New player pays $19.9M for portfolio in Mid-Cities area of Dallas-Ft. Worth metro

January 1, 2015

ARLINGTON, Texas – A relatively new player in the MOB sector, one that acquires a variety of commercial real properties for 1031 exchange investors, is making some headway into the healthcare arena.

This new player, Richmond, Va.-based Capital Square Realty Advisors LLC, led by founder and well-known commercial real estate attorney Louis J. Rogers, recently paid $19.9 million, or about $400 PSF, for a two-building portfolio in the cities of Arlington and Mansfield, an area known as the Mid-Cities because it’s about midway between Dallas and Fort Worth.
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