News Release: Catalyst Healthcare Real Estate acquires multistate healthcare real estate portfolio
August 6, 2018 Pensacola, FL – Catalyst Healthcare Real Estate (“Catalyst HRE”), a leader in healthcare real estate, has completed the acquisition of a 21-property healthcare portfolio with a total cost of approximately $150 million (the “Portfolio”). The Portfolio spans 8 states and is 95% leased, totaling 530,182 square feet. This is Catalyst HRE’s largest […]
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News Release: Healthcare Trust of America, Inc. Announces Greenville, SC Medical Office Sale Agreement
News Provided by Healthcare Trust of America, Inc. Scottsdale, Ariz., Aug. 2, 2018 /PRNewswire/ — Healthcare Trust of America, Inc. (NYSE: HTA) announced today that it entered into an agreement to sell a portfolio of medical office buildings affiliated with Greenville Health System (“GHS”) for $285 million. The portfolio consists of 16 MOBs totaling approximately 856,000 square feet of GLA […]
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Transactions: Largest single-asset MOB sale ever?
LaSalle acquires Memorial Hermann tower for an estimated $405 million By John B. Mugford The 28-story, glass-skinned Memorial Hermann Medical Plaza in Houston is certainly one of the country’s trophy medical office assets. After all, the 510,000 square foot medical office building (MOB) is situated at the gateway of perhaps the world’s best-known medical complex, […]
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Entries now open for sixth annual HREI Insights Awards
Healthcare Real Estate Insights™ magazine announces that entries are now open for the Sixth Annual HREI Insights Awards, recognizing excellence in healthcare real estate. Entries are due Monday, Oct. 1, 2018. About the HREI Insights Awards™ The HREI Insights Awards™ were established by Healthcare Real Estate Insights™ magazine in 2013 to recognize excellence in healthcare real […]
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Industry Pulse: Is your HRE business ready to move beyond the boomers?
Millennials are projected to become the largest U.S. population group next year Anyone who has been involved in the healthcare real estate (HRE) business for even a short time understands that one of the primary factors that makes the sector attractive is demographics, specifically the aging of the baby boom generation. That has certainly […]
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Transactions: Business as usual for Harrison Street
After selling 75% of firm, company resumes it acquisitive ways By John B. Mugford CHICAGO — According to healthcare real estate (HRE) industry sources, it will be business as usual for Harrison Street Real Estate LLC following its recent sale of a 75 percent stake in the company for $450 million to Toronto-based Colliers International Group LLC. […]
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Cover Story: Are you ready for the disruptors?
Healthcare has changed in recent years, but you ain’t seen nothing yet By Connie M. McCaffrey Editor’s note: This is an expanded version of this article that originally appeared in the April 2018 edition of HREInsights magazine. For some time now, healthcare real estate (HRE) professionals have debated what major influences or “disruptors” are significantly impacting […]
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News Release: MedProperties expands healthcare real estate presence in strong Austin, Texas, market
With recent acquisitions in Lakeway, Round Rock and Dripping Springs, the firm’s local portfolio now includes four medical office buildings totaling more than 120,000 square feet AUSTIN and DALLAS, Texas, Aug. 15, 2018 – MedProperties Realty Advisors LLC has strengthened its commitment to the strong, growing Austin market and expanded its presence in the area […]
News Release: Inland Private Capital Sells Four Medical Office Properties
Inland Private Capital Corporation Completes Sale of Medical Office Properties in Illinois and Massachusetts Oak Brook, Ill. (August 14, 2018) – Inland Private Capital Corporation (“IPC”) today announced the sale of four freestanding medical office properties located in Illinois and Massachusetts for a gross sale price of $45.7 million. IPC, through its subsidiary which serves […]
News Release: Avison Young awarded property management contract for 32d Street SurgiCenter in Phoenix
Avison Young to manage recently acquired 10,488-square-foot medical office building Phoenix, AZ – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has been awarded a property management contract for 32nd Street SurgiCenter, a fully occupied, 10,488-square-foot (sf) medical office building in Phoenix. Senior Property Manager Anne Pappas who is based […]
News Release: Matt Bremner joins Bremner Real Estate in Indianapolis
Welcome Matt Bremner to Bremner Real Estate SVP, Operations Matt’s role at Bremner, which dedicates itself to working with healthcare systems and other clients in strategic real estate, will focus on the company’s ongoing operational, financial, and legal needs. A graduate of Vanderbilt University, Matt also has his MBA from the Krannert School of Management at […]
News Release: Flagship Healthcare Trust Acquires Wilmington, North Carolina Medical Office Building
For Immediate Release WILMINGTON, NORTH CAROLINA – August 13, 2018 – Flagship Healthcare Properties (“Flagship”), manager of private REIT Flagship Healthcare Trust, Inc. (“Flagship REIT”), announced today that the REIT has acquired a Class A medical office building in Wilmington, North Carolina. Located at 2800 Ashton Drive, the two story, 21,417 square foot medical office building […]
News Release: Birmingham-Based Leading Healthcare Real Estate Company Announces $24 Million Acquisition in Tulsa, Oklahoma
The Sanders Trust Acquires $24.5 Million Tulsa, Oklahoma Rehabilitation Hospital Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment companies, announced a $24.5 million acquisition in Tulsa, Oklahoma in July 2018. Built in 2017, PAM (Post Acute Medical) Rehabilitation Hospital is a state-of-the-art, 40-bed inpatient rehabilitation hospital. With over […]
News Release: JUST SOLD – Medical Office Building Trades for $15.7 M ($390 PSF) in Chino Hills, CA
Chino Hills Crossroads Professional Center Transaction Summary CBRE’s Investment Properties-So Cal team is pleased to announce the sale of 3110 Chino Avenue located in Chino Hills, CA at a price of $15,700,000 ($390 PSF). The 40,279 SF medical office building was 95% leased at the time of sale. Gary Stache, Anthony DeLorenzo, Doug Mack, Sammy […]
News Release: Transwestern to lease Brookhaven Medical Center II in Metro Atlanta
August 10, 2018 Atlanta – Transwestern’s Atlanta office today announces it has been named the exclusive leasing agent of Brookhaven Medical Center II, a 51,375-square-foot medical office development at 3929 Peachtree St. in Brookhaven, Georgia. Led by Senior Vice President Steve Hall, Transwestern’s growing Healthcare Advisory Services team will market and lease the asset on behalf of a […]
News Release: Mayor Bowser Announces Major Milestone in Partnership with The George Washington University Hospital for New Hospital and Health Services
Partnership Promises First Fully Integrated Healthcare System East of the Anacostia River (Washington, DC) – Mayor Muriel Bowser today announced that her Administration and The George Washington University Hospital (GW Hospital) have signed a Letter of Intent to improve access to high quality healthcare services for Washingtonians, specifically for residents living in Wards 7 and […]
News Release: Welltower Prices $1.3 Billion Senior Unsecured Notes Offering
Toledo, Ohio, Aug. 10, 2018 /PRNewswire/ — Welltower Inc. (NYSE: WELL) today announced that it has successfully priced its offering of $1.3 billion in aggregate principal amount of senior unsecured notes across three tranches with a weighted average maturity of 15.4 years and blended yield to maturity of 4.4%, including $600 million in 3.95% notes due 2023, $200 million in 4.25% notes due 2028, and $500 million in 4.95% […]
News Release: Flagship Healthcare Trust Announces New Senior Secured Credit Facility
Charlotte, North Carolina – AUGUST 9, 2018 – Flagship Healthcare Trust, Inc. (“Flagship REIT”) announced that it has entered into a new secured term and revolving credit facility with Bank of America, N.A. (the “Secured Credit Facility”). This Secured Credit Facility provides the ability to increase Flagship REIT’s borrowing capacity up to $125 million through […]
News Release: UC Davis Announces New Second Hospital on University’s Sacramento Campus
Joint Venture, Inpatient Rehab Hospital Is First Aggie Square Project Sacramento, Calif. – The University of California, Davis, today announced that along with Kindred Healthcare, it will construct and operate a second hospital on its downtown Sacramento campus to provide more inpatient rehabilitation services in Sacramento County. The facility will provide care for twice as […]
News Release: Capital Square 1031 Completes DST Offering of Newly Constructed Dialysis Clinic Near Bakersfield, California
Richmond, Va. (Aug. 8, 2018) – Capital Square 1031, a leading sponsor of Delaware statutory trust investments, announced today that CS1031 California MOB I, DST, comprised of a newly constructed dialysis clinic near Bakersfield, Calif., has been fully subscribed by a total of 16 investors. “This DST investment in California illustrates Capital Square’s ability to […]
News Release: Welltower Announces Promotions and New Structure for Corporate Finance and Asset Management
Toledo, Ohio, Aug. 7, 2018 /PRNewswire/ — Welltower Inc. (NYSE: WELL) today announced the promotion of Shankh Mitra to Executive Vice President and Chief Investment Officer from his current position as Senior Vice President, Investments and the promotion of Tim McHugh to Senior Vice President, Corporate Finance from his current position as Vice President, Finance and Investments. Additionally, Tim Lordan has been […]
