Industry Pulse: NorthStar said to be near almost $1 billion MOB deal

NorthStar obtained this Carson City, Nev., MOB as part of its $4 billion acquisition of Griffin-American Healthcare REIT II in 2014. (Photo courtesy of LoopNet.com)

NorthStar obtained this Carson City, Nev., MOB as part of its $4 billion acquisition of Griffin-American Healthcare REIT II in 2014. (Photo courtesy of LoopNet.com)

Large foreign investor said to be interested in the firm’s massive medical office portfolio

Healthcare real estate (HRE) sector sources say that a portfolio with nearly $1 billion worth of medical office buildings (MOBs) is for sale. The MOBs are being offered by New York-based NorthStar Realty Finance (NYSE: NRF), which is in the process of forming a three-way merger with Colony Capital Inc. (NYSE: CLNY) and NorthStar Asset Management Group Inc. (NYSE: NSAM).

In preparation for the merger, NorthStar Realty Finance, a REIT that primarily invests in healthcare, hotel, manufactured housing communities, net lease and multifamily properties, said that it was looking to sell about 20 percent of its commercial real estate holdings, including healthcare facilities and MOBs.

According to sources,

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: SUBSCRIBE

Existing Users Log In
   
error: Content is protected !!
error: Content is protected !!