News Release: MedCraft Investment Partners is Expanding Their Team
Minneapolis, Minn. – July 28, 2022 – MedCraft Investment Partners, a dedicated investment platform focused exclusively on healthcare real estate, is excited to welcome new team members Alice Schweiger and Ivy Shuman. “We are fortunate to have Alice and Ivy join our team. They share the core MedCraft values of hard work, having fun, creative […]
News Release: $165M refinancing arranged for San Diego life sciences campus
JLL Capital Markets led financing efforts for Genesis Science Center, a four-building life sciences campus in the Sorrento Mesa submarket SAN DIEGO – July 29, 2022 – JLL Capital Markets announced today that it has arranged a $165 million refinancing for Genesis Science Center, a four-building, life sciences R&D campus totaling 252,000 square feet in […]
News Release: LTC Reports 2022 Second Quarter Results and Discusses Recent Activities
LTC Reports 2022 Second Quarter Results and Discusses Recent Activities WESTLAKE VILLAGE, Calif., July 28, 2022—(BUSINESS WIRE)–LTC Properties, Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust that primarily invests in seniors housing and health care properties, today announced operating results for the second quarter ended June 30, 2022. Three Months Ended […]
News Release: Appelt Properties Announces the Acquisition of a Healthcare Real Estate Portfolio Located in Ontario and Alberta
TORONTO, July 28, 2022 /CNW/ – Appelt Properties Inc., an industry-leading, owner and operator of healthcare real estate across Canada, announced today the closing of a $94.3 million, nine building healthcare portfolio of properties located in Ontario and Alberta. The portfolio was acquired in partnership with Centurion Asset Management Inc. and includes seven Ontario properties, comprising […]
News Release: Abbott Laboratories Life Science Campus in Minneapolis trades hands
JLL Capital Markets and CBRE facilitated the sale of the 280,289 SF portfolio to Virtus Real Estate Capital MINNEAPOLIS – July 28, 2022 – JLL Capital Markets, working alongside CBRE, has announced today that it has closed the sale of Abbott Laboratories Life Science Campus, a four building, 280,289-square-foot life science portfolio in Minneapolis, Minnesota. […]
News Release: H2C Secures Capital for Behavioral Health Facility Redevelopment
NEW YORK, July 28, 2022 — H2C Securities Inc. (“H2C”), a healthcare-focused strategic advisory firm, served as the exclusive advisor to AM Behavioral Health, LLC, a joint venture between the principals of Meridian Senior Living, LLC and Midwest Behavioral Management, LLC (“Sponsorship”), to secure equity and debt for the conversion of a senior living community […]
News Release: Newmark Arranges $200 Million Shariah-Compliant Medical Office Portfolio Financing for Joint Venture Between Big Sky and Bahrain-Based GFH
July 28, 2022 9:00 AM — Newmark announces it has arranged $200 million of Shariah-compliant financing for a medical office building portfolio on behalf of a joint venture between Dallas, Texas-based Big Sky Medical (“Big Sky”) and GFH, a leading institutional investor based in Bahrain with a global portfolio of investments. Earlier this year, Newmark […]
News Release: Aviridi Names Real Estate Veteran Jeffrey Rutishauser as Strategic Advisor, Expands Footprint of Philadelphia Life Sciences Corridor
Former CEO of Amstar Global and co-head of AIG/Lincoln has overseen more than 13 million square feet and $10 billion of commercial development PHILADELPHIA, July 28, 2022 (GLOBE NEWSWIRE) — Philadelphia’s life science corridor is one of the top 10 life sciences research talent clusters in the United States, according to a report from CBRE, […]
News Release: Diversified Healthcare Trust Expands its Portfolio of Life Science Properties In the San Francisco Bay Area Market with $82 Million Acquisition
NEWTON, Mass., July 28, 2022–(BUSINESS WIRE)–Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has acquired 47071 Bayside Parkway located in Fremont, CA for $82 million, excluding closing costs, reflecting a current GAAP cap rate of 6.5% at closing. The recently renovated asset includes 89,000 rentable square feet of lab and corporate headquarters space that […]
News Release: Velocis Acquires 90k SF of Rockville Office Space in JV with Altus Realty; Plans Life Science/Lab Space Conversion
Two-Building Research Square located in the desirable Shady Grove biotech cluster ROCKVILLE, MD. – (July 27, 2022) – Velocis, a Dallas, Texas-based private equity real estate manager, acquired the two-building Research Square at 1500 & 1550 Research Blvd. in the Shady Grove submarket of Rockville, Md., in a joint venture with Arlington, Va.-based Altus Realty. […]
Industry Pulse: The interesting backstory of the HR-HTA merger
Former HTA CEO Scott Peters helped to start a golf course investment firm in the late 1990s The combining of Nashville, Tenn.-based Healthcare Realty Trust Inc. (NYSE: HR) and Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) is now complete, with the formation of a newly formed REIT operating under the Healthcare Realty Trust […]
News Release: OrbVest Acquires 40th Street Medical Office Plaza In Phoenix, Arizona
OrbVest closed the purchase of the 41,703 square-foot office property for $8,810,711 in one of the fastest-growing metropolitan areas in the U.S. NEW YORK (PRWEB) JULY 27, 2022 — OrbVest (ORB), a global real estate company investing in income-producing medical commercial real estate in the United States, today announced they have recently closed on their purchase […]
News Release: MedProperties Realty Advisors-Principal joint venture acquires Austin, Texas, MOB with ASC
FOR IMMEDIATE RELEASE The 41,997-square-foot Medical Towers at Bee Cave II has a hospital-affiliated anchor tenant and is located in one of the most desirable, growing investment markets in the country AUSTIN and DALLAS, Texas, July 27, 2022 – MedProperties Realty Advisors and Principal Real Estate Investors have formed a joint venture (JV) and acquired […]
News Release: PMB & SCL Health Medical Group Break Ground on a 63,000 SF Medical Office Building in Billings, Mont.
FOR IMMEDIATE RELEASE This development’s new 24,000 SF clinic space will offer a new primary care, retail pharmacy and walk-in clinic that will provide expanded health services to an area of Billings that is experiencing significant growth. BILLINGS, MONT., July 26, 2022 – PMB along with SCL Health Medical Group, now Intermountain Healthcare, will officially […]
News Release: CBRE to Broker Lease New Life Science Conversion in Newark, Calif. and Expand San Francisco Bay Area Life Sciences Hub
City of Newark grants permits to Buchanan Street Partners for $12 million renovation San Jose, Calif. – July 26, 2022 – CBRE announced it will be leasing the Newark Science Center, a new life science conversion of a two-story, R&D facility. The 50,000 sq. ft. state-of-the-art life science/lab facility is located in Newark, Calif and […]