Companies & People: Physicians Realty Trust expands asset management, leasing operations with new hires
Milwaukee-based Physicians Realty Trust (NYSE: DOC) has expanded its asset management and leasing platform with three recent hirings.
Companies & People: Cornerstone Companies hires entrepreneur John White as VP to lead its new office in Minneapolis
Indianapolis-based Cornerstone Companies, an integrated healthcare real estate (HRE) company that manages a portfolio of 4 million square feet of space mostly in the Midwest, is opening an office in Minneapolis headed by John White, whom the company recently hired as a VP.
Cover Story: A tale of three sellers
When three of the key players in the Harrison Street acquisition –Darryl Freling, Steve Hewett and Chris Bodnar – sat down to discuss the deal with HREI™ just nine days after the closing, they seemed simultaneously elated, amazed and a bit weary.
Outpatient Projects: The Villages to get large MOB
Anchor Health Properties to develop, co-own 285,000 square foot facility in Central Florida John B. Mugford The Villages, the massive 55-plus community that spans three counties in Central Florida, is home to three town squares, a multitude of restaurants and entertainment options, numerous neighborhoods and a population topping 120,000 residents.
Hot Property: Seven-asset MOB portfolio offered
CBRE is marketing assets totaling nearly 400,000 square feet across three states Murray W. Wolf Name: Tri-State MOB Portfolio No. of buildings: 7 States: Texas, Florida and Colorado Total Size: 395,115 square feet Percent leased: 71.7 Pro forma NOI: about $5.49 million In place NOI: about $5.26 million Brokerage: CBRE
Transactions: Capital One provides $68M loan for previously announced Anchor Health acquisition
BETHESDA, Md. – In more news from Capital One, HREI™ has learned that Wilmington, Del. based Anchor Health Properties had acquired the two-building, 206,000 square foot Chancellor Park Medical Campus in La Jolla, Calif.
Transactions: Capital One provides financing for West Coast senior housing owner to acquire four facilities
BETHESDA, Md. – Vancouver, Wash.-based Prestige Care Inc. recently acquired four senior housing and skilled nursing facilities (SNFs) in Washington and Idaho, financing the purchases by refinancing three facilities it owns in Oregon and Washington. Bethesda, Md.-based Capital One Healthcare provided a $41.1 million first mortgage and a $5 million senior credit facility for Prestige Care.
Transactions: Capital One provides $28.4 million refinancing for Landmark’s 122,000 s.f. MOB near Tampa, Fla.
BRANDON, Fla. – Bethesda, Md.-based Capital One Healthcare recently provided a $28.4 million loan to refinance construction debt on a 122,000 square foot, off-campus MOB in Brandon that was purpose-built for Tampa (Fla.) General Hospital.
Transactions: Meridian acquires value-add MOB in Phoenix, paying nearly $5 million for ‘landmark’ facility
PHOENIX – Santa Rosa Calif.-based Meridian, which often acquires and upgrades medical facilities, has purchased Grunow Memorial Medical Center, a “landmark” 51,150 square foot MOB at 926 East McDowell Road in Phoenix.
Transactions: Pisula Development Company, Harrison Street JV acquires Texas, transitional care facility
THE WOODLANDS, Texas – The Woodlands-based Pisula Development Company announced Aug. 23 the acquisition of Brightpointe at Rivershire, a 62,000 square foot, 150-bed transitional care facility in the Houston suburb of Conroe, Texas.
Transactions: Ventas was seller in previously announced sale of four-building San Antonio MOB portfolio
SAN ANTONIO – On Aug. 9, Healthcare Real Estate Insights™ reported that a portfolio of four large MOBs in San Antonio had been acquired by a partnership comprised of MLL Capital, Artemis Real Estate Partners and Ackerman & Co.
Transactions: Urgent care center in Dallas changes hands; Sun Commercial represents buyer
DALLAS – The Investment Services Group at Las Vegas-based Sun Commercial Real Estate recently represented the buyer of a single-tenant, double-net leased CareNow Urgent Care Center in Dallas.
Transactions: MOB changes hands in Long Beach, Calif.; CBRE’s Southern California team represents the seller
LONG BEACH, Calif. – The Investment Properties Southern California team of CBRE Group Inc. (NYSE CBG) recently brokered the sale of 3530 Atlantic Ave. in Long Beach, for $4.056 million.
Transactions: Local firm acquires two MOBs for a total of $11.9 million in affluent suburbs of Atlanta
ATLANTA – Atlanta-based SG Property Services, a real estate firm focused on healthcare and professional office developments, recently acquired two MOBs in affluent Atlanta suburbs for a total of $11.9 million.
Transactions: Health complex in Phoenix sells for $12.1 million; local office of Avison Young brokers sale
PHOENIX – Foothills Health Center, a two-building, 53,310 square foot medical office property in the Ahwatukee submarket of Phoenix, recently changed hands for $12.1 million. Nicholas Pelusio and Kevin Helland of the Phoenix office of Toronto-based Avison Young represented the seller, Chicago-based United Insurance Company of America.
