July 2018
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Transactions: Biggest single-asset MOB deal?
Unit of German bank pays $332.5M for Manhattan MOB leased by NYU Langone By John B. Mugford In what looks to be the largest investment ever made for a single medical office building (MOB) – at least to date – the real estate arm of a German bank closed in late May on the acquisition […]
Hot Property: Another large, quality MOB portfolio
Sources say that CNL Healthcare Properties is considering a sale of its 54 MOBs Name: CNL MOB Portfolio Number of buildings: 54 Square feet: 3.26 million Locations: 17 states Seller: CNL Healthcare Properties Investment in the MOBs: $931.4 million Last year, we at Healthcare Real Estate Insights™ – and others – declared 2017 to be […]
News Release: Capital One Closes $36.6 Million Loan to Meridian Senior Living for Acquisition of Ohio Senior Housing Facilities
Capital One Closes $36.6 Million Loan to Meridian Senior Living for Acquisition of Ohio Senior Housing Facilities Bethesda, Md. (July 25, 2018) – Capital One announced today that it provided a $36.6 million adjustable-rate loan to finance the acquisition of a portfolio of three senior housing communities in Ohio. The properties were developed by Alcore Senior, which […]
Entries now open for sixth annual HREI Insights Awards
Healthcare Real Estate Insights™ magazine announces that entries are now open for the Sixth Annual HREI Insights Awards, recognizing excellence in healthcare real estate. Entries are due Monday, Oct. 1, 2018. About the HREI Insights Awards™ The HREI Insights Awards™ were established by Healthcare Real Estate Insights™ magazine in 2013 to recognize excellence in healthcare real […]
News Release: LaSalle Acquires Memorial Hermann Medical Plaza in Houston
Trophy Medical Office Tower Located in the World’s Largest Healthcare Complex Houston (July 24, 2018) – LaSalle Investment Management (“LaSalle”) announced today that it has acquired Memorial Hermann Medical Plaza (“MHMP” or “the property”), a trophy medical office tower in Houston, on behalf of its U.S. core open-end real estate fund, LaSalle Property Fund (“LPF”). […]
News Release: Hoffman Facility Opening
Minnewaska Community Health Completes Hoffman Project Hoffman, Minn., (July 23, 2018) – Minnewaska Community Health Services (MCHS) is proud to announce the opening of its newest facility, Hoffman Senior Living, which is committed to serving those living in Hoffman, Minn., and the surrounding area. Hoffman Senior Living is a one-story facility offering 10 assisted living units […]
News Release: Capital One Closes $242.7 Million Loan to Recapitalize Seniors Housing Portfolio
Bethesda, Md. (July 23, 2018) – Capital One announced today that it acted as sole lead arranger, sole bookrunner, and administrative agent on a $242.7 million senior secured term loan for a joint venture managed by Seattle based alternative investment firm, Columbia Pacific Advisors. The proceeds were used to facilitate the recapitalization and acquisition of a […]
Thought Leaders: Rapidly evolving health care system drawing more investors to medical office buildings
New Avison Young report details changes in health care that are creating opportunities for investors WASHINGTON, DC – Changes in the health care system – despite bringing many unsettling challenges – are spurring even more investment in medical office buildings, says Avison Young Principal Jim Kornick. The nation’s aging population is creating increased demand while […]
Post-Acute & Senior Living: Confluent, Harbor Retirement start work on Memphis, Tenn.-area senior community
Denver-based Confluent Senior Living and Vero Beach, Fla.-based Harbor Retirement Associates (HRA) have started construction on the three-story, 123-unit Harbor Chase of German town assisted
News Release: Nationally Recognized Dreyer Joins Taylor Design
Taylor Design Appoints Laurie Dreyer to Director of Development Irvine, CA (July 20, 2018) — Taylor Design, a strategy-based architecture and interior design firm, has appointed Laurie Dreyer as its Director of Development. In this role, Dreyer will focus on corporate communications, recruitment and overall growth for this 100% employee-owned firm. Dreyer is nationally recognized in […]
News Release: Bull Realty Brokers $10.4 Million Medical Office Building in TN
Atlanta (July 19, 2018) — The Healthcare Real Estate Services Group at Bull Realty brokered the sale of the Knoxville Dermatology Group building, a Medical Office Building located on 2.65 acres in Knoxville, TN. The sale closed on July 16, 2018 for $10,400,000. The property is 100% occupied by Knoxville Dermatology Group, who has been […]
News Release: It’s a Done Deal: Fieldhome
Raymond James advises Fieldhome on the sale of its Skilled Nursing Facility, Assisted Living Facility and Children’s Day Care Program to Personal Healthcare Net transaction proceeds were contributed to the Field Hall Foundation, which Fieldhome will continue to operate, enabling Fieldhome to continue its mission through the provision of grants to area programs that address […]
News Release: HFF announces $30M sale of and $25M financing for Physicians Medical Center in the Bay Area
HFF announces the $30 million sale of and the $25 million financing for Physicians Medical Center, a 70,705-square-foot, purpose-built medical office building immediately south of San Francisco in Daly City, California. The HFF team represented the seller, Swift Real Estate Partners, and procured the buyer, Pinnacle Capital Management Services (PCMS) and joint venture investment partners, […]
News Release: NexCore Breaks Ground for CHI Health St. Francis Cancer Treatment Center
The on-campus, one-story, 40,380 square foot cancer treatment center in Grand Island, Neb., broke ground July 12, and is set to open its doors September 2019 Top: NexCore Group has begun development of the new 40,380 square foot CHI St. Francis Cancer Treatment Center in Grand Island, Neb. Bottom: Ground was broken July 12 […]