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For Sale: HFF | Class A Office-Medical | Hospital Adjacent | Willingboro, NJ

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For Sale: Call for Offers – HealthSouth Rehabilitation Portfolio – April 7, 2016

Thank you for your interest in the HealthSouth Rehabilitation Portfolio. We request that investors submit their offers electronically to JLL no later than close of business on Thursday, April 7, 2016. You may send your offer via email to steve.leathers@am.jll.com and brannan.knott@am.jll.com. The selection of a buyer will be made on a combination of the […]

Archives: March 2016

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March 2016 PDF

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Thomas DeRosa (Photo courtesy of Welltower Inc.)

Cover Story: Who’s selling MOBs?

The answer might surprise you By Murray W. Wolf One record after another has fallen during the past few years as medical office building (MOB) sales volume moved steadily along a upward curve. Today, although MOBs seem to be as popular an investment as ever, some of the most prodigious buyers are becoming net sellers.

Feature Story: What is the ‘state of the industry?’

InterFace West panel covered the ‘obligatory’ topics, but added some new twists By Murray W. Wolf It seems like every healthcare real estate (HRE) conference includes a “state of the industry” panel discussion. And, with as fast as things are changing in the HRE sector, that seems perfectly appropriate.

Transactions: Farley White affiliate acquires two-building MOB complex in Naples, Fla., for $15.8 million

Transactions: Farley White affiliate acquires two-building MOB complex in Naples, Fla., for $15.8 million

NAPLES, Fla. – An affiliate of Farley White Interests, a Boston-area owner of commercial real estate, closed in February on the acquisition of a two-building MOB complex in Naples for about $15.8 million, or about $207 PSF.

Transactions: New private equity fund Prime Property Investors I launches and makes first acquisitions

Transactions: New private equity fund Prime Property Investors I launches and makes first acquisitions

NORTHBROOK, Ill. – Prime Property Investors Ltd. has launched Prime Healthcare Investors (PHI), a group of private equity funds created to acquire triple net-leased healthcare real estate (HRE) nationwide.

Hot Property: Portfolio for sale in TMC ‘profit zone’

Hot Property: Portfolio for sale in TMC ‘profit zone’

Planned Baylor St. Luke’s Medical Center relocation creates new opportunities Name: Texas Medical Center portfolio City: Houston Number of buildings: 2 Total leasable square feet: 673,395 Occupancy (total): 89.9% Numbers of floors: 27 and 15 Years built: 1991 and 2003 Lot size: 6 acres In-place NOI: about $6.6 million Broker: CBRE Brokers: Chris Bodnar, Lee […]

Healthcare Trust of America Inc. acquired six medical and office buildings in three separate transactions in January and February for a total of nearly $162 million, including the 287,844 square foot 1 Long Wharf Drive in New Haven, Conn. (above). Photo courtesy of LoopNet.com

Transactions: HTA buys six assets for nearly $162M

Public REIT acquires medical and office buildings in three separate transactions By Murray W. Wolf Healthcare Trust of America Inc. (NYSE: HTA) acquired six medical and office buildings in three separate transaction totaling nearly $162 million and 726,525 square feet during the first quarter (Q1) of 2016.

Meridian executives say they see the firm’s $37.5 million acquisition of the two-building, 115,000 square foot Cotton Medical Center complex in Pasadena, Calif., as a value add opportunity. The property was 71 percent leased at the time of the sale. Photo courtesy of Meridian

Transactions: Meridian acquires MOBs for $37.5M

Two-building Pasadena, Calif., complex is the firm’s biggest purchase so far By Murray W. Wolf Meridian Property Co. recently closed on the $37.5 million acquisition of the 115,000 square foot Cotton Medical Center complex in Pasadena, Calif. It was the San Ramon, Calif.-based healthcare real estate developer-owner’s largest acquisition to date and its eighth medical […]

Transactions: Universal Health Realty Income Trust acquires Alabama MOB for about $10.1 million

Transactions: Universal Health Realty Income Trust acquires Alabama MOB for about $10.1 million

MADISON, Ala. – Universal Health Realty Income Trust (NYSE: UHT) of King of Prussia, Pa., closed in March on the acquisition of the three-story, 30,096 square foot Madison MOB for about $10.1 million, or about $336 per square foot.

Transactions: Greenlaw Partners and UBS acquire California MOB from Ventas for $34.5 million

LAGUNA HILLS, Calif. – A joint venture (JV) of Greenlaw Partners and a fund advised by UBS Realty Investors LLC recently acquired Saddleback Valley Medical Center in Laguna Hills for $34.5 million, or $256 per square foot (PSF).

Transactions: MedProperties Holdings acquires Illinois surgery center for $17.1 million

Transactions: MedProperties Holdings acquires Illinois surgery center for $17.1 million

MOKENA, Ill. – Dallas-based MedProperties Holdings LLC closed Feb. 29 on the acquisition of a Chicago-area ambulatory surgery center (ASC), the Center for Minimally Invasive Surgery (CMIS) in Mokena.

Transactions: Welltower acquires Wisconsin MOB for $18 million from Ministry Health Care

Transactions: Welltower acquires Wisconsin MOB for $18 million from Ministry Health Care

MENASHA, Wis. – Welltower Inc. (NYSE: HCN), the nation’s largest publicly traded healthcare REIT, acquired the three-story, 71,648 square foot 1550 Midway Place MOB in Menasha from Ministry Health Care in January for $18 million, or $251 PSF, according to RCA data.