Global Medical REIT buys 3 Arizona medical office buildings — 3 insights

Global Medical REIT purchased three medical office buildings in Chandler, Ariz., and Gilbert, Ariz., for $16.1 million from a local gastroenterology practice, Rebusiness Online reports.

What you should know:

1. Global Medical REIT acquired 39,305 square feet in the transaction.

2. The buildings house two endoscopy centers. One center is a joint venture between San Francisco-based Dignity Health and Addison, Texas-based United Surgical Partners International.

3. The gastroenterology practices will continue to operate out of the buildings after the sale closes.

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