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News Release: Montecito Medical Acquires Medical Office Building in Lynchburg, Virginia

News Release: Montecito Medical Acquires Medical Office Building in Lynchburg, Virginia

Montecito Medical Maintains Steady Pace with Acquisition from Leading ENT Group FOR IMMEDIATE RELEASE July 27th, 2020 NASHVILLE, Tenn. – Montecito Medical Real Estate, a premier owner of medical office properties throughout the U.S., has completed the acquisition of a prime medical property in Lynchburg, VA. The 16,942 square-foot facility, which is 100% leased to Blue Ridge […]

News Release: Welltower Announces Addition of Diana Reid to Board of Directors

News Release: Welltower Announces Addition of Diana Reid to Board of Directors

NEWS PROVIDED BY Welltower Inc.  Jul 27, 2020, 08:27 ET TOLEDO, Ohio, July 27, 2020 /PRNewswire/ — Welltower Inc. (NYSE: WELL) announced today the appointment of Diana Reid to its Board of Directors. With over 38 years of experience within the financial services industry, Ms. Reid joins Welltower’s Board following 12 years (2007-2019) at PNC Financial Services most recently serving as Executive […]

News Release: Capital Square 1031 Fully Subscribes All-Cash DST Offering of a Triple Net Leased Medical Facility in Augusta, Georgia

News Release: Capital Square 1031 Fully Subscribes All-Cash DST Offering of a Triple Net Leased Medical Facility in Augusta, Georgia

FOR IMMEDIATE RELEASE Augusta, Ga. (July 27, 2020) – Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for Section 1031 exchange and other accredited investors, announced today that CS1031 Augusta MOB, DST, a Regulation D private placement, has been fully subscribed. The offering is comprised of a 30,548-square-foot orthopedic clinic in […]

July/August 2020

July/August 2020

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July/August 2020 PDF

July/August 2020 PDF

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News Release: CityPlace Medical II & III Now Open!

News Release: CityPlace Medical II & III Now Open!

Davis is pleased to announce that CityPlace II and CityPlace III are now open! CityPlace II is a 42,000 sq. ft. Class A multi-tenant medical building designed by Synergy Architecture Studio. The entire first floor is home to Shriners Children’s, a well-known nonprofit organization that provides specialized pediatric orthopaedic services. Their new space features “high-tech” and “high-touch” – […]

News Release: Montecito Medical Real Estate Adds Prindle to Rapidly Growing Corporate Team

News Release: Montecito Medical Real Estate Adds Prindle to Rapidly Growing Corporate Team

July 23rd 2020 News NASHVILLE, Tenn. – Montecito Medical, one of the nation’s top privately held acquirers of medical office real estate, continues to expand its team to keep pace with its acquisition velocity with the recent addition of Kaitie Prindle as Corporate Accountant. Prindle is responsible for all phases of general ledger corporate accounting for […]

News Release: IRA Capital Expands Medical Office Portfolio with Florida and Ohio Acquisitions

News Release: IRA Capital Expands Medical Office Portfolio with Florida and Ohio Acquisitions

July 22nd, 2020 – Southern California private equity firm IRA Capital (“IRA”) is pleased to announce the acquisition of two recently constructed medical office buildings in Jacksonville, Florida and Cincinnati, Ohio. The Jacksonville property is a built-to-suit surgery center 100% occupied by First Coast Orthopedic Center, a partnership between the physicians from Southeast Orthopedic Specialists, […]

News Release: Flagship Healthcare Properties Names Blake Martin Senior Vice President Of Strategic Relationships

News Release: Flagship Healthcare Properties Names Blake Martin Senior Vice President Of Strategic Relationships

CHARLOTTE, NC (July 22, 2020) – Flagship Healthcare Properties (Flagship) is pleased to announce that Blake Martin has joined the firm as senior vice president of strategic relationships, effective July 20, 2020. Blake will oversee, coordinate and manage the sourcing of new ground-up development and other revenue-generating opportunities for Flagship consistent with the company’s objectives and mandate, with […]

News Release: Seavest acquires Martin Luther King Jr. Community Hospital MOB in Los Angeles

News Release: Seavest acquires Martin Luther King Jr. Community Hospital MOB in Los Angeles

FOR IMMEDIATE RELEASE The 52,000 square foot medical office building is 100% leased and strategically located to serve as the gateway to the new $1 billion-plus Martin Luther King Jr. Medical Campus LOS ANGELES and WHITE PLAINS, N.Y., July 22, 2020 – Seavest Healthcare Properties LLC has acquired the newly built 52,000 square foot Martin […]

Transactions: Seavest acquires MOB in ‘revitalized’ area of Los Angeles

Transactions: Seavest acquires MOB in ‘revitalized’ area of Los Angeles

Investment firm pays $43.25M for the first MOB on the MLK Community Hospital campus By John B. Mugford On one hand, officers with long-time investment management firm Seavest Healthcare Properties certainly feel a sense of pride that the company now owns a medical office building (MOB) in a once-struggling area of Los Angeles that has […]

News Release: Single-tenant on-campus medical office building in Lubbock sells

News Release: Single-tenant on-campus medical office building in Lubbock sells

JLL closed the sale of the building that is triple net leased to a health system LOS ANGELES, July 22, 2020 – JLL Capital Markets announced today that it has closed the sale of 3601 21st St., a 20,880-square-foot, single-tenant, net-lease medical office property in Lubbock, Texas. JLL represented the seller, a joint venture between […]

Architect rendering of The Portland Clinic's West End Medical Center at 12th & Taylor.

News Release: Rendina Announces New 140,000 SF Medical Office Building in Downtown Portland, Ore.

Downtown Portland’s First New MOB Development in 50 Years NEWS PROVIDED BY Rendina Healthcare Real Estate  Jul 20, 2020, 10:00 ET PORTLAND, Ore., July 20, 2020 /PRNewswire/ — The first new medical office building development project in downtown Portland in 50 years is coming soon to the rapidly growing West End. The West End Medical Center at 12th & Taylor is designed to […]

News Release: Capital Square 1031 Crosses $2 Billion Threshold in Transaction Volume with Launch of Medical Portfolio DST Offering

News Release: Capital Square 1031 Crosses $2 Billion Threshold in Transaction Volume with Launch of Medical Portfolio DST Offering

FOR IMMEDIATE RELEASE Memphis, Tenn. (July 20, 2020) – Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for 1031 exchange and other accredited investors, announced today that the firm has completed more than $2 billion in transaction volume with the launch of CS1031 SE MOB Portfolio, DST. The Regulation D private […]

News Release: Flagship Healthcare Properties Announces Tripp Tate As Partner

News Release: Flagship Healthcare Properties Announces Tripp Tate As Partner

Charlotte, N.C. (July 16, 2020) — Flagship Healthcare Properties (Flagship), an outpatient healthcare real estate firm, is pleased to announce Tripp Tate as its newest partner. Tripp has been with Flagship since 2008, serving as chief accounting officer and executive vice president of accounting, and has been a key contributor to Flagship’s success. “In the dozen years since […]