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A joint venture between Altera Fund and TPG Angelo Gordon purchased a 10-asset medical office portfolio for $108 million. NHP sold the collection with Newmark representation. Capital One Bank provided acquisition financing.

The 300,000-square-foot portfolio encompasses properties throughout Arizona, Illinois, Massachusetts, Texas and Tennessee.

Altera’s investment strategy is to acquire value-add MOB assets at a substantial discount to replacement cost. The market for such deals is on an upward trajectory as investor and lender capital availability continues to increase, according to prepared remarks by Newmark Healthcare Capital Markets Senior Managing Director John Nero.