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For Sale: Medical Office | Frederick Memorial Hospital | 100% Net Leased | 62,297 SF

JLL is pleased to offer for sale the fee simple interest in Frederick Memorial Hospital Crestwood, a 2010-build Class A, single tenant medical office building with 62,297 RSF located in Frederick, Maryland. FMH Crestwood is 100% net leased to Frederick Memorial Hospital with an average remaining term of 12 years. FMH is the sole hospital […]

For Sale: Just Listed – 10-Year Absolute NNN Access Medical Center – Oklahoma City, OK

Pricing Summary Price: $1,327,000 NOI: $86,250 Cap Rate: 6.50% Investment Summary CBRE is pleased to present the opportunity to acquire 10701 North Rockwell Avenue, a 3,428 SF single tenant, build-to-suit medical office building located in Oklahoma City’s northwest submarket. Built in 2005 and situated on 0.90 acres, the property is just south of the signalized […]

News Release: Marcus & Millichap Names Alan L. Pontius National Director, Specialty Divisions

CALABASAS, Calif., April 25, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced that Alan L. Pontius, a senior vice president, has been named national director of the firm’s specialty divisions. Pontius, an industry veteran, joined Marcus & Millichap […]

News Release: Montecito Medical Acquires Two Class A Medical Office Buildings in Johnson City

NASHVILLE, TN (April 25, 2016) – Montecito Medical, a premier owner of medical office buildings throughout the U.S., announced that it recently acquired two Class A medical office buildings, located in the “Med Tech Corridor” of Johnson City, TN that serves as a regional medical center for northeast Tennessee and southwest Virginia. The properties sit […]

Archives: April 2016

Archives: April 2016

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Cover Story: DocREIT was in buying mode in Q1, increasing its guidance for 2016

MILWAUKEE – Even though officials with Physicians Realty Trust say they are being careful about not making too many MOB acquisitions, they continue to see buying opportunities that, at least some of which, they believe are in the best interests of the company to complete.

As part of its $692 million portfolio acquisition from Catholic Health Initiatives (CHI), Physicians Realty Trust acquired CHI Medical Building One (left), which is connected to the 121-bed building CHI Health Midlands Hospital (right) in Papillion, Neb.
Photo courtesy of CBRE Group Inc.

Cover Story: Biggest deal ever

Physicians Realty Trust pays $692 million for 52 MOBs, 3.16 million square feet By John B. Mugford This is the type of deal healthcare real estate (HRE) professionals have been hoping for and perhaps anticipating for some time: a major health system selling a large number of its ancillary facilities in order to deploy a […]

Transactions: Hammes Partners II makes a pair of separate buys for a total of $48.9M

BROOKFIELD, Wis. – Brookfield, Wis.-based Hammes Co.’s second healthcare real estate fund, Hammes Partners II, recently made a couple of separate acquisitions of more than $20 million apiece.

The two-story, 62,297 square foot FMH Crestwood medical office building in Frederick, Md., is 100 percent occupied by the area’s dominant hospital, Frederick Memorial. The property is being marketed by JLL’s Healthcare Capital Markets team. Photo courtesy of JLL

Hot Property: MOB houses this market’s leader

Facility is fully occupied by Maryland county’s only hospital, Frederick Memorial Name: FMH Crestwood Address: 7211 Bank Court City: Frederick, Md. Total leasable square feet: 62,297 Number of floors: 2 Number of tenants: 1 Occupancy: 100% Year built: 2010 Lease terms: 10, 14 years Lot size: 5.16 acres Parking ratio: 5/1,000 square feet Seller: Original […]

Transactions: Montecito Medical acquires MOB in Kingston, Tenn., in a $55.9 million sale-leaseback

KINGSPORT, Tenn. – Brentwood, Tenn.-based Montecito Medical recently acquired a large, fully occupied MOB in Kingsport, in the far northeastern part of the state, in a sale-leaseback transaction.

Transactions: More Healthcare Real Estate Transaction News

HSA PrimeCare, the healthcare real estate division of Chicago-based HSA Commercial Real Estate, recently acquired Elizabeth Park South Medical Center, a 42,040 square foot MOB at 70th Street and Pioneers Boulevard in Lincoln, Neb. HSA did not disclose the price, but county records indicate that it was about $8.8 million. The facility is occupied by […]

Bethesda, Md.-based Global Medical REIT recently acquired the five-story, 75,899 square foot Marina Towers medical building in Melbourne, Fla., which is anchored by First Choice offices and a medical center. Photo courtesy of First Choice Healthcare Solutions

Transactions: Global Medical REIT making inroads

Founded in 2014, HRE buyer is focused on American and international markets By John B. Mugford A relative newcomer to the healthcare real estate (HRE) space – a publicly traded real estate investment trust (REIT) that says it looks to acquire “healthcare providers’ core real estate assets worldwide” – recently made another purchase in the […]

Transactions: Harrison Street acquires Chicago MOB for $31.4M from MedProperties Group

CHICAGO – Harrison Street Real Estate Capital LLC has been quite busy lately, as it recently completed the $1.9 billion acquisition of Campus Crest Communities Inc. (NYSE: CCG).

Transactions: HFF brokers sale of MOB near New Orleans; closes others as well

GRETNA, La. – The Feil Organization, an investment, development and management firm based in New York City, recently acquired the Meadowcrest Professional Building on the campus of the 180-bed Ochsner Medical Center – West Bank Campus in Gretna, La.