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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: 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 […]
Feature Story: Revista reports $8.2B in first half sales
Rents and occupancies are up; second generation MOBs are performing well By John B. Mugford With inflation on the rise and the cost of constructing new medical facilities continuing to escalate, who are the current and – at least for the near-term future – winners in the healthcare real estate (HRE) sector? In many cases, […]
News Release: Montecito Medical Acquires Surgery Center Building in Lynchburg, VA
Company expands large and growing footprint in state FOR IMMEDIATE RELEASE July 25, 2022 Montecito Medical has completed the acquisition of a surgery center building in Lynchburg, Virginia. The Surgery Center of Lynchburg property, which offers approximately 31,600 square feet, is, 100% occupied under a long-term lease. “We are pleased to add an excellent surgery […]
News Release: MH Deschaumes Advises LaSalle on Acquisition of UMichigan Campus Adjacent MOB
Grand Rapids, Mich. — Maarten Deschaumes advised LaSalle Investment Management, a leading real estate investment management firm and independent subsidiary of Jones Lang LaSalle (NYSE: JLL), on the off-market acquisition of 1673 Gezon Parkway, Wyoming in the suburbs of Grand Rapids. The newly constructed property is 100% leased to two leading specialty healthcare providers in […]
News Release: Newmark Arranges $8.8 Million Sale of Medical Office Building in Peoria, Arizona
FOR IMMEDIATE RELEASE Phoenix, AZ (July 21, 2022) — Newmark announces it has completed the $8.8 million sale of the Plaza Town Center Professional Plaza, a 26,970-square-foot medical office building located at 9139 W Thunderbird Road in Peoria, Arizona. Newmark Managing Director Kathleen Morgan represented the seller, Garnett Capital, in the sale to Evergreen Medical Properties. […]
News Release: Sila Realty Trust, Inc. Completes Acquisition of TGH Rehabilitation Hospital for $51.2 Million
July 21, 2022 10:24 AM Eastern Daylight Time TAMPA, Fla.–(BUSINESS WIRE)–Sila Realty Trust, Inc. (the “Company”), a public, non-traded real estate investment trust focused on investing in high quality healthcare properties along the continuum of care, today announced the acquisition of an inpatient rehabilitation facility (the “TGH Rehabilitation Hospital” or “Tampa IRF”) located in Tampa, […]
News Release: Healthcare Realty Trust and Healthcare Trust of America Announce Closing of Merger
Press Release Company Release – 07/20/2022 Combination creates preeminent, pure-play medical office building REIT NASHVILLE, Tenn. and SCOTTSDALE, Ariz., July 20, 2022 (GLOBE NEWSWIRE) — Healthcare Realty Trust Incorporated (NYSE: HR) (“Healthcare Realty” or the “Company”) and Healthcare Trust of America, Inc. (NYSE: HTA) (“Healthcare Trust of America” or “HTA”) today announced the closing of […]
News Release: Merged Healthcare Realty Trust and Healthcare Trust of America to Be Included in the S&P MidCap 400 Index
July 19, 2022 17:37 ET | Source: Healthcare Realty Trust Incorporated NASHVILLE, Tenn., July 19, 2022 (GLOBE NEWSWIRE) — Healthcare Realty Trust Incorporated (NYSE: HR) (“Healthcare Realty” or the “Company”) announced the merged Healthcare Realty and Healthcare Trust of America, Inc. (NYSE: HTA) (“HTA”) will be included in the S&P MidCap 400 Index effective prior […]
Companies & People: Vitalis and partner Advenir finding a lively HRE market
HREI interviews founder Elliott LaBreche about his fast-growing investment/brokerage firm By John B. Mugford A new name sure seems to keep popping up in the medical office building (MOB) acquisitions market, both for making purchases itself and for brokering sales for other owners. The company is Miami-based Vitalis, which was launched just last year and […]
News Release: IRA Capital Acquires San Diego Medical Buildings Anchored by Scripps Health
July 15, 2022: Southern California private equity firm IRA Capital (“IRA”) is pleased to announce the acquisition of two medical office buildings totaling 21,000 square feet predominantly occupied by Scripps Health in Vista, California. Scripps Health is a $2.9 billion private, nonprofit, integrated health system in San Diego that is ranked among the top 15 […]
News Release: Easterly Government Properties completes acquisition of VA – Columbus, the seventh of 10 properties in the VA Portfolio
Washington, D.C. – July 18, 2022 – Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today that it has, through its joint venture (“JV”), completed the acquisition of the previously announced […]
News Release: MedCraft Investment Partners Acquires Two Physician Owned Buildings
FOR IMMEDIATE RELEASE Physicians spend less energy on real estate operations Minneapolis, Minn. – July 15, 2022 – MedCraft Investment Partners, a dedicated investment platform focused exclusively on healthcare real estate, acquired a 2-building parcel including the South Bend Orthopaedics MOB located at 53880 Carmichael Drive and the Allied Physicians Surgery Center located at 53990 […]
News Release: Westat to Sell Research Square for $25.5M
FOR IMMEDIATE RELEASE CBRE represented Westat in this life sciences conversion opportunity Washington, D.C.– July 12, 2022 – Westat, an employee-owned research company headquartered in Rockville, Maryland, completed the sale of Research Square for $25.5 million. The site represents a premier life sciences conversion opportunity located in Rockville, Maryland, the life sciences hub of the […]