News Release: NKF Completes $39.2 Million Sale of MOB in Burlingame, CA
Newmark Knight Frank Announces the $39.2 Million Acquisition of a Hospital-Adjacent Medical Office Property in Burlingame, CA San Francisco, CA (December 20, 2018) — Newmark Knight Frank (NKF) has announced it has completed the $39.2 million acquisition of a 104,000-square-foot medical office property adjacent to Mills-Peninsula Medical Center in Burlingame, CA. NKF Senior Managing Director […]
News Release: Echo Development Group – New Medical | Office Acquisition
FOR IMMEDIATE RELEASE Echo Development Group, Inc. Acquires Medical/Office Property in Indianapolis Suburb Chicago, IL (December 20, 2018) – Echo Development Group, Inc. announces it has acquired its third medical/office property in Greenwood, Indiana – a near-south suburb of Indianapolis. This latest acquisition, a 12,000 square foot multi-tenant building, is located at 973 Emerson Parkway and […]
News Release: Cigna Completes Combination with Express Scripts, Establishing a Blueprint to Transform the Health Care System
Cigna with Express Scripts to deliver improved affordability, choice, and predictability through flexible, open and connected solutions Celebrates first day as a combined company by announcing an incremental investment of $200 million to support local communities, focused on improving societal health Launches Healthier Kids for Our Future, a new community engagement program to improve the […]
New Release: Davis closes two fourth quarter medical office acquisitions to cap a successful 2018
News Release National healthcare real estate firm acquired 220,000 SF of medical office buildings this year and developed three more totaling 81,000 SF for a total cost of $104.4 million MINNEAPOLIS, Dec. 19, 2018 – Minneapolis-based Davis is ending 2018 with a bang. The national healthcare real estate (HRE) development, property management, brokerage and investment firm […]
News Release: White Oak Healthcare Finance Acquires Capital One Healthcare Real Estate Portfolio
December 19, 2018 09:00 AM Eastern Standard Time CHICAGO & NEW YORK–(BUSINESS WIRE)–White Oak Healthcare Finance (“White Oak” or “WOHCF”) today announced it acquired an approximate $700 million portfolio of skilled nursing and seniors housing loans from Capital One Healthcare (“Capital One”) and its participant banks. Capital One provided debt financing for the transaction. Financial […]
News Release: Flagship Healthcare Trust Completes North Carolina Acquisition
For Immediate Release CHARLOTTE, NC – December 17, 2018 – Flagship Healthcare Properties (“Flagship”) announced today on behalf of its private REIT, Flagship Healthcare Trust, Inc. (“Flagship REIT”), that the REIT has acquired a Class A medical office building (“MOB”) in Concord, North Carolina. Located at 66 Concord Lake Road, directly across from Carolinas Healthcare System NorthEast, […]
News Release: Meridian Purchases 26,000 SF Medical Office Building in Torrance, Calif.; Transaction represents Meridian’s 5th acquisition in 2018
FOR IMMEDIATE RELEASE: Meridian Purchases 26,000 SF Medical Office Building in Torrance, Calif. * * * Transaction represents Meridian’s 5th acquisition in 2018 NEWPORT BEACH, Calif. – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has closed escrow on the purchase of a 26,000-square-foot […]
News Release: Will James of NorthMarq Capital’s Atlanta office secures $5.719 million acquisition financing of Wake Forest Baptist Surgery Center in Clemmons, North Carolina
Atlanta (December 13, 2018) – Will James, vice president of NorthMarq Capital’s Atlanta regional office arranged acquisition financing of $5.719 million for Wake Forest Baptist Surgery Center, a 12,500 sq. ft. surgery center located in Clemmons, North Carolina. The transaction was structured with a 5-year term with 4-years of interest only followed by a 30-year […]
News Release: CIT Completes Financing for Three Medical Office Buildings in Tennesse
NEWS PROVIDED BY CIT Group Inc. Dec 13, 2018, 09:00 ET NEW YORK, Dec. 13, 2018 /PRNewswire/ — CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Financebusiness, part of CIT’s Commercial Finance division, served as sole lead arranger of $21.4 million in senior secured credit facilities for Virtus Real Estate Capital, a private equity real estate firm that focuses on cycle-resilient alternative property […]
News Release: CIT News: Financing for Three Medical Office Buildings in Tennessee
CIT Completes Financing for Three Medical Office Buildings in Tennessee New York – Dec. 13, 2018 – CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business, part of CIT’s Commercial Finance division, served as sole lead arranger of $21.4 million in senior secured credit facilities for Virtus Real Estate Capital, a private […]
News Release: HFF announces $12.35M sale of Norriton Medical Center in suburban Philadelphia
PHILADELPHIA, Dec. 12, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $12.35 million sale of Norriton Medical Center, a 74,212-square-foot medical center anchored by Einstein Orthopedics and Moss Rehab in the Philadelphia suburb of East Norriton, Pennsylvania. The HFF team represented the seller, an indirect wholly owned subsidiary of Franklin Realty Development Corporation. Located […]
News Release: Global Healthcare Services Recent Transaction
RECENTLY SOLD: Flemington, NJ 2 Building, Medical Office Portfolio Total SF: 49,253 SF Medical Office Portfolio Selling Price: $16,950,000 Sale Date: 11/29/2018 Addresses: 1 Westcott and 6 Sand Hill Road, Flemington, NJ Todd Perman, CCIM Executive Managing Director Global Healthcare Services 404.806.2510 tperman@ngkf.com Dana Hamric Managing Director Global Healthcare Services 404.806.2513 dhamric@ngkf.com Richard Gerakitis Associate […]
News Release: Global Healthcare Services Recent Transaction
Newmark Knight Frank – Global Healthcare Services RECENTLY SOLD: Flemington, NJ 2 Building, Medical Office Portfolio Total SF: 49,253 SF Medical Office Portfolio Selling Price: $16,950,000 Sale Date: 11/29/2018 Addresses: 1 Westcott and 6 Sand Hill Road, Flemington, NJ Todd Perman, CCIM Executive Managing Director Global Healthcare Services 404.806.2510 tperman@ngkf.com Dana Hamric Managing Director […]
News Release: Announcement – $10,600,000 Medical Office Sale in Beaufort, SC. – Fairfield Advisors
Fairfield Advisors announces the sale of the Jenkins Medical Office Building in Beaufort, SC. – $10,600,000 Transaction – (Denver, CO. and Beaufort, SC. – December 10, 2018) – Fairfield Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the sale of the Jenkins Medical Office Building located in Beaufort, South Carolina. The […]
News Release: Caddis was one of the most active acquirers of MOBs during the past 12 months
The firm’s new Caddis Acquisition Fund flourished with investments in 20 medical office buildings totaling 893,528 square feet Dallas, Dec. 7, 2018 – During only the first 12 months since establishing its new investment fund, Caddis® has emerged as one of the nation’s most active acquirers of medical office buildings (MOBs), company officials say. Through […]