Transactions: Rendina portfolio sells for $108 million
Everest Healthcare Properties lands 10 MOBs in five states As large and often institutional investors look to acquire medical office buildings (MOBs), they are typically attracted to portfolios – which help them add immediate scale – of high-quality, Class A facilities affiliated with strong healthcare systems. In many cases, portfolios offered by well-known, reputable healthcare […]
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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: Just closed: Rendina National Medical Office Portfolio
The JLL Healthcare Capital Markets Group is pleased to announce the sale of the Rendina National Medical Office Portfolio, a multi-state portfolio containing 489,301 square feet in 10 health system aligned outpatient buildings. The properties are a combination of on-campus and community-based health centers that are well distributed in desirable regions of the United States with […]
News Release: Deaconess News
New Deaconess Clinic Downtown Building Announced A new building is planned for Deaconess Clinic Downtown, in a lot near the Stone Family Center for Health Sciences. The three-story medical office building will be located between Locust and Walnut Streets, near the former Townsquare Media facility. Construction will begin later this year, and is set for […]
News Release: Welltower Closes $1.3 Billion Senior Unsecured Notes Offering
Toledo, Ohio, Aug. 16, 2018 /PRNewswire/ — Welltower Inc. (NYSE: WELL) today announced that it has successfully closed 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 […]
News Release: Griffin-American Healthcare REIT III Reports Second Quarter 2018 Results
Irvine, Calif. (Aug. 16, 2018) – Griffin-American Healthcare REIT III, Inc. today announced operating results for the company’s second quarter ended June 30, 2018. “Griffin-American Healthcare REIT III continued to perform well during the second quarter, with high occupancy throughout our portfolio, impressive weighted average remaining lease term of 8.6 years and moderate leverage1 of […]
News Release: Brian Cich Named Chief Operating Officer of Rendina Healthcare Real Estate
Jupiter, Fla., Aug. 16, 2018 – Rendina Healthcare Real Estate is pleased to announce that Brian Cich has been appointed Chief Operating Officer. As COO, Brian oversees all operations and development projects nationwide, in addition to helping create and manage Rendina’s strategic initiatives and partnerships. In his new role, Brian will utilize his significant experience with […]
News Release: UF Health breaks ground on first health care facility in Wildlight
UF Health broke ground today on a comprehensive medical office building in Wildlight, a new town under development in Nassau County. This is the first step in a strategic health alliance between UF Health, the University of Florida and Raydient Places + Properties that will bring a new style of healthy living to the region. […]
News Release: Skanska USA Celebrates Topping Out Milestone for New Center for Women and Children’s Health at Christiana Care Health System
Newark, Delaware – Skanska USA celebrated the topping out of the new Center for Women and Children’s Health building at Christiana Care Health System in Newark, Delaware with a ceremony on August 15. The event included remarks by: Janice E. Nevin, M.D., MPH, Christiana Care president and CEO Sharon Kurfuerst, Ed.D., OTR/L, FACHE, FAOTA, FABC, […]
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: Ridgeline Capital Partners Acquires Medical Office Building in Allen, TX
Dallas, Texas – Ridgeline Capital Partners (“Ridgeline”), a privately-held commercial real estate investment company, recently completed the acquisition of the single-story, 21,500 square foot Allen Medical Pavilion in Allen, TX. The property is in Allen’s medical district adjacent to the Texas Health Resources Presbyterian hospital campus. Built in 2007, the building is 100% occupied by […]
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 […]
