Cover Story: 2017’s biggest outpatient HRE developers revealed
With more than 34 million square feet of MOBs and other outpatient projects started or completed in 2017, developers MedCraft, Healthcare Realty Trust, NexCore Group and HTA Development led the way, according to second annual report by Revista and HREI™ By John B. Mugford The year 2017 saw a slight drop in the development of […]
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Outpatient Projects: Five developers vying for $200 million, 250,000 square foot Penn Medicine project at former Wyeth Labs site
RADNOR TOWNSHIP, Pa. — The University of Pennsylvania Health System (Penn Medicine) recently received preliminary land development approval from Radnor Township officials for the development of a new $200 million, 250,000 square foot medical facility and 1,000-vehicle garage along Interstate 476 in this Philadelphia suburb. The property, at 145 King of Prussia Road, is on […]
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Cover Story: The year of the portfolio
A surge in multi-asset transactions led to 2017 MOB sales records in volume, pricing, cap rates and more By John B. Mugford 2017 MOB sales volume set another new record. MOB sales totaled $12.55 billion, according to RCA’s data. That topped the 2016 total of $10.21 billion by 22 percent. It also far surpassed the […]
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Transactions: Heitman lands 1.4 million s.f. on-campus portfolio
The 17 MOBs in the seven-state PHT Portfolio are 96 percent occupied By John B. Mugford CHICAGO – One of the “highest quality, on-campus portfolios ever offered” has changed hands, with Chicago-based Heitman LLC purchasing 17 medical office buildings (MOBs) totaling 1.4 million square feet, according to a Feb. 16 Heitman news release. While the […]
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Transactions: Wisconsin system buys 18 properties it was leasing
Welltower Inc. sells the portfolio for $433 million to Aurora Health Care Prior to the start of 2018, several members of the Editorial Advisory Board (EAB) of Healthcare Real Estate Insights predicted that the sector would see some transactions in which health systems would buy medical office buildings (MOBs) they are leasing from third-party owners. […]
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News Release: HFF announces $5.979M sale of Aurora Health Center in Milwaukee, WI
CHICAGO, IL – April 24, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $5,979,000 sale of Aurora Health Center, a 25,466-square-foot medical office building in Milwaukee, Wisconsin. The HFF team marketed the property on behalf of the seller, Atkins Companies, and procured the buyer, Healthcare Trust Inc. Completed in 2000, Aurora Medical Center is […]
News Release: Sina Companies delivers inpatient rehab hospital in Las Vegas
The 44-bed, 56,220-square foot, inpatient PAM Rehabilitation Hospital of Centennial Hills in northwest Las Vegas will be leased to Post-Acute Medical, an operator of specialty, rehabilitation and surgical hospitals LAS VEGAS and PALM BEACH GARDENS, Fla., April 25, 2018 – Sina Companies announces the completion of the PAM Rehabilitation Hospital of Centennial Hills, a 44-bed inpatient rehabilitation […]
News Release: The Neenan Company Completes One Health Care Project, Breaks Ground on Two in California
FOR IMMEDIATE RELEASE April 24, 2018 Design-build firm and Community Health Centers of the Central Coast grow relationship with three projects FORT COLLINS, Colo. — The Neenan Company, a fully integrated design-build firm based in Colorado, completed one project on California’s Central Coast and breaks ground on two more for Community Health Centers of the Central Coast (CHC). […]
News Release: Montecito Medical Acquires Wisconsin Medical Office Building
Montecito Medical Acquires Medical Office Building from Leading Orthopedic Provider in Wisconsin FOR IMMEDIATE RELEASE April 24, 2018 Nashville, Tenn. — Montecito Medical Real Estate, a premier owner of medical office buildings throughout the U.S., has acquired a significant healthcare property from Orthopaedic Associates of Wisconsin (OAW), one of the state’s leading providers of orthopedic services. […]
Inpatient Projects: Local developers plan four-story, 42,000 square foot MOB across from Owensboro (Ky.) Health Regional Hospital
OWENSBORO, Ky. – A pair of local developers have proposed a four-story, 42,000 square foot MOB on a 3-acre site they own across the street from Owensboro Health Regional Hospital in this eastern Kentucky community on the Indiana border. The local Messenger-Inquirer newspaper reports that Steve Hayden and Rick Isbill of H&I Development Co. have […]
Austin’s Texan Eye MOB Portfolio l Long-Term Absolute NNN Sale-Leaseback
Texan eye medical office portfolio – Central, Texas HFF – www.hfflp.com Investment Summary HFF, on behalf of Texan Eye P.A. is pleased to exclusively present a unique opportunity for the sale-leaseback of three medical office buildings (the “Portfolio” or “Properties”) to be occupied by Texan Eye P.A. (the “Tenant” or “Texan Eye”). The Portfolio is […]
For Sale: 100% Leased Central Arizona Medical Office Portfolio | Three (3) Properties Totaling Approximately 17,052 SF
Desert Valley Pediatrics Portfolio – Offers Due: Wednesday, May 16, 2018 Desert Valley Pediatrics Portfolio (collectively, the “Portfolio” or “Properties” and individually, the “Property”) is a 100% occupied single-tenant, net-leased medical office portfolio that is conveniently located in the West Valley of Phoenix, Arizona. The Portfolio, consisting of approximately 17,052 square feet, is strategically located near […]
For Sale: Hammes Medical Office Portfolio | 950,000 RSF
Hammes Medical Office Portfolio JLL is pleased to offer for sale a premier, diversified institutional portfolio of 17 outpatient medical buildings with 950,000 rentable square feet associated 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: SUBSCRIBEExisting Users […]
News Release: Cushman & Wakefield Announces Sale of Medical Office Condominium De-conversion
Acquired by private equity healthcare real estate investor IRA Capital Cushman & Wakefield announced today that Gino Lollio and Scott Niedergang of the firm’s Healthcare Capital Markets team have facilitated the sale of the Fletcher Drive Medical Center located 40 miles northwest of Chicago in Elgin, Illinois, to California-based private equity real estate investor IRA […]
NE MOB 3 – Debt Quote Summary
Debt Guidance, Northwest MOB 3, 3 Medical Office Buildings – 107,536 square feet – HFF – www.hfflp.com Overview Holliday Fenoglio Fowler, L.P. (“HFF”), has been retained by Deutsche Asset Management, on behalf of a separately-managed account, (the “Owner”) on an exclusive basis with respect to the The full content of this article is only available […]
News Release: NexCore Group Again Grows its Design & Construction, Property Management Teams
The national healthcare real estate firm’s rapid growth and expansion continues, requiring the additions of three more seasoned executives: Gina Patrick, Geoff Baldwin and Bruce Jackson Gina Patrick, Geoff Baldwin and Bruce Jackson (from left to right) are the latest additions to NexCore’s rapidly expanding Design & Construction and Property Management teams. […]
News Release: Ridgeline Capital Partners Acquires Medical Office Building in Little Rock
Ridgeline Capital Partners (“Ridgeline”), a privately-held commercial real estate investment company, recently completed the acquisition of the three-story, 43,000 square foot Chenal Medical Pavilion in Little Rock. The property was built in 2015 and is located in the Chenal Valley neighborhood at 16115 St. Vincent Way, adjacent to the Promenade at Chenal shopping center. The […]
News Release: Keith Konkoli Named Head of Outpatient Medical and Real Estate Services
4/17/2018 4:31:00 PM TOLEDO, Ohio, April 17, 2018 /PRNewswire/ — Welltower Inc. (NYSE: WELL) today announced that Keith Konkoli will join the Company as Senior Vice President – Real Estate Services succeeding Mike Noto, who has announced his retirement. Konkoli will lead Welltower’s outpatient medical portfolio that is currently comprised of 17 million square feet in top markets and 95% health system affiliated. Konkoli […]
News Release: Anchor Health Properties Acquires Three Class A Medical Office Buildings with Morgan Stanley
FOR IMMEDIATE RELEASE APRIL 17, 2018 Contact: Rachael Osberger, Anchor Health Properties rosberger@anchorhealthproperties.com; 302-655-1010 ANCHOR HEALTH PROPERTIES ACQUIRES THREE CLASS A EAST COAST MEDICAL OFFICE BUILDINGS WITH MORGAN STANLEY (Charlottesville, VA) Anchor Health Properties has formed a joint venture with a Morgan Stanley Real Estate Investing advised fund for the purpose of acquiring three medical […]
News Release: Mohr Capital Sells Medical Office Building
MEDICAL OFFICE BUILDING SALE Mohr Capital, a privately held real estate investment firm headquartered in Dallas, Texas, has sold a 42,000 square foot medical office building in Little Rock, Arkansas. The property was developed by Mohr Capital and was completed in July 2015. Gary Horn, Chief Investment Officer for Mohr Capital, says “The property is anchored by CHI/St. Vincents […]