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Cover Story: A Bronx tale – with an HRE twist
Simone Development has a healthcare real estate portfolio topping 3 million s.f. and growing By John B. Mugford In the Greater Tri-State area centered on New York City, Bronx, N.Y.-based Simone Development Companies has become quite well known for building and owning a wide array of property types. The company is also well-known for – […]
Transactions: AW Property Co. buys three MOBs
Firm paid $54.56 million for the 162,000 s.f. portfolio with a cap rate of 6.6% By John B. Mugford North Palm Beach, Fla.-based AW Property Co. has acquired a three-MOB portfolio with 162,000 square feet of space in Jupiter, where two buildings are located, and Baco Raton for $54.56 million, or about $337 per square […]
News Release: Programmatic Joint Venture and Recapitalization Announced Between Woodside Health and Heitman
For Immediate Release: Cleveland, OH (November 4, 2024) Woodside Health and Heitman announce the recapitalization of a four-property, 315,000-square-foot medical outpatient portfolio, which is part of a $350m programmatic joint venture. This recapitalization will seed the second joint venture between the Cleveland, Ohio-based medical office building acquisition and management firm Woodside Health, LLC (“Woodside”) and […]
News Release: JLL completes recapitalization of $725M seniors housing portfolio
News release The 20-asset portfolio is in high-growth markets across the Sunbelt, Northeast and Midwest markets BOSTON, Nov. 4, 2024 – JLL’s Seniors Housing Capital Markets and M&A teams announced today that they have arranged the recapitalization of a $725 million, 20-asset seniors housing portfolio spanning the Sunbelt, Northeast and Midwest markets. Working on behalf […]
News Release: Marcus & Millichap Arranges Sale of St. Louis Heart and Vascular Building in Bridgeton (Mo.)
Press Releases November 04, 2024 BRIDGETON, Mo., Nov. 4, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 22,097-square-foot, single-tenant medical office in Bridgeton, Missouri. The property sold for $8,837,768. “This listing generated significant interest […]
News Release: Matthews™ Executes Sale of Chicago, Illinois Class A Condo
31 October Sale of 41,600-Square-Foot Medical Outpatient Facility in South Loop Chicago, IL – Senior Vice Presidents Rahul Chhajed and Michael Moreno of Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, sourced a buyer for the sale of an approximately 41,600-square-foot Class A condo leased to Rush University Medical […]
News Release: Sabra Reports Third Quarter 2024 Results; Updates 2024 Guidance
October 31, 2024 04:05 PM Eastern Daylight Time TUSTIN, Calif.–(BUSINESS WIRE)–Sabra Health Care REIT, Inc. (“Sabra,” the “Company” or “we”) (Nasdaq: SBRA) today announced its results of operations for the third quarter of 2024. THIRD QUARTER 2024 RESULTS AND RECENT EVENTS Results per diluted common share for the third quarter of 2024 were as follows: […]
News Release: MedProperties Realty Advisors Acquires Recently Completed On-Campus Medical Outpatient Building in Houston;
TX-based Investment Firm is Bullish on Healthcare Real Estate in 2025 DALLAS (October 30, 2024) MedProperties Realty Advisors, LLC continues to view the challenging capital market and general business conditions as an opportunity to acquire high-quality, best-in-class healthcare assets. Last month the firm acquired a 44,659-square-foot medical office building in Cypress (Houston), Texas on the […]
News Release: Sendero Capital and TPG Angelo Gordon Acquire 51 Performance Drive in Weymouth, MA in a Transaction Facilitated by CBRE
Press Release Sendero Capital and TPG Angelo Gordon Programmatic Joint Venture Acquires Medical Center on 3.58 Acres of Land for $17.725 Million from Intercontinental Real Estate Weymouth, MA – October 28, 2024 – In a transaction arranged by CBRE, a joint venture of Sendero Capital and TPG Angelo Gordon has acquired 51, Performance Drive in […]
Feature Story: Q3 MOB sales remained slow: $2.1 billion
But Revista says cap rates declined slightly and project completions were up By John B. Mugford It’s the news we’ve all been waiting for, but it appears we’ll need to wait a bit longer. Despite anecdotal observations from numerous medical outpatient building (MOB) sales professionals suggesting that activity is picking up, the third quarter (Q3) […]
News Release: Cushman & Wakefield Healthcare Capital Markets Represents OrthoNebraska in the Sale-leaseback of Omaha Specialty Hospital to Montecito Medical Real Estate
For Immediate Release CHICAGO, October 28, 2024—Cushman & Wakefield announced today that it represented OrthoNebraska in the sale-leaseback of its specialty orthopedic hospital at 2808 S. 143rd Plaza in Omaha, Nebraska. Cushman & Wakefield’s Healthcare Capital Markets group, comprised of Gino Lollio, Travis Ives, Sushil Puria, and Tyler Morss, along with TJ Twit of The […]
News Release: Skanska constructs new hospital in Fort Myers, Florida, USA, for USD 435M, about SEK 4.6 billion
Press release October 29, 2024 07:30 am CET Skanska has signed a contract with Lee Health for the construction of a new hospital and medical office building in Fort Myers, Florida, USA. The contract is worth USD 435M, about SEK 4.6 billion, which will be included in the US order bookings for the fourth quarter […]
News Release: Welltower Reports Third Quarter 2024 Results
News provided by Welltower Inc. Oct 28, 2024, 16:05 ET TOLEDO, Ohio, Oct. 28, 2024 /PRNewswire/ — Welltower Inc. (NYSE:WELL) today announced results for the quarter ended September 30, 2024. Recent Highlights Reported net income attributable to common stockholders of $0.73 per diluted share Reported quarterly normalized funds from operations attributable to common stockholders of $1.11 per diluted share, an increase of 20.7% […]
News Release: Flagship Healthcare Acquires Ambulatory Surgery Center in New Albany, OH
Property is home to Central Ohio Surgical Institute NEW ALBANY, OHIO — Flagship Healthcare Properties (Flagship), an outpatient healthcare real estate firm, is pleased to announce the acquisition of Central Ohio Surgical Institute, a Class A, fully-leased ambulatory surgery center (ASC) in New Albany, Ohio. The 14,416-square-foot property, located at 6520 W. Campus Oval, was […]
News Release: RBR Real Estate Solutions Lists 30,000 SqFt Medical Office For Sale
FOR IMMEDIATE RELEASE Executive Square is a prime investment opportunity at 66 Middlebush Rd in Wappinger Wappinger, New York (October 28, 2024) – Commercial broker, Rob Buyakowski of RBR Real Estate Solutions, announced the listing of Executive Square, a premier medical office building located at 66 Middlebush Road in Wappinger, New York, for sale at […]
