Transactions: Biggest MOB portfolio sale since Duke Realty?
Industry sources say CNL Healthcare Properties plans to sell its MOBs ORLANDO, Fla. – In what could be the largest medical office building (MOB) portfolio sale since last year’s Duke Realty sale, multiple healthcare real estate (HRE) industry sources tell Healthcare Real Estate Insights that CNL Financial Group plans to sell the MOB portfolio owned […]
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Transactions: Unit of German bank buys NYC MOB for $332.5M (UPDATED)
Commerz Real pays $854 PSF, 4.45 cap rate for asset leased by NYU Langone NEW YORK — In what might be the biggest single-asset medical office building (MOB) transaction ever, Eschborn, Germany-based Commerz Real, the real assets investment manager of Frankfurt-based Commerzbank AG, closed May 29 on the $332.5 million acquisition of a 25-story, 389,522 […]
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Feature Story: Healthcare REIT execs still bullish
Despite potential disruptors and low cap rates, BOMA panelists remain upbeat By John B. Mugford The largest healthcare-focused real estate investment trusts (REITs), have long been and continue to be one of the most important – if not the most important – buyers of medical office buildings (MOBs). According to healthcare real estate (HRE) research […]
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Feature Story: Third-party capital has its place
Panel at 2018 BOMA MOB conference discusses what the ‘new era’ of partners can provide By John B. Mugford Let’s all face it, a majority of the country’s health systems are not going to be selling, or monetizing, all of their medical office buildings (MOBs) to third-party investors anytime soon. Yet, during an era when […]
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Feature Story: Ambulatory ‘constellations’ are the future
At BOMA MOB conference, consultant stresses the importance of inter-connected networks By John B. Mugford Ever since humans first looked to the night sky, they have found and used patterns, or constellations, among the stars to help them survive. “Individual stars are beautiful, and are bright, but are not really useful to us as humans,” […]
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Now Available: 2018-19 HREI Resource Guide
Please click on one of the options below to access the 2018-19 HREI Resource Guide™ in your preferred format: PDF (“snapshots” of entire publication or selected articles) Website (individual articles) 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 here: […]
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News Release: NKF Capital Markets Orchestrates Sale of Medical Office Building in Mass
NKF Capital Markets Orchestrates Transaction of 67 South Bedford Street The Davis Companies Sells Class A Medical/Office Building to Anchor Health Properties NKF Capital Markets has successfully completed the sale of 67 South Bedford Street in Burlington, Massachusetts to one of Anchor Health Properties’ existing institutional joint ventures. On behalf of The Davis Companies, NKF […]
News Release: Carter Validus Mission Critical REIT II, Inc. Announces Acquisition of a Medical Office Building in Carrollton, Texas for Approximately $8.5 Million
Carter Validus Mission Critical REIT II, Inc. Announces Acquisition of a Medical Office Building in Carrollton, Texas for Approximately $8.5 Million On June 11, 2018, Carter Validus Mission Critical REIT II, Inc. (“CV Mission Critical REIT II”), a public, non-traded, real estate investment trust focused on assembling a diversified portfolio of net-leased data center and […]
News Release: New Patient Tower and Renovations at Mercy Hospital Jefferson
PRESS RELEASE: 03.12.2018 McCarthy has completed construction of a new three-story, 120,000-square-foot patient building on the campus of Mercy Hospital Jefferson in Crystal City, Mo. Constructed to the south of the existing hospital facility, the $73 million tower features 90 private patient rooms and is designed to accommodate a potential vertical expansion to add new […]
News Release: NKF and JLL Complete Lease for TeamHealth
Newmark Knight Frank and JLL Complete Lease Relocation and Restructure for TeamHealth Newmark Knight Frank (NKF) and JLL announced the completion of a 51,290-square-foot lease for medical staffing firm TeamHealth. TeamHealth will consolidate and relocate approximately 400 employees to Corporate Pointe at West Hills, located at 8511 Fallbrook Ave. NKF’s Executive Managing Director David Kluth […]
News Release: Healthcare Real Estate-Developer Meridian Sells 104,000 SF Multi-Tenant Office Building in San Mateo County, California for $39.5 Million
Meridian Sells 104,000 SF Multi-Tenant Office Building in San Mateo County, California for $39.5 Million With more than 500,000 SF currently in development/redevelopment and another 500,000-plus SF in the pipeline, Meridian is still aggressively pursuing more value-add general and medical office opportunities throughout California Meridian, a full-service real estate developer and owner of general and […]
News Release: Deal: Capital One Closes $92.4 Million USD Loan to Fund Invesque’s Acquisition Of Premier Canadian Medical Office Building REIT
Capital One Closes $92.4 Million USD Loan to Fund Invesque’s Acquisition Of Premier Canadian Medical Office Building REIT Capital One announced today that it provided a $92.4 million USD adjustable-rate loan to Invesque, a real estate investment company specializing in healthcare and senior living properties throughout North America. Invesque used these funds as part of its acquisition […]
News Release: MedProperties, Cypress West Partners form JV to acquire Phoenix medical office building
The, 50,040 square foot West 101 Gateway MOB has class A finishes, an ideal location near major highways and a full-service medical campus, and excess land for future development PHOENIX and DALLAS, June 13, 2018 – In a continuation of its belief in the strong Phoenix healthcare market, MedProperties Holdings LLC has acquired its fourth […]
News Release: Deal: Capital One Closes $9.3 Million Fannie Mae Loan to Refinance Texas Assisted Living Community
Capital One Closes $9.3 Million Fannie Mae Loan to Refinance Texas Assisted Living Community Capital One announced today that it provided a $9.3 million Fannie Mae fixed-rate loan to refinance The Arbor Assisted Living and Memory Care, a 59-unit seniors housing facility in Nacogdoches, Texas. The sponsor, Prevarian Senior Living, is using the proceeds to retire existing […]
News Release: National Leading Healthcare Real Estate Investment Company Expands in Dallas
The Sanders Trust expands with the opening of Dallas office Michael Arvin Selected as Director of Strategy & Development The Sanders Trust, one of the nation’s leading healthcare real estate investment companies, has announced the opening of a new office in Dallas, Texas. With this recent expansion The Sanders Trust has named seasoned strategy director, […]
News Release: Optimal Breaks Ground in Ocala
Optimal Breaks Ground on Comprehensive Cancer Center in Ocala, FL Optimal Outcomes is pleased to announce the groundbreaking of the Ocala Cancer Center for Florida Cancer Specialists & Research Institute (FCS), the leading community oncology/hematology practice in the state. The facility will be located just north of SR200 on SW 48th Avenue in Ocala, FL, adjacent to […]
News Release: How Healthcare Providers Can Benefit from ROFOs and ROFRs
In a recent BOMA MOB conference appearance and a comprehensive new white paper, DOC executives share insights into how hospitals and health systems can maximize the value of their real estate rights when the buildings they occupy come up for sale. June 12, 2018 08:00 AM Eastern Daylight Time HOUSTON & MILWAUKEE–(BUSINESS WIRE)–Rights of first […]
News Release: Meridian Participates in San Francisco Acquisition!
Seavest Investment Group, assisted by Meridian, has closed escrow on a 87,190 square foot, 7-story office building at 939 Ellis Street in San Francisco. The Seller was a joint venture of Seattle-based Columbia Pacific Advisors and San Francisco-based Long Market Property Partners. The purchase price was $49 million. Meridian sourced this opportunity and then assisted […]
News Release: Class A Medical Office Building Sold | Nashville, TN
Investment Sale of Saint Thomas Medical Building 5700 Temple Road, Bellevue, Tennessee Anthony Lunceford and Joe Massa, the Nashville-based Executive Managing Directors of Colliers International’s Healthcare Investment Services group, transacted on the sale of a 22,300 SF three-story medical office building occupied by Saint Thomas Medical Partners. Located just 13 miles from downtown Nashville in Bellevue, […]
News Release: BMO Harris Healthcare Real Estate Finance acts as Administrative Agent and Sole Lead Arranger
BMO Harris Healthcare Real Estate Finance acts as Administrative Agent and Sole Lead Arranger with the add-on of a $6MM term loan to an cumulative $18MM Credit Facility for a Joint Venture advised by Heitman and managed by Montecito Medical Operating Company. BMO Harris Bank’s Healthcare Real Estate Finance group announced that it acted as […]
