Transactions

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News Release: HFF arranges $28.5 million sale and JV for Torrey Hills Medical Plaza in San Diego

HFF arranges $28.5 million sale and joint venture partnership for the acquisition of Torrey Hills Medical Plaza in San Diego SAN DIEGO, CA – June 21, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged the $28.5 million sale of Torrey Hills Medical Plaza, a 44,091-square-foot, Class A medical office building […]

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

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

NEWS PROVIDED BY American Healthcare Investors 15 Jun, 2017, 14:00 ET ATLANTA, June 15, 2017 /PRNewswire/ — 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 Lawrenceville Medical Office Building in the Atlanta suburb of Lawrenceville, Georgia. Built in 2005, the approximately […]

News Release: Healthcare Trust of America Announces 2Q Investment Activity

13 Jun, 2017, 14:53 ET SCOTTSDALE, Ariz., June 13, 2017 /PRNewswire/ — Healthcare Trust of America, Inc. (NYSE: HTA), announced today that it has successfully executed on the majority of its previously announced 2Q investments; closing on approximately $2.3 billion of properties, raising $2.7 billion of capital, and adding a best-in class development platform. This execution […]

MedProperties Holdings and Cypress West formed a joint venture to acquire the 54,923 square foot, Class A Riverwalk Medical Plaza in Bakersfield, Calif. Major tenants include Dignity Health, Quest Diagnostics, Children’s Hospital of Los Angeles and GEM Physicians Medical Group. (Photo courtesy of MedProperties)

News Release: MedProperties Holdings and Cypress West acquire Riverwalk Medical Plaza in California

The 54,923 square foot facility is in the premium, sought-after Bakersfield market and includes a value-add, vacant 5,500 square foot space that will provide incremental, long-term revenue BAKERSFIELD, Calif., and DALLAS, June 7, 2017 – The newest joint venture acquisition from MedProperties Holdings LLC has it all: immediate cash flow; a value-add space with additional […]

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News Release: Cornerstone Companies Inc. MOB Fund II Spends $22.6 Million To Acquire Three Medical Office Buildings

FOR IMMEDIATE RELEASE INDIANAPOLIS, IN (May 30, 2017) – Cornerstone Companies, Inc. recently announced the acquisition of three health care real estate properties totaling 82,000 square feet in Indiana, Kentucky, and Colorado with an aggregate purchase price of $22.6 million. The properties were acquired by Cornerstone MOB Fund II, a private equity fund focused solely […]

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News Release: Houston: IPA Brokers $58M Medical Office Portfolio Sale

FOR IMMEDIATE RELEASE         Institutional Property Advisors Brokers $58 Million Sale Of Medical Office Portfolio Near Houston HOUSTON, June 6, 2017 – Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, announced the $58 million sale of a portfolio of fully leased medical office properties outside […]

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News Release: Cypress West Adds Bakersfield MOB to Healthcare Portfolio

Cypress West Partners Acquires Riverwalk Medical Plaza Rancho Santa Margarita, CA (May 31, 2017) – Cypress West Partners announced that it has acquired Riverwalk Medical Plaza, a 54,923-square-foot campus-adjacent medical office building located at 9450-9500 Stockdale Hwy. in Bakersfield.  The Southern California-based healthcare investment, leasing and property management firm acquired the property in a joint […]

Washington, D.C.-based Easterly Government Properties Inc., a publicly traded real estate investment trust (REIT), recently agreed to acquire its first two healthcare properties operated by the U.S. Dept. of Veterans Affairs (VA). The facility shown is one of them: the newly opened, 327,614 square foot VA ambulatory care center in Loma Linda, Calif.
Photo courtesy of Easterly Government Properties

Transactions: Government REIT enters VA arena

Easterly REIT to spend $260M on federal outpatient centers in California, Indiana By John B. Mugford With a long-term lease backed by a government agency, a built-in patient base of military veterans and brand new construction, the Dept. of Veterans Affairs (VA) ambulatory care center in Loma Linda, Calif., was sure to attract investors – […]

The largest medical office building (MOB) transaction of the first quarter (Q1) of 2017 was the $111 million acquisition by the University of Southern California (USC) of a 148,247 square foot MOB at 1450 San Pablo St. on the USC Health Science Campus in Los Angeles. The building is leased by USC’s Keck School of Medicine. The seller was the UCLA-affiliated Doheny Eye Institute, which was represented by Charles Dunn and Kennedy Wilson.
Photo courtesy of UCLA

Transactions: MOB sales drop a bit in Q1 2017

First quarter’s volume was $1.82 billion, according to Real Capital Analytics By John B. Mugford The incredible run that medical office building (MOB) sales have been on in recent years is due to come to an end, or at least come to a slowdown, at some point, according to conventional wisdom as well as a […]

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News Release: Griffin-American Healthcare REIT IV Acquires Two-Building Medical Office Building Portfolio in Athens, Georgia

ATLANTA, May 24, 2017 /PRNewswire/ — 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 the two-building Athens Medical Office Building Portfolio in Athens, Georgia, approximately 70 miles east of Atlanta. Built in 2007, the approximately 61,000-square-foot Athens Medical Office Building […]

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News Release: Caddis completes four major medical office building closings in one day

‘Strong company growth’ includes two acquired MOBs in Texas, the sale-leaseback of six-building portfolio in Illinois, refinanced MOBs and more DALLAS, May 24, 2017 – In one fast-paced, remarkable day, Caddis completed four major medical office building (MOB) closings, including acquisitions, a refinancing, a sale-leaseback transaction and the formation of a new holding company that benefits […]

Bull Realty brokered the sale of “The Exchange,” two identical medical office buildings totaling 61,203 SF in Athens, GA. (Photo courtesy of Bull Realty)

News Release: Bull Realty Brokers $16.8 Million Medical Office Building in Athens, GA

ATLANTA (May 22, 2017) — Paul Zeman, President of Healthcare Real Estate Services at Bull Realty, brokered the sale of “The Exchange,” two identical medical office buildings totaling 61,203 SF in Athens, GA. The sale closed on May 18, 2017 for $16.8 million. The Exchange was built in 2007 by Bell Harrison Development. St. Mary’s […]

News Release: Medical Properties Trust, Inc. to Invest $1.4 Billion in Ten Acute Care Hospitals and One Behavioral Health Facility

Investor Relations Press Release Acquisitions Immediately Accretive to Normalized FFO by Approximately $0.10 Per Share    BIRMINGHAM, Ala.–(BUSINESS WIRE)–May 19, 2017– Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that it has signed definitive agreements to acquire the real estate interests of ten acute care hospitals and one behavioral health facility […]

HREI has learned that a Caddis partnership acquired 1393 George Dieter Drive in El Paso, Texas, as part of the transaction. (Photo courtesy of Caddis)

News Release: Capital One Closes $32.7 Million Loan for Medical Office Building Portfolio

FOR IMMEDIATE RELEASE Capital One Closes $32.7 Million Loan for Medical Office Building Portfolio Bethesda, Md. (May 17, 2017) – Capital One announced today that it provided a $32.7 million loan for a portfolio of six medical office buildings in Florida, Georgia, South Carolina and Texas, totaling 186,000 square feet. Caddis Healthcare Real Estate—an investment, development […]

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News Release: Recent MOB Sale – Rainier Orthopedic Institute

Global Healthcare Services Structures Tax-Efficient Seller Reinvestment for Seattle MOB Disposition Written by: Jonathan Kesler, Global Healthcare Services The Newmark Grubb Knight Frank Global Healthcare Services team recently closed the on the sale of the Rainier Orthopedic Institute in Puyallup, WA. Anchored by Proliance Orthopedic Associates, a dominant provider of orthopedic care in the Puget […]