REIT Report: Flagship’s new REIT off and running
Flagship Healthcare Trust is a private REIT with 37 properties and 1.2 million sf. By John B. Mugford As Charlotte, N.C.-based Flagship Healthcare Properties continued to grow its portfolio of owned medical office buildings (MOBs) and healthcare facilities, its leaders decided in 2016 to “pause” and examine whether their ownership structure was the best one […]
Companies & People: HRE Capital facilitated a $285 million MOB portfolio sale in and around Greenville, S.C.
Palm Beach, FL – One of the largest MOB deals in recent months, as reported in the Healthcare Real Estate Insights™ weekly e newsletter Aug. 8, a partnership of HCP Inc. (NYSE: HCP) and
Post-Acute & Senior Living: Ventas Inc. to pay $194 million for independent senior living facility in heart of Manhattan
New York – Brentwood, Tenn.-based Brookdale Senior Living Inc. (NYSE: BKD) has agreed to sell a senior living community it owns in Manhattan to Chicago-based Ventas Inc. (NYSE: VTR) for $194
Industry Pulse: Which Systems are the Most Rapidly Expanding?
Revista report finds that many providers are adding tremendously to their real estate We always eagerly await the release of Revista’s annual “Top 50 Owners of Medical Real Estate” report, which our friends from the Arnold, Md.-based healthcare real estate (HRE) research firm are always so generously willing to share with Healthcare Real Estate Insights™.
Transactions: Another big deal for Harrison Street
Private investor pays an estimated $165.2 million for three-MOB N.J. complex By John B. Mugford Although the offering was marketed somewhat quietly and directly to a select group of potential investors, demand was “very” strong for a three-building, 538,107 square foot medical office building (MOB) complex in Morristown, N.J., 30 miles or so west of […]
Transactions: Urgent care, retail building trades in Tucson, Ariz.; Sun Commercial sourced the deal
Tucson, AZ – A 7,200 square foot, two-tenant medical and retail building in Tucson recently traded hands for $3 million, according to the Investment Services Group with Las Vegas-based Sun
Companies & People: Rendina Healthcare Real Estate promotes Brian Cich to COO, overseeing national operations
Jupiter, FA – Jupiter-based Rendina Healthcare Real Estate, which has six offices nationwide, the firm recently promoted Brian Cich to chief operating officer (COO). In his new role, Mr. Cich oversees all
Companies & People: Griffin-American Healthcare REIT III reports Q2 operating results; portfolio valued at $3 billion
Irvine, CA – Irvine-based Griffin-American Healthcare REIT III Inc. announced its operating results for the second quarter (Q2), when the non-traded real estate
Transactions: Piedmont Healthcare-occupied MOB in Loganville, Ga., trades for $7.35 million
Loganville, GA – Piedmont Healthcare Medical Center, a 15,000 square foot MOB in Loganville, about 40 miles east of Atlanta, traded hands on Sept. 4 for $7.35 million. Brokering the sale for the private seller was Paul Zeman, president of the Healthcare Real
Inpatient Projects: $400M Pittsburgh eye hospital OK’d
UPMC gains city approval for 10-story Vision and Rehabilitation Hospital By John B. Mugford As part of a $2 billion system-wide capital improvement plan that would including adding three new specialty hospitals to its extensive network in western Pennsylvania, Pittsburgh-based UPMC recently received the approval it needs to move forward with a $400 million expansion […]
Inpatient Projects: Dallas-based Methodist gains approval for new hospital in growing Midlothian, Texas
Midlothian, Texas – Dallas-based Methodist Health System has received city approval to move forward with a five-story, 190,000 square foot acute care hospital in fast-growing Midlothian, in the south-central part of the Dallas-Fort Worth (DFW) Metroplex. The
Outpatient Projects: Kaiser Permanente to convert office into large MOB in San Rafael, Calif
San Rafael, CA – Oakland, Calif.-based Kaiser Permanente’s plan to convert a vacant, 148,000 square foot general office building in San Rafael into an MOB continues to proceed through the city process.
Transactions: Kayne Anderson, MBRE buy medical office park in Ashburn, Va., for $15.2 million
Ashburn, VA – A joint venture (JV) partnership of Los Angeles based Kayne Anderson Real Estate and Chicago-based MBRE Healthcare recently acquired a three-building medical office park in
Hot Property: Nice scale to four-MOB HSA portfolio
Portfolio totals 143,228 square feet in the Chicago and Minneapolis areas Name: HSA PrimeCare Portfolio Number of buildings: 4 Square feet: 143,228 Metro areas: Chicago, Minneapolis Occupancy: 93.6 percent Avg. remaining lease: 7.7 years Avg. year built: 2007 Brokerage: JLL Lead broker: Brian Bacharach As we’ve noted numerous times on the pages of Healthcare Real […]
Post-Acute & Senior Living: San Fran area project is a big one
PMB, Generations LLC planning large senior housing, medical complex By John B. Mugford As the population of local seniors increases in coming years in the suburbs south of San Francisco, the area will be in dire need of more housing and healthcare services for this aging cohort. The Peninsula Health Care District, which is based […]
