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Companies & People: DOC picked up the pace in late 2020

Companies & People: DOC picked up the pace in late 2020

REIT invested $208.2 million in Q4 after a slow first three quarters of the year By John B. Mugford Like a number of the other publicly traded healthcare real estate investment trusts (REITs), Milwaukee-based Physicians Realty Trust (NYSE: DOC) slowed its investment activity throughout most of the pandemic-ridden year of 2020. But as the year […]

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Feature Story: Economist imparts positive outlook for the economy, healthcare HRE

Feature Story: Economist imparts positive outlook for the economy, healthcare HRE

Ryan Severino of JLL shares optimism about the economy, healthcare and HRE By John B. Mugford Unlike other past economic crises, the current one is quite different in that it is dominated by a pandemic hindering both the supply side and the demand side of the economy simultaneously. This double-edged sword has, at least so […]

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Feature Story: MOB construction remains strong

Feature Story: MOB construction remains strong

Revista data also shows that third-party developers grew market share in 2020 By John B. Mugford Although many healthcare real estate (HRE) professionals correctly predicted that medical office building (MOB) sales would remain strong during the COVID-19 pandemic, they did express some concern that construction numbers would fall as providers would be forced to focus […]

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Transactions: Q4 rally propels 2020 MOB sales above $10B once again

Transactions: Q4 rally propels 2020 MOB sales above $10B once again

RCA has 2020 MOB sales at $11.3B; ‘Preliminary’ Revista sales are $10.2B By John B. Mugford Coming into last year, there seemed to be no question that total sales volume in the red hot medical office building (MOB) market would surpass what had become the annual benchmark: $10 billion. But then the COVID-19 pandemic made […]

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Among the facilities offered in the 30-property, 806,885 square foot Cornerstone Medical Office Building Portfolio is the 61,263 square foot Jervey Eye Group MOB & ASC in Greenville, S.C.
Photo courtesy of Newmark

Hot Property: 806,885 square foot, 95% occupied portfolio hits the market

Cornerstone offering could fetch upwards of $250M; Newmark is the broker Although medical office buildings (MOBs) have become well accepted as a desired asset class for an ever-widening pool of investors, large portfolio offerings tend to be a rather rare commodity. In fact, through the first three quarters of 2020, single-asset transactions accounted for about […]

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Feature Story: MOB space still steady, Revista says

Feature Story: MOB space still steady, Revista says

Sales (which topped $10 billion), construction, occupancy remain strong By John B. Mugford This might be considered a somewhat boring news lead: Most of the statistics used to reflect the state of the medical office building (MOB) sector, including occupancy, construction completions and starts, absorption of new space, the sales volume and pricing, remained steady […]

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Feature Story: Sanders and Starr were a winning combination

Feature Story: Sanders and Starr were a winning combination

HREI’s 2020 Lifetime Achievement Award co-winners built The Sanders Trust into one of the HRE’s sector longstanding, respected firms By John B. Mugford Early in his career in commercial real estate, Rance Sanders came up with what seemed to be a great idea for a new business. At least he thought so. “I told my […]

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Feature Story: Mark Toothacre named top exec

Feature Story: Mark Toothacre named top exec

PMB president proud of building firm’s reputation and long-term relationships By Connie M. McCaffrey Those who know PMB President Mark D. Toothacre describe a visionary but humble and mentoring leader who is quick to share opportunities and recognition with others. That selflessness – along with an enviable track record – has earned Mr. Toothacre the […]

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Feature Story: Kaiser remains on a roll (for real estate ownership)

Feature Story: Kaiser remains on a roll (for real estate ownership)

Revista’s Top 50 ownership report also shows inventory growth, strong construction By John B. Mugford It sounds like a broken record — or to be more up to date, a faulty MP3 recording. However, once again, as has been the case for the past seven years, Oakland, Calif.-based Kaiser Permanente, the giant health insurance firm […]

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Cover Story: Remedy: New name, same aim

Cover Story: Remedy: New name, same aim

The firm has rebranded, but the former MBRE Healthcare team is sticking to the successful formula that has made it the nation’s largest private owner of MOBs By John B. Mugford The year was 2009, amid the throes of the Great Recession. Peter Westmeyer had joined MB Real Estate in Chicago a couple of years […]

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September/October 2020

September/October 2020

Please click on one of the options below to access the current edition of Healthcare Real Estate Insights™ in your preferred format (paid subscription required): PDF (“snapshot” of entire publication) Website (individual articles)   2020 Archives 2019 Archives 2018 Archives 2017 Archives 2016 Archives 2015 Archives 2014 Archives 2013 Archives The full content of this […]

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News Release: Recent Closing - MOB/ASC

News Release: Recent Closing – MOB/ASC

RECENT CLOSING CLOSING DATE – FEBRUARY 2020 MEDICAL OFFICE / SURGERY CENTER CLOSING LOCATION – NORTHEAST PRICE – $7,650,000 SF – 20,000 SF The CREG – U.S. Healthcare Investment Sales practice is pleased to announce the sale of the below medical office & surgery center. The property is located in a top 30 MSA market […]

News Release: Hoefer Welker and USFP to build VA care center in Jacksonville, Fla.

News Release: Hoefer Welker and USFP to build VA care center in Jacksonville, Fla.

FOR IMMEDIATE RELEASE March 1, 2021 Hoefer Welker-US Federal Properties team selected for new VA Outpatient Clinic State-of-the-art healing campus in Jacksonville to include residential rehab and treatment services for homeless veterans Kansas City, Mo. — Hoefer Welker, a Kansas City-based architecture firm, and US Federal Properties (USFP), a Kansas City-based developer, have been selected […]

Thought Leaders: CBRE Winter 2021 National Healthcare & Life Sciences Real Estate Investor Update

Thought Leaders: CBRE Winter 2021 National Healthcare & Life Sciences Real Estate Investor Update

QUARTERLY NEWSLETTER NATIONAL HEALTHCARE & LIFE SCIENCES REAL ESTATE INVESTOR UPDATE WINTER 2021 FEATURE ARTICLES included in the Winter 2021 issue: Strong Fourth Quarter Brings 2020 to a Close Capital Flows into the Life Sciences Sector from All Avenues CLICK HERE CBRE U.S. HEALTHCARE & LIFE SCIENCES CAPITAL MARKETS CHRIS BODNAR Vice Chairman Investment Properties […]

News Release: Deal Announcement (CRE) | BMO provides a $76.0 Million Credit Facility for Artemis Real Estate Partners

News Release: Deal Announcement (CRE) | BMO provides a $76.0 Million Credit Facility for Artemis Real Estate Partners

BMO Harris Healthcare Real Estate Finance provides a $76.0 Million Credit Facility for Artemis Real Estate Partners BMO Harris Bank’s Healthcare Real Estate Finance group announces that it has closed on a $76.0 million term loan to Artemis Real Estate Partners for the acquisition of a portfolio of medical office buildings. The portfolio consists of […]

Thought Leaders: New Report - 2021 Investor Outlook for 7 Property Types

Thought Leaders: New Report – 2021 Investor Outlook for 7 Property Types

2021 INVESTMENT OUTLOOK Compendium of 7 Property Types Commercial Real Estate 2021: Adapting to the New Normal; Trends, Insights and Outlook for Seven Major CRE Property Types Both the economy and commercial real estate face a dramatic pandemic-induced transformation that could reshape every investor’s strategy in 2021. To offer broader perspective, the Marcus & Millichap […]

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News Release: Montecito Medical Acquires PHX Metro MOB Asset for $6.5 Million

For Immediate Release Cushman & Wakefield’s Healthcare Capital Markets Team Advises Sale of Class A Medical Office Building in Chandler, AZ Asset 100% leased to a top health system sells for $6.54 million PHOENIX, Ariz, March 1, 2021 – Cushman & Wakefield announced the firm has represented the Seller in the sale of a freestanding […]

News Release: Just Sold - Hugh R. Black Medical Pavilion, Spartanburg, SC

News Release: Just Sold – Hugh R. Black Medical Pavilion, Spartanburg, SC

MARCH 1, 2021 CBRE HEALTHCARE & LIFE SCIENCES CAPITAL MARKETS JUST SOLD HUGH R. BLACK MEDICAL PAVILION Spartanburg, SC TRANSACTION HIGHLIGHTS DATE SOLD: 02/23/2021 SIZE: 108,878 SF OCCUPANCY: 92% HUGH R. BLACK MEDICAL PAVILION CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of the Hugh R. Black Medical Pavilion (the […]

News Release: Birmingham Firm Names Leader for New Program

News Release: Birmingham Firm Names Leader for New Program

FOR IMMEDIATE RELEASE February 24, 2021 Michelle Long Joins Johnson Healthcare Real Estate Project Management Team Birmingham, Ala. — Johnson Healthcare Real Estate, a leading privately-owned firm specializing in the planning, financing, development, and management of medical facilities, welcomes Michelle Long to its Birmingham staff. She will serve as Program Manager for Johnson’s Facility Assessment […]

News Release: Universal Health Realty Income Trust Reports 2020 Fourth Quarter And Full Year Financial Results

News Release: Universal Health Realty Income Trust Reports 2020 Fourth Quarter And Full Year Financial Results

Consolidated Results of Operations – Three-Month Periods Ended December 31, 2020 and 2019: NEWS PROVIDED BY Universal Health Realty Income Trust  Feb 25, 2021, 16:20 ET KING OF PRUSSIA, Pa., Feb. 25, 2021 /PRNewswire/ — Universal Health Realty Income Trust (NYSE:UHT) announced today that for the three-month period ended December 31, 2020, net income was $5.0 million, or $.36 per diluted share, as […]

News Release: Davis to develop 2-story, 40,000-square-foot 610 Medical building in Brooklyn Park, Minn.

News Release: Davis to develop 2-story, 40,000-square-foot 610 Medical building in Brooklyn Park, Minn.

The planned Class A, 40,000-square-foot 610 Medical building will be in a highly visible, convenient location fronting Highway 610 in Brooklyn Park, Minn. MINNEAPOLIS, Feb. 25, 2021 – As part of a long-term strategy to offer convenient outpatient surgery centers throughout the Twin Cities, Allina Health (one of Minnesota’s largest health systems with 11 hospitals […]

News Release: 2021 Peachtree Medical Office Building Poised To Break Ground In Buckhead Atlanta

News Release: 2021 Peachtree Medical Office Building Poised To Break Ground In Buckhead Atlanta

Transwestern Preleasing 75,000 SF, Class A Project in High-Demand Market (FEB. 25, 2021 – ATLANTA) – Transwestern Real Estate Services (TRS) announces 2021 Peachtree Medical, a 75,000-square-foot medical office development across from Piedmont Atlanta Hospital, Marcus Tower, and The Shepherd Center in Buckhead Atlanta, will break ground this month. Transwestern Senior Managing Director Steve Hall, […]

News Release: Realty Trust Group expands footprint and resources into Florida and Texas

News Release: Realty Trust Group expands footprint and resources into Florida and Texas

FOR IMMEDIATE RELEASE RTG opens new office in Tampa, expands to Texas market KNOXVILLE, TN. — Healthcare real estate advisory, development and management firm Realty Trust Group (RTG) announces expansion into two key regional healthcare markets, expanding its geographic presence and service offerings. “We are excited to announce our continued investments into Florida and Texas. […]

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News Release: Physicians Realty Trust Reports Fourth Quarter 2020 Financial Results

PRESS RELEASE Company Release – 2/25/2021 Announces $0.08 Net Income per Share and $0.26 Normalized FFO per Share for the Fourth Quarter of 2020 Announces Fourth Quarter Investment Activity of $208.2 million and 2020 Investment Activity of $275.5 million Fourth Quarter and Recent Highlights: Reported fourth quarter 2020 total revenue of $111.4 million, an increase of 3.7% […]

News Release: New Senior Announces Fourth Quarter and Full Year 2020 Results

News Release: New Senior Announces Fourth Quarter and Full Year 2020 Results

02/25/2021 NEW YORK–(BUSINESS WIRE)– New Senior Investment Group Inc. (“New Senior” or the “Company”) (NYSE: SNR) announced today its results for the quarter ended and full year ended December 31, 2020. FULL YEAR 2020 & FOURTH QUARTER 2020 FINANCIAL HIGHLIGHTS Full year 2020 highlights: Net loss of $6.2 million or $(0.08) per diluted share Total […]

News Release: Diversified Healthcare Trust Announces Fourth Quarter 2020 Results

News Release: Diversified Healthcare Trust Announces Fourth Quarter 2020 Results

Fourth Quarter Net Loss Attributable to Common Shareholders of $0.07 Per Share Fourth Quarter Normalized FFO Attributable to Common Shareholders of $0.09 Per Share February 24, 2021 04:05 PM Eastern Standard Time NEWTON, Mass.–(BUSINESS WIRE)–Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended December 31, 2020. “The commencement of vaccine distribution […]