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News Release: Just Sold – 912 Third Street (Greensboro, NC)
December 17, 2020 CBRE Healthcare & Life Sciences Capital Markets Just Sold 912 Third Street Greensboro, NC Transaction Highlights Date Sold: 12/17/2020 Size: 27,599 Sf Occupancy: 100% 912 Third Street CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of 912 Third Street (the “Property”). Lee Asher, Chris Bodnar, Jordan […]
News Release: Recent Sale – West Michigan Medical Office Building
The CREG – U.S. Healthcare Investment Sales practice is pleased to announce the sale of the below West Michigan Medical Office Building. CREG acted as the Seller’s exclusive advisors in the sale of the 100% leased, Class ‘A’ multi-tenant MOB. Recent Closing Closing Date – December 2020 West Michigan Medical Office Building Location – Michigan […]
News Release: Just Sold – Loma Linda University Health Park Plaza Medical Office Building
Just Sold Loma Linda University Health Park Plaza Medical Office Building Redlands, CA Transaction Highlights Date Sold: 12/18/2020 Size: ±53,325 SF Occupancy: 100% Loma Linda University Health Park Plaza Medical Office Building CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of Loma Linda University Health – Park Plaza MOB […]
News Release: CBRE Announces Sale of Retail Building in Harbor City, Calif. to Kaiser Permanente for $9.4 Million
Los Angeles, CA | December 21, 2020 Los Angeles – CBRE announced the sale of a 16,723-square-foot retail building in Harbor City, Calif. to Kaiser Permanente for $9.4 million in an all-cash transaction. CBRE’s Jamie Brooks and Roy Gaut represented the seller, a private family office, in the transaction. Kaiser Permanente was represented by Jones […]
News Release: H2C Advises Franciscan Missionaries of Our Lady Health System on $182,000,000 Taxable Fixed-Rate Bonds
H2C CAPITAL MARKETS December 21, 2020 On Thursday, December 3, Franciscan Missionaries of Our Lady Health System, headquartered in Baton Rouge, LA. (A2/A/NR) (“FMOLHS” or the “System”), priced $182,000,000 in 30-year taxable, fixed-rate bonds (“Series 2019B Bonds”). The proceeds of the bonds were used to refund the Series 2012B, Series 2005D, and Series 2008A bonds; […]
News Release: Northern N.J. medical office building gets refinancing
JLL Capital Markets placed the loan on the Atkins Kent Medical Building, which is positioned directly across from the 597-bed Saint Barnabas Medical Center FLORHAM PARK, N.J., December 21, 2020 – JLL Capital Markets announced today that it has arranged refinancing for the Atkins Kent Medical Building, a 120,501-square-foot medical office building in West Orange, […]
Thought Leaders: Health System Financial Strength Fortifies Medical Office Acquisitions
JLL Healthcare Capital Markets Medical Office Perspectives December 2020 W(h)ither monetization? MOB buybacks by health systems consistently outpace monetization Key points: • Health systems are on track to buy $1 billion of their leased medical office buildings in 2020 between closed and announced transactions – a trend we’ve coined as “reverse monetization.” Despite the pandemic-related operating […]
Thought Leaders: The Pulse – Hospital Industry Outlook Upgraded To Stable
US For-Profit Hospital Industry Outlook Moved To Stable On Higher EBITDA As Patient Volumes Return To Pre-COVID Levels Commentary by: Todd Perman, CCIM, Vice Chairman The outlook for U.S. for-profit hospitals has been upgraded to stable by Moody’s, an encouraging sign for hospital recovery. Steadily growing patient volumes, the return of elective surgeries and government aid […]
News Release: Montecito Acquires Prime Medical Office/Surgery Center Asset near Wilmington, NC
FOR IMMEDIATE RELEASE December 17, 2020 Nashville, Tenn. — Montecito Medical Real Estate, a premier owner of medical office properties throughout the U.S., has completed the acquisition of the Leland-Brunswick Forest Medical Office Building in Leland, NC. The three-story, 55,590 square-foot facility, completed in 2020, is 100% leased to EmergeOrtho. In addition to medical office […]
News Release: Mission Accomplished – MOB & ASC in Las Vegas, NV
MISSION ACCOMPLISHED HREA healthcareREA.com LAS VEGAS NEVADA CLASS “A” Medical Office Building & Ambulatory Surgical Center BARIATRIC PORTFOLIO ANNOUNCEMENT The sale consisted of a Class ‘A’ Medical Office Building and state-of-the-art Ambulatory Surgical Center in Las Vegas, NV that is strategically located 3.5 miles from McCarran International Airport. The buildings are 100% leased to a […]
News Release: It’s a Done Deal – Rochester Regional Health (ADV)
Raymond James Raymond James Healthcare Finance It’s a done deal Raymond James serves as Financial Advisor to Rochester Regional Health on its $267 million tax-exempt and taxable revenue bonds The Series 2020 financing enabled Rochester Regional Health to transition to a consolidated credit borrowing structure, which enhances its position as an integrated health system and provides […]
News Release: Recent Sale – On Campus Imaging Center (Red Bluff, Calif.)
RECENT SALE SWETTENHAM ORTIZ HEALTHCARE TEAM COLLIERS INTERNATIONAL | SACRAMENTO December 16, 2020 On-campus Imaging Center sold in Northern California Swettenham Ortiz Healthcare Team brokers sale of 12,000 SF imaging center in Red Bluff The Swettenham Ortiz Healthcare Team is pleased to announce the closing of 2580 Sister Mary Columba Drive in Red Bluff, CA. […]
News Release: Astria Medical Portfolio Sells for $20M in Yakima, Washington
For Immediate Release Cushman & Wakefield’s Healthcare Capital Markets Team Advises $20 Million Sale of Medical Portfolio in Yakima, WA Hospital and neighboring medical office building sold through bankruptcy process YAKIMA, Wash., December 16, 2020 – Cushman & Wakefield today announced the firm has advised the sale of the medical campus formerly known as Astria […]
News Release: Davis launches MOB investment fund with eight acquisitions in transactions totaling $194 million
The acquired properties in Tennessee, Minnesota, Ohio and Connecticut total 309,735 square feet and are 99 percent leased MINNEAPOLIS, Dec. 16, 2020 – Minneapolis-based Davis has kicked off its new medical real estate investment fund with a series of thirteen transactions totaling 536,362 square feet and $194 million in value. Davis Medical Investors, LLC closed […]
Companies: Davis launches investment fund
New MOB fund starts with eight properties, expects to invest $125M in 2021 By John B. Mugford From somewhat humble beginnings back in the late 1980s, Minneapolis-based Davis became, over time, the most prominent and well-known healthcare real estate (HRE) developer, owner and property manager in the Greater Twin Cities of Minneapolis and St. Paul. […]