News Release: Welltower and Oakmont Management Group Announce Strategic Joint Venture Partnership
NEWS PROVIDED BY Welltower Inc. Jul 29, 2021, 16:01 ET TOLEDO, Ohio, July 29, 2021 /PRNewswire/ — Welltower® Inc. (NYSE: WELL) today announced the expansion of its relationship with Oakmont Management Group (“Oakmont”). Through the acquisition of new management contracts, the partnership is expected to roughly double the size of Welltower and Oakmont’s existing portfolio by […]
News Release: NexCore breaks ground on OrthoNebraska Council Bluffs MOB in suburban Omaha
The single-story, 23,000-square-foot orthopedic facility will offer clinical space and physical therapy COUNCIL BLUFFS, Iowa; OMAHA, Neb.; and DENVER, July 29, 2021 – National healthcare real estate developer NexCore Group and OrthoNebraska, the recognized leader in comprehensive orthopedic services in Omaha, gathered recently in neighboring Council Bluffs to break ground on a state-of-the-art, build-to-suit, 23,000-square-foot […]
News Release: CIT Serves as Lead Arranger of $100 Million Financing for Cornerstone Healthcare Group
NEW YORK — July 28, 2021 — CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as lead arranger of $100 million in financing for Cornerstone Healthcare Group Holdings Inc. and their long-term acute care hospital division. Based in Dallas and founded in 1990, Cornerstone Healthcare Group is a diversified healthcare […]
News Release: Just Sold – State-of-the-Art MOB and ASC | 13,444 SF | Las Cruces, NM
Sold Lohman Endoscopy Center 4381 E Lohman Ave, Las Cruces, NM 88011 ANNOUNCEMENT HREA | Healthcare Real Estate Advisors announce the sale of a modern free-standing Medical Office Building and integrated specialty Ambulatory Surgery Center located in Las Cruces, NM. Consisting of approximately 13,444 square feet, the state-of-the-art MOB and ASC is located in a […]
News Release: Medical Properties Trust, Inc. Reports Second Quarter Results
Per Share Net Income of $0.19 and Normalized FFO of $0.43 in Second Quarter Per Share NFFO and AFFO Growth Exceeding 13% Compared to Prior-Year Quarter Year-to-Date Investments of More than $3.6 Billion July 29, 2021 08:00 AM Eastern Daylight Time BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced […]
News Release: Cornerstone Companies MOB Fund VI Acquires 12 Medical Properties in Nine States for $48.7 Million
FOR IMMEDIATE RELEASE INDIANAPOLIS, IN (July 28, 2021) – Cornerstone Companies, Inc. has closed on its sixth medical office building portfolio; acquiring 12 healthcare real estate properties in nine states totaling more than 155,000 square feet. The properties have been acquired by Cornerstone Fund VI for $48.7 million by Cornerstone MOB Fund VI, a private […]
News Release: Remedy Medical Properties acquires Cornwall Medical Pavilion in Washington, D.C., MSA
FOR IMMEDIATE RELEASE The well-located, four-story, 95,243-square-foot medical office building sits on the Inova Loudon Hospital-Cornwall campus in Leesburg and is anchored by Loudoun Medical Group LEESBURG, Va., and CHICAGO, July 28, 2021 – Remedy Medical Properties, the nation’s largest private owner of healthcare real estate, announced today the acquisition of the four-story, 95,243-square-foot Cornwall […]
News Release: MedCraft Investment Partners Acquires Physician-Owned Medical Office Building in Waterford, CT
FOR IMMEDIATE RELEASE MedCraft Continues to Expand Its Medical Office Portfolio in the Northeast with the Acquisition of the Crossroads Professional Building Minneapolis, Minn. – July 27, 2021 – MedCraft Investment Partners, a dedicated investment platform focused exclusively on healthcare real estate, is making swift headway along the Eastern Seaboard. Its most recent purchase of […]
News Release: IRA Capital Acquires Medical Office Portfolio In San Antonio, Tx
July 26, 2021 IRA Capital (“IRA”) is pleased to announce the acquisition of a portfolio of three medical office buildings totaling more than 55,000 square feet located in San Antonio, TX. The buildings are 100% leased to Gastroenterology Consultants of San Antonio (“GCSA”) on a NNN basis with existing long term leases in place, providing […]
News Release: Universal Health Realty Income Trust Reports 2021 Second Quarter Financial Results
Consolidated Results of Operations – Three-Month Periods Ended June 30, 2021 and 2020: NEWS PROVIDED BY Universal Health Realty Income Trust Jul 26, 2021, 16:20 ET KING OF PRUSSIA, Pa., July 26, 2021 /PRNewswire/ — Universal Health Realty Income Trust (NYSE:UHT) announced today that for the three-month period ended June 30, 2021, net income was $6.6 million, or $.48 per diluted share, as […]
News Release: McCarthy Breaks Ground on Texas Children’s Hospital in Austin
365,000-square-foot facility to bring top pediatric, fetal and OB/GYN care to Central Texas AUSTIN – July 26, 2021 – McCarthy Building Companies, Inc. has begun construction on Texas Children’s Hospital for children and women in Austin. The freestanding hospital, which will serve families in Austin and Central Texas, is scheduled to be completed in the […]
Cover Story: Under the radar overachievers
Optimal Outcomes has quietly developed more than 100 healthcare facilities in the past 20 years By John B. Mugford Saying that Optimal Outcomes, a longtime, successful healthcare real estate (HRE) development firm with a strong track record, flies under the radar when compared to HRE firms with national platforms isn’t just an observation from an […]
Project Case Study: Difficult road, beautiful MOB
MedProperties Group overcomes multiple obstacles to deliver Mercy Medical Commons II in Gilbert, Ariz. By Erin E. Porter The motivational speaker Zig Ziglar’s quote, “Difficult roads lead to beautiful destinations,” is one that healthcare real estate (HRE) developers might want to copy and paste in their minds as a constant reminder. After all, developing a […]
News Release: 56,000 Sf Ambulatory Surgery Center, Medical Office Buildings Trade In San Antonio
Transaction Includes 100% Leased MOBs in the City’s Three Largest Medical Centers (JULY 21, 2021 – SAN ANTONIO) – Transwestern Real Estate Services (TRS) announces its Healthcare Advisory Services team has brokered the sale of Gastroenterology Consultants of San Antonio’s Ambulatory Surgery Center and three of its medical office buildings, totaling 55,457 square feet. The […]
News Release: Just Closed – Vista Medical Plaza, Vista, CA
JLL Investment Advisory JLL Healthcare Capital Markets Just Closed: Vista Medical Plaza Vista, California The JLL Healthcare Capital Markets Group is pleased to announce the sale of Vista Medical Plaza, a two-story, 54,703 square foot multi-tenant medical office building located adjacent to the 320-bed Tri-City Medical Center in Vista, CA. In 2016, the Property underwent […]