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Feature Story: ‘Bigger was better’ for debt in 2025

Amid a resurgence in portfolio deals, lenders stepped up, Revista panelists say By John B. Mugford As those involved in the medical outpatient building (MOB) sales business are well aware, portfolio deals made a big comeback in 2025, especially in the second half of the year. The return of the portfolio, as it turns out, […]

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Feature Story: HRE activity is showing an encouraging uptick

Feature Story: HRE activity is showing an encouraging uptick

New RevistaMed data reveals a rise in both sales and development By John B. Mugford This might be the news we’ve been waiting for. One year ago, at the Revista Medical Real Estate Investment Forum (MREIF) in Palm Beach Gardens, Fla., the Revista team reported that healthcare real estate (HRE) activity had remained “muted” during […]

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Feature Story: PJ Camp: There from the beginning

Feature Story: PJ Camp: There from the beginning

He closed $17 billion in transactions and helped to create the HRE sector By John B. Mugford In a way, perhaps Philip J. “PJ” Camp did stumble into a business sector that, while it would eventually take off and grow, wasn’t even considered a business sector back in the mid-1990s. But then again, he does […]

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News Release: 2025 HREI Insights Awards Winners announced

News Release: 2025 HREI Insights Awards Winners announced

FOR IMMEDIATE RELEASE Healthcare Real Estate Insights™ presents awards to the 2025 winners of the only comprehensive national program recognizing excellence in healthcare real estate RANCHO PALOS VERDES, Calif., Feb. 3, 2026 – Healthcare Real Estate Insights™ has announced the Winners of the 2025 HREI Insights Awards™, the only national awards dedicated to recognizing excellence […]

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Feature Story: 85% of MOB investors plan to invest more in 2026

Feature Story: 85% of MOB investors plan to invest more in 2026

Optimism abounds in CBRE’s annual survey and ‘State of the Market’ webcast By John B. Mugford NATIONAL – Although there are still some potential hurdles to overcome for the healthcare real estate (HRE) sector, optimism among those involved is about as high as it can get heading into the rest of 2026. In fact, according […]

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Feature Story: U.S. healthcare industry outlook? Not great.

Feature Story: U.S. healthcare industry outlook? Not great.

During Cushman webinar, Advisory Board speaker explores the many challenges By John B. Mugford As for the current status of the U.S. healthcare system, things are not looking all that good on a number of fronts. For example, the country is on the verge of losing many of the safety nets available to the most […]

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Newmark’s U.S Healthcare Capital Markets leadership team includes (from left to right): Vice Chairmen John Nero, Jay Miele and Ben Appel; Senior Managing Director Michael Greeley; and Vice Chairman Justin Shepherd.
Photo courtesy of Newmark

Cover Story: Q&A with Newmark’s HRE group

After $4.3 billion in 2025 volume, the team discusses its 2026 outlook By John B. Mugford It was only five years or so ago, in 2020, when the U.S. Healthcare Capital Markets team at New York-based Newmark Group Inc. (Nasdaq: NMRK) was built “from the ground up,” as one of the professionals on the team […]

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Feature Story: MOB sales increased in 2025

Feature Story: MOB sales increased in 2025

GlobeSt. panel says a more receptive lending environment buoyed investment Session also offered an inside look at the historic Welltower portfolio transaction By John B. Mugford As far as the owners of healthcare real estate (HRE) facilities are concerned, there are several reasons to be optimistic that the transaction market is seeing an uptick from […]

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Feature Story: Top 10 healthcare real estate stories of 2025

Feature Story: Top 10 healthcare real estate stories of 2025

Growing optimism, lower interest rates and the biggest MOB deal ever NATIONAL – If there was a major change in the healthcare real estate (HRE) and medical outpatient building (MOB) sector that took place in 2025, it was that optimism, at least from a growing number of professionals involved in space, was on the rise […]

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One of the 24 buildings that IRA Capital acquired from Healthcare Realty Trust is the 99,526 square foot Doctors Office Building III on the campus of the 342-bed Ascension Saint Alexius hospital in Hoffman Estates, Ill, outside of Chicago.
Photo courtesy of Newmark

Transactions: IRA acquires 24 MOBs from HR

Newmark brokered the 1.52 million s.f. sale, valued at an estimated $350 million By John B. Mugford It looks as if the strong run of medical outpatient building (MOB) portfolio sales in the second half of 2025 is going to continue right to the end of the year. HREI™ has learned that a big portfolio […]

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Lending activity increased considerably in 2025, according to the lenders, borrowers and brokers who spoke during the GlobeSt. HRE Conference “State of the Industry” panel.
HREI photoHREI™ photo

Feature Story: Healthcare: The ‘Steady Eddie’ of CRE

But expiring Obamacare subsidies, other issues concern GlobeSt. panel By John B. Mugford During what can only be described as a strong, profitable era for the owners of medical outpatient buildings (MOBs) and other types of healthcare real estate (HRE) facilities, uncertainty is perhaps the only potential dark cloud on the horizon. This uncertainty includes […]

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Feature Story: HRE demand drivers remain strong

John Chang explores the economy and this sector at the GlobeSt. conference By John B. Mugford When economist John Chang addressed the audience upon first arriving on the stage at last week’s GlobeSt. Healthcare Real Estate Conference in Scottsdale, Ariz., he shared that he’d had quite a hectic drive and was perhaps uncertain about whether […]

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The InterFace “State of the Industry” panel discussion included (from left to right) moderator Brett Levin of Blueprint, Frank Virga of TPG Angelo Gordon, Davis Rickard of Development Solutions, David Braunstein of Rethink Healthcare Real Estate,
Ryan Crowley of Healthcare Realty and Matthew Tarpley of Fifth Third Securities Inc.
Photo courtesy of InterFace Conference Group

Feature Story: REITs are selling MOBs, not buying. Why?

InterFace panelists reflect on those market dynamics and the year ahead By John B. Mugford The topic du jour during a “state of the sector” panel session at the 14th annual InterFace Healthcare Real Estate Southeast conference in mid-November in Nashville, Tenn., was the biggest arm’s length medical outpatient building (MOB) transaction of all time. […]

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Transactions: AW Property Company buys six MOBs from Healthcare Realty for $171 million

CBRE brokered sale of a Bon Secours portfolio in Greater Richmond, Va. By John B. Mugford In remaining true to its strategy of being “patient and disciplined” when it comes to making acquisitions, North Palm Beach, Fla.-based AW Property Company, a longtime healthcare real estate (HRE) firm focused on medical outpatient buildings (MOBs), closed on […]

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John and Beth Sweet in February 2023, after John won the 2022 HREI Lifetime Achievement Award. (HREI photo)

People & Companies: John Sweet, founder of Physicians Realty Trust, passes away

The self-proclaimed ‘late bloomer’ was given HREI Lifetime Achievement Award in 2022 MEQUON, Wis. – One of the healthcare real estate (HRE) sector’s best-known and most-respected professionals has passed away. John Wheaton Sweet Jr., who was born in Springfield, Mass., and spent much of his adult life in Greater Milwaukee, died this past Sunday, Nov. […]

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Transactions: Davis secures $171M refinancing

Loan from Capital One funds 820,000 s.f. portfolio, plus a $250M line of credit, By John B. Mugford Minneapolis-based Davis, one of the healthcare real estate (HRE) sector’s longest-standing firms, has secured a $171 million refinancing for a 19-property portfolio with more than 820,000 square feet of space in eight states. In addition to the […]

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Lon Mapes

Companies & People: Navigating California’s Inland Empire

Focusing on one region has made Lon Mapes the area’s go-to resource for HRE By John B. Mugford As HREI™ has noted in several articles over the years, there are certain professionals around the country who are considered to be the go-to healthcare real estate (HRE) resources in their respective markets. When it comes to […]

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Mid-year predictions of an increase in MOB portfolio sales proved true as several multi-asset deals closed in 2025.
Photo courtesy of Newmark

Transactions: 18-MOB, 750,000 s.f. portfolio closes for $323 million

Fengate Asset Management was the buyer; Newmark represents the seller, Montecito By John B. Mugford Shortly before this week’s e-newsletter deadline, HREI learned of the closing of a $323 million portfolio sale-recapitalization of a portfolio of 18 medical outpatient buildings (MOBs) and ambulatory surgery centers (ASCs) totaling about 750,000 square feet across 11 states. Brokering […]

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Feature Story: Q1-Q3 MOB sales were the lowest in a decade

Volume remains slow, Revista says, but the Remedy-Kayne deal will boost Q4 by billions By John B. Mugford Although medical outpatient building (MOB) sales volume remained mired in a slump through the first three quarters of 2025, everyone involved in the sector understands that the volume will rise dramatically in the fourth quarter (Q4). That’s […]

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One of the larger MOBs in the Welltower portfolio is the four-story, 92,696 square foot John Muir Health outpatient center at 5860 Owens Drive in Pleasanton, Calif. The facility opened in 2002 and was acquired by Welltower for $35 million in 2022.
Photo courtesy of Remedy Medical Properties

Transactions: Biggest MOB deal ever: $7.2 billion

Remedy-Kayne acquiring 296-asset, 18 million s.f. Welltower portfolio By John B. Mugford In recent weeks, speculation swirled in healthcare real estate (HRE) circles that a large transaction involving millions of square feet of medical outpatient buildings (MOBs) was in the works – a deal so large that at least one sector insider described it as […]

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Project Case Study: What happens when your anchor tenant goes bankrupt?

Project Case Study: What happens when your anchor tenant goes bankrupt?

For Anchor Health Properties, a solid investment thesis saved the day By John B. Mugford For the owner of any real estate portfolio, the bankruptcy of the anchor tenant can be potentially devastating, even in the ordinarily resilient realm of medical outpatient buildings (MOBs). “There just aren’t too many good stories in our sector over […]

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MedProperties Realty Advisors Co-Founders and Managing Principals Roman Kupchynsky (left) and Darryl Freling (center) shared their company’s story with HREI™ Publisher Murray W. Wolf during the recent InterFace HRE Conference.
Photo courtesy of InterFace Conference Group

Feature Story: Demographics, deals and dukes

MedProperties Realty Advisors managing principals share their firm’s story By John B. Mugford It was mid-2007. At the time, healthcare real estate (HRE) was a widely ignored sector within the commercial real estate industry – certainly not considered to be one of the “main food groups.” Also, although no one knew it, the Great Financial […]

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The InterFace "Investment" panel discussion included (from left to right): Ted Barr of Woodside Health, Ben Appel of Newmark, Chris Morgan of Big Sky Medical, Justin Shea of Hammes Partners and moderator Steve Leathers of Transwestern.
HREI™ photo

Feature Story: HRE sales are picking up. Here’s why.

InterFace panel cites more capital, lower rates and higher occupancies By John B. Mugford Amid a growing sense that healthcare real estate (HRE) investment activity is picking up, a group of HRE professionals who were part of a recent panel discussion said that they feel quite positive about the sector’s near-term prospects, and they explained […]

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At the recent Colliers National Healthcare Conference in New Orleans, Mike Hargrave of Revista and David Braunstein of Rethink Healthcare Real Estate discussed foreign capital, the return of the portfolio premium, cap rates, spreads and more.
Photo courtesy of Colliers

Feature Story: Foreign capital is returning to HRE

At Colliers event, presenters also discuss the return of the portfolio premium By John B. Mugford As medical outpatient building (MOB) sales start to pick up in the second half of 2025 and into 2026 – which many healthcare real estate (HRE) professionals are predicting – a certain type of buyer looks to be getting […]

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Feature Story: A steady sector with mixed signals

Feature Story: A steady sector with mixed signals

InterFace panelists take a ‘30,000 foot’ look at the state of the HRE industry By John B. Mugford Although the healthcare real estate (HRE) industry remains a fruitful, steady place for owners and operators of facilities, there are currently a few mixed signals coming from a wide variety of data points and players in the […]

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News Release: Nominations are now open for 2025 HREI Insights Awards™

News Release: Nominations are now open for 2025 HREI Insights Awards™

Nominations are due Nov. 21, 2025. The 13th annual awards will be presented at the Revista Medical Real Estate Investment Forum (MREIF) Feb. 3, 2026. MINNEAPOLIS, Sept. 19, 2025 – Nominations are now open for the 2025 HREI Insights Awards™, the first and only comprehensive national awards program totally dedicated to recognizing excellence in the areas of […]

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News Release: McCarthy completes construction of large USDA funded critical access hospital

News Release: McCarthy completes construction of large USDA funded critical access hospital

McCarthy Completes Construction of New Critical Access Hospital Serving Rural Northwest Kansas One of the largest ever USDA Funded Critical Access Hospitals February 20, 2026, COLBY, Kan. — Citizens Health, the healthcare provider serving rural northwest Kansas, has completed construction of a new medical center replacement hospital in Colby, Kan., significantly expanding access to high-quality […]

News Release: Catamount Constructors Announces Acquisition of Freese Johnson and Welcomes Henry Johnson as Vice President of National Client Development

News Release: Catamount Constructors Announces Acquisition of Freese Johnson and Welcomes Henry Johnson as Vice President of National Client Development

LAKEWOOD, Colo. (February 20, 2026) — Catamount Constructors, Inc., a 100% employee-owned ENR Top 400 Contractor, announces its acquisition of Freese Johnson, a full-service general contractor based in Atlanta, Georgia. The acquisition of Freese Johnson strengthens Catamount’s national platform, expands its presence in the Southeast, and enhances its ability to deliver best-in-class construction solutions across […]

News Release: Sharp Rees-Stealy Kearny Mesa opens in February

News Release: Sharp Rees-Stealy Kearny Mesa opens in February

Sharp Rees‑Stealy Medical Group will open a new medical office building in San Diego’s Kearny Mesa neighborhood this year, expanding access to high-quality, coordinated care for patients across the region. Sharp Rees-Stealy Kearny Mesa is located at 8975 Balboa Avenue and is scheduled to open Feb. 16. The nearly 98,000-square-foot medical campus will bring a […]

Thought Leaders: 2025 Q4 Western Regional Quarterly Report - Outpatient Healthcare Properties   

Thought Leaders: 2025 Q4 Western Regional Quarterly Report – Outpatient Healthcare Properties   

DOC PROPERTIES 2025 Q4 Market Report Click Here Outpatient healthcare properties continue to perform with high occupancy rates and strong lease rates, which is due to their needed demand and intentional supply to the market. Institutional owners have traded properties through sales and re-capitalizations. Private investor sales will follow in 2026. Seller pricing expectations are […]

News Release: MorningStar Senior Living Assumes Management of Senior Community in Longmont, Colorado

News Release: MorningStar Senior Living Assumes Management of Senior Community in Longmont, Colorado

DENVER, COLORADO (February 19, 2026) – MorningStar Senior Living, the Denver-based senior living operator and developer, has assumed management effective today of the local community formerly known as Balfour Longmont. It will now operate under the brand name MorningStar Senior Living of Longmont at 1850 South Hover Street, Longmont, CO 80501. “We’re pleased to expand […]

News Release: ESI Facilitates Sale of Skilled Nursing Facility in Nebraska

Milford, Nebraska – February 17, 2026 – Evans Senior Investments (ESI) is pleased to announce the successful sale of Sunrise Country Manor, an 80-bed skilled nursing facility located in Milford, Nebraska. The community, which was previously independent owner-operated, features a mix of private and semi-private units and maintained an 83% occupancy rate at the time […]

News Release: MPT Reports Fourth Quarter and Full-Year Results

BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPT) today announced financial and operating results for the fourth quarter and full-year ended December 31, 2025, as well as certain events occurring subsequent to quarter end. Net income of $0.03 and Normalized Funds from Operations (“NFFO”) of $0.18 for the 2025 fourth quarter […]

News Release: AdventHealth plans 12-bed emergency department in St. Johns County

News Release: AdventHealth plans 12-bed emergency department in St. Johns County

Construction expected to begin fall 2026; opening projected for 2027 As St. Johns County continues to grow, AdventHealth plans to build a 12-bed emergency department to expand access to emergency care in the community. The emergency department will be located on AdventHealth’s second property in the county, spanning more than 20 acres in the World […]

News Release: OSF HealthCare expanding OSF Cancer Institute

News Release: OSF HealthCare expanding OSF Cancer Institute

Two years ago, OSF HealthCare Cancer Institute opened its doors with a promise: to bring comprehensive, compassionate cancer care closer to home for families across Illinois. Since then, more than 77,000 patients have walked through those doors – each one facing a diagnosis that changed everything. As the OSF Cancer Institute enters its third year […]

News Release: A new chapter for cancer care in West Orange and South Lake counties

News Release: A new chapter for cancer care in West Orange and South Lake counties

WINTER GARDEN, Fla. — For cancer patients and families in West Orange and South Lake Counties, care closer to home can make a difficult journey feel less stressful. That vision is becoming reality as AdventHealth celebrated the topping-out of the AdventHealth Cancer Institute at Winter Garden, marking the building’s highest point of construction. Designed to […]

News Release: OSF breaks ground on Brimfield medical office building

News Release: OSF breaks ground on Brimfield medical office building

OSF HealthCare leaders, Foundation representatives and community stakeholders gathered Wednesday afternoon to celebrate the groundbreaking of the OSF HealthCare Brimfield medical office building. The ceremony marked the start of construction on a new facility at the intersection of Route 150 and Maher Road in Brimfield. The new building will replace the current clinic located at […]

News Release: Berkadia Announces Class A Senior Living Sale & Acquisition Financing in Northeast Florida

News Release: Berkadia Announces Class A Senior Living Sale & Acquisition Financing in Northeast Florida

Jacksonville, Florida – February 17, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale and financing of Grand Living at Tamaya, a Class A 171-unit independent living, assisted living, and memory care community located in Jacksonville, Florida. Located in Jacksonville’s Mayo Clinic/Beaches submarket, the property is the only […]

News Release: PAM Health Rehabilitation Hospital of Winter Garden Named 2025 HREI Insights Awards Winner

News Release: PAM Health Rehabilitation Hospital of Winter Garden Named 2025 HREI Insights Awards Winner

PENSACOLA, FLA. – Catalyst Healthcare Real Estate (Catalyst), a healthcare real estate development and investment firm, is proud to announce that PAM Health Rehabilitation Hospital of Winter Garden has been named a 2025 HREI Insights Awards winner in the category of Post-Acute & Senior Living Facilities – Best New Ground-Up Development. The HREI Insights Awards […]

News Release: Terramed Completes $7.11 Million Purchase of BluePearl Pet Hospital in Wisconsin’s Fox Valley

Feb 17, 2026 9:00 AM Eastern Standard Time BALA CYNWYD, Pa.–(BUSINESS WIRE)–Terramed Real Estate Solutions, a leading real estate group specializing in veterinary, ophthalmology, and fertility properties, has closed on the $7.11 million acquisition of BluePearl Pet Hospital Fox Valley, a purpose-built, state-of-the-art veterinary facility in Appleton, Wisconsin. The 32,232-square-foot emergency, specialty, and urgent care […]

News Release: Vital Capital Partners Acquires Inpatient Rehabilitation Hospital Near Austin

News Release: Vital Capital Partners Acquires Inpatient Rehabilitation Hospital Near Austin

FOR IMMEDIATE RELEASE The Temple, Texas, acquisition expands Vital Capital Partners’ investment portfolio with an institutional-quality healthcare property operated by the nation’s second largest inpatient rehabilitation provider. ORANGE COUNTY, Calif. (Feb. 17, 2026) – Vital Capital Partners, a healthcare real estate investment manager and sponsor, announced today its acquisition of a modern, purpose-built inpatient rehabilitation […]