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Transactions: Anchor Health Properties has a big week of acquisitions
HRE investor, developer acquired four properties in early April totaling 237,379 square feet By John B. Mugford For any medical office building (MOB) investor, there are bound to lulls in acquisition activity. Such lulls, if you will, can be attributed to any number of factors, including not finding properties to an investor’s liking or its […]
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Transactions: ‘Trophy’ Boston MOB sells for $916 PSF
German investor acquires 147 Milk Street for $47.95 million in an ‘ultra-core’ deal By John B. Mugford For the third time in as many weeks, HREI™ is reporting a significant, single-asset sale in the medical office building (MOB) market, as a 52,337 square foot property in Boston traded for $47.95 million, or $916 per square […]
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Transactions: Harrison Street acquires campus-adjacent MOB for $53.6M
The 75,000 square foot facility is next to the Palomar Medical Center in Escondido, Calif. By John B. Mugford As we noted last week in HREI, there seems to a bit of a dearth when it comes to pricier medical office building (MOB) deals so far in 2021. However, just as we reported on March […]
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Companies & People: Steve Leathers returns to his roots
After a successful run as a broker, he has formed a new HRE investment firm By John B. Mugford Steve Leathers has made a strong name for himself in the healthcare real estate (HRE) sector during the past 16 years or so, both on the principal and brokerage sides of the business. His name could […]
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Feature Story: HRE execs foresee a big year for MOBs
The pandemic put an even brighter spotlight on the product type, Revista panel says By John B. Mugford For the past several years, professionals involved in the medical office building (MOB) sector have been saying that, aside from an economic downturn or total transformation of the healthcare system, there is just one thing that could […]
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Transactions: The final tally: $11.04 billion in MOB sales
Revista confirms that total volume topped $11 billion for the fifth straight year in 2020 By John B. Mugford In late January, Arnold, Md.-based Revista, a research firm focused on providing a wide variety of healthcare real estate (HRE) data to its subscribers, reported that medical office building (MOB) sales had “preliminarily” totaled $10.2 billion […]
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Companies: HTA makes $129M of Q4 purchases
After $181M of acquisitions in 2020, REIT projects $300M-$600M for 2021 By John B. Mugford After remaining somewhat quiet during much of a pandemic-ridden 2020, Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) finished the year with a more-active fourth quarter (Q4). In a recent business update as well as its Q4 results, the […]
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Companies & People: DOC picked up the pace in late 2020
REIT invested $208.2 million in Q4 after a slow first three quarters of the year By John B. Mugford Like a number of the other publicly traded healthcare real estate investment trusts (REITs), Milwaukee-based Physicians Realty Trust (NYSE: DOC) slowed its investment activity throughout most of the pandemic-ridden year of 2020. But as the year […]
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Feature Story: Economist imparts positive outlook for the economy, healthcare HRE
Ryan Severino of JLL shares optimism about the economy, healthcare and HRE By John B. Mugford Unlike other past economic crises, the current one is quite different in that it is dominated by a pandemic hindering both the supply side and the demand side of the economy simultaneously. This double-edged sword has, at least so […]
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Feature Story: MOB construction remains strong
Revista data also shows that third-party developers grew market share in 2020 By John B. Mugford Although many healthcare real estate (HRE) professionals correctly predicted that medical office building (MOB) sales would remain strong during the COVID-19 pandemic, they did express some concern that construction numbers would fall as providers would be forced to focus […]
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Transactions: Q4 rally propels 2020 MOB sales above $10B once again
RCA has 2020 MOB sales at $11.3B; ‘Preliminary’ Revista sales are $10.2B By John B. Mugford Coming into last year, there seemed to be no question that total sales volume in the red hot medical office building (MOB) market would surpass what had become the annual benchmark: $10 billion. But then the COVID-19 pandemic made […]
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Hot Property: 806,885 square foot, 95% occupied portfolio hits the market
Cornerstone offering could fetch upwards of $250M; Newmark is the broker Although medical office buildings (MOBs) have become well accepted as a desired asset class for an ever-widening pool of investors, large portfolio offerings tend to be a rather rare commodity. In fact, through the first three quarters of 2020, single-asset transactions accounted for about […]
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Feature Story: MOB space still steady, Revista says
Sales (which topped $10 billion), construction, occupancy remain strong By John B. Mugford This might be considered a somewhat boring news lead: Most of the statistics used to reflect the state of the medical office building (MOB) sector, including occupancy, construction completions and starts, absorption of new space, the sales volume and pricing, remained steady […]
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Feature Story: Sanders and Starr were a winning combination
HREI’s 2020 Lifetime Achievement Award co-winners built The Sanders Trust into one of the HRE’s sector longstanding, respected firms By John B. Mugford Early in his career in commercial real estate, Rance Sanders came up with what seemed to be a great idea for a new business. At least he thought so. “I told my […]
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Feature Story: Mark Toothacre named top exec
PMB president proud of building firm’s reputation and long-term relationships By Connie M. McCaffrey Those who know PMB President Mark D. Toothacre describe a visionary but humble and mentoring leader who is quick to share opportunities and recognition with others. That selflessness – along with an enviable track record – has earned Mr. Toothacre the […]
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Feature Story: Kaiser remains on a roll (for real estate ownership)
Revista’s Top 50 ownership report also shows inventory growth, strong construction By John B. Mugford It sounds like a broken record — or to be more up to date, a faulty MP3 recording. However, once again, as has been the case for the past seven years, Oakland, Calif.-based Kaiser Permanente, the giant health insurance firm […]
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November/December 2020
Please click on one of the options below to access the current edition of Healthcare Real Estate Insights™ in your preferred format (paid subscription required): PDF (“snapshot” of entire publication) Website (individual articles) 2020 Archives 2019 Archives 2018 Archives 2017 Archives 2016 Archives 2015 Archives 2014 Archives 2013 Archives The full content of this […]
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Cover Story: Remedy: New name, same aim
The firm has rebranded, but the former MBRE Healthcare team is sticking to the successful formula that has made it the nation’s largest private owner of MOBs By John B. Mugford The year was 2009, amid the throes of the Great Recession. Peter Westmeyer had joined MB Real Estate in Chicago a couple of years […]
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News Release: On-campus Laguna Hills (Calif.) MOB trades for $31.335M
JLL Capital Markets led sales efforts for The Laguna, located in the supply-constrained Laguna Hills market SAN DIEGO – Apr. 14, 2021 – JLL Capital Markets announced today that it has closed the $31.335 million sale of The Laguna, a 57,573-square-foot, medical office building in Laguna Hills, California. JLL represented the seller, Meridian, in arranging […]
News Release: Recently Sold – On-Campus Class “A” Medical Office Building Portfolio | Bakersfield, CA
RECENTLY SOLD MEDICAL OFFICE PORTFOLIO 3 CLASS “A” MOBs SIZE: 65,140 RSF LOCATION: ON-CAMPUS healthcareREA.com ANNOUNCEMENT HREA | Healthcare Real Estate Advisors is pleased to announce the sale of a Class “A” Medical Office Building portfolio located in Bakersfield, CA. Consisting of approximately 65,140 SF, the portfolio includes three (3) multi-tenant medical office buildings that […]
News Release: Just Sold – Gresham Station Medical Plaza
APRIL 12, 2021 CBRE HEALTHCARE & LIFE SCIENCES CAPITAL MARKETS JUST SOLD GRESHAM STATION MEDICAL PLAZA GRESHAM, OR TRANSACTION HIGHLIGHTS DATE SOLD: 4/9/2021 SIZE: ±100,419 SF OCCUPANCY: 79% Gresham Station Medical Plaza CBRE U.S. Healthcare & Life Sciences Capital Markets is pleased to announce the sale of Gresham Station Medical Plaza (the “Property”), a four-building medical […]
News Release: DuPage Medical Group Opens New Westmont Medical Office Building
DOWNERS GROVE, Ill., April 12, 2021 — DuPage Medical Group (DMG), the largest independent, multi-specialty physician group in Illinois, has opened a new medical office building at 303 West Ogden Avenue in Westmont. The 50,000 square-foot, state-of-the-art facility will offer a wide range of healthcare services, including cardiology and cardiology testing, an immediate care center, laboratory services, […]
News Release: Anchor Health Properties Continues Targeted Investment in Philadelphia MSA with 85,242 Square Foot Portfolio Acquisition
FOR IMMEDIATE RELEASE April 12, 2021 (Media, PA) Anchor Health Properties (Anchor), a national full service healthcare real estate development, management, and investment company focused exclusively on healthcare facilities, has recently invested in a two-building, 85,242 square foot portfolio located in the Bala Cynwyd suburb of Philadelphia, Pennsylvania. The properties were acquired through a joint […]
News Release: Just Sold – Life Science Building in Sorrento Mesa, San Diego for $20.25 Million
JUST SOLD 5785 Oberlin Drive CBRE’s Investment Properties–California/Arizona/Nevada team is pleased to announce the sale of 5785 Oberlin Drive in San Diego, California, for $20.25 million ($322 PSF). The 62,823-square-foot, three-story property was redeveloped into a life science use in 2020. It features balconies, barbecue area, showers, lockers and 200 parking stalls. The property is […]
News Release: U.S. Senior Housing Occupancy Reaches New Low
4:30 p.m. EDT Thurs., April 8 Senior housing occupancy in the United States reached a record low of 78.8 percent in the first quarter of 2021, falling 1.8 percentage points from the last quarter of 2020 and 8.7 percentage points from a year ago, according to new NIC MAP® data, powered by NIC MAP Vision. […]
News Releases: Meridian Sells 57,000 SF Medical Office Building in Orange County, California
Meridian Sells 57,000 SF Medical Office Building in Orange County, California NEWPORT BEACH, Calif. – Meridian, a full-service real estate developer and owner of medical office real estate, announced that it has completed the sale of The Laguna, a 57,573-square-foot medical office building located at 24022 Calle de la Plata, on the Memorial Care Saddleback […]
News Release: Avison Young Dallas awarded 167,000 SF four-building medical office property portfolio in Carrollton, TX
Avison Young’s Dallas Property Management Division awarded four-building medical office property portfolio in Carrollton, TX 167,397-sf assignment brings property management portfolio to more than 685,000-sf over the past 12 months Dallas, TX – Avison Young’s Property Management Division within the Dallas office has been awarded a four-building, medical office portfolio totaling 167,397 square feet (sf) […]
News Release: Transwestern grows Healthcare Advisory Team in Dallas with three experts
New Hires Solidify Healthcare Advisory Services Team As Country’s Largest (APRIL 8, 2021 – DALLAS) – Transwestern Real Estate Services (TRS) announces the expansion of its Healthcare Advisory team in Dallas with three new additions to the firm: Vice President Laura Lea, Vice President Evan Saks, and Associate Bob Krass. As part of the team’s […]
News Release: Kerry Swanson Joins ERDMAN’s Advisory Services Group as Managing Director
FOR IMMEDIATE RELEASE April 7, 2021 Madison, Wis. – Kerry Swanson is ERDMAN’s new managing director for our Advisory Services group. Kerry most recently served ERDMAN as an executive advisor. In her new role, Kerry will leverage her unique background in clinical operations, program development, and healthcare construction to create and implement effective systems of […]
News Release: The Neenan Company breaks ground on new community health center in El Dorado County (Placerville, Calif.)
FOR IMMEDIATE RELEASE April 07, 2021 El Dorado Community Health Centers to centralize and expand services in greater Placerville FORT COLLINS, Colo. — The Neenan Company announced a new project in Placerville, Calif. to design and construct El Dorado Community Health Centers’ (EDCHC) new medical clinic, which will serve residents throughout El Dorado County. Neenan […]
News Release: BGL Announces the Sale of the Real Estate Portfolio of Precision Spine Care
Brown Gibbons Lang & Company Deal Announcement Precision Spine Care 39,814 RSF MOB & ASC Acquired by Montecito Medical Real Estate Chicago, IL – April 6, 2021 – Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of the real estate portfolio of Precision Spine Care, totaling approximately 39,814 rentable square feet across two […]
News Release: CIT Serves as Sole Lead Arranger on $18.5 Million Financing for Alabama Cancer Center
NEW YORK — April 6, 2021 — CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on an $18.5 million loan to finance the acquisition of the Singing River Cancer Center in Florence, Alabama. The borrower, Cypress West Partners is an experienced and successful owner and manager […]
News Release: Welltower Issues Business Update in Conjunction with its Participation in the 2nd Annual Mizuho Healthcare REIT Conference
4/6/2021 7:00:00 AM EDT TOLEDO, Ohio, April 6, 2021 /PRNewswire/ — Welltower® Inc. (NYSE: WELL) announced today that it will participate in the second annual Mizuho Healthcare REIT Conference on April 6, 2021. In conjunction with the conference, Welltower has issued the following business update which can be found at: https://welltower.com/mizuho-2021-healthcare-reit-conference-presentation About Welltower Welltower Inc. […]
