Archives: June 2013
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Cover Story: Is it wise to monetize MOBs?
At BOMA, health system executives outlined why their answer is ‘yes’
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.
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 […]
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
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 […]
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.
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
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 […]
