state fund buyer that was drawn to this portfolio for two reasons: the strong growth of the tenant, and the alignment with its social-impact investment strategy,” said Jon Morgan, co-founder and managing principal at Interra Realty, who brokered the deal with Director Colin O’Malley. “The social-impact strategy was ultimately what set them apart from the pack of other interested parties.”

Read article: Globe St.