admin
July 2018
Please click on one of the options below to access the current edition of Healthcare Real Estate Insights™ in your preferred format (paid subscription required): PDF (“snapshot” of entire publication) Website (individual articles) 2018 Archives 2017 Archives 2016 Archives 2015 Archives 2014 Archives 2013 Archives
Transactions: Biggest single-asset MOB deal?
Unit of German bank pays $332.5M for Manhattan MOB leased by NYU Langone By John B. Mugford In what looks to be the largest investment ever made for a single medical office building (MOB) – at least to date – the real estate arm of a German bank closed in late May on the acquisition […]
Hot Property: Another large, quality MOB portfolio
Sources say that CNL Healthcare Properties is considering a sale of its 54 MOBs Name: CNL MOB Portfolio Number of buildings: 54 Square feet: 3.26 million Locations: 17 states Seller: CNL Healthcare Properties Investment in the MOBs: $931.4 million Last year, we at Healthcare Real Estate Insights™ – and others – declared 2017 to be […]
Entries now open for sixth annual HREI Insights Awards
Healthcare Real Estate Insights™ magazine announces that entries are now open for the Sixth Annual HREI Insights Awards, recognizing excellence in healthcare real estate. Entries are due Monday, Oct. 1, 2018. About the HREI Insights Awards™ The HREI Insights Awards™ were established by Healthcare Real Estate Insights™ magazine in 2013 to recognize excellence in healthcare real […]
Thought Leaders: Rapidly evolving health care system drawing more investors to medical office buildings
New Avison Young report details changes in health care that are creating opportunities for investors WASHINGTON, DC – Changes in the health care system – despite bringing many unsettling challenges – are spurring even more investment in medical office buildings, says Avison Young Principal Jim Kornick. The nation’s aging population is creating increased demand while […]
News Release: NexCore Breaks Ground for CHI Health St. Francis Cancer Treatment Center
The on-campus, one-story, 40,380 square foot cancer treatment center in Grand Island, Neb., broke ground July 12, and is set to open its doors September 2019 Top: NexCore Group has begun development of the new 40,380 square foot CHI St. Francis Cancer Treatment Center in Grand Island, Neb. Bottom: Ground was broken July 12 […]
Industry Pulse: HTA outlines why it remains bullish on MOBs
Demographics, continued shift to outpatient care, to benefit the company In its latest investor presentation – released last week – Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) provides information as to why it, as the largest owner of medical office buildings (MOBs) in the country, remains so bullish on the property type. The investor […]
News Release: Advocate Aurora Health, Foxconn Announce Comprehensive Health Collaboration
Agreement Aims to Enhance Quality, Care Delivery and Access While Lowering Cost July 12, 2018 Racine County, WI — Advocate Aurora Health and Foxconn Health Technology Business Group announced today a multi-faceted collaboration focused on technology innovations and integration that will drive health care of the future and improve outcomes while lowering costs for individuals and […]
Thought Leaders: HFF Quarterly Market Perspective
M&A AND STRATEGIC TRANSACTIONS Healthcare REITs Pursuing Strategic Initiatives ▪Board of Directors of CNL Healthcare Properties, ~$3.5 billion MOB and SNH focused REIT, formed a special committee and retained HFF Securities as well as KeyBanc to pursue strategic alternatives, including (i) disposition of the assets and (ii) business combination with a third party, among others […]
Industry Pulse: Is your HRE business ready to move beyond the boomers?
Millennials are projected to become the largest U.S. population group next year Anyone who has been involved in the healthcare real estate (HRE) business for even a short time understands that one of the primary factors that makes the sector attractive is demographics, specifically the aging of the baby boom generation. That has certainly […]
News Release: The Hampshire Companies Breaks Ground on New Medical Office Building at Mountainside Medical Center in Glen Ridge
Project will bring 45,375 square feet of state-of-the-art medical office space to Glen Ridge and Montclair in 1Q 2020 Glen Ridge and Montclair, N.J. (July 10, 2018) – A groundbreaking ceremony was held today for a three-story, 45,735-square-foot state-of-the-art medical office building at the former School of Nursing site across from Hackensack Meridian Health Mountainside Medical […]
News Release: Cypress West Adds to AZ Portfolio
Cypress West Partners Acquires 50,040-SquareFoot Phoenix Medical Office Building Rancho Santa Margarita, CA (July 10, 2018) — Cypress West Partners, a Southern California-based healthcare investment, leasing and property management firm, has acquired a class A medical office building in Phoenix in a joint venture with MedProperties Holdings LLC, a national, healthcare-focused real estate private equity firm […]
News Release: Just Sold: BayCare Urgent Care – St. Petersburg
Just Sold: We are pleased to announce the sale of this BayCare Urgent Care located at 2331 4th Street North in St. Petersburg, FL. Headed by LJ Tsunis, the team brought four offers to the table, and carried this asset from listing to close in 60 days. This offering gave the investor the opportunity to […]
News Release: Griffin-American Healthcare REIT IV Acquires Medical Office Building in Grand Junction, Colorado
GRAND JUNCTION, Colo. (July 9, 2018) – American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced today that the REIT has acquired a Class A medical office building in Grand Junction, the largest city in western Colorado, for $31.5 million. Built in 2013, the approximately 83,000-square-foot Grand […]
Transactions: Flagler Investment Holdings of Miami acquires MOB near hospital in Delray Beach, Fla.; NKF brokers the sale
DELRAY BEACH, Fla. – Miami-based Flagler Investment Holdings recently acquired the 32,520 square foot Delray Medical Office at 4675 Linton Blvd. in Delray Beach, a city along the Atlantic Ocean. According to healthcare real estate (HRE) research firm Revista, the price was $9.75 million, or $295 per square foot (PSF), for the 75 percent occupied […]