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REIT Report: Big year, big retirement at DocREIT
Acquisitions totaled $1.28 billion last year and founder John Sweet retired By John B. Mugford Prior to the start of 2016, executives with Milwaukee-based Physicians Realty Trust (NYSE: DOC) set its acquisitions guidance at $750 million to $1 billion for the year.
Industry Pulse: On the Record – Dirk Aulabaugh
How would you assess the current environment for healthcare REITs? “There are very few traditional sectors in the REIT space that are trading at real premiums to their NAV (net asset value), but the sectors that are include healthcare, industrial, net lease and manufactured homes.”
Post-Acute & Senior Living: Global Medical lands year-end deal
Publicly traded REIT’s portfolio now has 31 properties and 666,000 square feet By John B. Mugford For Bethesda, Md. Global Medical REIT Inc. (NYSE: GMRE) the closing days of 2016 brought with it an end-of-the-year acquisition: three rehabilitation hospitals operated by Birmingham, Ala.-based HealthSouth Corp. (NYSE: HLS) for a total price of $68.1 million.
Post-Acute & Senior Living: Two-building assisted living complex in the heart of San Francisco changes hands
SAN FRANCISCO – Hayes Valley Senior Living, a two-building assisted living community just a few blocks from San Francisco City Hall, recently changed hands for $25 million, or $481,000 per unit.
Industry Pulse: On the Record – Jackie Lundblad
What does the future look like for smaller physician practices? “I think that private practice physicians, especially those in the one- or two-person groups, have had a lot of pressure on their practices over the last six-plus years or so. Be it from administrative changes and documentation that they need to fill out to electronic […]
Archives: January 2012
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Publisher’s Letter: Say ‘goodbye’ to HREI™
AND SAY ‘HELLO’ TO A ‘NEW AND IMPROVED’ HREI™ By Murray W. Wolf Dear Reader: OK. I’ll admit it. The headline above was intended to raise an eyebrow. Relax. HREI™ is not saying goodbye. God willing, we will continue for many years to put all the latest and most important healthcare real estate news and […]
Q & A: Seavest Healthcare as active as ever
PRESIDENT DOUG RAY DISCUSSES RECENT $332 MILLION SALE, FIRM’S STRATEGY By John Mugford Throughout the era in which the medical office building (MOB) sector has grown up and gained prominence as a significant asset class, White Plains, N.Y.-based Seavest Healthcare Properties has been involved as an investor in both the development and acquisition of such […]
Companies: Developer finishes third cancer center
OPTIMAL OUTCOMES OPENS 36,000 FACILITY IN TAMPA, FLA., FOR GROWING GROUP By John Mugford For St. Petersburg, Fla.-based Optimal Outcomes LLC, developing comprehensive cancers centers has become a strong niche among the services it offers. In fact, the healthcare development firm recently completed a new 36,000 square foot, $9.5 million cancer center in Tampa, Fla., […]
Company Profile: Archway making its way in MOB space
BEVERLY HILLS-BASED FIRM FINDING SUCCESS WITH VALUE-ADD OPPORTUNITIES By John Mugford Value-add. For many large and active investors looking to acquire medical office buildings these days, the description is often a red flag, a reason to look elsewhere as they scour the market for high-quality, on-campus facilities with stabilized tenant rosters. However, one company making […]
Inpatient Projects: After 4 years, Texas hospital on track
MEDISTAR CORP. PLANS TOP OPEN 174-BED FACILITY IN LATE 2013 NEAR HOUSTON By John Mugford All systems certainly seemed to be “go” back in 2007 when Medistar Corp. landed an operating partner for a new privately owned hospital it had planned for Webster, Texas, southeast of Houston. Everything remained on track after construction started and […]
Transactions: ProMed takes MOB space over hospital
INVESTOR PAYS $21.75M FOR LEASEHOLD INTEREST IN FOUR FLOORS IN BALTIMORE By John Mugford ProMed Properties, which has been an active buyer of medical office buildings (MOBs) in the eastern part of the country in recent years, has landed an acquisition in the Baltimore market. There, the North Miami Beach, Fla.-based wholly owned subsidiary of […]
Capital Markets Snapshot: Benchmark set for interest rate action
FED PLANS TO INCREASE RATES WHEN UNEMPLOYMENT FALLS TO 6.5 PERCENT By Cain Brothers The big news in the capital markets earlier this month was the announcement of further quantitative easing (QE) by the Fed. As Operation Twist, the selling of short-term Treasuries to buy longer-term bonds, has come to the end of its run, […]
Special Report: Cautious but committed
MOBs STILL IN HIGH DEMAND BY INVESTORS, LENDERS By Murray W. Wolf Medical office building (MOB) sales volume for this year seems destined for its highest level since at least 2008, as capital has continued to stampede toward what is one of the best-performing real estate asset classes. Yet, at the same time, equity investors […]
News & Analysis: MOB’s PSF breaks record
IN SUBURBAN PHILLY, THAT IS; $388 PER SQUARE FOOT By John Mugford In many markets across the country, healthcare real estate remained a bright spot as commercial real estate slumped during the throes of the recession. Now, in Greater Philadelphia, a recent medical office building (MOB) sale has set the bar rather high when it […]
