Companies & People: Caddis starts MOB investment fund
Expects to invest up to $300 million annually; focus is on long-term ownership By Murray W. Wolf In what they describe as “a major strategic shift,” Caddis executives announced last month that the firm has closed on its first investment fund to acquire fixed-income core medical office building (MOB) assets across the country.
Post-Acute & Senior Living: Ryan Cos. US, LCS and Harrison Street start another continuum of care community
A partnership of Minneapolis-based Ryan Companies US Inc., Des Moines, Iowa-based LCS and Chicago-based Harrison Street Real Estate Capital in mid-December started construction on its third
Transactions: Local physicians, investors acquire 80,000 square foot building on San Antonio campus
PPH Real Estate LLC, a partnership of San Antonio physicians and investors, recently acquired an 80,000 square foot medical building on the campus of CHRISTUS Santa Rosa Medical Center. The seller of the building at 5109 Medical Drive was Dallas-based Stream
Winner: Best New Mob (50,000-99,999 S.F.): NexCore MOB satisfies growing need
WCF Women’s Health Center brings new services to high-growth area of Tampa Women’s Care Florida, a major specialty women’s health group with more than 200 providers and 67 locations in Florida, covers more than 60 percent of female OB/GYN patients in the Tampa market.
Industry Pulse: IRET To Sell Entire Mob Portfolio For $417.5m
Harrison Street said to be the buyer of a 29-asset portfolio with 1.3 million square feet As part of its strategic transformation to focus solely on multifamily properties, Minot, N.D.-based IRET (NYSE: IRET), which also has a major office in Minneapolis, announced Nov. 30 that it has agreed to sell its 28-property, 1.3 million square foot […]
Hot Property: Single asset with strong tenants
Charlotte, N.C., MOB is 95 percent leased in area of strong demographics Charlotte, N.C.-based Carolina Neurosurgery & Spine is one of the oldest and largest neurosurgical practices in the country, as it has 48 doctors working out of 11 locations throughout North and South Carolina.
Transactions: NFK’s Global Healthcare team brokers $38.4 million sale of two-MOB portfolio in Virginia
The Global Healthcare Services team with Newmark Knight Frank (NFK) facilitated the mid-November sale of a two-building medical office building (MOB) portfolio in Virginia Beach. The sale price was $38.4 million for the two buildings with a total of 86,377 square feet. The MOBs, which are […]
January 2018
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Inpatient Projects: Nationwide Children’s in Columbus starts $158 million behavioral health pavilion
Nationwide Children’s Hospital in Columbus broke ground recently for what will become the nation’s largest facility dedicated to providing behavioral health services to children and adolescents. The $158 million, nine-story, 386,000 square foot Big Lots
Companies & People: As part of growth plan, Pacific Medical Buildings hires Ken Henry to lead new Dallas office
In establishing a new office in Dallas, San Diego-based Pacific Medical Buildings (PMB) has hired Ken Henry as senior VP – development. Mr. Henry, who was previously the VP of healthcare development for Lend lease, will establish PMB’s Dallas office and
Companies & People: H2C hires 25-year investment banking veteran Daniel J. Mackell as managing director
New York-based Hammond Hanlon Camp LLC (H2C) recently hired Daniel J. Mackell as managing director. The former CEO of Cottage Capital LLC has more than 25 years of investment banking experience and, according to H2C, has “broad and deep experience,
Winner: HRE Executive of the Year: John T. Thomas is top exec for 2017
He’s led DOC REIT in building its portfolio to $4 billion since its founding in 2013 By John B. Mugford The launching of Milwaukee-based Physicians Realty Trust (NYSE: DOC) took place rather quietly back in 2013, as the real estate investment trust (REIT) commenced with an initial portfolio of 19 medical office buildings (MOBs) valued […]
Winner: Best Inpatient Facility: High tech Kaiser hospital beats plan
Despite size and sophistication, new San Diego facility opens under budget, ahead of schedule Ever since Oakland, Calif.-based Kaiser Permanente opened its first hospital in Greater San Diego in 1975, the healthcare system has relied on creative ways to grow its membership in the market.
Inpatient Projects: Adventist Health acquires 103 acres in Lakeland, Fla., for a possible hospital campus
Altamonte Springs, Fla.-based Adventist Health System in recent months acquired 103 acres near Florida Polytechnic University in Lakeland, about 30 miles east of Tampa. According to the Tampa Business Journal, the health system, which has 45 hospital
Transactions: Dallas-based Ridgeline Capital acquires 42,000 square foot MOB in San Antonio
In more news from San Antonio, Dallas-based Ridgeline Capital Partners and an undisclosed equity partner recently acquired a 42,000 square foot MOB next to the campus of 371-bed Northeast Baptist Hospital. Connally Oaks Medical Center, 2130 N.E. Loop 410, is 95