Transactions

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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 – […]

Transactions: Inland Real Estate Group has acquired four MOBs so far in 2017

Transactions: Inland Real Estate Group has acquired four MOBs so far in 2017

OAK BROOK, Ill. – Oak Brook-based Inland Real Estate Group has made four MOB acquisitions with a total of about 119,000 square feet since the start of 2017, according to the company.

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 […]

The 54-unit, 64,224 square foot NeuLife Rehabilitation facility in Mount Dora, Fla., includes 20 acres of land that could be subdivided and developed.
Photo courtesy of BGLRP Healthcare Group

Hot Property: Rehab facility offers room for growth

Florida asset is leased by a growing provider and has land for future expansion Name: NeuLife Rehabilitation Address: 2725 Robie Ave. City, State: Mount Dora, Fla. Seller: NeuLife Neurological Services LLC Year opened: 2013 Size: 54 suites, 64,224 square feet Lot size: 43 acres Brokerage: Brown Gibbons Lang & Co. Brokers: Christopher Stai, Clinton Parker […]

Transaction: Montecito buys medical facility in Del Webb community in Sun City for $9.3 million

Transaction: Montecito buys medical facility in Del Webb community in Sun City for $9.3 million

SUN CITY, Ariz. – Nashville, Tenn.-based Montecito Medical Real Estate recently expanded its national portfolio by acquiring a 35,420 square foot MOB in the densely populated, master-planned retirement community of Sun City, Ariz.

Transactions: Stage Equity Partners lands multi-tenant MOB from physician owners for $14.5 million

Transactions: Stage Equity Partners lands multi-tenant MOB from physician owners for $14.5 million

BLOOMINGTON, Ill. – Chicago-based Stage Equity Partners LLC, which focuses on HRE investments, has acquired The Center for Outpatient Medicine (TCOM), a 45,150 square foot multi-specialty outpatient surgical center in Bloomington, Ill.

Transactions: Carter Validus Mission Critical REIT II buys MOBs in separate deals in Illinois, Texas

Transactions: Carter Validus Mission Critical REIT II buys MOBs in separate deals in Illinois, Texas

TAMPA, Fla. – Tampa-based Carter Validus Mission Critical REIT II (C-V REIT II), which acquires healthcare and data center properties, recently made two medical purchases.

Transactions: Encino, Calif., asset fetches $35.5 million; HFF brokers sale of ‘value-add’ MOB

ENCINO, Calif. – Holliday Fenoglio Fowler LP (HFF) announced April 6 that it was the seller’s exclusive agent for the $35.5 million sale of the nine-story, 128,243 square foot Encino Corporate Plaza on 1.18 acres at 16661 Ventura Blvd. in Encino, outside of Los Angeles.

Transactions: Local New York firm acquires fully occupied MOB on Long Island for $14.7 million

Transactions: Local New York firm acquires fully occupied MOB on Long Island for $14.7 million

NORTH HILLS, N.Y. – New York-based CHC Management Group recently acquired a 24,690 square foot MOB in North Hills, in Nassau County on Long Island, for $14.7 million, or $593 PSF.

Transactions: San Diego company acquires two, fully occupied MOBs in northern Scottsdale

Transactions: San Diego company acquires two, fully occupied MOBs in northern Scottsdale

SCOTTSDALE, Ariz. – A San Diego-based asset advisory firm recently acquired side-by-side MOBs in far northern Scottsdale, at the northeast corner of the Loop 101.

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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 […]