News Release: Broe Real Estate Group Sells Medical Pavilion
Plans to Reinvest in Local Market NEWS PROVIDED BY Broe Real Estate Group 08:08 ET DENVER, Nov. 27, 2018 /PRNewswire/ — Broe Real Estate Group (BREG), a private real estate investment firm headquartered in Denver, CO, confirmed the sale of a 121,789 square foot medical pavilion located at 9601 Blackwell Road in Rockville, MD. Constructed in 2000, Shady Grove Medical Pavilion was […]
News Release: American Healthcare Investors Negotiates Credit Facility of up to $650 Million on Behalf of Griffin-American Healthcare REIT IV
Irvine, Calif. (Nov. 27, 2018) – American Healthcare Investors, LLC and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced today that the REIT and certain of its subsidiaries have entered into a new credit facility totaling $400 million with Merrill Lynch, Pierce, Fenner & Smith Incorporated, Key Bank Capital Markets and […]
News Release: Hanley Investment Group Arranges Sale of MedExpress Urgent Care Ground Lease in O’Fallon, Illinois
This transaction marks the fourth single-tenant MedExpress sold by Hanley Investment Group in the last 18 months. CORONA DEL MAR, Calif. – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has completed the sale of a single-tenant retail […]
News Release: Capital One provides two loans totaling $329.6 million to refinance two medical office building portfolios
FOR IMMEDIATE RELEASE Capital One Provides $107 Million Loan to Refinance Medical Office Building Portfolio Chicago, Ill. (November 26, 2018) – Capital One announced today that it provided a $107 million adjustable rate loan to refinance a 20-asset medical office building portfolio totaling 789,000 square feet. The borrower is a joint venture owned by Kayne Anderson […]
Finalists: Best Post-Acute/Senior Living: PAM Rehabilitation Hospital of Centennial Hills, Las Vegas
Developer: Sina Companies Sina Companies determined there was a need for an inpatient rehabilitation facility near its 24-acre campus in northwest Las Vegas.
Transactions: ESJ Capital Partners sells repositioned medical services campus in Tampa, Fla., for $18 million
Washington NJ – A pair of New Jersey-based real estate firms were recently involved in a transaction involving a 106,415 square foot outpatient campus in the planned community of The Village at
Inpatient Projects: Mayo Clinic plans $648 million expansion at its campus in Phoenix, nearly doubling its size
Phoenix – As demand for its services continues to increase in the Southwest, Rochester, Minn.- based Mayo Clinic has announced plans for a $648 million expansion of its campus in the northern part of Phoenix. The five-year project, known as Arizona Forward,
Industry Pulse: A Stronger Post-Acute Sector Could Benefit HRE
If more health systems acquire post-acute operations, that could benefit the real estate One of the largest publicly traded, healthcare-focused real estate investment trusts (REITs), Toledo based Welltower Inc. (NYSE: WELL), has launched a new report focused on HRE trends and analyses.
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 investment trust (REIT) achieved an average occupancy of 92.4 percent in its non-RIDEA properties and
Transactions: New Atlanta MOB sells for $83 million
DOC acquires 12-story Midtown MOB, which is anchored by Northside Hospital By John B. Mugford The sale of a large, newly completed MOB in the heart of Atlanta’s popular Midtown area comes on the heels of several years of diligent work by Atlanta based Northside Hospital Inc. and Realty Trust Group (RTG), a fullservice healthcare […]
Inpatient Projects: Milwaukee-based Froedtert plans a new hospital in the suburb of Mount Pleasant, Wis
Mount Pleasant, Wis. – Froedtert South Hospital in Kenosha, Wis., recently announced plans for a two-story hospital and four-story MOB on a new campus in nearby Mount Pleasant. The future
Post-Acute & Senior Living: Capital One leverages revised HUD rule to provide refinancing for Chicago-area property
Des Plaines IL. – Bethesda, Md.-based Capital One reports that it recently provided a 35-year, fixed-rate $28.4 million HUD (Housing and Urban Development) loan to refinance a supportive living
Hot Property: 14 MOBs with strong affiliations
Landmark Healthcare Facilities offers 95% occupied, 1.5 million s.f. portfolio Name: Landmark MOB Portfolio Seller: Landmark Healthcare Facilities Number of buildings: 14 Square feet: 1.5 million States: 8 Occupancy: 95 percent Avg. remaining lease: 9 years Brokerage: Healthcare Real Estate Capital (HRE Cap) Lead broker: Jeffrey Cooper So far this year, a number of larger, […]
Industry Pulse: AI Could Save Money, Advance Medicine
Artificial intelligence could help healthcare save billions While healthcare is widely considered to be one of the country’s juggernaut industries, out-of-control, rising costs could derail the sector in any number of ways.
Transactions: Pension fund sells MOBs for $34.4M
Iowa retirement system advisor sells facilities near Philadelphia and New York An undisclosed global investment advisor acting on behalf of the Iowa Public Employee Retirement System (IPERS) recently sold two medical office properties to two separate buyers for a total of $34.4 million.
