News Release: Sanders Capital Partners Completes $12.4 Million Surgical Dermatology Portfolio Acquisition
Birmingham-based Firm Completes Multiple Acquisitions in Alabama Birmingham, Ala., Sept. 12, 2022 – Sanders Capital Partners, LLC, a Birmingham-based real estate acquisition and development firm, has recently completed the purchase of the three dermatology medical practice buildings located in Vestavia Hills, Montgomery and Gadsden, Alabama, totaling $12.4 million. The collective 28,137 square-foot medical office and […]
News Release: Two Washington, D.C. area medical offices trade
JLL Capital Markets completed the sale of Shady Grove Professional Centers I and II in Rockville, MD BOSTON, September 13, 2022 – JLL Capital Markets announced today that it has closed the sale of Shady Grove Professional Centers I and II, two multi-tenant medical office buildings that total 103,249 square feet in Rockville, Maryland adjacent […]
News Release: Ventas Appoints Sumit Roy, CEO of Realty Income, to Board of Directors
Robert Reed to Retire from the Board at 2023 Annual Meeting CHICAGO, Sept. 12, 2022 (BUSINESS WIRE)–Ventas, Inc. (NYSE: VTR) today announced that Sumit Roy, President and Chief Executive Officer of Realty Income Corporation – a real estate investment trust (REIT) with a diversified portfolio of over 11,400 freestanding commercial properties across the United States, […]
News Release: Montecito Medical Acquires Another Medical Office Property in Chicago Area
September 08th 2022 Real Estate Montecito Medical has completed the acquisition of a large medical property in the Chicago suburb of Rosemont, Illinois. The building, which offers more than 97,500 square feet of space, is fully leased to ACL Laboratories, which is part of Advocate Aurora Health. “We are pleased to have acquired this outstanding […]
News Release: Kilroy Realty Increases Common Dividend 3.8%
September 08, 2022 04:04 PM Eastern Daylight Time LOS ANGELES–(BUSINESS WIRE)–Kilroy Realty Corporation (NYSE: KRC, “Kilroy”) announced today that its board of directors declared a regular quarterly cash dividend of $0.54 per common share payable on October 12, 2022 to stockholders of record on September 30, 2022. The dividend is equivalent to an annual rate […]
News Release: Nuveen Global Cities REIT Acquires Another $300 Million of Medical Office Properties, Surpassing $2.5 Billion in Total Gross Asset Value
Acquisition increases Nuveen Global Cities REIT Medical Office Portfolio to 1.2 million sq. ft. through a high-quality ten asset portfolio. NEW YORK, NY, September 8, 2022 — Nuveen Global Cities REIT, Inc. (“GCREIT”) recently closed on the acquisition of a 10-building healthcare portfolio located in the high growth markets of Atlanta, GA, Pittsburgh, PA, Tampa, […]
News Release: Prime Healthcare Services, Inc. completes the repurchase of hospitals and medical office buildings from Medical Properties Trust
Prime now owns all operations and the real estate for the majority of its hospitals ONTARIO, Calif., Sept. 8, 2022, (BUSINESS WIRE)–On September 1, 2022, Prime Healthcare Services, Inc. completed the repurchase of nine general acute care hospitals and two related medical office buildings from Medical Properties Trust, Inc. for approximately $360 million. Prime Healthcare […]
Life Sciences: $278M financing secured for Massachusetts life science development
JLL Capital Markets arranged the construction loan for the 334,000-square-foot Boynton Gateway project in Somerville, Massachusetts BOSTON, Sept. 8, 2022 – JLL Capital Markets announced today that it has arranged the $278 million construction financing for Boynton Gateway, a to-be-developed, nine-story, 334,000-square-foot life science facility in Somerville, Massachusetts. JLL represented the borrower, a joint venture […]
News Release: PRESCRIPTIVE CAPITAL, SABER STREET AND CBK INTERESTS ANNOUNCE MEDICAL OFFICE DEVELOPMENT IN THE WOODLANDS, TEXAS
Prescriptive Capital Seeking Further Expansion in the Healthcare Real Estate Sector DENVER, Colorado, September 7, 2022 – Prescriptive Capital, a Denver-based real estate private equity firm, and Houston-based healthcare developers Saber Street and CBK Interests have announced their plans to begin the initial development phase of a 45,000 square foot medical office building in The […]
News Release: Experience Senior Living community in Naples will meet need for housing in fast-growing city
Latest development from ESL planned to break ground in Naples, Fla. in Q4 2022 DENVER, Sept. 7, 2022 /PRNewswire/ — Experience Senior Living (ESL) is creating communities with purpose across the U.S. and will soon break ground on a new luxury community in Naples, Fla. located at 8480 Rattlesnake Hammock Road. The Gallery at Naples […]
News Release: Anchor Health Properties Earns 2022 Great Place to Work Certification™ For Second Consecutive Year
Charlottesville, VA, Sept. 7, 2022 — Anchor Health Properties (Anchor), a national full-service healthcare real estate development, management, and investment company focused exclusively on medical facilities, is proud to be a 2022 Certified™ Great Place to Work® organization. This prestigious award given by Great Place to Work®, the global authority on workplace culture, employee experience, […]
News Release: Medical Properties Trust Announces Successful Operator Transition at Watsonville Community Hospital and Sale of 11 Facilities to Prime Healthcare
Approximately $600 Million of Incremental Liquidity Expected, Inclusive of Proceeds from Anticipated Springstone Operating Loan Repayment Transactions Highlight Enduring Demand for Essential Hospital Real Estate BIRMINGHAM, Ala., Sept. 7, 2022 (BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that it has successfully re-leased its Watsonville Community Hospital in Watsonville, CA […]
News Release: MidCap Financial Closes First Mortgage Loan on a 223-unit Seniors Housing Community
BETHESDA, MD, September 7, 2022 – MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it recently closed a transaction with funds managed by affiliates of Fortress Investment Group LLC (“Fortress”). The $37,750,000 floating rate first mortgage loan facilitated the acquisition of a 223-unit (121 IL, 66 AL, 36 MC) […]
People & Companies: Catching up with CBRE’s Lee Asher
Leader of the firm’s healthcare and life sciences team remains bullish on MOB sales By John B. Mugford As 2022 comes to a conclusion during the next few months, there are some professionals involved in the healthcare real estate (HRE) sector who believe medical office building (MOB) sales will remain somewhat tepid when compared to […]
News Release: McWhirter Names Pamela J. McCabe as Vice President of Property Management Promotes Austin Purvis to Senior Property Manager
September 6, 2022 (Birmingham, AL, and Atlanta, GA)Today, McWhirter (www.mcwrealty.com), a leading commercial real estate services firm in the southeast, announces Pamela J. McCabe joins the Birmingham office as Vice President of Property Management. Additionally, Austin Purvis is promoted to Senior Property Manager. McCabe has served the Alabama commercial property management industry for more than […]
