JLL Income Property Trust has acquired a fully leased healthcare facility in Tampa for $21 million, adding to its healthcare allocation in the Tampa Bay market.
The property, located at 3000 University Center Drive, is leased to a National Cancer Institute-designated comprehensive cancer center and sits less than two miles from two of the tenant’s larger hospital campuses.
The acquisition adds to JLL Income Property Trust’s healthcare portfolio as investors continue to favor outpatient medical facilities supported by long-term demographic demand.
A strategic location near Tampa’s major highways
The building sits between I-275 and I-75, providing access across the Tampa metro.
The area surrounding I-75 has seen recent population growth driven by new construction, high incomes and a diverse labor pool. Major employers including USAA, CitiCorp, Coca-Cola, JP Morgan Chase, Progressive Insurance and MetLife, operate nearby.
Healthcare real estate remains a core allocation
Healthcare real estate has been a core component of JLL Income Property Trust’s strategy since its inception in 2012.
As of November 30, 2025, healthcare assets accounted for 9% of the trust’s approximately $7 billion portfolio, totaling $626 million across 24 healthcare properties nationwide.
“3000 University Center is an attractive addition to our healthcare allocation,” said Allan Swaringen, president and CEO of JLL Income Property Trust. “With construction costs rising due to inflation and tariffs and the unique infrastructure needs of medical outpatient buildings, limited supply has led healthcare tenants to exhibit high retention rates.”
Swaringen pointed to broader demographic trends supporting continued investment.
“An aging population and increased healthcare spending in the U.S. have contributed to strong demand for these properties,” he said. “3000 University Center combines a strong tenant profile with a thriving location for healthcare in the Tampa Bay area, making it a strategic investment for us.”
Why it matters
The deal highlights continued investor interest in healthcare real estate as a stable asset class, particularly for properties with specialized buildouts and long-term tenants.
Fully leased outpatient medical buildings are often viewed by investors as offering predictable income and durability, supported by demographic trends such as population growth and rising healthcare utilization.
For Tampa Bay, the acquisition reflects confidence in the region’s role as an expanding healthcare market that continues to attract national capital.