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Feature Story: MOBs proving ‘resilient’ once again
But senior housing is struggling. That and more from 2020 REITweek event. By Murray W. Wolf and John B. Mugford The annual three-day REITweek conference is the single most important event of the year for securities analysts and others who follow real estate investment trusts. The analysts, along with institutional investors and representatives from sponsoring […]
News Release: Cornerstone Companies, Inc. to develop 40,000 SF MOB in Carmel, Indiana
INDIANAPOLIS – Cornerstone Companies, Inc. (Cornerstone) recently closed on a three-acre parcel of land at 12174 North Meridian Street in Carmel, Indiana. Cornerstone plans to develop a three-story, 40,000-square-foot medical office building at the site, which sits along Carmel’s bustling medical corridor. The project, known as Carmel Medical Arts Pavilion, will include four healthcare tenants. […]
News Release: Just Closed – Humana Primary Care Center
CBRE Healthcare Capital Markets | Healthcare and Life Sciences JUST CLOSED HUMANA PRIMARY CARE CENTER Denver, CO Sale Date: 6/1/2020 Property Size: 6,650 SF Sale Price: $4.48M Price Per SF: $674 Occupancy: 100% CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of the Humana Primary Care Center (the “Property”), […]
News Release: Stan Johnson Company Arranges Sale of Magan Medical Clinic in Covina, California for $39.9 Million
June 8, 2020 Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a 62,969-square-foot single-tenant medical clinic located at 420 West Rowland Street in Covina, California. The facility was purchased by IRA Capital, LLC based in Irvine, California, for $39.9 million. The seller, Genesis KC Development, […]
News Release: The Sanders Trust announces completion of expansion project at Tulsa, Oklahoma rehabilitation hospital
Birmingham, Ala., June 8, 2020 – The Sanders Trust, one of the nation’s leading healthcare real estate investment companies, announces the completion of an expansion project at PAM (Post Acute Medical) Rehabilitation Hospital in Tulsa, Oklahoma, which the firm acquired in July 2018. Built in 2017, PAM Rehabilitation Hospital of Tulsa originally provided 40 private patient rooms. The 8,100 SF addition has added another 13 beds, […]
News Releases: H2C Advises Tower Health on $455.3 Million Bond Financing
FOR IMMEDIATE RELEASE NEW YORK — June 4, 2020 — Hammond Hanlon Camp LLC (“H2C”), a healthcare-focused strategic advisory and investment banking firm, through its wholly owned subsidiary, H2C Securities Inc. (“H2C”), served as the exclusive financial advisor to Tower Health (“Tower”) in the issuance of $455.3 million in bonds. The transaction consisted of $44.7 million […]
Feature Story: Alternative assets are looking good
NKF webcast discusses why MOBs and other alternatives should perform well By John B. Mugford Although the capital markets for commercial real estate have “experienced extreme volatility” during the COVID-19 pandemic, a team with New York-based Newmark Knight Frank (NKF) believes acquisitions of “alternative assets,” including medical office buildings (MOBs), are poised to make a […]
Companies & People: Pandemic not stopping IRA Capital
Principal Amer F. Kasm discusses the firm’s activities, prospects in our ‘5 Questions’ format By John B. Mugford Private equity firm IRA Capital, which is based in Irvine, Calif., continues to be one of the most active medical office building (MOB) investors during the COVID-19 pandemic The firm, which has a heavy focus on MOBs […]
News Release: USAA selects Transwestern to exclusively lease 6262 Sunset Drive office tower in Miami
96,779 SF Property to be Rebranded and Repositioned as Medical Office Space (June 2, 2020 – Miami) – Transwestern Real Estate Services (TRS) announces its South Florida Agency Leasing team has been selected to exclusively lease 6262 Sunset Drive in Miami, a 96,779-square-foot, eight-story office building at the epicenter of South Miami’s healthcare hub. Transwestern […]
News Release: Healthcare Trust of America, Inc. Provides Update On Q2 2020 Performance To Date
Company Release – 6/01/2020 8:30 AM ET SCOTTSDALE, Ariz., June 1, 2020 /PRNewswire/ — Healthcare Trust of America, Inc. (NYSE: HTA) (“HTA”) provided an interim update on its business operations through May 31, 2020. HTA Portfolio Composition Our tenants primarily consist of health systems, universities, physicians, and healthcare service providers, such as imaging companies, surgery center […]
News Release: Capital Square 1031 Fully Subscribes DST Offering of Texas Medical Portfolio
FOR IMMEDIATE RELEASE SAN ANTONIO (June 2, 2020) – Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings, announced today that CS1031 MOB TX V, DST has been fully subscribed. This Regulation D private placement is comprised of two newly constructed medical buildings located in the San Antonio and the Austin, Texas […]
News Release: Welltower Issues Business Update
6/1/2020 8:39:00 PM EDT TOLEDO, Ohio, June 1, 2020 /PRNewswire/ — Welltower® Inc. (NYSE: WELL) has issued the following business update which can be found at: https://welltower.com/june-business-update About Welltower Welltower Inc. (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing operators, post-acute providers and health systems to fund the […]
News Release: Physicians Realty Trust Provides Supplemental Update Pertaining to May Rent Collections
PRESS RELEASE Company Release – 6/1/2020 4:24 PM ET Reports May Rent Collection of 93.3%, Quarter-to-Date Collections of 95.1% MILWAUKEE–(BUSINESS WIRE)– Physicians Realty Trust (NYSE:DOC) (the “Company”) has provided a Supplemental Update pertaining to the status of May rent collections, which can be found on the Company’s homepage and within the Investor Relations portion of the Company’s website […]
News Release: Anchor Health Properties Announces Opening of Capital Health – Bordentown (N.J.)
FOR IMMEDIATE RELEASE June 1, 2020 (Media, PA) Anchor Health Properties (Anchor), a national full service healthcare real estate development, management, and investment company focused exclusively on medical facilities, is pleased to announce the opening of Capital Health – Bordentown (N.J.) to patients, visitors and the community. The new 78,000 square foot, 3-story facility serves as […]
News Release: Avison Young Arranges Sale of Medical Office Building During Pandemic
News Release For Immediate Release [Monday, June 1, 2020] WASHINGTON DC – Avison Young announced today that it has arranged the sale of a medical office building located at 8301 Arlington Boulevard in the Merrifield submarket of Fairfax, Virginia within Fairfax County. The commercial property is home to a variety of medical practice specialties including […]