Companies & People: Fengate focuses on the essentials
The firm partners with experienced HRE firms to acquire ‘essential’ assets By John B. Mugford Although Toronto-based Fengate Asset Management has been quite active in the U.S. medical outpatient building (MOB) sector since 2024, the firm really grabbed headlines in mid-2025 when it partnered with Minneapolis-based MedCraft Healthcare Real Estate on the $283.3 million purchase […]
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Feature Story: Rate hike complicates the market
But investors are optimistic and demand is strong, Colliers panelists say By John B. Mugford The healthcare real estate (HRE) and medical outpatient building (MOB) investment market is currently in a complicated time, as interest-rate volatility is causing uncertainty and the potential for delays when it comes to closing some deals. At the same time, […]
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Feature Story: How HRE developers are adapting
InterFace panelists share their strategies for meeting market challenges By John B. Mugford Although the pace of traditional medical outpatient building (MOB) construction remains sluggish, developers are finding other opportunities, including more specialized higher-acuity MOBs, build-to-suit facilities and medical conversion projects. That was one of the key takeaways from a panel of industry experts at […]
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Companies & People: Nuveen Real Estate is making its mark in HRE
Portfolio Manager Bill Abramowitz discusses the firm’s outlook and optimism for the product type By John B. Mugford New York-based Nuveen Real Estate (NRE), part of Nuveen, the global asset‑management arm of TIAA (Teachers Insurance and Annuity Association of America), has made quite a splash in the healthcare real estate (HRE) sector in recent years. Established […]
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Transactions: BGO acquires 11 ASCs in nine states with a total of 223,000 square feet; CBRE brokers the sale
NINE STATES – New York-based BGO (BentallGreenOak) has acquired a portfolio of 11 ambulatory surgery centers (ASCs) in nine markets across the country. The price was not disclosed for the 223,000 square foot, fully leased portfolio that BGO acquired from a joint venture (JV) of Charlotte, N.C.-based Flagship Healthcare Properties and Boston-based AEW Capital Management. […]
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Feature Story: Steady income, recovering values
Cushman & Wakefield webinar explains why more investors are turning to MOBs By John B. Mugford It is quite clear that investor demand for medical outpatient buildings (MOBs) is holding steady, and perhaps increasing, despite some macroeconomic concerns amid ongoing geopolitical uncertainty. Digging deeper into that dynamic, last week’s Vital Signs webcast, hosted by a […]
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Feature Story: Macro pessimism, HRE optimism
The sector continues to perform amid wider concerns, InterFace panel says By John B. Mugford In summing up the state of the healthcare real estate (HRE) market, Andy Dow, an HRE-focused attorney, said, while moderating a panel of sector professionals: “At a time when there seems to be pessimism in some aspects of the macro […]
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People & Companies: ‘A truly remarkable person’
The HRE sector mourns the loss of mentor, colleague and friend Tony Scrivner By John B. Mugford Last week, HREI™ reported the sudden and unexpected death of Toby Scrivner, a gregarious, quick-with-a-smile and well-known professional who had been involved in the healthcare real estate (HRE) industry for nearly two decades. Soon after the news of […]
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News Release: Nominations Now Open for the 14th Annual HREI Insights Awards™
■ Nominations deadline: Friday, Nov. 20, 2026 ■ Awards presented: Wednesday, Feb. 3, 2027, during the Revista MREIF in Palm Beach Gardens, Fla. ■ New award added for 2026: The Rising Leader Award MINNEAPOLIS, Sept. 18, 2026 – Nominations opened today for the 2026 HREI Insights Awards™, the only national awards program exclusively recognizing excellence […]
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Project Case Study: Big city care in a small town
Mortenson’s financing and development strategies facilitated the project By Erin E. Poster When one ponders the phrase, “Cancer doesn’t discriminate,” most may think of it in terms of members of the human race, in that any of us could be its unlucky victims. But it’s also important to remember that cancer doesn’t generally discriminate by […]
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Companies & People: Capital One YTD loan volume up 75%
Jon Buehner discusses the firm’s $3.5B in first-half activity and the outlook By John B. Mugford Capital One says it closed, or was in the process of underwriting, more than $3.5 million in loan commitments through June 30, 2026, a 75 percent increase compared to the same six months of last year, and a reflection […]
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Transactions: Landes lands specialty hospital
STNL investor buys a 53-bed Arkansas asset for $131.5 million in a complex deal By John B. Mugford In an interesting deal that closed in early August in Bryant, Ark., a suburb about 20 miles southwest of Little Rock, a new tenant signed a long-term lease for a specialty hospital building, bought the land beneath […]
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Project Case Study: From tumult to triumph
Holladay Properties transforms a problem property into a flagship facility By Erin E. Porter and HREI Staff Not every building is a good candidate for an adaptive reuse, especially when it comes to healthcare. But one Indiana-based commercial real estate firm recently found success with the repurposing of an Orlando, Fla., property. South Bend-based Holladay […]
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Feature Story: $2.1B JV shows MOB sector strength
Justin Shepherd A closer look at the BAM-DOC deal and what it says about investor sentiment By John B. Mugford Perhaps no one involved in healthcare real estate (HRE) is likely to say that New York-based Brookfield Asset Management’s (NYSE: BAM) recent acquisition of a 49 percent share of a $2.1 billion portfolio of medical […]
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Feature Story: Rates will stay flat, MOB sales will rise
CBRE’s 2026 mid-year HRE webcast highlighted these forecasts and other data points By John B. Mugford NATIONAL – Interest rates are likely to remain steady for the rest of the year. Medical outpatient building (MOB) sales volume is expected to increase in 2026, while capitalization (cap) rates continue to compress amid growing demand for the […]
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Transactions: Virginia repurposing pays off
Cascade-BGO project sells in the mid-$40M range; Avison Young brokers sale By John B. Mugford Although the prospect of converting other commercial properties for medical use can be alluring, success hinges on several factors, including location, parking availability, building suitability, tenant demand and more. But it can be done, as evidenced by a recent repurposing […]
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Feature Story: Q2 2026 MOB sales were ‘moderate’
With the Welltower tranches closed, volume fell to $2B, RevistaMed webcast shows By John B. Mugford Although medical outpatient building (MOB) occupancies and rents continue to rise to historic levels, the sales volume was considered “moderate” during the second quarter (Q2) of this year. Last quarter’s MOB sales volume totaled $2 billion, according to the […]
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News Release: MorningStar and Edgemark Plan Senior Living in Palm Desert, CA
MorningStar at El Paseo slated to welcome residents in 2029 PALM DESERT, CA (November 4, 2026) —MorningStar Senior Living and Edgemark Development LLC are submitting plans to the City of Palm Desert for a 210,000-square-foot senior living community slated to break ground in Fall 2027. The two- and three-story construction at 45640 Highway 74 just […]
Just Closed: St. Cloud (Minn.) ASC
Berkadia Medical & Life Sciences is pleased to announce the successful sale of St. Cloud Surgical Center, a 43,512-square-foot ambulatory surgery center located in St. Cloud, Minnesota. Eric Lee, Sabrina Solomiany, Vasili Davos, Chris Lashmet, and Kyle Saifi of Berkadia Medical & Life Sciences led the transaction on behalf of the seller, Minnesota-based St. Cloud […]
News Release: JLL completes sale and financing of Atria Newport Beach
The luxury seniors housing property features 168 units of independent, assisted and memory care living in Newport Beach, California Key takeaways: JLL Capital Markets completes the sale and financing of Atria Newport Beach, a 168-unit trophy seniors housing community in Newport Beach, California An institutional investor purchased the community in partnership with the existing operator, […]
Just Listed: Established Medical Opportunity in Premier Healthcare Corridor | Overland Park, KS
The Offering Berkadia Medical & Life Sciences is pleased to exclusively offer Foxhill Medical Building (the “Property”), a 52,160-square-foot, three-story medical office building in Overland Park, Kansas. The Property is 87.1% leased with 4.0 years of weighted average lease term and is anchored by a diverse tenant roster spanning men’s care, allergy/immunology, infectious disease, dermatology, […]
News Release: CBRE Advises Sale and Financing of SOBO MOB & Surgical Center in the San Antonio MSA
San Antonio – October 27, 2026 – CBRE facilitated the sale and financing of the South Boerne Medical Outpatient Building and Surgical Center (SOBO MOB and Surgical Center), a 52,410 sq. ft. medical outpatient building (MOB) and ambulatory surgery center (ASC) located at 112 Herff Road in Boerne, Texas. Chris Bodnar, Brannan Knott and Cole Reethof of CBRE […]
Done Deal: You Sell for the King, You Best Not Miss
Blueprint advises on the sale of a stabilized 64-unit assisted living and memory care community in the Baltimore MSA. Blueprint is pleased to announce the successful sale of The Cottages of Perry Hall, a 64-unit assisted living and memory care community in Parkville, Maryland. Built in 2000, the community is spread across four single-story cottages, […]
News Release: Cullinan Properties Joint VentureAwarded Development of New Sarasota, Florida VA Clinic
(Peoria, IL – October 28, 2026) – Cullinan Properties, Ltd., headquartered in Peoria, Illinois and Construction Managers, Inc. (CMI) of Fremont, North Carolina are pleased to announce that the U.S. Department of Veterans Affairs has awarded CMI Cullinan JV LLC, a Service-Disabled Veteran Owned Small Business (SDVOSB) joint venture between the two firms, to develop, […]
News Release: HealthCore Foundation Announces Nearly $250 Million Real Estate Transaction with NorthBay Health to Support Outpatient Expansion in Northern California
11-property Northern California portfolio will support outpatient expansion and is projected to reduce NorthBay Health’s occupancy costs by more than $40 million over 10 years DENVER (October 28, 2026) – HealthCore Foundation, a nonprofit organization specializing in innovative real estate financing solutions for nonprofit health systems and academic institutions, today announced the completion of an […]
