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Companies: JV of Catalyst, National R.E. Advisors to invest $1.5 billion
The two firms kick off their new JV partnership with a $420M recapitalization/acquisition By John B. Mugford One of the dominant themes in the healthcare real estate (HRE) sector in recent years has been that of experienced HRE companies teaming up with well-capitalized investment firms for facility development and acquisitions. The operating companies contribute industry […]
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Transactions: Two MOB deals totaling $430M close out 2021
Harrison Street buys 11 MOBs, KKR’s new REIT buys 15 MOBs; Newmark brokers deals By John B. Mugford Perhaps there will never be quite the flurry of medical office building (MOBs) sales activity to close out a year like in 2020, when the last three days of the year saw about $800 million worth of […]
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Feature Story: Big obstacles, big opportunities
HREI Editorial Advisory Board members share their insights for sector in 2022 By John B. Mugford Despite a number of headwinds – and some quite worrisome headwinds they are – the juggernaut that is the healthcare real estate (HRE) sector should continue chugging along throughout 2022, according to a group representing some of the best-known […]
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Feature Story: Headwinds aside, the economy and HRE sector look strong
John Chang, MMI’s director of research, shares his forecast for 2022 and beyond By John B. Mugford SCOTTSDALE, Ariz. – For a number of years now, executives with leading firms in the healthcare real estate (HRE) sector have tried in vain to predict whether the historically low interest rates of recent years will be on the […]
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Feature Story: HRE exec of the year joins elite list
Chip Conk has led Montecito to become one of the largest private MOB owners By John B. Mugford Shortly after he received the 2021 Healthcare Real Estate (HRE) Executive of the Year Award Dec. 1, Edward W. “Chip” Conk, the CEO of Nashville, Tenn.-based Montecito Medical Real Estate, told the large audience at the awards […]
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Feature Story: Business partners extraordinaire
Bond Oman, Tom Gibson are co-recipients of the HREI Lifetime Achievement Award By John B. Mugford SCOTTSDALE, Ariz. — As is often the case with successful business partners, Tom Gibson and Bond Oman brought very different strengths to the table in running their healthcare real estate (HRE) firm, which started while both were working in […]
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Feature Story: These winners powered through the pandemic
The 2021 HREI Insights Awards recipients overcame unique challenges By John B. Mugford The 2021 HREI Insights Awards, which recognize excellence in healthcare real estate (HRE) development and executive leadership, were presented Dec. 1 during the GlobeSt Healthcare Real Estate Conference at the Fairmont Scottsdale Princess in Scottsdale, Ariz. After the awards were “presented” virtually […]
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Feature Story: Mega deals, micro cap rates and new investment platforms
BOMA ‘Notable Transactions’ panel takes a closer look at some headline-grabbing deals By John B. Mugford So far, the year 2021 – a year in which healthcare real estate (HRE) has been elevated to unprecedented heights in the eyes of investors – has undoubtedly produced some notable acquisitions and deals in the medical office building […]
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Cover Story: Under the radar overachievers
Optimal Outcomes has quietly developed more than 100 healthcare facilities in the past 20 years By John B. Mugford Saying that Optimal Outcomes, a longtime, successful healthcare real estate (HRE) development firm with a strong track record, flies under the radar when compared to HRE firms with national platforms isn’t just an observation from an […]
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News Release: Meridian Completes Medical Office Conversion of 114,200 SF Building in Orange County, Calif.
FOR IMMEDIATE RELEASE: Lease-up has been strong; now over 50,000 SF remains available for lease NEWPORT BEACH, CALIF. – Meridian, a full-service real estate developer and owner of medical office real estate, is pleased to announce that it has completed the conversion of a 114,200-square-foot, four-story Class-A office building into a 100% Class-A medical office […]
News Release: Davis investment fund grows with three-asset, $45 million acquisition in Minnesota
News Release Davis Medical Investors LLC adds three Woodbury MOBs, bringing the total size of the fund to 12 assets, 525,175 square feet and a fund value of nearly $200 million WOODBURY and MINNEAPOLIS, Minn., Jan. 19, 2022 – Minneapolis-based Davis announces the continuing growth of its Davis Medical Investors LLC fund with the recent […]
News Release: Hammes Healthcare announces the launch of Hammes Precision™
FOR IMMEDIATE RELEASE: New proprietary real estate and retail analytics software tool enables healthcare providers to determine optimal markets and site locations Milwaukee, WI, January 19, 2021 – Hammes Healthcare, a leading provider of consulting and project management services, has announced the launch of Hammes Precision™. Hammes Precision™ is a proprietary real estate and retail […]
News Release: Cushman & Wakefield Advises Sale of Sycamore Health Center in North San Diego for $11.25 Million
For Immediate Release Single-tenant NNN property in Vista fully leased to UCSD Health SAN DIEGO, Calif., – January 18, 2022 – Cushman & Wakefield announced the firm has advised the sale of a single-tenant, triple Net (NNN) leased medical office building in Vista (San Diego), California. The asset consists of a two-story 20,282-square-foot building located […]
News Release: IRA Capital Acquires University Health Medical Office Buildings
January 14, 2022, Southern California private equity firm IRA Capital (“IRA”) is pleased to announce the acquisition of two newly constructed medical office buildings in Martinez (Augusta), Georgia and Aiken, South Carolina. Both buildings are 100% occupied and leased to University Health Care System (“UH”), a leading health system in Augusta-Richmond County and the surrounding […]
News Release: Medical office in Durham trades to new investor
JLL Capital Markets led sales efforts for Duke Medical Plaza at Patterson Place in Durham, North Carolina RALEIGH, Jan. 14, 2021 – JLL Capital Markets announced today that it has closed the sale of Duke Medical Plaza at Patterson Place, a 59,978-square-foot medical office building in Durham, North Carolina. JLL represented the seller, BP Phase2, […]
News Release: MedProperties Realty Advisors and Heitman acquire leading Louisiana surgical hospital in joint venture
FOR IMMEDIATE RELEASE The 21-bed, 60,087-square-foot Avala Hospital offers innovative, minimally invasive robotics-assisted surgeries for hip and knee replacements and other procedures COVINGTON, La., and DALLAS, Jan. 14, 2022 — MedProperties and Heitman LLC (“Heitman”), in their first joint venture (JV) together, have acquired the 21-bed, 60,087-square-foot Avala Hospital in Covington. MedProperties Realty Advisors LLC, a […]
News Release: SRS’ National Net Lease Group Brokers Sales of Four WellNow Urgent Care Assets Totaling $12 Million in New York
Newport Beach, CA (January 13, 2022) – SRS Real Estate Partners’ National Net Lease Group (NNLG) announced today it has completed four sales of WellNow Urgent Care-occupied assets totaling approximately $12 million in New York. SRS NNLG’s Vice President Britt Raymond and Kyle Fant represented the buyer and seller in all the transactions. The team […]
News Release: National Real Estate Advisors and Catalyst Healthcare Real Estate Invest $420 Million Across Two Portfolios
WASHINGTON, DC (January 13, 2022) – National Real Estate Advisors, LLC (“National”), an investment manager developing and managing large-scale projects on behalf of its clients, through its recently formed joint venture with Catalyst Healthcare Real Estate (“Catalyst”), has completed the acquisition and recapitalization of two multi-state healthcare portfolios totaling $420 million (the “Portfolios”). “These transactions […]
News Release: Hicks Ventures Announces $100 Million Healthcare Development Joint Venture With Artemis Real Estate Partners
Houston, TX (January 13, 2022) — Hicks Ventures, a Houston-based, privately held development company, signed a $100 million joint venture agreement with metropolitan Washington, DC-based Artemis Real Estate Partners (Artemis) to develop national Inpatient Rehabilitation Facilities (IRFs) and Behavioral Health Hospitals (BHHs). “This joint venture will give our Operator Partners surety of close and execution,” […]
News Release: Newmark Completes $815 Million Sale of Charles Park in Cambridge, Massachusetts
The Davis Companies and Principal Real Estate Investors sell two-building, 408,259-square-foot office complex and associated parking garage with plans for a life science facility NEWS PROVIDED BY Newmark Group, Inc. Jan 11, 2022, 15:55 ET BOSTON, Jan. 11, 2022 /PRNewswire/ — Newmark announces the $815 million sale of Charles Park, a two-building office complex and associated […]
News Release: Matthews brokers $5.97m sale of ATL MSA healthcare clinic
12 Jan 2022 Atlanta, GA – Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, completed the sale of Atlanta Heart Specialists, a cardiology practice located at 4375 Johns Creek Parkway, Suwanee, GA. The facility is positioned in a well-known medical complex adjacent to major hospital, Emory Johns Creek Hospital. […]
News Release: SOLD – Inpatient Rehabilitation Hospital | Coralville, IA
SOLD Coralville Iowa Inpatient Rehabilitation Hospital Sale Announcement HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of an inpatient rehabilitation hospital located in Coralville, IA. Mercy Iowa City Rehabilitation Hospital was recently constructed in 2020 in partnership Mercy Iowa City, an affiliate of MercyOne, and Kindred Healthcare to address […]
News Release: Newmark Arranges Disposition of 15-Building Medical Office Portfolio and Facilitates Acquisition Financing
FOR IMMEDIATE RELEASE Assets are located across high-growth Sunbelt states Philadelphia, PA (Jan. 12, 2021) — Newmark announces it has facilitated the sale of the Southern Core Medical Office Portfolio, a 15-building, approximately 400,000-square-foot medical office building portfolio located across seven Sunbelt states. Newmark Executive Managing Director Ben Appel, Senior Managing Directors Jay Miele and […]
News Release: Ryan Breaks Ground on Highland Bridge Medical Office, Names Additional Tenants
Two new tenants have been named for Highland Bridge Medical Office. This rendering shows the Southeast corner view of the building. SAINT PAUL, MINN. ( JAN 12, 2022 ) Construction has begun on the Class A, multi-tenant medical office building at Highland Bridge, a 122-acre mixed-use master development located along the Mississippi River in the […]
Breaking News
- News Release: CD Healthcare Infrastructure Partners Facilitates Consumer-Centric Healthcare Delivery on the Philadelphia Main Line
- News Release: Newmark Advises Ryan Companies on the Sale of National 11-Property Medical Office Portfolio
- News Release: Thomas Park Investments Launches Joint Venture with Artemis Real Estate Partners
