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News Release: Executed Purchase and Sale Agreements Totaling $166.0 Million
MILWAUKEE–(BUSINESS WIRE) – Physicians Realty Trust (NYSE: DOC) (the “Company,” the “Trust,” “we,” “our,” “us,” and “DOC”), a self-managed healthcare real estate investment trust, is announcing that the Company has completed acquisitions of eight medical office facilities since June 30, 2017. The facilities represent approximately 417,753 square feet with a total purchase price of $129.7 […]
News Release: Meridian Buys 51,150 SF Landmark Medical Office Building in Phoenix
Purchase Represents Meridian’s First Major Transaction Outside of California PHOENIX, Ariz. – Meridian, a full-service commercial real estate developer based in California, is pleased to announce the purchase of Grunow Memorial Medical Center, a landmark 51,150-square-foot two-story medical office building located at 926 East McDowell Road in Phoenix, Arizona. The seller was PacVentures, a real […]
News Release: Max Burcham Joins Snyder Langston as Project Executive
Los Angeles, CA (September 8, 2017) – Snyder Langston, a Southern California-based master builder, has announced the addition of Max Burcham as Project Executive, reinforcing the firm’s Healthcare group and its Los Angeles market presence. Burcham brings three decades of industry experience to his role, with an especially strong background in healthcare construction. Prior to […]
News Release: Just Sold – Long Beach Medical Office Trades to Private Investor
Transaction Summary CBRE’s Investment Properties-So Cal team is pleased to announce the sale of 3530 Atlantic Avenue located in Long Beach, CA at a price of $4,055,800.The 26,039 SF medical office building was 78.5% leased to 6 tenants and traded at an in-place 4.95% cap rate and a stabilized 6.50% cap rate. Mark Shaffer, Doug […]
News Release: Expert panel scheduled to discuss current healthcare real estate market environment
Trends in medical office building cap rates, pricing, competition, capital, construction costs and more will be examined at InterFace Healthcare Real Estate in Dallas Sept. 14 MINNEAPOLIS and DALLAS, Sept. 8, 2017 – The only constant in healthcare real estate (HRE) is change, so it makes sense for HRE professionals to stay well informed about […]
News Release: Just Closed – Medical Office Complex in Houston Metro
The JLL Healthcare Capital Markets Group is pleased to announce the sale of Sugar Land Medical Pavilion, a medical office complex consisting of three multi-tenant medical office buildings in the desirable Sugar Land submarket of Houston, Texas. The properties are strategically situated within five miles of three hospital campuses with anchor tenants including The University […]
News Release: Raymond James serves as Financial Advisor to Hackensack Meridian Health on its $1.7B Comprehensive Debt Restructuring including its $589M Series 2017A Tax-Exempt Bonds and $300M Series 2017 Taxable Bonds
Background On July 1, 2016, Hackensack University Health Network, Inc. and Meridian Health System, Inc. merged to form Hackensack Meridian Health, Inc. (the “Network”). The Network is comprised of 13 hospitals, various physician practices, more than 120 ambulatory care centers, surgery centers, home health services, long-term care and assisted living communities, inpatient and outpatient behavioral […]
News Release: Capital One Closes $68 Million Loan for San Diego Medical Office Building Portfolio
Bethesda, Md. (September 7, 2017) – Capital One announced today that it provided a $68 million loan for the acquisition of two campus-adjacent outpatient medical office buildings by Anchor Health Properties in the La Jolla/UTC submarket of San Diego. The properties total 206,000 square feet. The funding will also support future tenant improvements and leasing […]
News Release: The Harman Group Celebrates the Grand Opening of the St. Barnabas Medical Center’s West Wing Expansion
The Cooperman Family Pavilion Brings New State-of-the-Art Facilities to the Award-winning Hospital Livingston, NJ (September 7, 2017) – The Harman Group, a firm specializing in structural engineering and parking planning and design services, celebrated the grand opening of Cooperman Family Pavilion, a five story, 240,000 square foot expansion of the St. Barnabas Medical Center in Livingston, […]
News Release: Just Closed – CareNow Urgent Care – Dallas, TX
Closing Highlights Successfully Diversified Buyer into a High Quality Long Term Cash Flowing Real Estate Asset Performed Extensive Property Search across Key U.S. markets Beat out competing offers based our track record of closing and strong broker relationships Why Was This Deal Attractive Single Tenant NN – CareNow Urgent Care with High End Medical Build-out […]
News Release: Just Closed – Clearfork Medical Office Building
The JLL Healthcare Capital Markets Group is pleased to announce the sale of Clearfork Medical Office Building, a fully leased Class A medical office building totaling 77,825 rentable square feet in Fort Worth with numerous specialties including orthopedics, cardiology, surgery, oncology, gastroenterology, rheumatology and primary care. Daniel Turley of the JLL Healthcare Capital Markets Group […]
News Release: Just Closed – Roseburg Surgery Center
Sale Date: June 28, 2017 Property Size: 62,246 SF Occupancy: 100% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the Roseburg Surgery Center (the “Property”). Lee Asher and Chris Bodnar of the CBRE U.S. Healthcare Capital Markets Group partnered with Ted Nicholson in the Oregon market to act as […]
News Release: Capital One Closes $250 Million Loan to Refinance Medical Office Building Portfolio
Bethesda, Md. (July 13, 2017) – Capital One announced today that it served as joint lead arranger, sole bookrunner, and administrative agent for a $250 million syndicated loan to Healthcare Trust, Inc. (HTI). The company will use the funds to refinance 29 medical office assets totaling 1.65 million square feet in 13 states. Capital One […]
News Release: BMO Harris Healthcare Real Estate Finance acts as Administrative Agent and Sole Lead Arranger of $21.4 Million Credit Facility for a Joint Venture advised by Heitman Capital Management and managed by Montecito Medical Operating Company.
BMO Harris Bank’s Healthcare Real Estate Finance group announced that it acted as the administrative agent and sole lead arranger on a $21.4MM term loan for a Joint Venture arranged by Heitman Capital Management, LLC and managed by Montecito Medical Operating Company. The BMO loan provided financing for the acquisition of a medical office building […]
News Release: Montecito Medical Acquires Utah Portfolio
NASHVILLE, TENN., July 7th, 2017 — Montecito Medical Real Estate, one of the largest privately held firms in the country devoted exclusively to medical real estate, has acquired the 105,592-square foot Ogden Clinic Portfolio. Ogden Clinic is a dominant multi-specialty provider in the Southwest Mountain region. The Class-A portfolio is comprised of four properties which […]
