News Release: Fairfield Advisors announces sale of MercyOne Health Medical Building in Des Moines, IA.
– $4,350,000 Transaction – DENVER, Nov. 9, 2022 – Fairfield Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the sale of the MercyOne Health Medical Office Building in Des Moines, IA. The 17,000 square foot building was built in 2009. The anchor tenant in the building is MercyOne Health which is […]
News Release: Diversified Healthcare Trust Announces Third Quarter 2022 Results
Net Loss Attributable to Common Shareholders of $0.34 Per Share Normalized FFO Attributable to Common Shareholders of ($0.06) Per Share November 02, 2022 04:15 PM Eastern Daylight Time NEWTON, Mass.–(BUSINESS WIRE)–Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended September 30, 2022. Jennifer Francis, President and Chief Executive Officer of DHC, […]
News Release: Rendina & Artemis Acquire Medical Office Building in Clifton, NJ
NEWS PROVIDED BY Rendina Healthcare Real Estate Oct 27, 2022, 15:00 ET JUPITER, Fla., Oct. 27, 2022 /PRNewswire/ — Rendina Healthcare Real Estate (“Rendina”) is pleased to announce that they have closed on the acquisition of a 62,535-square-foot medical office building located at 1135 Broad Street in Clifton, NJ. Rendina partnered with Artemis Real Estate Partners […]
News Release: Breakthrough Properties Welcomes CRISPR Therapeutics to the Company’s Newly-Completed R&D Headquarters in Boston
NEWS PROVIDED BY Breakthrough Properties Oct 06, 2022, 09:30 ET Grand Opening for The 105 by Breakthrough Celebrates Bringing CRISPR Therapeutics’ Teams into New State-of-the-Art Life Sciences Environment BOSTON, Oct. 6, 2022 /PRNewswire/ — Breakthrough Properties (Breakthrough), a leading global developer of life sciences real estate, celebrated the completion and grand opening of The 105 by […]
News Release: EyeSouth Partners, the largest comprehensive ophthalmology platform in North America, continues its accelerating growth with a new Capital Partner, Olympus Partners
Olympus Partners replaces Shore Capital as EyeSouth primary investor ATLANTA, September 30, 2022, (BUSINESS WIRE)–EyeSouth Partners (“EyeSouth” or the “Company”), the largest comprehensive ophthalmology platform in North America, is proud to announce and welcome its new private equity firm investor, Olympus Partners. Founded in 1988, Olympus is an active, long-term investor across a broad range of industries […]
News Release: Realty Trust Group Helps Develop and Manage New UT Medical Center Orthopaedic Institute
KNOXVILLE, Tenn., Sept. 15, 2022 — Realty Trust Group (RTG) partnered with leaders from The University of Tennessee (UT) Medical Center, OrthoTennessee, and UT Research Park at Cherokee Farm to develop a new orthopaedic institute in Knoxville, TN. For a video on the project, please click here. “This joint venture facility provides the opportunity to better […]
News Release: Montecito Medical Acquires Medical Office Property Near Tucson, AZ
August 22nd 2022 Real Estate Montecito Medical has completed the acquisition of a specialty medical office property in suburban Tucson, Arizona. The building, which offers 10,270 square feet of space, is fully occupied by Tucson Orthopaedic Institute under a long-term lease. “We are excited by the opportunity to acquire another excellent asset in Arizona and […]
News Release: MedCraft Investment Partners Invests in New Regional Hub for Healthcare
FOR IMMEDIATE RELEASE Working with Not-for-Profit Health Systems Minneapolis, Minn. – August 9, 2022 – MedCraft Investment Partners, a dedicated investment platform focused exclusively on healthcare real estate, invested $25.6M in the Prairie Commons Medical Office Building located at 3563 Prairieview Street, Grand Island, Nebraska. The 61,515 square foot, multi-tenant medical office building was completed in 2022 and […]
News Release: Montecito Medical Acquires Four-Building Medical Office Portfolio
Louisville, Elizabethtown, Bardstown, KY and New Albany, IN, Aug. 9, 2022 — Montecito Medical has completed the acquisition of a four-building medical office portfolio in northern Kentucky and southern Indiana. The four properties, all 100% leased to Kentucky / Indiana Foot and Ankle Specialists, have a combined total of approximately 24,800 square feet. The four clinic […]
News Release: H2C Executes $35M in Financings for Regional Senior Living Owner/Operator
NEW YORK, June 27, 2022 — H2C Securities Inc. (“H2C”), a healthcare focused strategic advisory firm, served as the exclusive advisor to Mainstay Senior Living (“Mainstay”) to secure financing for a pipeline of acquisitions, ground-up development projects, and refinancings. Director Matthew Tarpley and Vice President Mitch Levine led the transactions for H2C. The […]
News Release: Walz Capital Expands Georgia Footprint to 76,593 SF with Acquisition of Three Property Medical Office Portfolio
ATLANTA, Ga., June 16, 2022 – Chicago-based Walz Capital announced today their acquisition of a three property, 13,985 square foot medical office building portfolio in the Atlanta metroplex. This acquisition brings their presence in the state of Georgia to 6 properties, totaling 76,593 square feet. Two of the three properties in the portfolio, which are […]
News Release: $50 MILLION GRANDVIEW MEDICAL CENTER PHYSICIANS PLAZA II COMPLETED
BIRMINGHAM, Ala., June 15, 2022 — Construction is complete on a $50 million physicians office building on the Grandview Medical Center campus. Work began two years ago on Grandview Physicians Plaza II, a five-story, 143,500-square-foot Class-A medical office and ambulatory facility on the main medical campus for Grandview Medical Center. The building is connected to […]
Feature Story: Provider puzzle: To own or not to own MOBs?
BOMA MOB conference panel ponders the inflation-driven impact of rising construction costs and rents By John B. Mugford The percentage of medical office buildings (MOBs) developed and owned by third parties has increased steadily in recent years. But will rising rents prompt hospitals and health systems to reverse that trend? That was the crux of […]
News Release: Physicians Realty Trust Reports First Quarter 2022 Financial Results
Announces $0.06 Net Income per Share and $0.27 Normalized FFO per Share for the First Quarter of 2022 First Quarter Highlights: Reported first quarter 2022 total revenue of $130.4 million, an increase of 15.0% over the prior year period. Generated first quarter net income per share of $0.06 on a fully diluted basis. Generated first […]
Feature Story: MOB sales are on a record pace
2021 medical office sales volume was the highest ever, and Q1 data suggests we could be on a pace for the sector’s first $20 billon year By John B. Mugford Prior to 2021, the high-water mark for medical office building (MOB) sales in any given year took place in 2017, when the volume was $15.5 […]
