InterMed Medical Office Building

InterMed was acquired as part of Davis’ strategic expansion into various high-quality markets across the nation in 2020 when they launched the Davis Medical Investors fund. InterMed represents one of the 17 transactions within this fund’s 753,000 square foot portfolio, which collectively represents $275 million in AUM. As a stabilized asset with long WALT, it aligned with Davis’ investment criteria targeting strategically located, Class A medical buildings with high acuity tenancy.

This compelling mixed-use opportunity featured Maine’s largest independent physician group alongside a general office tenant, with structured parking in downtown Portland—a scarce and highly valuable commodity in this land-constrained market. Davis’ strategic business plan focused on converting the general office space to medical use while facilitating InterMed’s expansion throughout the building, leveraging our expertise in value creation through targeted facility improvements.