Healthcare real estate investment company Mainstreet added $100 million in new development assets in 2011, which it says shows market demand despite a sluggish economy.
The company is currently focusing on building next-generation healthcare campuses across the Midwest, and is set to surpass the past year’s volume in 2012.
Mainstreet has closed or is in the process of closing a total of four properties in the fourth quarter of 2011, which include properties in Springfield, Ill., and Wabash, Mishawaka and Westfield, Ind.
Also in 2011, the company closed on properties in Valparaiso and Marion, Ind.
Mainstreet campuses will include a combination of skilled nursing, assisted living, and Alzheimer’s care.
Looking ahead to 2012, Mainstreet has already identified 10 additional development projects in locations across Indiana, Illinois, Ohio, and other Midwestern states.
Written by Alyssa Gerace