News Release: BMO Harris Healthcare Real Estate Finance acts as Administrative Agent and Sole Lead Arranger of an Acquisition Loan for a Large Transaction between KKR Real Estate Select Trust Inc. and Montecito Medical Acquisition Company.
Chicago, January 27, 2022 – BMO Harris Bank’s Healthcare Real Estate Finance group announces that it acted as administrative agent and sole lead arranger on an acquisition loan for a joint venture led by KKR Real Estate Select Trust Inc. (“KREST”) and managed by Montecito Medical Acquisition Company. The BMO loan provided financing for the […]
News Release: IRA Capital pays $106 million for California senior housing assets
January 26, 2022 Southern California private equity firm IRA Capital (“IRA”) is pleased to announce the acquisition of two newly-constructed Assisted Living and Memory Care facilities totaling 160 units in the Northern California cities of Dublin (Alameda County) and Novato (Marin County). As one of the most active players in the medical office, life science, […]
News Release: Kaiser Permanente to Build Medical Office Building in Baxter Village Mixed-Use Project
FOR IMMEDIATE RELEASE Wildomar, Calif. – January 26, 2022 – Kaiser Permanente announced today plans to build a medical office building on approximately 7 acres within the Baxter Village Mixed-Use Project located at the Northwest Corner of Wildomar Trail and Interstate 15 in the City of Wildomar. The property is entitled for a future 84,000 […]
News Release: Ascension Seton announces new women’s health tower in Austin
Ascension Seton is pleased to announce plans to build a new women’s tower on its Ascension Seton Medical Center Austin campus. The women’s tower will be a $320 million investment and part of a broader expansion and modernization plan for Ascension Seton Medical Center Austin. The tower will expand access to Ascension Seton’s comprehensive women’s […]
News Release: Gene Editing Firm, Graphite Bio, Takes +85,000 SQFT Lease at Nexus on Grand in South San Francisco
Next-generation gene editing company to occupy three full floors of ground-up, Class A life sciences development in one of the top biotech markets in the U.S. SAN FRANCISCO – (January 26, 2022) – Savills announced that it completed an 85,165-square-foot lease relocation and expansion on behalf of Graphite Bio, Inc. (NASDAQ: GRPH) at 233 East […]
News Release: Elliott Bay Acquires 4 Properties totaling 53,000 SF Across Three States
SEATTLE and NEW YORK, January 26, 2022 — A partnership of Seattle-based Elliott Bay Capital Trust (“Elliott Bay”) and New York-based Prospect Ridge has announced the acquisition of four medical properties in three separate transactions and leased to leading healthcare providers across three states. The four newly developed and 100% occupied properties located in Chubbuck, […]
News Release: Seavest and Nuveen partner in $1 Billion medical office transaction
Seavest Healthcare Properties and Nuveen Real Estate concluded the transaction in December 2021, which included a recapitalization of a portion of Seavest’s medical office portfolio NEW YORK, N.Y. and WHITE PLAINS, N.Y., Jan. 26, 2022 – Seavest Healthcare Properties, LLC, the New York City and White Plains based healthcare real estate investment management firm, a division […]
Thought Leaders: Three ways the COVID-19 pandemic has impacted healthcare real estate
By Chad DeRossett The COVID-19 pandemic has made an indelible mark on the real estate industry, and healthcare real estate has particularly had to pivot to cater to a landscape that in some ways, has been fundamentally altered. Three trends that have emerged from the pandemic’s effect on the industry include: 1) Behavioral health is […]
News Release: MedProperties Realty Advisors acquires three-building, 118,003 s.f. health campus in Iowa
FOR IMMEDIATE RELEASE The strategically located Mississippi Valley Health Campus, situated on 12.54 acres in Davenport, is 92 percent leased to a diverse mix of 15 tenants with a weighted average lease term of more than 10 years DAVENPORT, Iowa, and DALLAS, Jan. 26, 2022 – MedProperties Realty Advisors LLC today announced the acquisition of […]
News Release: BXP Sees Strong Leasing Momentum in the 4th Quarter 2021
Executes 1.8 Million Square Feet of Leases with a Weighted-Average Lease Term of 8.6 Years January 25, 2022 05:52 PM Eastern Standard Time BOSTON–(BUSINESS WIRE)–Boston Properties, Inc. (NYSE: BXP), the largest publicly traded developer, owner, and manager of Class A office properties in the United States, announced that it executed approximately 1.8 million square feet […]
News Release: Institutional Property Advisors Closes Orthopedic-Anchored Medical Office Sale in Oklahoma City
FOR IMMEDIATE RELEASE OKLAHOMA CITY, OK, Jan. 25, 2022 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of the Southwest Orthopedic and Reconstructive Specialists building, a multi-tenant medical office building, totaling 35,347 square-feet in Oklahoma City, Oklahoma. “Conveniently located, this asset is just a 10-minute drive […]
News Release: $22.3M refinancing secured for behavioral hospital on Long Island
JLL Capital Markets led financing efforts for the 146-bed medical facility NEW YORK, Jan. 25, 2021 – JLL Capital Markets announced today that it has arranged a $22.3 million refinancing for 81 Louden Ave., a 124,000-square-foot, 146-bed behavioral hospital facility in Amityville, New York. JLL worked on behalf of the borrower, 81 Louden Real Estate […]
Cover Story: How to build an MOB empire
Launched in April 2021, Crown MedRealty, led by HRE veterans Steve Bessenbacher and Brian Beggs, has far exceeded its investment predictions for its first year By John B. Mugford To say that Crown MedRealty Partners is off to a good start in the ultra-competitive medical office building (MOB) acquisitions arena would certainly seem to be […]
News Release: Realty Trust Group Announce Additions to Healthcare Leadership Team
(Knoxville, TN – January 2022) Healthcare real estate advisory, development, and management firm Realty Trust Group (“RTG”) recently announced the addition of healthcare veterans Holly Green and Jim Deraney. “These additions reinforce RTG’s commitment to providing a comprehensive healthcare-focused real estate service platform to its hospital and physician practice clients, enabling them to leverage real […]
News Release: Cushman & Wakefield Represents Cantor Fund in $8.9M Sale of North Meridian Professional Center in Indianapolis
For Immediate Release Healthcare Capital Markets Team Sells MOB Complex on Behalf of Cantor Partners Indianapolis, January 25, 2022 – Cushman & Wakefield announced today that the firm represented Tampa, FL-based Cantor Partners in its $8.9 million sale of North Meridian Professional Center in Indianapolis. Gino Lollio and Travis Ives, Managing Directors in Cushman & […]