October 2016 PDF
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Archives: October 2016
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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 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 2015 Archives 2014 Archives 2013 Archives […]
Cover Story: What’s in your wallet?
Healthcare real estate compensation survey unveiled By John B. Mugford Most companies in almost any sector would like to know, or sometimes feel a need to know, how the pay and benefits they provide to their employees stacks up against other, similarly sized firms in the same industry. Such information can be valuable when hiring […]
Transactions: Big sale in the heart of Houston
Iconic twin tower and another clinical building purchased by Texas Children’s By John B. Mugford One of the most recognizable medical office buildings (MOBs) in the vast Texas Medical Center just outside of Houston recently traded hands as part of a big two-building transaction between affiliated but separate health systems. The buyer, Texas Children’s Hospital, […]
Transactions: Brackett Flagship makes joint venture MOBs acquisitions in North Carolina and Virginia
CHARLOTTE, N.C. – Flagship Healthcare Real Estate Fund II LLC, a joint venture (JV) of Brackett Flagship Properties and Broyhill Asset Management, announced Sept. 8 that it had acquired a 35,854 square foot, off-campus MOB in Greensboro, N.C.
Transactions: Six years after buying MOB in Lanham, Md., Heitman- NexCore sell the asset
LANHAM, Md. – Denver-based NexCore Group and joint JV partner Heitman LLC of Chicago recently sold a 64,261 square foot MOB in Lanham that the partnership acquired in June 2011.
Transactions: G-A REIT IV announces pending MOB deal near Charlotte, N.C., and closes on three other MOBs
MINT HILL, N.C. – Griffin-American Healthcare REIT IV Inc. (G-A REIT IV) announced Oct. 6 that it has agreed to acquire a 57,800 square foot MOB in the Charlotte, N.C., suburb of Mint Hill.
Transactions: Montecito Medical Real Estate acquires 34,000 square foot eye care facility in Portland, Maine
PORTLAND, Maine – Brentwood, Tenn.-based Montecito Medical Real Estate announced Oct. 5 that it has acquired the Maine Eye Center facility at 15 Lowell St. in Portland for an undisclosed price.
Transactions: Seavest buys Virginia MOB’s twin
Private investor acquires its second building on Fair Oaks campus in Fairfax, Va. By John B. Mugford As part of its ongoing strategy of acquiring medical properties to which it can add value, White Plains, N.Y.-based Seavest Healthcare Properties LLC recently acquired another medical office building (MOB) on the campus of the 182-bed Inova Fair […]
Hot Property: Portfolio totals 187,326 square feet
Newly constructed facilities are in Fort Worth, Houston, Austin and Pittsburgh Name: IRA Medical Portfolio Number of buildings: 5 Locations: Texas, Pennsylvania Total square footage: 187,326 Occupancy: 100% Avg. remaining lease term: 8.4 years Seller: IRA Capital Brokerage: HFF Group: National Medical Office Advisors Brokers: Philip Mahler, Evan Kovac Even though demand continues to run […]
Transactions: HR lands MOB with off-market offer
Publicly traded REIT acquires on-campus MOB in Leesburg, Va., for $42.25M By John B. Mugford Nashville, Tenn.-based Healthcare Realty Trust Inc. (NYSE: HR), a publicly traded real estate investment trust (REIT) that focuses mostly on medical office buildings (MOBs), recently found a property in Leesburg, Va., that wasn’t necessarily on the market.
Transactions: America pays $525 PSF for fully occupied MOB in Dedham, Mass.
DEDHAM Mass. – New York-based RREEF Property Trust Inc., a non-listed REIT sponsored by RREEF America LLC, recently acquired a 66,000 square foot MOB in Dedham, about 20 miles southwest of downtown Boston.
Transactions: Tempe, Ariz., investor acquires 10-story, 92,000 square foot MOB in downtown Indianapolis
INDIANAPOLIS – Tempe, Ariz.-based SANTÉ Realty Investments in recent months closed on the acquisition of the 10-story, 92,000 square foot Meridian Medical Building at 3266 N. Meridian St. in downtown Indianapolis.
Transactions: Miller Investment acquires MOB occupied by Children’s Hospital of Philadelphia
PHILADELPHIA – West Conshohocken, Pa.-based Miller Investment Management recently acquired a 74,348 square foot MOB that is fully occupied by Children’s Hospital of Philadelphia (CHOP) for $25.5 million, or $343 PSF, according to data from RCA Inc.