Transactions: New Atlanta MOB sells for $83 million
DOC acquires 12-story Midtown MOB, which is anchored by Northside Hospital By John B. Mugford The sale of a large, newly completed MOB in the heart of Atlanta’s popular Midtown area comes on the heels of several years of diligent work by Atlanta based Northside Hospital Inc. and Realty Trust Group (RTG), a fullservice healthcare […]
Transactions: Pension fund sells MOBs for $34.4M
Iowa retirement system advisor sells facilities near Philadelphia and New York An undisclosed global investment advisor acting on behalf of the Iowa Public Employee Retirement System (IPERS) recently sold two medical office properties to two separate buyers for a total of $34.4 million.
Transactions: Montecito Medical pays $11.5 million for eye center-anchored MOB in Willmar, Minn.
Willmar, Minn. – In more news from Nashville-based Montecito Medical, the firm recently paid $11.5 million for a “Class A” MOB in Willmar, about 90 miles west of Minneapolis. Completed in 2005,
Transactions: Griffin-American REIT IV acquires 43,000 square foot MOB near Milwaukee for $7.6 million
Glendale, Wis. – Irvine, Calif.-based Griffin-American Healthcare REIT IV recently purchased an 80 percent occupied, 43,000 square foot MOB in Glendale, a suburb north of Milwaukee.
Transactions: Q3 MOB sales were a strong $2.57B
Based on volume so far this year, sales are on a pace to again top $10 billion By John B. Mugford At this point, with the results of medical office buildings (MOB) sales for the third quarter (Q3) now in, it looks as if the total volume for 2018 is going to surpass $10 billion […]
Transactions: New York-based Thor Equities pays $23.5 million for renovated MOB in suburban Boston
Norwood, Mass. – New York-based Thor Equities recently closed on the acquisition of the 92,000 square foot Norwood Medical Center in Norwood. In making its first purchase in Greater Boston,
Transactions: 33,640 square foot MOB on Dignity Health campus near Sacramento trades hands
Carmichael, CA – A 33,640 square foot MOB on the campus of Mercy San Juan Hospital campus in Carmichael, a suburb of Sacramento, recently traded hands. The price was not disclosed for
Transactions: Healthcare Trust Inc. acquires 44,558 square foot MOB in Detroit suburb for $14.25 million
Farmington Hills, Mich. – The 44,558 square foot Glendale Medical Building in Farmington Hills, a northwest Detroit suburb, recently traded for $14.25 million, according to the team that
Transactions: Montecito acquires a 68,500 s.f. MOB in East Providence, R.I., occupied by physicians group
East Providence, R.I. – The four-story, 68,500 square foot University Medicine Medical Office in East Providence is the largest clinic location for locally based University Medicine, which operates
Transactions: A 114,414 square foot MOB next to Texas Medical Center West in Katy, Texas, trades hands
Katy, Texas – A 114,414 square foot MOB adjacent to the Texas Medical West campus in the Houston suburb of Katy recently traded hands, according to a local team with Chicago-based Jones Lang
Industry Pulse: Two more MOB portfolios hit the market
Offered together, the Flagship and HSA packages total 479,092 square feet If 2017 was “The Year of the Portfolio” with respect to the total dollar volume of multi-asset medical office building (MOB) transactions, 2018 might be shaping up to be “The Year of the Portfolio” in terms of the sheer number of MOB portfolios being […]
Transactions: 1031 exchange buyer acquires fully occupied, 22,564 square foot MOB near Los Angeles
West Covina, CA – Eight offers were submitted for a 22,564 square foot, 100 percent leased MOB in West Covina, a Los Angeles suburb, that recently traded for $5.9 million, or $261 per square
News Release: Gary Pezza of NAI Long Island Brokers Sale & Purchase of 160 Middle Road in Sayville
Melville, NY – November 19, 2018: Gary Pezza, Senior Director of NAI Long Island, represented the seller, John A. Zimmerly, MD, and the buyer, 1449 Holdings, LLC, in the sale & purchase of a 7,300 SF medical office building located at 160 Middle Road in Sayville, NY. 1449 Holdings, LLC purchased the property for $1,650,000. Please […]
News Release: Just Closed – Panorama Medical Center
CBRE U.S. Healthcare Capital Markets acted as the exclusive advisor for the sale of the Panorama Medical Center in Golden, Colorado. Sale Date: November 14, 2018 Property Size: 64,568 SF Occupancy: 100% CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of the Panorama Medical Center (the “Property”). Chris Bodnar and Lee Asher acted as the Seller’s exclusive advisors. The Property […]
News Release: LifePoint Health and RCCH HealthCare Partners Announce Completion of Merger
Date Posted: Nov 16, 2018 Author: LifePoint Health Brentwood, Tenn., November 16, 2018 – LifePoint Health, Inc. (NASDAQ: LPNT) (“LifePoint”) today announced the completion of its merger with RCCH HealthCare Partners (“RCCH”), which is owned by certain funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”). As a result of the […]