admin
News Release: Flagship Healthcare Real Estate Fund Partners with Drake Real Estate Partners to Acquire Freestanding Emergency Department & Medical Office Building in Fredericksburg, VA
May 29, 2014 Fredericksburg, VA – Flagship Healthcare Real Estate Fund and Drake Real Estate Partners have acquired The Professional Plaza at Lee’s Hill, a 71,000 square foot freestanding emergency department and medical office building located at 10401 Spotsylvania Avenue in Fredericksburg, Virginia. This modern facility is the seventh acquisition for the Flagship Healthcare Real […]
Thought Leaders: Medical Office Market Report Available
1st Quarter Medical Office Market Report Colliers International | Minneapolis-St. Paul is pleased to present our Twin Cities Medical Office Market Report for the first quarter of 2014. Strong construction activity as merging health care groups prepare for increasing patient population and streamlining of patient care Now Available Download Q1 Medical Office Market Report View […]
News Release: Caddis Partners names Jason Hinkel as Regional Director of Development
Based in Atlanta, the 25-year industry veteran is responsible for growing development activity in the Southeast Region for the Dallas-based healthcare real estate firm ATLANTA and DALLAS, May 28, 2014 – Leading national healthcare real estate firm Caddis Partners LLC has named industry veteran Jason Hinkel as Regional Director of Development. Mr. Hinkel’s role will […]
For Sale: 165,000 SF Building – Class A Medical Office Building Re-Position Opportunity
Asking Price $8 Million – Existing 165K SF Building with 8 + Acres of Land In Southern California Prime Downtown, Listings for Class C Neighborhood property prices at $110/SF to $165/SF I need a QUICK sale Land value at $7-$8 Million + Building replacement cost at $25 Million (please verify) MOB project can start in 4 […]
For Sale: Single Tenant Medical Office Investment Opportunity – Memphis, TN
Single Tenant Medical Office Investment Opportunity – Physicians 1st Medical – 5570 Murray Road Memphis, TN 38119 Tenant: Physicians 1st Medical Address: 5570 Murray Road, Memphis, TN 38119 Type: Single Tenant Medical Office SF: 9,725 In-Place NOI $124,468 Cap Rate: 9.50% Purchase Price: $1,310,188 This offering is available for a purchase price of $1,310,188 ($134.72 PSF) representing […]
Archives: May 2014
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) Digital flipbook (COMING SOON!) 2014 Archives 2013 Archives
May 2014 PDF
To prevent unauthorized use of our Federally copyrighted content, Healthcare Real Estate Insights™ now uses a three-step process to unlock access to the PDF versions of the Current Editions and Archives:
Cover Story: Should systems monetize hospitals?
Selling MOBs is common, BOMA panel notes, but what about inpatient buildings? By John B. Mugford In healthcare real estate (HRE), there’s an untapped gold mine of properties awaiting investors who can figure out how to obtain them: acute care hospitals. Therein lies the difficulty, however, as the holders of more than 85 percent of […]
Transactions: DOC REIT acquires two LTACH facilities from major operator LifeCare
MILWAUKEE – Milwaukee-based Physicians Realty Trust (Nasdaq: DOC) recently acquired the real estate of two LifeCare Hospitals in the Pittsburgh and Fort Worth, Texas, areas. The healthcare-focused REIT, which previously acquired a LifeCare facility in Plano, Texas, paid $40 million for the two long-term acute care hospitals (LTACHs). Upon selling the LTACHs, Plano-based LifeCare Family […]
Feature Story: Focus on healthcare, not reform
Some providers say they’d be changing their real estate strategies anyway By Murray W. Wolf Most articles about the Patient Protection and Affordable Care Act (PPACA), aka healthcare reform, focus on how the four-year-old law is “forcing” hospitals and health systems to change their ways – with a stated goal of delivering higher-quality, more collaborative […]
Transactions: Montecito, Oak Street joint venture acquires buildings in Maine
AUGUSTA, Maine – A joint venture (JV) of Nashville, Tenn.-based Montecito Medical and Chicago-based Oak Street Real Estate Capital LLC recently acquired two MOBs in Augusta that house doctors with MaineGeneral Health System. While Montecito did not disclose the price the JV paid for the facilities, reports indicate that it acquired one of the buildings, […]
Transactions: CNL making move into inpatient rehabilitation by purchasing five facilities
ORLANDO, Fla. – CNL Healthcare Properties’ first endeavor into owning inpatient rehabilitation facilities (IRFs) is certainly going to be a significant one. On May 13, the non-traded real estate investment trust (REIT) entered into purchase agreements to acquire three post-acute care rehabilitation hospitals for a total of $68 million in Oklahoma, Nevada and Indiana. The […]
Transactions: 2014 MOB sales off to a record start
By John B. Mugford After a record-setting year and fourth quarter (Q4) of 2013 for medical office building (MOB) sales, a letdown was certainly in the works to kick off 2014. And sure enough, the total MOB sales volume for Q1 fell 37 percent from the previous quarter, Q4 2013. But that doesn’t mean Q1 […]
Hot Property: New HCA-anchored FED being offered
Net-leased Richmond, Va., asset being marketed at less than replacement cost Name: HCA FED & Imaging Center Address: 9275 Chamberlayne Road City: Richmond, Va. Square feet: 22,000 Land size: 3.7 acres Occupancy: 100% Tenant: HCA Health Services of Virginia Lease term: 10 years starting in June Seller: Undisclosed developer Asking price: $8.8 million Total construction […]
