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Feature Story: Spring MOB sales volume fell up to 60% amid the pandemic
But NKF says this ‘buying opportunity’ might bring REITs and other investors off the sidelines By John B. Mugford During the past five years, the medical office building (MOB) sector announced its presence among the major types of commercial real estate with annual sales topping $11 billion, according to the major real estate data firms […]
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Feature Story: Encouraging signs for development
InterFace webinar panelists say they’re seeing opportunities pick up again By John B. Mugford Since the onset of the COVID-19 pandemic, most health systems have been forced to put most their efforts into surviving the crisis, leaving little time to think about growing their ambulatory networks and initiating new medical office building (MOB) development projects. […]
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Feature Story: Investors expect a big second half
Still-active MOB buyers discuss the state of the market during InterFace webinar By John B. Mugford After the initial shock of the fallout of the COVID-19 pandemic, it looks as if the healthcare industry, and subsequently the healthcare real estate (HRE) sector, is getting back on track. “We collected 96 percent of our rents (in […]
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Feature Story: Even if there is short-term pain, MOBs are a strong investment
Panelists on a Marcus & Millichap webinar reiterate why they are bullish on the property type NATIONAL — Because medical office buildings (MOBs) have fared rather well during the COVID-19 pandemic, with rent collections remaining very strong for many landlords, capitalization rates, or first-year estimated returns, for the product type have not risen much at all. […]
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Feature Story: MOBs proving ‘resilient’ once again
But senior housing is struggling. That and more from 2020 REITweek event. By Murray W. Wolf and John B. Mugford The annual three-day REITweek conference is the single most important event of the year for securities analysts and others who follow real estate investment trusts. The analysts, along with institutional investors and representatives from sponsoring […]
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Companies & People: Pandemic not stopping IRA Capital
Principal Amer F. Kasm discusses the firm’s activities, prospects in our ‘5 Questions’ format By John B. Mugford Private equity firm IRA Capital, which is based in Irvine, Calif., continues to be one of the most active medical office building (MOB) investors during the COVID-19 pandemic The firm, which has a heavy focus on MOBs […]
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Transactions: MOB sales were healthy in Q1, at $3 billion, according to RCA
Revista data indicates that Q1 sales were $2.5 billion, with the average cap rate of 6.3% By John B. Mugford Although medical office building (MOB) sales are expected to take a hit in the second and third quarters (Q2 and Q3) of this year, they were quite healthy in Q1 as demand for the product […]
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Companies & People: Amid the ‘nightmare,’ MOBs are hanging tough
Five questions with Darryl E. Freling of MedProperties Realty Advisors By John B. Mugford Times are tough for so many people and so many businesses amid this crisis, and yet, despite its share of difficulties, the medical office building (MOB) sector is hanging in there. And while professionals involved in the medical office space express […]
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Industry Pulse: All of our COVID-19 coverage in one place
For your convenience, here are links to most of the COVID-19 coverage HREI has published to date: Feature Story: Recovery could be slower; U-shaped vs. V-shaped REIT Report: REITs reacting to COVID-19, not necessarily buying Feature Story: HRE update from the front lines Feature Story: The MOB market did well during Q1 Feature Story: Your […]
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Cover Story: The invincible MOB
No investment is recession-proof – or pandemic-proof. But medical office buildings come pretty close. By John B. Mugford As the Great Recession of 2007-09 dragged on, the hot topic of discussion in healthcare real estate (HRE) circles was, “Are medical office buildings (MOBs) recession-proof?” Developers, investors, brokers, lenders and others speculated about whether the HRE […]
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March/April 2020 PDF
To prevent unauthorized use of our Federally copyrighted content, Healthcare Real Estate Insights™ uses a three-step process to unlock access to the PDF versions of the Current Editions and Archives: The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click […]
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News Release: Newmark Knight Frank Arranges 28-Acre Land Sale to Dignity Health at Folsom Ranch Corporate Center
FOR IMMEDIATE RELEASE Sacramento, CA (July 6, 2020) — Newmark Knight Frank (“NKF”) has completed a 28-acre land sale to Dignity Health at the Folsom Ranch Corporate Center in California’s Sacramento region for an undisclosed amount. This transaction kicks off the Folsom Ranch Corporate Center, a 240-acre developable land for mixed-use commercial space. Dignity Health […]
News Release: NKF Completes $3.5 Million Sale of 300 East Osborn
FOR IMMEDIATE RELEASE Phoenix, AZ (July 6, 2020) — Newmark Knight Frank (NKF) announces the $3.5 million sale of 300 East Osborn in Phoenix, Arizona. NKF Managing Directors Trisha Talbot and Kathleen Morgan represented the seller, Osborn Physician Properties, LLC, in the sale of the 19,615-square-foot property to Wentworth Property Company. The 100%-leased, multi-tenant property […]
Thought Leaders: GHS Pulse: Post-COVID-19 Provider Strategies
Global healthcare Services Newmark Knight Frank The Pulse: A Healthcare Real Estate Newsletter Over the past few months, health systems and independent practices alike have experienced financial losses due to the COVID-19 pandemic. In this special report, our Global Healthcare Services team outlines specific data points that illustrate the impact of the pandemic on independent […]
News Release: Cornerstone Companies, Inc. MOB Fund V Spends $59.9 Million to Acquire 9 Medical Properties in Six States
Cornerstone has acquired 9 healthcare real estate properties in six states totaling more than 300,000 square feet. The properties were acquired for $59.9 million by Cornerstone MOB Fund V, a private equity fund focused solely on medical real estate. Cornerstone is the fund’s general partner. The Fund V portfolio assets include: The Eye Institute of […]
News Release: MedProperties and Catalyst to develop MOB in new Naples, Fla. mixed-use development
The 35,000 square foot Founders Square medical office building is 100% pre-leased and will fit a national trend of locating more low-acuity health services in high-visibility retail locations NAPLES, Fla. and DALLAS, June XX, 2020 – MedProperties Realty Advisors LLC and Catalyst Healthcare Real Estate have teamed to develop a medical office building (MOB) in […]
News Release: Just Sold: 100% Leased, Multi-Tenant Medical Office Building (Phoenix, Ariz.)
JUST SOLD! 300 E Osborn Road, Phoenix, AZ 85012 100% Leased, Multi-Tenant Medical Office Investment Property Sale Price: $3,429,000 Sale Date: 6/19/2020 $175 Psf 19,615 Sf Generated multiple offers Newmark Knight Frank FOR INFORMATION, PLEASE CONTACT: Trisha Talbot Managing Director 602.952.3880 ttalbot@ngkf.com Kathleen Morgan Managing Director 602.952.3815 kmorgan@ngkf.com The full content of this article is […]
Thought Leaders: Hilco report points to disruptive change ahead for health care real estate market
Jun 30, 2020 Hilco Global has issued a timely and relevant report examining how the COVID-19 pandemic is reshaping the configuration of critical and other care facilities, and what that is likely to mean for hospitals and the broader health care real estate market moving forward. Appraisal Considerations Shifting as COVID-19 Disrupts Health Care Delivery, […]
Thought Leaders: New AHA report: Losses deepen for hospitals & health systems
Catastrophic Financial Impact of COVID-19 Expected to Top $323 Billion in 2020 WASHINGTON — A new AHA report released today finds that the immense financial strain facing hospitals and health systems due to COVID-19 will continue through at least the end of 2020, with patient volume expected to remain well below baseline levels. The report estimates […]
News Release: IRA Capital expands Medical Office Portfolio with Pennsylvania and Florida Acquisitions
June 29, 2020 – Southern California private equity firm IRA Capital (“IRA”) is pleased to announce the acquisition of two ambulatory surgery center facilities in the Florida and Pennsylvania markets. The Pennsylvania property is leased to Pocono Ambulatory Surgery Center (“PASC”), a multi-specialty surgery center operated by Surgical Care Affiliates (“SCA”) in partnership with Lehigh […]
Thought Leaders: Patients Strongly Prefer Off-Campus Healthcare Experiences
New Independent Market Research Commissioned by Physicians Realty Trust NEWS PROVIDED BY Physicians Realty Trust Jun 29, 2020, 16:18 ET MILWAUKEE, June 29, 2020 /PRNewswire/ — In an effort to uncover critical insights into patient behavior and serve as thought leaders within the healthcare real estate industry, Physicians Realty Trust (the “Company”) commissioned an independent survey in five […]
News Release: Franklin Street Brokered Financing of Physicians Medical Center in Baton Rouge, La.
PUBLISHED: JUN 24, 2020 Medical Office and Hospital Financing for $12.4MM Tampa, FL (June 16, 2020) – Franklin Street has brokered the acquisition and renovation financing of Physicians Medical Center, a hospital and medical office building located in Baton Rouge, LA. Franklin Street’s Capital Advisory team Ben Miller and Casey Siggins represented the buyer New Era Companies, in the $12.4MM […]
News Release: Just Closed – The Everett Clinic Founders Building
CBRE Capital Markets | Healthcare and Life Sciences Just Closed The Everett Clinic Founders Building Everett, WA Sale Date: 6/12/2020 Property Size: 69,169 SF Occupancy: 100% CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of The Everett Clinic Founders Building (the “Property”), located in Everett, Washington. Chris Bodnar, Lee Asher, Ryan Lindsley, […]
News Release: Johnson Healthcare Real Estate Begins 101,000-Square-Foot Medical Office Building in Austin, TX
FOR IMMEDIATE RELEASE June 23, 2020 Birmingham, Ala. — Johnson Healthcare Real Estate, a Birmingham, Alabama-based development, project management, and real estate services firm, recently broke ground on a new 101,000 medical office building in Austin, Texas. The building, along with a 290-space parking garage, will be located at Lamar Boulevard and 32nd Street on the […]
News Release: Just Closed – Hughston Clinic Orthopaedics & Surgery Center
CBRE Healthcare Capital Markets | Healthcare JUST CLOSED HUGHSTON CLINIC ORTHOPAEDICS & SURGERY CENTER Nashville, TN Sale Date: 6/15/20 Building Size: 23,606 SF Occupancy: 100% CBRE is pleased to announce the sale of Hughston Clinic Orthopaedics & Surgery Center (the “Property”). Morgan Hillenmeyer, Roscoe High, Douglass Johnson and Nicole Filkins partnered with Lee Asher, Chris Bodnar, Ryan Lindsley, Jordan Selbiger and Sabrina […]
News Release: Concord Hospital Memorial Medical Office Building West
Published on June 22, 2020 On June 29, Concord Hospital will be cutting the ceremonial ribbon to open a new wing to its Memorial Medical Office Building, offering an efficient layout to support team-based care, enhanced exam and procedure rooms, centralized registration on each floor and a new café. The state-of-the-art Memorial Medical Office Building West […]
Breaking News
- News Release: CBRE Announces Sale of Medical Office in Orange County to Local Exchange Buyer for $8.4 Million
- News Release: New medical office project at the Woman’s Hospital of Texas breaks ground
- News Release: Gantry Secures $33.3 Million in Financing for Adjacent Buildings in the San Francisco East Bay
