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News Release: Just closed: Atrium Health Midtown | Charlotte, North Carolina
The JLL Healthcare Capital Markets Group is pleased to announce a successful equity raise for a joint venture between Pappas Properties and Welltower, a leading global provider of health care infrastructure, for the development and ownership of two Class A medical office buildings totaling 281,148 rentable square feet under development in Charlotte, North Carolina. The properties […]
News Release: Welltower Agrees To Purchase 55 Medical Buildings From CNL Healthcare Properties
NEWS PROVIDED BY Welltower Inc. Jan 02, 2019, 16:42 ET TOLEDO, Ohio and ORLANDO, Fla., Jan. 2, 2019 /PRNewswire/ — Welltower Inc. (NYSE: WELL) and CNL Healthcare Properties announced today that they have entered into a definitive agreement under which Welltower will acquire a Class A medical office and outpatient facilities portfolio comprised of 55 buildings from CNL Healthcare Properties for $1.25 […]
News Release: Omega Healthcare Investors to Acquire MedEquities Realty Trust
Anticipated annual FFO, AFFO and FAD accretion of approximately $0.05 per Omega share. Operator diversification will increase with 9 new operators. Property type diversification will increase non-skilled nursing assets modestly by $296 million, including $75 million invested in a hospital facility leased to a subsidiary of Baylor, Scott & White Health. Significant synergies expected. Omega […]
News Release: CBRE|Raleigh Announces the Sale of 4220 N Roxboro Street in Durham, NC
Raleigh, NC | December 27, 2018 CBRE|Raleigh is pleased to announce the sale of 4220 N Roxboro Street to CPI Medical Fund One, LLC.Ben Kilgore exclusively represented the sale on behalf of the seller, Matan Companies LLLP. 4220 N Roxboro Street is a 25,408 square foot medical investment property located less than one mile from Duke University Durham Regional Hospital. The […]
Transactions: Hammes Partners closes on sale of 23-MOB portfolio
Buyer is likely Welltower, which announced a similar, pending deal in October BROOKFIELD, Wis. — It looks as if the 2018 medical office building (MOB) sales market is going to close with two big portfolio transactions. Last week, Brookfield-based Hammes Partners completed the sale of a large MOB package that it put on the market in […]
December 2018
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Transactions: Chicago med space has new owner
MBRE Healthcare pays $16.8 million for 93,000 square feet in a unique deal By John B. Mugford In a unique partnership, three companies, including a well-known healthcare real estate (HRE) firm, have co-invested in the purchase of a 40-story, “Class A” building housing three district uses on Chicago’s Near North Side. The building at 150 and 160 E. Huron Street in the […]
Finalists: 2018 HRE Executive of the Year – Mark A. Davis
Mark A. Davis Davis, Minneapolis Considered the “foremost expert” on healthcare real estate in the Upper Midwest, Mr. Davis and his 30-year-old firm, Davis, has developed more than 20 MOBs with a total cost exceeding $250 million. During his career, Mr. Davis has leased, developed and/or acquired more than 7 million square feet of MOB […]
Outpatient Projects: Large MOB planned for Charlotte, N.C.
Pappas to develop 280,000 square foot facility next to Atrium Health campus By John B. Mugford As part of a $250 million mixed-use project slated for a site next to the massive Carolinas Medical Center campus in the midtown area of Charlotte, N.C., local firm Pappas Properties is planning to develop an outpatient medical building of about 280,000 square feet. The […]
News Release: Just Closed: DaVita, 11239 S Western Ave, (Inglewood Adjacent) Los Angeles, CA
The CBRE Los Angeles Retail Investment Properties team of Dan Riley and Austin Wolitarsky represented the greater Los Angeles based estate trustee Buyer in the all cash purchase of a newly developed DaVita, located at 11239 S. Western Ave. in the Inglewood adjacent area of Los Angeles, CA. The Completed Sale Details: Exclusively represented the […]
News Release: Just closed: Hammes Medical Office Portfolio
The JLL Healthcare Capital Markets Group is pleased to announce the sale of the Hammes Medical Office Portfolio, offered by Hammes Partners, a Milwaukee-based healthcare real estate private equity firm exclusively focused on healthcare real estate. The transaction is a 23-property, Class A medical office portfolio with 979,000 rentable square feet across 12 major metropolitan markets. […]
News Release: Statement regarding the close of CommonSpirit Health
MEDIA STATEMENT SAN FRANCISCO, CA – Dec. 21, 2018 – Dignity Health and Catholic Health Initiatives are moving the expected closing date for their new combined organization, CommonSpirit Health, from Dec. 31, 2018 to Jan. 31, 2019. Dignity Health released the following statement regarding the new closing date: Catholic Health Initiatives and Dignity Health have […]
News Release: CBRE: Outpatient Centers on the Rise as Average Asking Rent for U.S. Medical Office Buildings Reaches Record High
PRESS RELEASE Los Angeles – December 20, 2018 – The U.S. outpatient care center sector has grown robustly in recent years as asking rents for medical office buildings continue to rise and health systems seek to provide a better patient experience at a lower cost, according to a new report from CBRE. The U.S. average asking rent reached […]
News Release: Anchor Health Properties Marks a Key Milestone for The Center for Advanced Healthcare at Brownwood with a Topping Out Ceremony
FOR IMMEDIATE RELEASE December 21, 2018 (Charlottesville, VA) Leaders from The Villages®, The Villages Health, AHC+Hospitality, the local government, and the project team joined Anchor Health Properties to celebrate a topping out for a 410,000 square foot campus as the final beam is hoisted onto the building to signify that the structures have reached their […]