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Transactions: Largest single-asset MOB sale ever? 

LaSalle acquires Memorial Hermann tower for an estimated $405 million By John B. Mugford The 28-story, glass-skinned Memorial Hermann Medical Plaza in Houston is certainly one of the country’s trophy medical office assets. After all, the 510,000 square foot medical office building (MOB) is situated at the gateway of perhaps the world’s best-known medical complex, […]

News Release: Griffin-American Healthcare REIT IV Acquires Medical Office Building Near Seattle

News Release: Griffin-American Healthcare REIT IV Acquires Medical Office Building Near Seattle

SEATTLE (July 31, 2018) – American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced today that the REIT has acquired an approximately 55,000-square-foot medical office building in the Seattle suburb of Edmonds, Washington for $23.5 million. Built in 1991, Edmonds Medical Office Building underwent an extensive renovation […]

News Release: Flagship Healthcare Properties Grows REIT Portfolio With Tennessee Acquisition

News Release: Flagship Healthcare Properties Grows REIT Portfolio With Tennessee Acquisition

  Knoxville, Tennessee – July 30, 2018 – Flagship Healthcare Properties is pleased to announce it has acquired for its private REIT portfolio, the Knoxville Dermatology Group medical office building in Knoxville, Tennessee. The two story, 28,000 square foot, state-of-the-art medical office building was developed in 2015 and is occupied by Knoxville Dermatology Group, one of […]

News Release: Avison Young brokers $2.8-million sale of 32nd Street SurgiCenter in Phoenix

News Release: Avison Young brokers $2.8-million sale of 32nd Street SurgiCenter in Phoenix

ST Real Estate, LLC sells fully occupied medical office building to private trust Phoenix, AZ – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has brokered the $2.8-million sale of 32nd Street SurgiCenter, a fully occupied, 10,488-square-foot (sf) medical office building in Phoenix. Avison Young Principals, Julie Johnson and […]

News Release: Mercy Health Physicians Opening New Medical Office Complex in Deerfield Township

News Release: Mercy Health Physicians Opening New Medical Office Complex in Deerfield Township

Mercy health will open a new medical office complex in Deerfield township at the intersection of Parkway Drive and Mason Montgomery Road Deerfield, Ohio – Mercy Health – Cincinnati, which provides advanced, quality, compassionate care in your neighborhood through its care network, announces that it will open a new medical office complex in Deerfield Township […]

News Release: Montecito Medical Acquires Massachusetts Medical Office Building

News Release: Montecito Medical Acquires Massachusetts Medical Office Building

Montecito Medical Acquires Flagship Medical Office Building of Beth Israel Deaconess July 24, 2018 Nashville, Tenn. — Montecito Medical Real Estate, a premier owner of medical office buildings throughout the U.S., has acquired the Beth Israel Deaconess medical office building in Plymouth, Massachusetts. The 30,803 square-foot building is located adjacent to the 155-bed Beth Israel Deaconess Plymouth Hospital […]

News Release: HFF announces second Hartford Healthcare-anchored (Moody’s A2)  medical office building sale in central Connecticut

News Release: HFF announces second Hartford Healthcare-anchored (Moody’s A2) medical office building sale in central Connecticut

Holliday Fenoglio Fowler, L.P. (HFF) announces the $5.5 million sale of 440 New Britain Avenue, a 27,685-square-foot medical office building in the central Connecticut community of Plainville. The HFF team marketed the property on behalf of the seller, Tomasso Brothers, Inc. and procured the buyer, Atkins Companies.  The transaction follows Physician Realty Trust’s 2017 $30 […]

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News Release: Welltower Reports Second Quarter 2018 Results

Toledo, Ohio, July 27, 2018 /PRNewswire/ — Welltower Inc. (NYSE: WELL) today announced results for the quarter ended June 30, 2018. For the quarter, we generated net income attributable to common stockholders of $0.41 per share, FFO attributable to common stockholders of $1.02 per share and normalized FFO attributable to common stockholders of $1.00 per share. Quarterly Highlights Closed the acquisition of QCP and […]

News Release: Cushman & Wakefield Negotiates $11.5M Sale of Hollywood Medical Office Building

News Release: Cushman & Wakefield Negotiates $11.5M Sale of Hollywood Medical Office Building

Hollywood, FL, July 27, 2018— Cushman & Wakefield has negotiated the sale of the Hollywood Medical Office Building, a ±57,815-square-foot facility on the campus of Memorial Regional Hospital South in Broward County. The Cushman & Wakefield Capital Markets team of Scott O’Donnell, Greg Miller, Dominic Montazemi, Miguel Alcivar and Jason Hochman along with office leasing expert Donna Korn negotiated the sale on behalf of Miami-based SF Partners. A private […]

News Release: Welltower And ProMedica Health System

News Release: Welltower And ProMedica Health System

Welltower And ProMedica Health System Complete Acquisition Of Quality Care Properties And HCR ManorCare For $4.4 Billion – First of its kind partnership between Welltower and a health system propels ProMedica into the top 15 largest U.S. nonprofit health systems and scales its presence across full spectrum of care, including wellness, skilled nursing, memory care, […]

July 2018 PDF

July 2018 PDF

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July 2018

July 2018

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Germany-based Commerz Real acquired the 25-story, 389,522 square foot building at 222 E. 41st St., for $332.5 million, or $854 per square foot (PSF). (Photo by Frank Zimmerman, courtesy of Columbia Property Trust)

Transactions: Biggest single-asset MOB deal?

Unit of German bank pays $332.5M for Manhattan MOB leased by NYU Langone By John B. Mugford In what looks to be the largest investment ever made for a single medical office building (MOB) – at least to date – the real estate arm of a German bank closed in late May on the acquisition […]

Hot Property: Another large, quality MOB portfolio

Hot Property: Another large, quality MOB portfolio

Sources say that CNL Healthcare Properties is considering a sale of its 54 MOBs Name: CNL MOB Portfolio Number of buildings: 54 Square feet: 3.26 million Locations: 17 states Seller: CNL Healthcare Properties Investment in the MOBs: $931.4 million Last year, we at Healthcare Real Estate Insights™ – and others – declared 2017 to be […]

News Release: Capital One Closes $36.6 Million Loan to Meridian Senior Living for Acquisition of Ohio Senior Housing Facilities

Capital One Closes $36.6 Million Loan to Meridian Senior Living  for Acquisition of Ohio Senior Housing Facilities Bethesda, Md. (July 25, 2018) – Capital One announced today that it provided a $36.6 million adjustable-rate loan to finance the acquisition of a portfolio of three senior housing communities in Ohio. The properties were developed by Alcore Senior, which […]