Current Edition: February 2014

Current Edition: February 2014

By on February 25, 2014

Please click on one of the options below to access the current edition of Healthcare Real Estate Insights™ in your preferred format (paid subscription required): PDF (“snapshot” of entire publication) Website (individual articles) Digital flipbook (COMING SOON!) 2014 Archives 2013 Archives

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Cover Story: A look ahead

Cover Story: A look ahead

By on February 25, 2014

Some of the HRE sector’s leading professionals weigh in on the year to come By John B. Mugford The first part of 2014 brings with it myriad questions regarding the nation’s healthcare industry. Subsequently, that also means that questions abound concerning healthcare real estate (HRE), even though our unscientific poll finds that most professionals involved […]

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Transactions: A record-setting year for MOB sales

By on February 25, 2014

The MOB sales volume reached new heights last year, exceeding $6.5 billion By John B. Mugford Just when it seemed as if the sales volume of medical office buildings (MOBs) couldn’t go any higher in a single year, along came 2013. Just a year earlier, 2012 became the second-highest year for MOB sales of all […]

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CNL Healthcare Properties recently paid $31 million for MedArts in the Springs, a two-building, medical office building (MOB) complex in Coral Springs, Fla. The unlisted REIT also recently acquired two Chula Vista, Calif., MOBs for about $29 million. (Photo courtesy of CNL Healthcare Properties)

Transactions: CNL Healthcare pays $60 million for MOBs

By on February 25, 2014

Unlisted REIT acquires two medical office buildings in Florida and two in California By John B. Mugford CNL Healthcare Properties, an unlisted real estate investment trust (REIT) sponsored by Orlando, Fla.-based CNL Financial Group LLC,  continues to make headway in the HRE sector. In recent weeks, the REIT closed on the acquisition of two medical […]

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2014 HREI Resource Guide

2014 HREI Resource Guide

By on January 15, 2014

Please click on one of the options below to access the 2014 HREI Resource Guide™ sights in your preferred format: PDF (“snapshots” of entire publication or selected articles) Website (individual articles) Digital flipbook (COMING SOON!)     Healthcare Real Estate Professional Services Directory Please select a category: Acquisitions Asset Management Brokerage (Sales & Leasing) Construction Design […]

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For Sale: Greater Erie Medical Center, Millcreek Township, PA

For Sale: Greater Erie Medical Center, Millcreek Township, PA

By on April 11, 2014

Greater Erie Medical Center 2374 Village Common Drive Millcreek Township, PA 16506 INVESTMENT SUMMARY Offering Price: $8,600,000 NOI: $636,262 Cap Rate: 7.4% Year 1 Cash on Cash Return: 10.22% Occupancy: 100% OFFERS DUE: Wednesday, April 23 CBRE, as exclusive agent for the owner, is pleased to offer the opportunity to acquire the Greater Erie Medical […]

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For Sale: Florida Medical Office Portfolio

For Sale: Florida Medical Office Portfolio

By on April 10, 2014

OFFERS REQUESTED BY WEDNESDAY, APRIL 23RD, 5:00 PM EST OFFERING INFORMATION OFFERING PRICE: $8,119,000 CAP RATE: 7.25% PORTFOLIO SIZE: 51,681 SF OCCUPANCY:  100% LEASE TERM: Single-Tenant to Hospital Through July 2025 IN-PLACE NOI: $588,618 The Offering The CBRE Healthcare Capital Markets Group is pleased to exclusively offer the Florida Medical Office Portfolio (“The Portfolio”) for […]

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For Sale: Kaiser Healthcare Center, Vallejo, CA

For Sale: Kaiser Healthcare Center, Vallejo, CA

By on April 3, 2014

Kaiser Healthcare Center, Vallejo, CA NGKF Capital Markets’ Medical Office Group, as the Owner’s Exclusive Agent, is pleased to offer for sale, Kaiser Healthcare Center, located in Vallejo, CA (the “Property”). The Property is a rare high-profile medical office opportunity consisting of 54,802 rentable square feet, located along the major thoroughfare North Broadway Street, and […]

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Archives: 2014

By on February 25, 2014

Please click on one of the options below to access these archived editions of Healthcare Real Estate Insights™ in your preferred format (paid subscription required):    January 2014  February 2014  March 2014        April 2014  May 2014  June 2014        July 2014  August 2014  September 2014        October 2014  November 2014 […]

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February 2014 PDF

By on February 25, 2014

To prevent unauthorized use of our Federally copyrighted content, Healthcare Real Estate Insights™ now uses a three-step process to unlock access to the PDF versions of the Current Editions and Archives: Step 1: Log into the website using your personal user name and password. (If you can read this, you are already logged in.) Step […]

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The 45,277 square foot Marin Cancer Institute in Greenbrae, Calif., recently hit the market. It is 100 percent leased by the county’s only acute care hospital. Photo courtesy CBRE

Hot Property: Cancer Institute Hits the Market

By on February 25, 2014

Hospital campus facility is in California’s ‘wealthiest’ county, Marin Name: Marin Cancer Institute Address: 1350 South Eliseo Dr. City: Greenbrae, Calif. Number of buildings: 1 Square feet: 45,277 Occupancy: 100% Tenant: Marin General Hospital Lease expiration: 2028 Brokers: Lee Asher, Chris Bodnar, Seth A. McKinnon Brokerage firm: CBRE GRENBRAE, Calif. – In November, residents in […]

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Cover Story: Development: More activity, but who will own the MOBs?

By on February 25, 2014

By John B. Mugford The number of newly developed MOBs has held steady in recent years, with about 7 million to 8 million square feet completed in 2012 and 2103, according to a number of sources. But even though most HRE professionals do not believe that the enrollment of newly insured patients under the PPACA […]

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Cover Story: MOB sales: What’s next after a record-setting 2013?

By on February 25, 2014

By John B. Mugford As most people involved in the sector know by now, 2013 was a record year for medical office building (MOB) sales. Data from Real Capital Analytics Inc., a real estate research firm, indicate that more than $6.5 million worth of MOBs traded hands in 2013, a total that includes only transaction […]

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Transactions: Sabra REIT moves into acute-care space with Texas deals

By on February 25, 2014

DALLAS  – For the most part, Irvine, Calif.-based Sabra Health Care REIT Inc. (Nasdaq: SBRA) looks to grow its portfolio primarily through the acquisition of senior housing and memory care facilities, with a secondary focus on skilled nursing facilities (SNFs). However, it also continues to search for “opportunistic” acquisitions of other types of healthcare real […]

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Transactions: Ill.-based MedProperties Group looks west, to Arizona, for latest MOB acquisition

By on February 25, 2014

GILBERT, Ariz. – Northbrook, Ill.-based MedProperties Group (not to be confused with the unaffiliated, Dallas-based MedProperties Holdings) has ventured west for its latest MOB acquisition, acquiring Mercy Medical Commons in Gilbert, part of what the company calls the “rapidly growing” East Valley region of Greater Phoenix. According to MedProperties Group’s website, the Gilbert building is […]

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Transactions: MedSouth Healthcare Properties LLC acquires Myrtle Beach, S.C., MOB

By on February 25, 2014

MYRTLE BEACH, S.C. – MedSouth Healthcare Properties LLC, a relatively new company focused on acquiring healthcare properties in the Southeast, recently purchased an MOB in Myrtle Beach in a JV with Sterling Fox Group LLC. Both MedSouth and Sterling Fox Group are based in Charlotte, N.C. The JV acquired Market Commons Medical, a 20,000 square […]

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Transactions: TDA Investment Group buys 51,441 s.f. on-campus MOB in San Diego for $11.4 million

By on February 25, 2014

SAN DIEGO – TDA Investment Group of San Mateo, Calif., in recent months acquired an MOB located within a complex of three medical buildings across the street from Alvarado Hospital Medical Center in San Diego. The firm closed on Alvarado Medical Plaza III, a three-story, 51,441 square foot MOB, for about $11.4 million, according to […]

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Transactions: More HRE Transactions

By on February 25, 2014

MedSouth Healthcare Properties LLC, a relatively new company focused on acquiring healthcare properties in the Southeast, recently purchased an MOB in Myrtle Beach, S.C., in a JV with Sterling Fox Group LLC. Both MedSouth and Sterling Fox Group are based in Charlotte, N.C. The JV acquired Market Commons Medical, a 20,000 square foot, two-story building […]

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Outpatient Projects: Adult ED remodel project at New York Presbyterian gets a big donation and a name

By on February 25, 2014

NEW YORK – Without a $15 million gift from Morgan Stanley (NYSE: MS), a project to expand and upgrade the adult ED at New York Presbyterian/Columbia University Medical Center would not be taking place, according to health system officials. As a result of the donation, the newly rebuilt ED will be called Morgan Stanley Adult […]

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The $10 million, 32,500 square foot Southside Regional Medical Arts Pavilion in Petersburg, Va., is one of two new medical office buildings (MOBs) that were recently opened by Rendina Cos. The other was a $16 million facility in Virginia. Photo courtesy of Rendina Cos.

Outpatient Projects: Rendina Cos. completes two MOBs

By on February 25, 2014

South Carolina and Virginia projects total $26 million and 92,500 square feet By Murray W. Wolf Jupiter, Fla.-based Rendina Cos. recently completed the development of new medical office buildings (MOBs) in South Carolina and Virginia – projects totaling $26 million and 92,500 square feet. A grand opening was held Jan. 14 for the Bluffton Medical […]

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