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News Release: Fairfield Advisors announces sale of Cleveland Clinic Outpatient Center in Massillon, OH.
– $23,250,000 Transaction – (Denver, CO.) – Fairfield Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the sale of the Cleveland Clinic Outpatient Center located at 7337 NW Caritas Circle in Massillon, OH. The Medical Office Building is 54,600 square feet and was built in 2011. The anchor tenant is […]
News Release: Dwight Capital & Dwight Mortgage Trust Close Q2 2022 with $297.6MM in Seniors & Healthcare Financings
July 12, 2022 10:01 AM Eastern Daylight Time NEW YORK–(BUSINESS WIRE)–Dwight Capital and its mortgage REIT affiliate, Dwight Mortgage Trust, financed $297.6MM in seniors and healthcare financings during Q2 2022. Featured among the transactions are bridge loans for Daughters of Miriam Center, Riverfront Rehabilitation and Healthcare Center, and an 8-property Skilled Nursing Facility (“SNF”) portfolio […]
News Release: Montecito Medical Acquires Medical Office Building in Fayetteville, AR
Company expands footprint in fast-growing area FOR IMMEDIATE RELEASE July 12, 2022 Montecito Medical has completed the acquisition of a medical office building in Fayetteville, Arkansas, that is tenanted by a regionally dominant specialty provider. The two-story building, which offers just over 19,000 square feet of space, is fully occupied under a new, long-term lease […]
News Release: Sixth Street and Market Street Healthcare Properties Launch New Medical Office Investment Platform
Institutional Platform with Flexible Capital to Focus on Medical Office Real Estate Opportunities Across the U.S. NEWPORT BEACH and SAN FRANCISCO – July 12, 2022 – Market Street Healthcare Properties (“MSHP”), a national developer and investor in healthcare properties, today announced the formation of a new institutional scale platform in partnership with Sixth Street, a […]
Thought Leaders: Impact of COVID-19 leads healthcare organizations to consider leasing vs. owning
FOR IMMEDIATE RELEASE MINNEAPOLIS, Minn. (July 11, 2022) – In a survey of healthcare professionals on their real estate priorities conducted by Ryan Companies US, Inc., an astounding 70% of respondents indicated they are considering leasing instead of owning in the future. As COVID-19 continues to make an impact on healthcare, leasing provides more flexibility […]
Life Sciences: Growth in Cell & Gene Therapy predicts a wave of demand for biomanufacturing space
The complexities of the emerging sub-asset class are creating both challenges and opportunities for growing companies looking for speed to market CHICAGO, July 11, 2022 – As life sciences employment grows in both major and emerging life sciences markets, advancements in innovation are accelerating across the United States. Yet real estate development occurs on a […]
News Release: Dwight Capital and Dwight Mortgage Trust Finance $377MM in June 2022
July 11, 2022 10:06 AM Eastern Daylight Time NEW YORK–(BUSINESS WIRE)–Dwight Capital and its mortgage REIT affiliate, Dwight Mortgage Trust, closed $377MM of loans in the month of June. Featured among those transactions are HUD 223(f) loans for Country Club Lakes Apartments and Winchester Place Apartments, and a bridge acquisition loan for Beachside Center for […]
News Release: Anchor Health Properties Completes Off Market Acquisition of Nearly 100,000 Square Foot On-Campus MOB in Greater Atlanta MSA
FOR IMMEDIATE RELEASE July 11, 2022 (Atlanta, GA) Expanding further the company’s existing 16 asset, 700,000 square foot owned and managed portfolio across Georgia, Anchor Health Properties (Anchor), a national, full service healthcare real estate development, management, and investment company focused exclusively on healthcare facilities, recently closed on a three story, 90,379 square foot outpatient […]
Companies & People: Big Sky is on track to make $1B of acquisitions in 2022
Firm led by Jason L. Signor made its latest purchase in Florida: two MOBs for $48 million DALLAS – News of acquisitions of medical office buildings (MOBs), and now life sciences facilities, keeps coming from Dallas-based Big Sky Medical Real Estate, the healthcare real estate (HRE) investment management firm formed last year by well-known industry […]
For Sale: Medical Office Portfolio Concentrated in the Atlanta MSA
GEORGIA OUTPATIENT MOB PORTFOLIO SIX OUTPATIENT MEDICAL OFFICE BUILDINGS LOCATED IN GEORGIA CBRE Offering Price: Best Offer Buildings: 6 Total Size: 82,745 RSF Percent Leased: 95% Investment Grade Tenants: Department of Veterans’ Affairs Piedmont Healthcare In-Place NOI: $1,922,691 Portfolio Website Confidentiality Agreement The Offering CBRE’s U.S. Healthcare Capital Markets is pleased to exclusively offer the […]
News Release: CareTrust REIT Announces Changes to the Board of Directors
July 01, 2022 09:02 AM Eastern Daylight Time SAN CLEMENTE, Calif.–(BUSINESS WIRE)–The Board of Directors of CareTrust REIT, Inc. (NYSE:CTRE) today announced the resignation of Greg Stapley as Executive Chair of the Company’s Board of Directors. The Board also announced that Lead Independent Director Diana Laing was appointed to replace Mr. Stapley as Chair of […]
Thought Leaders: JLL Outpatient Fit Out Guide estimates 33% increase in outpatient medical renovation costs in last five years
JLL Healthcare Capital Markets Healthcare Perspectives June 2022 JLL provides outpatient buildout cost data to support the high growth of outpatient facilities and services 2022 national average per-square-foot cost to renovate an outpatient facility Source: JLL Research Key points: • With the continued migration of healthcare services to outpatient settings, JLL research, in its newly-released […]
News Release: Doheny Eye Institute Celebrates New Headquarters in Pasadena
Los Angeles (June 30, 2022) – Doheny Eye Institute, a top-ranked nonprofit organization proudly affiliated with UCLA Stein Eye Institute and dedicated to furthering the conservation, improvement, and restoration of human eyesight since 1947, was pleased to have hosted the grand opening of its new headquarters in Pasadena on June 23, 2022. The event welcomed […]
News Release: Assisted living community near San Francisco trades for $39.2M
JLL Capital Markets led the sales efforts for Cortona Park on behalf of Northwestern Mutual SAN FRANCISCO, June 29, 2022 – JLL Capital Markets announced today that it has closed the $39.2 million sale of Cortona Park, an assisted living community in Brentwood, California. JLL represented the seller, Northwestern Mutual, in the sale of the […]
News Release: Davis, Allina and MNGI break ground for Lakeville Specialty Center in Lakeville, Minn.
News Release The 100,500-square-foot, 100 percent leased medical complex, expected to be completed in fall 2023, will expand healthcare options for southern Minnesota residents The 100,500-square-foot Lakeville Specialty Center in Lakeville, Minn., is already 100 percent pre-leased. MINNEAPOLIS and LAKEVILLE, Minn., June 29, 2022 – Minneapolis-based developer Davis, MNGI Digestive Health and Allina Health, one […]