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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, […]

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 […]

Entries now open for sixth annual HREI Insights Awards

Entries now open for sixth annual HREI Insights Awards

Healthcare Real Estate Insights™ magazine announces that entries are now open for the Sixth Annual HREI Insights Awards, recognizing excellence in healthcare real estate. Entries are due Monday, Oct. 1, 2018. About the HREI Insights Awards™ The HREI Insights Awards™ were established by Healthcare Real Estate Insights™ magazine in 2013 to recognize excellence in healthcare real […]

News Release: LaSalle Acquires Memorial Hermann Medical Plaza in Houston

News Release: LaSalle Acquires Memorial Hermann Medical Plaza in Houston

Trophy Medical Office Tower Located in the World’s Largest Healthcare Complex Houston (July 24, 2018) – LaSalle Investment Management (“LaSalle”) announced today that it has acquired Memorial Hermann Medical Plaza (“MHMP” or “the property”), a trophy medical office tower in Houston, on behalf of its U.S. core open-end real estate fund, LaSalle Property Fund (“LPF”). […]

News Release: Hoffman Facility Opening

News Release: Hoffman Facility Opening

Minnewaska Community Health Completes Hoffman Project  Hoffman, Minn., (July 23, 2018) –  Minnewaska Community Health Services (MCHS) is proud to announce the opening of its newest facility, Hoffman Senior Living, which is committed to serving those living in Hoffman, Minn., and the surrounding area. Hoffman Senior Living is a one-story facility offering 10 assisted living units […]

News Release: Capital One Closes $242.7 Million Loan to Recapitalize Seniors Housing Portfolio

Bethesda, Md. (July 23, 2018) – Capital One announced today that it acted as sole lead arranger, sole bookrunner, and administrative agent on a $242.7 million senior secured term loan for a joint venture managed by Seattle based alternative investment firm, Columbia Pacific Advisors. The proceeds were used to facilitate the recapitalization and acquisition of a […]