Greene Park Capital Sources and Closes Acquisition of East New York Health Hub Alongside Canadian Capital Partner
- Jul 29
- 2 min read
Greene Park Capital Sources and Closes Acquisition of East New York Health Hub Alongside Canadian Capital Partner
US$90 million acquisition of purpose-built Brooklyn medical outpatient facility demonstrates Greene Park's partner-tailored sourcing, underwriting, and execution model.
CHICAGO, IL — July 29, 2026 — Greene Park Capital today announced the closing of the East New York Health Hub, a 142,249-square-foot, seven-story, purpose-built medical outpatient facility at 101 Pennsylvania Avenue in Brooklyn, New York, advised alongside its capital partner for a purchase price of US$90 million (C$127 million).
The transaction closed on July 23, 2026.
Completed in 2019, the Property is fully leased to AdvantageCare Physicians New York, one of New York's largest integrated primary and specialty care networks, serving approximately 500,000 patients across the five boroughs, with approximately 11 years of lease term remaining. The building houses essential outpatient services including oncology, cardiology, surgery, radiology, and diagnostic care in one of Brooklyn's fastest-developing neighborhoods.
A Model Built Around Its Capital Partners
The acquisition reflects how Greene Park Capital operates: working and investing alongside best-in-class capital partners who rely on the firm's expertise to source, underwrite, execute, and close — with each mandate tailored to the partner's investment criteria, whether the strategy is a long-term hold or a shorter-duration play.
“This is a great example of what healthcare real estate keeps delivering for investors in this market — a single tenant providing essential medical services to its community, under a long-term lease,” said Carrie Hiebeler, Chief Executive Officer of Greene Park Capital. “Our partners lean on us for proprietary deal flow, underwriting discipline, and hands-on execution from LOI to closing, matched to how they want to deploy capital. We are proud to have delivered exactly that here, and grateful to our capital partner for their conviction and partnership.”
About Greene Park Capital
Greene Park Capital is a healthcare and specialty real estate investment firm that sources, underwrites, and executes acquisitions alongside institutional capital partners in North America and Europe. Combining proprietary deal flow with disciplined, evidence-led due diligence, Greene Park tailors each engagement to its partner's strategy — from long-term core holdings to value-driven opportunities — and provides hands-on execution from letter of intent through closing.
Media Contact:
Greene Park Capital
Carrie Hiebeler
847-644-2344
This release contains statements drawn from the acquirer's public announcement of July 23, 2026. Greene Park Capital · 2026-07-27
