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Outpatient Projects: NexCore starts a $40 million MOB in suburban Houston
In addition, firm completes a project in Kentucky for Catholic Health Initiatives By John B. Mugford CYPRESS, Texas – The COVID-19 pandemic has undoubtedly caused what is hoped to be a somewhat “short-term” disruption to the overall economy and, for that matter, the healthcare real estate (HRE) sector. But at least one HRE development firm […]
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Entries Now Open for Eighth Annual HREI Insights Awards
Healthcare Real Estate Insights™ magazine announces that entries are now open for the Eighth Annual HREI Insights Awards, recognizing excellence in healthcare real estate. Entries are due Monday, Sept. 28, 2020. 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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Feature Story: MOB sector remains resilient despite Q2 sales decline
Revista’s latest webcast shows stabilized occupancies despite COVID-19 NATIONAL — The fallout from the COVID-19 pandemic is certainly taking its toll on the country’s healthcare systems as well as the healthcare real estate (HRE) sector, even though the industry and property type continue to show resiliency more than four months into the crisis. For example, […]
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Transactions: Seavest acquires MOB in ‘revitalized’ area of Los Angeles
Investment firm pays $43.25M for the first MOB on the MLK Community Hospital campus By John B. Mugford On one hand, officers with long-time investment management firm Seavest Healthcare Properties certainly feel a sense of pride that the company now owns a medical office building (MOB) in a once-struggling area of Los Angeles that has […]
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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: 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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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: Colliers International announces the sale of Mason Creek MOB in Katy, Texas
News Release Colliers International announces the sale of Mason Creek Medical Office Building in Katy, Texas Medical Office Sale Houston, August 4, 2020 – Colliers is pleased to announce the sale of Mason Creek MOB, a newly constructed, state-of-the-art 30,000 square foot medical office building (MOB) situated on 3.89 acres at 21820 Katy Freeway in the […]
News Release: Newly Constructed, Class A Medical Office Building In Atlanta Sells For $29.8 Million
Transwestern Brokers Second Sale to Anchor Health Properties (Aug. 4, 2020 – Atlanta) – Transwestern Real Estate Services (TRS) announces it has brokered the sale of Brookhaven Medical Center II, a newly developed, 51,429-square-foot medical office building at 3929 Peachtree Road NE in Atlanta. Transwestern Senior Managing Directors Steve Hall and Kevin Markwordt facilitated the […]
News Release: NexCore Group announces completion of CHI Saint Joseph Health Winchester (Ky.) MOB
FOR IMMEDIATE RELEASE The 24,693-square-foot facility is patterned after a prototype reflecting NexCore Group’s collaboration with Catholic Health Initiatives to maximize efficiency and expand services across the United States WINCHESTER, Ky., and DENVER, Aug. 4, 2020 – NexCore Group a Denver-based national healthcare real estate developer announces the completion of the CHI Saint Joseph Health […]
News Release: Flagship Healthcare Properties Expands North Carolina Portfolio With Recent Acquisition
NEWS RELEASE FOR IMMEDIATE RELEASE Healthcare real estate firm acquires medical office building in Hickory, North Carolina Charlotte, N.C. (August 4, 2020) — Flagship Healthcare Properties (Flagship) once again expands its North Carolina footprint with the acquisition of Tate Medical Commons IV, a 55,912-square-foot medical office building (MOB), located at 1501 Tate Boulevard SE in Hickory, […]
News Release: Easterly Government Properties Reports Second Quarter 2020 Results
~ Easterly Increases its 2020 FFO Guidance ~ August 04, 2020 06:30 AM Eastern Daylight Time WASHINGTON, D.C.–(BUSINESS WIRE)– Easterly Government Properties, Inc. (NYSE: DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust (“REIT”) focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, today announced its […]
News Release: Appointing James Coman as Managing Director Capital Markets – Healthcare
Stealth Realty Advisors, LLC is pleased to announce the appointment of James P. “Jim” Coman as Managing Director Capital Markets – Healthcare, and the opening of a second office in Charleston, South Carolina. Prior to joining Stealth, Jim was a consultant for a west coast investment group on the leasing and management of a class […]
News Release: Montecito Medical Real Estate Appoints Brian Maas as General Counsel
FOR IMMEDIATE RELEASE July 31st, 2020 NASHVILLE, Tenn. – Montecito Medical Real Estate, one of the nation’s top privately held acquirers of medical office real estate, continues to expand its team to keep pace with its acquisition velocity with the key addition of Brian Maas as the company’s General Counsel. Maas brings to Montecito more than […]
News Release: Medical Properties Trust, Inc. Reports Second Quarter Results
Per Share Net Income of $0.21 and Normalized FFO of $0.38 $3.1 Billion of Closed and Announced Investments Year-to-Date 100% of Rent and Interest Collected or Subject to Definitive Repayment Agreements Since Onset of COVID-19 July 30, 2020 08:00 AM Eastern Daylight Time BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) […]
News Release: CIT leads $25 million financing deal for MLK Community Hospital Medical Office Building
Follows CIT’s investment in a 92-unit affordable housing complex in the redevelopment of the Watts community NEWS PROVIDED BY CIT Group Inc. Jul 29, 2020, 13:00 ET NEW YORK, July 29, 2020 /PRNewswire/ — CIT Group Inc. (NYSE: CIT) and its Healthcare Finance unit today announced a $25 million loan supporting Seavest Healthcare Properties’ acquisition of the MLK Community Hospital Medical Office Building in South Los […]
News Release: Mortenson Development and Seavest Healthcare Properties partner to Bring SCL Health Anchored Facility to Candelas Community
DENVER (July 29, 2020) – Mortenson Development, Inc., the development arm of top-20 U.S. builder Mortenson, today announced it will soon break ground on a new 43,732-square-foot Class A medical office building at the intersection of West 91st Place and Candelas Parkway within the rapidly growing Candelas master-planned community in Arvada, Colorado. Mortenson has worked […]
News Release: Anchor Health Properties Invests in Best in Class Outpatient Hub in Key Atlanta Submarket
FOR IMMEDIATE RELEASE July 29, 2020 (Media, PA) Anchor Health Properties (Anchor), a national full service healthcare real estate development, management, and investment company focused exclusively on medical facilities, has recently acquired the newly constructed and best in market Brookhaven Medical Center II, a 51,429 square foot medical office building in the Buckhead / Brookhaven […]
News Release: Stage Equity Partners grows its Texas portfolio with MOB acquisitions in Midland and San Antonio
FOR IMMEDIATE RELEASE The Chicago-based private real estate investment firm recently bolstered its healthcare real estate holdings with two 20,000-square-foot medical facilities, re-establishing its presence in the Texas market Stage Equity Partners recently announced two MOB acquisitions in Texas, including (top) Midland Women’s Clinic, a 20,000 sf women’s health practice at 2500 W. Midland Ave. […]
News Releases: Fort Myers surgery center trades to private equity firm
JLL Capital Markets completed the $7M sale of the Paramount Surgery Center across from Lee Memorial Hospital ORLANDO, MM DD, 2020 – JLL Capital Markets announced today that it has closed the $7.0 million sale of Paramount Surgery Center, a 9,000-square-foot surgery center in Fort Myers, Florida. JLL represented the seller, 8250 Realty LLC, who […]
News Release: Announcement – $5,200,000 Medical Office Building Sale – Fairfield Advisors
Fairfield Advisors announces sale of Christ Hospital System Medical Office Building in Milford, OH. – $5,200,000 Transaction – (Denver, CO and Cincinnati, OH) – Fairfield Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the sale of the Christ Hospital Medical Office Building located at 1171 State Road 28 in Milford, OH. The […]
News Release: Philadelphia Based Black-led Private Equity Fund TPP Capital Seeks One Billion for Black Health
$1 Billion Initiative to build infrastructure including facilities, technologies, amenities, and resources necessary to promote optimal health and wellness July 28, 2020 09:00 AM Eastern Daylight Time PHILADELPHIA–(BUSINESS WIRE)–The COVID-19 pandemic and the resurgence of the Black Lives Matter movement has shone a bright light on the disparities in America. If Black lives matter, then Black […]
