Lincoln Property Company and PGIM complete acquisition of St. Joseph Medical Pavilion. Lincoln Property Company, a globally recognized full-service real estate firm, has partnered with PGIM to acquire the St. Joseph Medical Pavilion, a premier outpatient medical facility located in Denver. This strategic acquisition highlights both firms' continued focus on expanding their healthcare real estate portfolios, particularly in high-growth urban markets supported by strong demographic and healthcare demand. The St. Joseph Medical Pavilion is a modern, five-story, Class A outpatient medical building encompassing approximately 99,503 square feet. Delivered in 2020, the facility is situated on the campus of St. Joseph Hospital, which is operated by Intermountain Health. Its location within Denver's Uptown Medical District - widely regarded as one of the city's most prominent healthcare corridors - adds to its strategic significance. Notably, this district is the only officially designated medical district in downtown Denver, making it a highly desirable hub for healthcare providers and related services. The acquisition reflects Lincoln Property Company's commitment to strengthening its national healthcare investment platform while deepening its presence in the Mountain West region. According to Alastair Barnes, Vice President of Healthcare Investments at Lincoln, the property stands out due to its modern infrastructure, high-quality institutional tenancy, and strong lease-up potential. These factors position the asset to generate consistent, long-term performance while meeting the evolving needs of healthcare providers and patients alike. For PGIM, the acquisition aligns with its broader investment thesis that prioritizes sectors with strong, needs-based demand and long-term growth drivers. As one of the world's largest real estate investment managers, PGIM views outpatient medical facilities as a high-conviction sector. This perspective is supported by several macro trends, including an aging population, increased demand for accessible healthcare services, and the ongoing shift from inpatient to outpatient care delivery models. Soultana Reigle, Managing Director and Head of U.S. Equity for PGIM's real estate business, emphasized the resilience and stability of the medical outpatient sector. She noted that such assets typically benefit from consistent demand, stable income streams, and defensive characteristics across economic cycles. The St. Joseph Medical Pavilion exemplifies these qualities, offering a high-quality environment where leading healthcare providers can deliver advanced care in a convenient and patient-focused setting. The partnership between Lincoln and PGIM is also a key component of PGIM's core-plus investment strategy. This approach focuses on acquiring high-quality assets with the potential for incremental value creation, often through leasing opportunities or operational enhancements. By investing alongside experienced operating partners like Lincoln, PGIM aims to capitalize on emerging opportunities in alternative real estate sectors such as medical outpatient facilities and senior housing. Currently, the St. Joseph Medical Pavilion is approximately 82% leased, with a diverse and reputable tenant mix. The building houses Intermountain Health as well as a range of leading physician groups specializing in cardiology, oncology, pediatrics, ear, nose, and throat (ENT), and dentistry. This variety of specialties reinforces the building's role as a comprehensive outpatient hub within the Uptown Medical District, providing patients with convenient access to multiple healthcare services in a single location. Brian Bacharach, Executive Vice President at Lincoln Property Company, highlighted the property's strong alignment with the firm's healthcare investment strategy. He pointed to its on-campus location, high-quality construction, and position within a tightly supplied medical district as key factors that make it an attractive addition to Lincoln's portfolio. The strength of the tenant base, combined with long-term demand drivers in the area, further enhances the property's investment appeal. Lincoln Property Company has an established presence across Denver and the broader Mountain West region, and this acquisition reinforces its strategy of targeting high-quality medical assets in markets characterized by population growth and increasing healthcare demand. By focusing on assets that support leading healthcare providers, the firm aims to deliver real estate solutions that enhance patient care while generating sustainable returns for investors. More broadly, the acquisition underscores the growing importance of healthcare real estate as a distinct asset class within the commercial real estate sector. As healthcare delivery continues to evolve, outpatient facilities like the St. Joseph Medical Pavilion are becoming increasingly critical. They offer greater convenience for patients, lower operational costs for providers, and the flexibility needed to accommodate advancements in medical technology and treatment methods. Lincoln Property Company is one of the largest privately held real estate firms in the United States, offering a fully integrated platform of services that spans the entire real estate lifecycle. The company supports a wide range of asset types, including office, multifamily, life sciences, retail, industrial, data centers, production studios, healthcare, government, universities, and mixed-use developments. Its operations extend across the United States, the United Kingdom, and Europe. With a combined management and leasing portfolio exceeding 720 million square feet of commercial space on behalf of institutional clients, Lincoln continues to play a significant role in shaping the global real estate landscape. Its partnership with PGIM on the St. Joseph Medical Pavilion acquisition demonstrates a shared commitment to investing in high-quality, future-ready assets that meet the needs of both tenants and communities. As demand for accessible, modern healthcare facilities continues to rise, investments like this are expected to play a crucial role in supporting the delivery of high-quality care while driving long-term value creation in the real estate sector.

Private equity firm acquires majority stake in independent physician group. By: Cameron Cortigiano Fort Walton Beach, Fla.-based White Wilson Medical Center, an independent physician group, has received an investment from Kain Capital, a private equity firm. The organization has more than 70 providers and nine clinic locations, making it the largest independent physician group in the region, according to a March 30 news release from Kain Capital. The funding will help with provider recruitment, clinic expansion and geographical growth in Florida. White Wilson Medical Center will also continue its transition to value-based care with the investment. In addition, Brad Logan has been named CEO of White Wilson Medical Center. He previously served as CEO of US Eye and COO of Complete Health. White Wilson Medical provides care to more than 95,000 patients through its integrated care model each year, the release said. At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now. Rethinking revenue cycle: from fragmented workflows to a unified operating model. Recommended Live Webinar on May 7, 2026 12:00 PM - 1:00 PM CDT Next up in ASC news. * Why ASCs are watching NewYork-Presbyterian's anticompetitive lawsuit The Justice Department has accused NewYork-Presbyterian, a New York City health system, of stifling competition through restrictive payer contracts that... By: Patsy Newitt * Intermountain Health outpatient building acquired by real estate firms Lincoln Property Company and PGIM, two real estate firms, have acquired an outpatient medical building in Denver. The St. Joseph... By: Cameron Cortigiano * Maryland eye practice acquired Annapolis, Md.-based Vision Innovation Partners has acquired Frederick Eye Institute, a comprehensive ophthalmology practice in Frederick, Md., according to a... By: Patsy Newitt

Woodfield JV starts work on charleston-area townhome community. The 114-unit property is part of a sprawling master-planned campus. A joint venture between Woodfield Development and PGIM have started construction on Nexton Townhomes, a 114-unit build-to-rent community in the Nexton master-planned development of Summerville, S.C. Construction is scheduled to conclude in late 2027. Pinnacle is providing financing for the development, which will include floorplans ranging from two to four bedrooms and sizes of 1,788 to 2,401 square feet. Homes will include quartz countertops, stainless steel appliances, tile backsplashes, walk-in showers and closets. Certain homes will also offer private yards. Housing Studio is the architect for the Nexton Townhomes, Center Park Group is the project's general contractor, S. Wilkins Interior Design is managing apartment interiors and Seamon Whiteside is overseeing civil engineering and landscape architecture. Located at 14000 Metropolitan Ave., Nexton Townhomes will rise in the downtown section of the Nexton master-planned development. At full buildout, the larger property will include 8,500 single-family homes and multifamily units, more than 700 acres of commercial space and 15 miles of walking trails. The site is just off Interstate 26, near the thoroughfare's traffic intersection with U.S. Route 17. Downtown Charleston is 24 miles to the southeast. Woodfield expands its Charleston reach. Nexton Townhomes represents Woodfield's 20th community in the Charleston, S.C., region, according to the firm. Over the past 20 years, the developer has delivered more than 4,600 residences across the region, totaling more than $1.2 billion in development. The new townhome community expands on Woodfield's The Radler development, a 323-unit apartment community also in Nexton. That community came online in 2025, and Woodfield later secured a $62 million senior loan from PCCP for the asset. Residents of Nexton Townhomes will have access to The Radler's community amenities, which include a pool, rooftop lounge, fitness center and spin studio, along with pickleball courts, gas grills and an outdoor amphitheater. Another Charleston project completed in November 2025, when a joint venture between Woodfield and Simpson Housing opened The Henslow Daniel Island, a 163-unit upscale community. That property is part of the Daniel Island master-planned development.