May 2015 PDF
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Archives: May 2015
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Feature Story: Where is pricing? Where is it going?
An InterFace West panel discusses the current and future state of MOB cap rates By Murray W. Wolf Of all the information that healthcare real estate (HRE) professionals can gather about medical office building (MOB) sales, the data point that seems to mean the most is the capitalization (cap) rate. After all, the cap rate, […]
Transactions: Norvin closes $66M deal in New York
NYU to repurpose Long Island City industrial building for ambulatory care facility By John B. Mugford An affiliate of the New York-based real estate private equity firm Norvin Healthcare Properties has acquired a two-story, 45,000 square foot property in one of New York’s hottest neighborhoods in a transaction valued at about $66 million, or $1,467 […]
Transactions: Record MOB sales continued in Q1
First quarter volume topped $3 billion, 157% more than the same quarter last year By John B. Mugford Rest assured, there will have to be, at some point in time, a hiccup in this record-setting era of medical office building (MOB) sales.
Transactions: More Healthcare Real Estate Sales Transactions
Harrison Street Real Estate Capital recently paid $15.9 million for the Community Medical Center, a 58,455 square foot MOB at 23101 Sherman Place in West Hills, Calif. West Hills is about 30 miles northwest of Los Angeles, near Thousand Oaks. The five-story building is in an area of medical facilities surrounding the 225-bed West Hills […]
Transactions: Hammes acquires two MOBs in Kitsap County, Wash., for $33.7 million
KITSAP COUNTY, Wash. – Brookfield, Wis.-based The Hammes Co., a longtime HRE development firm that launched an equity investment fund to acquire medical facilities in 2014, recently purchased a two-MOB portfolio in Kitsap County, Wash. Hammes paid $33.7 million for properties in the cities of Port Orchard and Silverdale, both of which are about 13 […]
Transactions: The Sanders Trust enters its 20th state with $12M buy outside of Albany, N.Y.
CLIFTON PARK, N.Y. – For Birmingham, Ala.-based The Sanders Trust (TST), a recent MOB acquisition has increased the company’s presence to 20 states nationwide.
Transactions: ARC Healthcare Trust II pays $15 million for MOB in central California
HANFORD, Calif. – Aggressive buyers are looking far and wide for MOBs, as evidenced by New York-based ARC Healthcare Trust II Inc.’s recent acquisition in Hanford, a city of about 55,000 people in central California.
Transactions: Largest single-asset MOB sale ever?
HFF brokers sale of 705,601 square foot Philadelphia building to HCP Inc. for $160.5 million PHILADELPHIA – In what looks to be the highest price ever paid in the United States for a single medical office building (MOB), Long Beach, Calif.-based HCP Inc. (NYSE: HCP) has closed on the acquisition of a 12-story facility in […]
Hot Property: OKC portfolio offers MOBs, hospitals
Also available, in a separate deal, is a portfolio of four MOBs with 97,238 s.f. Name: HPI Healthcare Portfolio Location: Oklahoma City, Okla. Number of buildings: Four Square footage: 245,658 Leased: 100% Tenant: Healthcare Partners Investments LLC (HPI) First-year NOI: $5.875 million Brokers: Christopher Stai , Clinton Parker Brokerage: Brown Gibbons Lang In Greater Oklahoma […]
Transactions: CNL Healthcare Properties acquires 105,000 square foot medical clinic in Bend, Ore.
BEND, Ore. – Orlando, Fla.-based CNL Health Properties recently acquired the home of a large, independent group practice in Bend, a city of about 170,000 residents in the central part of Oregon.
Transactions: G-A REIT III lands a ‘medical village’
MOB in Mount Dora, Fla., was sold by Central Florida HRE development firm By John B. Mugford Irvine, Calif.-based Griffin-American Healthcare REIT III Inc. continues to add to its portfolio, as it recently acquired what is labeled as a “medical village” in Mount Dora, Fla.
Transactions: Rendina acquires MOB in San Antonio’s South Texas Medical Center
SAN ANTONIO – Rendina Healthcare Real Estate, long known as an HRE development firm, is also on the lookout for properties to add to its portfolio through acquisitions.
