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Highlights
IRA Capital bought a medical office ground lease for $56 million in Chicago's Lakeview neighborhood from Healthcare Realty Trust.
The property at 3000 North Halsted is operated by Advocate Health Care, which is undergoing a massive $645 million expansion and renovation project of its Northside campuses.
The deal is seen as a signal of growing interest in the medical office market, which offers a potential refuge for investors due to factors like an aging population and low supply.