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: Berkadia Announces Sale of Southeast Senior Living Pair

News Release: Berkadia Announces Sale of Southeast Senior Living Pair

Blue Ridge, Georgia – February 5, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale of Blue Ridge Assisted Living Memory Care in Blue Ridge, Georgia and The Trace in Covington, Louisiana. The communities total 186 units and each offer assisted living and memory care services. Built in 2009 and 2016, both communities were over 90% occupied at the time […]

News Release: Coastal States Bank Closes $9 Million Loan for the Refinance and Acquisition of Memory Care Communities in Centerville, Ohio and Creve Coeur, Missouri

BIRMINGHAM, Ala.–(BUSINESS WIRE)— Coastal States Bank (“CSB”) announced that it recently closed a $9 million loan to refinance a 60-unit purpose-built memory care community in Centerville, Ohio and to acquire a 53-unit memory care community in Creve Coeur, Missouri. Following the closing, the Sponsor’s affiliated management company, Kauhale Healthcare Management, began managing the community in […]

News Release: HealthPark III Coming to Lakewood Ranch, FL

News Release: HealthPark III Coming to Lakewood Ranch, FL

Located in the heart of Lakewood Ranch, this 20,000-square-foot medical office park is positioned between Orlando Health’s 32-acre campus and the 84-acre Erickson Senior Living community now under construction, with walkable access to The Green at Lakewood Ranch, ALDI, and Outback Steakhouse. One of the nation’s fastest-growing master-planned communities, Lakewood Ranch offers strong demographics, rapid […]

News Release: InterMed Expands and Extends Lease at 84 Marginal Way in Portland, Maine; Multi-Specialty Physician Group is Sole Occupant of Medical Building

News Release: InterMed Expands and Extends Lease at 84 Marginal Way in Portland, Maine; Multi-Specialty Physician Group is Sole Occupant of Medical Building

Portland, ME — February 2026 — Davis, a national healthcare real estate firm operating out of Minneapolis, MN, announced the successful expansion and long-term lease extension of InterMed at 84 Marginal Way, a prominent Class A outpatient medical property located in Portland’s Bayside neighborhood. The transaction secures 102,557 square feet across 10 stories, and includes […]

News Release: CBRE Facilitates Sale of Two Trophy Surgery Centers in Texas and Utah

News Release: CBRE Facilitates Sale of Two Trophy Surgery Centers in Texas and Utah

Press Release FOR IMMEDIATE RELEASE Houston & Salt Lake City – January 28, 2026 – CBRE is pleased to announce that it facilitated the sale of the HCA Surgery Center Portfolio, a portfolio totaling 65,054 square feet in two ambulatory surgery centers (ASC) and medical outpatient buildings (MOB) located at 21814 Katy Freeway in Katy, […]

News Release: Berkadia Seniors Housing & Healthcare Mortgage Banking Exceeds $2B in Closings in 2025

Berkadia Ranked #1 Freddie Mac Seniors Housing Lender by Total Volume New York, New York – February 3, 2026 – Berkadia Seniors Housing & Healthcare achieved another exceptional year, surpassing $2 billion in mortgage banking closings for the second consecutive year. In 2025, Berkadia closed over $2 billion in financing across 123 properties including active […]

News Release: CBRE Facilitates Sale of Two Trophy Surgery Centers in Texas and Utah

News Release: CBRE Facilitates Sale of Two Trophy Surgery Centers in Texas and Utah

Houston & Salt Lake City – January 28, 2026 – CBRE is pleased to announce that it facilitated the sale of the HCA Surgery Center Portfolio, a portfolio totaling 65,054 square feet in two ambulatory surgery centers (ASC) and medical outpatient buildings (MOB) located at 21814 Katy Freeway in Katy, Texas, and 640 West 800 […]

News Release: MONTICELLOAM, LLC Delivers $21.8MM In Financing For Two Skilled Nursing Facilities in South Carolina

MONTICELLOAM, LLC (“MONTICELLOAM”), a specialized seniors housing and multifamily bridge lending platform, along with firm affiliates, funded a two-facility skilled nursing portfolio in South Carolina with $21,800,000 in combined bridge and working capital financing. The transaction includes a $19,300,000 bridge loan and $2,500,000 in working capital, with a 24-month term. The loan proceeds will be used by the returning MONTICELLOAM borrower to facilitate the acquisition of two skilled nursing facilities in South Carolina, accounting for over 260 […]

News Release: Gantry Secures $21.2 Million in Two Permanent Loans for Idaho Medical Office Properties

News Release: Gantry Secures $21.2 Million in Two Permanent Loans for Idaho Medical Office Properties

Facilities in Coeur d’Alene and Sandpoint Feature Regional Hospital Affiliate Medical Groups; Pension Fund Loans Offer Max Proceeds, Fixed Rates and Prepayment Flexibility Spokane, Wash. (February 3, 2026) – Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a total of $21.2 million in two permanent loans to refinance maturing debt […]

News Release: Meadows & Ohly Announces Transition in Leadership Roles

News Release: Meadows & Ohly Announces Transition in Leadership Roles

Atlanta, GA, February 2, 2026 – Meadows & Ohly, LLC, a comprehensive healthcare real estate services firm, is proud to announce a planned leadership transition designed to support long-term growth and continued success. John Carter, Jay Bowling, and Ryan Farris have assumed new roles within the organization as part of the firm’s strategic evolution. After […]

News Release: Turner Breaks Ground on Baptist Health Sunrise Hospital in Florida

News Release: Turner Breaks Ground on Baptist Health Sunrise Hospital in Florida

Future-ready hospital campus represents an investment of more than $500 million to expand emergency, inpatient, and surgical care in western Broward County. Turner Construction Company joined Baptist Health and community leaders to celebrate the groundbreaking of Baptist Health Sunrise Hospital, a more than $500 million investment by Baptist Health aimed to expand access to trusted, […]

News Release: Ackerman & Co. Completes Sale of Medical Office Building in Dunwoody, Ga.

Senior Vice President Sean Patrick achieves sale above list price for 1730 Mount Vernon Drive multi-tenant building ATLANTA, JANUARY 30, 2026 – Ackerman & Co.  has closed the sale of 1730 Mount Vernon Road, an 11,386-square-foot medical office building in Dunwoody, Ga., on behalf of the seller. The building is fully leased to a diverse […]

News Release: JLL expands property management operations with IRA Capital, adding a 2 million square foot national medical office portfolio

FOR IMMEDIATE RELEASE JLL’s managed portfolio for IRA Capital will expand to 64 properties across 15 states CHICAGO, January 29, 2026– Jones Lang LaSalle Incorporated (NYSE: JLL) announced today that it has expanded its property management operations with Irvine, California-based IRA Capital, a leading private equity real estate firm focused on the U.S. healthcare real […]

News Release: Investors Set to Deploy More Capital in 2026 as U.S. Commercial Real Estate Market Stabilizes: CBRE Survey

Investor Confidence Rises with 95% Planning to Buy More Than or as Much Commercial Real Estate Assets This Year Dallas – January 29, 2026 – Investors are preparing to deploy more capital into the commercial real estate market in 2026, supported by stabilizing pricing expectations, improved fundamentals, and optimism about declining debt costs, according to […]

News Release: Abrazo Health Celebrates Grand Opening of Inpatient Rehabilitation Facility in Goodyear

News Release: Abrazo Health Celebrates Grand Opening of Inpatient Rehabilitation Facility in Goodyear

The 46,000 square-foot, 24-bed healthcare space provides a variety of outpatient medical services for the community and inpatient rehabilitation! GOODYEAR – Abrazo Health and local leaders celebrated the grand opening on Jan. 28th, marking the completion of the Abrazo Health Litchfield Medical Building located next door to Abrazo West Campus in Goodyear. “We are committed […]