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Feature Story: ASCs are attracting more investors
Newmark report: 2021 transaction volume was $316M; cap rate was 6.02 percent By John B. Mugford Medical office buildings (MOBs) are certainly one of the hottest property types in the commercial real estate investment world. This is evident by the record-breaking sales volume of MOBs in 2021 which, according to healthcare real estate (HRE) data […]
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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 […]
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Feature Story: A delicious MOB deal came together over breakfast
BOMA MOB conference panel provides a glimpse at how their biggest transactions were done By John B. Mugford There are many ways to cook up a healthcare real estate (HRE) deal. Some follow the usual recipe, as when a brokerage firm hired by the seller puts a medical office building (MOB), or a portfolio of […]
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Cover Story: Partnerships: Powering healthcare real estate to the next level
By Murray W. Wolf Partnerships are nothing new in commercial real estate. In fact, a partnership is probably the most common ownership model for most types of commercial property, including healthcare real estate (HRE). But what’s different about partnerships in today’s HRE space is their rapidly expanding size and scope, as well as who’s doing […]
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Companies & People: A top broker is now an investor
Chris Bodnar leaves CBRE to co-found and lead Denver-based Prescriptive Capital By John B. Mugford For more than a decade now, Christopher R. “Chris” Bodnar has been one of the most prolific, best-known medical office building (MOB) sales brokers in the industry. During his tenure at CBRE Group Inc. (NYSE: CBRE), where he started the […]
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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 […]
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Feature Story: Development is digging back in
After a predictable plunge in 2020 due to COVID-19, construction is cranking By Murray W. Wolf Healthcare real estate (HRE) development activity roared back last year, and it looks like the building boom will continue into 2022. There was a predictable plunge in HRE development in 2020 due to the COVID-19 pandemic, as the total […]
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Feature Story: MOB sales are off to a hot start: $3.8 billion in Q1 2022
It will likely be the biggest quarter ever by the time all the data is in, Revista says By John B. Mugford The year 2021 got off to what could certainly be described as a lackluster start in terms of medical office building (MOB) sales. In fact, the first quarter (Q1) of 2021 saw an […]
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Feature Story: Third-party development continued to grow in 2021
Revista annual report showed a strong year overall; HTA was the largest developer By John B. Mugford As it’s done for the past five years, healthcare real estate (HRE) data firm Revista has compiled an outpatient development report from provides a ranking of the largest (by square footage) third-party HRE developers of the previous year. […]
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Feature Story: U.S. economy: shaking off the shocks
Despite some ‘strange days indeed,’ economist Sam Chandan sahred a mostly upbeat assessment during Revista’s 2022 medical real estate conference By John B. Mugford In John Lennon’s renowned song “Nobody Told Me,” the legendary singer and musician sang the famous line, “Strange days indeed … strange days indeed.” In introducing a well-known economist during a […]
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News Release: Anchor Health Properties Commences Construction on a New Build to Suit Specialty Eye Center in Maryville, Tennessee
FOR IMMEDIATE RELEASE May 27, 2022 (Knoxville, TN) – Continuing efforts to enhance specialty healthcare in the Knoxville, Tennessee area, Anchor Health Properties (Anchor), a national full-service healthcare real estate development, management, and investment company focused exclusively on medical facilities, is serving as owner’s representative and project manager on a new 5,000 square foot build-to-suit […]
News Release: Vitalis advises on Sale of $29.75M InterMed Medical Campus in Portland, ME
The off-market transaction closed May 27th, 2022. Portland, ME (May 27, 2022) Vitalis advised Remedy Medical Properties on the acquisition of a 76,672-square-foot medical campus located at 100 Foden Rd in South Portland, ME. Remedy purchased the asset for $29,750,000 from a local investor. The property consists of two medical office buildings 95% leased to […]
News Release: NexCore Group Names Jeff Slichta as its Chief Operating Officer of Experience Senior Living
Mr. Slichta, an accomplished industry executive, joins the Denver-based seniors housing owner-operator after roles with Sunrise Senior Living, Marriott Senior Living Services, and other firms DENVER, May 24, 2022 – Denver-based NexCore Group, a national healthcare real estate (HRE) developer, today announced the hiring of seniors housing industry veteran, Jeff Slichta, as Chief Operating Officer […]
News Release: Vitalis & Advenir Acquire 40,000 SF Lee Health MOB in Fort Myers, FL
The off-market transaction closed on May 19th, 2022. Vitalis and Advenir, acquired a 40,000 SF medical office building in Fort Myers, FL, 100% occupied by Lee Health on a NNN lease. The building was developed as a build to suit for the health system in 2017. The mission critical outpatient facility is strategically located across […]
News Release: Legal & General Capital makes first U.S. investment, with seed capital for $4 billion platform to fund major life science and technology assets across multiple regional U.S. markets
25 May 2022 Legal & General Capital and U.S.-based real estate developer Ancora establish landmark 50:50 partnership as LGC internationalizes its platform to drive shareholder value Legal & General Capital (LGC) today announced that it has formed a 50:50 partnership with U.S.-based real estate developer Ancora to create a real estate platform dedicated to driving […]
News Release: Montecito Medical Acquires Surgery Center Building in Wichita, KS
May 25, 2022 10:08 AM Eastern Daylight Time NASHVILLE, Tenn.–(BUSINESS WIRE)–Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of the Cypress Surgery Center building in Wichita, Kansas. The property, which offers approximately 33,600 square feet of space, is 100% leased to Cypress Surgery Center. “We are pleased […]
News Release: Just Closed – Beverly Hills & Santa Monica Medical Office Collection
Capital Markets | Healthcare & Life Sciences Just Closed Trophy Medical Office Portfolio Anchored by Cedars-Sinai Medical Center and UCLA Health CBRE Transaction Highlights Date Closed 04/29/2022 Size 107,538 SF Occupancy 92% Beverly Hills & Santa Monica Medical Office Collection CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the closing of Beverly Hills & […]
News Release: Orthopedic Care Partners Expands Footprint in The Villages with Additional Medical Office Building and Ambulatory Surgery Center
May 24, 2022 09:00 AM Eastern Daylight Time GAINESVILLE, Fla.–(BUSINESS WIRE)–Orthopedic Care Partners (OCP), a strategic partner and support organization for top-performing orthopedic practices currently comprised of The Orthopaedic Institute (FL), The Steadman Clinic (CO), Motion Orthopaedics (MO), Tucson Orthopaedic Institute (AZ), and other leading affiliated practices, today announced that The Orthopaedic Institute (TOI) is […]
News Release: Easterly Government Properties Completes Acquisition of VA – Marietta, the Sixth of 10 Properties in the VA Portfolio
May 23, 2022 09:00 AM Eastern Daylight Time WASHINGTON–(BUSINESS WIRE)–Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today that it has, through its joint venture (“JV”), completed the acquisition of the […]
News Release: Sila Realty Trust, Inc. Completes Acquisition of Pleasant Hills Medical Office Building for $14.0 Million
May 19, 2022 03:41 PM Eastern Daylight Time TAMPA, Fla.–(BUSINESS WIRE)–Sila Realty Trust, Inc. (the “Company”), a public, non-traded real estate investment trust focused on healthcare properties, today announced the acquisition of a multi-tenant medical office building located in Pleasant Hills, Pennsylvania (the “Pleasant Hills Healthcare Facility”) for a contract purchase price of $14.0 million, […]
News Release: Laramar Group Acquires UC Health Orchards Medical Center in Colorado
Laramar Group Acquires UC Health Orchards Medical Center; 41,580-SF Medical Office Building is in Loveland, CO market May 23, 2022 – The Laramar Group, a leading national real estate investment and property management company, has acquired UC Health Orchards Medical Center at 221 E. 29th St., Loveland, CO for its Laramar Medical Properties Fund I. The […]
News Release: Anchor Health Properties Closes on Nearly 36,000 Square Foot Off Market Transaction in Greater Atlanta MSA
FOR IMMEDIATE RELEASE May 23, 2022 (Atlanta, GA) Continuing to grow the company’s multi-asset owned and managed portfolio across Georgia, Anchor Health Properties (Anchor), a national, full service healthcare real estate development, management, and investment company focused exclusively on healthcare facilities, recently closed on a two story, 35,497 square foot Class A outpatient medical office […]
News Release: Sold – Brand New State-of-the-Art MOB & ASC | Flagstaff, AZ
SOLD STATE-OF-THE-ART BRAND NEW MOB ASC Flagstaff, AZ Sale Announcement HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a brand new medical office building and integrated ambulatory surgery center located in Flagstaff, AZ. Recently completed in 2022, the state-of-the-art facility was specially designed and built for Northern Arizona […]
News Release: JUST CLOSED I Tustin Medical Arts Center | ±45,771 SF Total
Just Closed Tustin Medical Arts Center Tustin, California Successfully Represented Buyer and Seller Transaction Highlights + Attractive Centrally Located Multi-Tenant Medical Office Portfolio with Cash Flow in the Heart of Tustin + Excellent Four-Building Office Space Featuring Signage Opportunities Adjacent to a Signalized Intersection, Low-Rise Building Access, and Exceptional Neighboring Retail Amenities + CBRE Best in Class […]
