Richmond Medical Office Campus
Operating Partner with previous relationship with Zitelman Partners needed an additional $3,000,000 in equity. Operating Partner was confident that Zitelman Partners would be there at closing, as they had several times before. Zitelman Partners has done seven deals with this Operating Partner with total equity invested by Zitelman Partners and its Investor Partners of over $11 million.
Status:
The property was sold in 2025, resulting in a 1.5x Equity Multiple from distribution and sale proceeds.
Property type
105,741 sf, medical office campus
Location
Richmond, VA
Date of Investment
2020
Total Capitalization
$14,100,000
Total Equity Required
$5,000,000
Total Equity from Zitelman Partners and its Investor Partners
$3,000,000