JLL Income Property Trust Acquires Medical Outpatient Center in Roseville
JLL Income Property Trust has acquired the Roseville Outpatient Center for approximately $19 million. The Class A medical facility, located in an affluent submarket of Sacramento, is currently 95% leased with a weighted average lease term of about 12 years and anchored by a major healthcare tenant. The property was fully redeveloped in 2024 to support specialized medical uses and sits near a larger hospital campus. The CEO highlighted growing demand for outpatient care due to demographic shifts, technological advancements, and limited available space in the area as key drivers of long-term value. Healthcare real estate constitutes 10% of JLL Income Property Trust's $7 billion portfolio across 26 properties. This acquisition aligns with its strategy to invest in high-quality income-producing assets.
Topics: healthcare real estate real estate acquisition REITs