Outpatient Projects: Kaiser Permanente gains approval for four-story, 197,800 square foot Mob in redwood City, Calif.
REDWOOD CITY, Calif. — Kaiser Permanente recently received approval from the Redwood City Planning Commission to build a four-story, 197,800 square foot MOB at 1175 Marshall St., within its campus just southeast of downtown. Local news media reports that plans approved Feb. 6 call for the on-campus MOB to house specialty care clinics, conference rooms, […]
Transactions: More details emerge on recent IRET portfolio sale; the two assets are St. Luke’s affiliated MOBs in Duluth, Minn.
DULUTH, MN — Investors Real Estate Trust (NYSE: IRET), which has been gradually exiting the healthcare real estate space, announced in January that it had sold 27 of its 28 remaining MOBs. Now, citing newly filed property records, local news media reports that two of the assets are MOBs affiliated with St. Luke’s, a Duluth-area […]
News Release: BGL Real Estate Partners Announces the Sale of Mississippi Coast Endoscopy & Ambulatory Surgery Center and Meridian Surgery Center
BGL Real Estate Partners (“BGLREP”), a division of Brown Gibbons Lang & Company (“BGL”), is pleased to announce the real estate sale of Mississippi Coast Endoscopy & Ambulatory Surgery Center and Meridian Surgery Center, which combined, total approximately 33,700 square feet. BGLREP’s National Healthcare Real Estate Group served as the exclusive advisors to the sellers in […]
News Release: Bull Realty Brokers $3.8 Million Medical Building in Melbourne, FL
Healthcare Real Estate Services at Bull Realty brokered the sale of a 20,621 SF single-tenant medical professional building located in Melbourne, FL. The sale closed on February 16, 2018 for $3,800,000 at a 7.5% cap rate. The property is currently 100% occupied by BioReference Laboratories, the largest laboratory in the Southeast and the third largest […]
News Release: JLL completes sale of 17-building multistate medical office portfolio
Sale signals continuation of high interest in healthcare real estate investment CHICAGO, Feb. 20, 2018 /PRNewswire/ — JLL’s Capital Markets experts today announced the company completed the sale of an institutional-quality, multistate medical office portfolio known as the PHT portfolio. JLL represented the seller, Bentall Kennedy, on behalf of a state pension fund. Heitman LLC, a global real estate investment management […]
News Release: Megan Drummond, Senior Property Manager, recognized with CPM designation
Megan Drummond has served on Cornerstone’s property management team for over three years. On February 15, she was installed as a Certified Property Manager by the Institute of Real Estate Management (IREM). Certified Property Manager (CPM) is a real estate professional designation awarded by the Institute of Real Estate Management and recognized by the National […]
News Release: St. Jude to develop $412 million research center to advance discovery
New center to attract scientists and clinicians in pediatric biomedical research Memphis, Tennessee, February 19, 2018 A new era of scientific advancement is emerging at St. Jude Children’s Research Hospital with the development of a $412-million advanced research center, the institution announced today. Designed as an interactive hub of exploration and discovery, the more than 625,000-square-foot center […]
For Sale: Seniors Housing Portfolio
Highlights 302 Units over 4 Assets Value Add Superior Risk Adjusted Returns Brand New Product Experience Sponsors Summary of the Opportunity RX Capital Markets has been retained to source construction financing for a 165 unit Independent Living. Assisted Living, Memory Care facility near Tampa, FL. We are also seeking LP equity for this project. […]
News Release: Heitman Acquires Premier Multistate, 1.4 million SF PHT Medical Office Portfolio
Chicago, February 16, 2018 – Heitman LLC, a global real estate investment management firm, today announced the acquisition of a 1.4 million square foot medical office portfolio comprised of 17 buildings in seven states on behalf of an affiliate of Heitman. Denver-based NexCore Group advised Heitman during the acquisition and will provide operating and property […]
News Release: Welltower to Change NYSE Ticker Symbol to “WELL”
Welltower Inc. (NYSE: HCN) today announced the change of the ticker symbol for its common and preferred stock listed on the New York Stock Exchange from “HCN” to “WELL,” effective with the opening of trading on February 28, 2018. “Welltower owns, manages and has developed the largest network of premium residential senior care and outpatient medical real estate […]
News Release: ESI Arranges Sale of Assisted Living Facility in Washington for $7.0M
Evans Senior Investments (ESI) successfully represented the sale of Rosewood Villa, a 66 unit assisted living community in Bellingham, Washington for approximately $7,025,000 ($106,000 price per unit). Built in 1978, Rosewood Villa is located 87 miles north of Seattle. At the time of the sale the community averaged 93.9% occupancy over the prior twelve months […]
News Release: Healthcare Trust of America, Inc. Reports Fourth Quarter And Year Ended 2017 Earnings
Healthcare Trust of America, Inc. (NYSE: HTA) (“HTA”) announced results for the quarter and year ended December 31, 2017. Fourth Quarter 2017 Highlights Operating Net Income Attributable to Common Stockholders: Increased 156.9% to $42.5 million, compared to Q4 2016. Earnings per diluted share increased 81.8% to $0.20 per diluted share, compared to Q4 2016. Funds From Operations (“FFO”): As defined by the […]
News Release: ESI Arranges Sale of Illinois Seniors Housing Portfolio for $32.6M
Evans Senior Investments (ESI) successfully represented the sale of four assisted living and memory care facilities known as the Legacy Place Portfolio for approximately $32,632,000 ($163,000 price per unit). The portfolio consisted of four facilities encompassing 200 total seniors housing units (51 memory care units and 149 assisted living units). All four facilities were located […]
News Release: Seavest acquires medical office building on Littleton Adventist Hospital Campus
LITTLETON, Colo., and WHITE PLAINS, N.Y., Feb. 14, 2018 – Real estate investment firm Seavest Healthcare Properties LLC, in partnership with Denver-based Fleisher Smyth Brokaw LLC, has acquired the Lincoln Court Healthcare Building in Littleton. The fully leased medical office building (MOB) is located at 7889 S. Lincoln Court on the campus of the 231-bed acute care […]
Transactions: Wisconsin system buys 18 properties it was leasing
Welltower Inc. sells the portfolio for $433 million to Aurora Health Care Prior to the start of 2018, several members of the Editorial Advisory Board (EAB) of Healthcare Real Estate Insights predicted that the sector would see some transactions in which health systems would buy medical office buildings (MOBs) they are leasing from third-party owners. […]
