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Aurora Health Care is the master lessee of a $20.4 million, three-story, 60,800 square foot MOB/ASC in Wauwatosa, Wis., which was developed and is owned by Mayfair Medical Properties LLC, a joint venture of a local developer and a physician group. (Photo courtesy of VJS Construction Services and Aerialscapes Inc.)

Archives: June 2013

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Aurora Health Care is the master lessee of a $20.4 million, three-story, 60,800 square foot MOB/ASC in Wauwatosa, Wis., which was developed and is owned by Mayfair Medical Properties LLC, a joint venture of a local developer and a physician group. (Photo courtesy of VJS Construction Services and Aerialscapes Inc.)

Cover Story: Is it wise to monetize MOBs?

At BOMA, health system executives outlined why their answer is ‘yes’

Fairfield Asset Advisors recently brokered the $13.3 million sale of this 30,000 square foot, off-campus medical office building in Houston, which is leased by Memorial Hermann Convenient Care Center. The buyer was  ARC Healthcare Trust (Photo courtesy of HCP Inc.)

Feature Story: A new name is closing MOB deals

Fairfield Asset Advisors says it’s found a niche in healthcare real estate. Recent deals appear to back that up. By John B. Mugford New entrants often trumpet their move into the healthcare real estate sector, but most of them don’t succeed. Fairfield Asset Advisors is letting its transactions do the talking.

The 96-bed, 61,125 square foot Heartis Cleburne assisted living and memory care residence, south of Fort Worth, Texas, is the first of up to a dozen senior living facilities Caddis Partners plans to develop under its new Heartis brand. (Rendering courtesy of Caddis Partners)

Post-Acute & Senior Living: Firm puts its brand on senior sector

Caddis Partners plans to develop up to 12 senior residences in next 18 months By Murray W. Wolf Caddis Partners LLC, a healthcare real estate firm best known for its medical office buildings (MOBs), is jumping into the senior housing market with both feet. In recent weeks, the Dallas-based healthcare real estate development, management and […]

One of Griffin-American’s recent acquisitions was the one-story, 18,000 square foot Rockwall Medical Office Building II in the Dallas suburb of Rockwall, Texas. (Photo courtesy of Griffin-American Healthcare REIT II Inc.)

Transactions: Two months, 21 assets acquired

Griffin-American Healthcare REIT II spends $141.3 million on 17 MOBs, four SNFs By John B. Mugford In the largest of the more-recent transactions, the REIT purchased 11 properties in what is known as the Central Indiana MOB Portfolio. The seller was

Mercy South Medical Office Building in Bakersfield, Calif., is part of the pending Dignity Health MOB Portfolio sale. (Photo courtesy of CBRE)

Hot Property: JLL plans to sell 13-building portfolio

Offering totals 657,811 square feet in California, Arizona; Dignity occupies 33% Name: Dignity Medical Office Portfolio Number of MOBs: 13 Locations: California and Arizona Size: 657,811 square feet Occupancy: 79% Seller: JLL Income Properties Trust Inc. Largest tenant: Dignity Health (33%) Brokerage firm: CBRE Group Inc. CALIFORNIA, ARIZONA – Big medical office building (MOB) portfolio […]

The future Golisano Children's Hospital of Southwest Florida would be built in south Fort Myers and be part of the Lee Memorial Health system. It is scheduled to open in 2107. (Rendering courtesy of Harvard Jolly Inc.)

Inpatient Projects: $242M children’s hospital planned

Alleviating overcrowding a primary goal of building facility in Fort Myers, Fla. By John B. Mugford When beds periodically become scarce at the children’s hospital inside HealthPark Medical Center in Fort Myers, Fla., pediatric patients are sometimes diverted to hospitals in other cities. On occasion, the destinations include Tampa or Miami.

Peoria, Ariz.-based Plaza Cos. has won the leasing assignment for the eight-building, 398,000 square foot Scottsdale Healthcare medical office building (MOB) portfolio, including the 97,549 square foot Mountain Vista MOB in Mesa, Ariz. (Photo courtesy of HCP Inc.)

Companies & People: Plaza lands big leasing assignment

Firm is now in charge of REIT’s 795,000 square foot portfolio in Greater Phoenix  By John B. Mugford When the Scottsdale Healthcare system in Arizona put a portfolio of medical office buildings (MOBs) on the market in late 2011, it was certainly big news in the healthcare real estate (HRE) sector.

Transactions: Broadstone acquires six MOBs from Milwaukee developer for $46.5 million

MILWAUKEE – In early June, Milwaukee-based Irgens, a healthcare and commercial real estate firm, sold six MOBs in a deal valued at $46.5 million. The buyer was Rochester, N.Y.-based Broadstone Real Estate.

Outpatient Projects: Kelsey-Seybold moves into former bookstore at Houston shopping center

HOUSTON – The hard times being felt by big box bookstore chains have provided numerous opportunities nationwide for other potential users of their expansive – and often vacated – spaces.  In Houston, well-known Kelsey-Seybold Clinic, a large multi-specialty group with more than 20 locations throughout the metropolitan area, recently opened

The new Scott & White Specialty Clinic – Marble Falls is located on the campus of a planned 46-bed hospital in Marble Falls, Texas. (Photo courtesy of Duke Realty)

Companies & People: Duke Realty’s new 66,000 s.f. Scott & White MOB opens in Marble Falls, Texas

MARBLE FALLS, Texas – Duke Realty Corp.’s newly developed Scott & White Specialty Clinic-Marble Falls recently opened for business. Temple, Texas-based Scott & White Healthcare, which operates the largest multi-specialty physician group in the state, is leasing the building for its employed physicians as well as for a variety of clinical outpatient services. The three-story, 66,000 […]

Outpatient Projects: Landmark starts new 100,000 s.f. MOB on hospital campus in New Jersey

OLD BRIDGE, N.J. – Construction started recently on a 100,000 square foot MOB in Old Bridge that is being developed by Milwaukee-based Landmark Healthcare Facilities. The future facility is under construction on

Transactions: CNL Healthcare Properties adds to portfolio with $13.1M cancer center acquisition

WESTVILLE, Ind. – Orlando, Fla.-based CNL Healthcare Properties, an unlisted REIT focused on seniors housing and healthcare real estate (HRE), recently acquired a freestanding comprehensive cancer care center in Westville, Ind. The REIT, which is sponsored by CNL Financial Group LLC, paid

Outpatient Projects: Court ruling clears path for new MOB

Resolution of Birmingham, Ala., hospital’s fate opens way for Daniel Corp. plan By John B. Mugford The recent news that Trinity Medical Center can finally proceed with its plans to relocate to partially completed HealthSouth Corp.’s Digital Hospital in Birmingham, Ala., was undoubtedly greeted with cheers by hospital officials. But Trinity officials probably weren’t the […]

Transactions: Virtus, Flagship team up on $12.47 million MOB purchase in Greensboro, N.C.

GREENSBORO, N.C. – While it has flown under the radar a bit in the HRE sector, 10-year-old Austin, Texas-based Virtus Real Estate Capital has now acquired 47 medical office properties with affiliates and joint venture partners. In recent weeks, the private equity real estate investor partnered with Charlotte, N.C.-based Flagship Healthcare Real Estate Fund in […]