Archer Property Partners acquired a three-building outpatient medical office portfolio in Orange County, Calif.
The properties, located in Rancho Santa Margarita, Mission Viejo and Costa Mesa, are anchored by Fountain Valley, Calif.-based MemorialCare, which previously held a minority stake in the facilities through a joint venture, according to a March 16 news release from the real estate firm.
Each site serves as a community-based primary care clinic within MemorialCare’s care network. As part of the deal, MemorialCare signed a long-term lease at the Rancho Santa Margarita location, where 5,000 square feet of space is now available…