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Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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Dallas-based real estate firm buys medical office complex

Velocis, a Dallas-based private equity real estate manager, has purchased a 224,262 square foot medical office complex adjacent to the South Texas Medical Center.

The seven-building Class A complex Legacy Oaks recently underwent extensive capital improvements. It is currently 75 percent leased by a mix of health care providers. Tenants include Baptist Health System, MEDNAX, BB&T, and the Center for Healthcare Services.

Besides physical enhancements, Velocis also plans to bring in new management and refresh the complex’s leasing strategy.

Click here to read the original article: Dallas-based real estate firm buys medical office complex San Antonio Business Journal 7-20-2017

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