Transactions: CNL Healthcare Properties II acquires on-campus MOB in Overland Park, Kan
Orlando, Fla.-based CNL Healthcare Properties II, a non-traded healthcare-focused REIT, in December closed on the acquisition of a 38,496 square foot MOB in Overland Park, outside of Kansas City,
Cover Story: The year of the portfolio
A surge in multi-asset transactions led to 2017 MOB sales records in volume, pricing, cap rates and more By John B. Mugford 2017 MOB sales volume set another new record. MOB sales totaled $12.55 billion, according to RCA’s data. That topped the 2016 total of $10.21 billion by 22 percent. It also far surpassed the […]
Transactions: Aurora makes $433 million buy
System acquires 18 leased properties from Welltower in ‘reverse monetization’ By John B. Mugford Last fall, several members of the Editorial Advisory Board (EAB) of Healthcare Real Estate Insights™ predicted that “reverse monetizations” would be on the upswing in 2018.
Transactions: Pair of investors pays $35.3M for ortho group-anchored MOB in Bloomington, Minn.
BLOOMINGTON, Minn. – A pair of individual investors recently teamed up to acquire a large orthopedic facility in Bloomington, a Minneapolis suburb, for $35.3 million. According to data from RCA, Minneapolis based Sentinel Management Company, which is headed by Luigi Bernardi and Jim Gearen, purchased the 103,000 square foot Tria Orthopaedic Center at 8100 Northland […]
News Release: Welltower Reports Fourth Quarter 2017 Results
Welltower Inc. (NYSE: HCN) today announced results for the quarter ended December 31, 2017. For the quarter, we generated net loss attributable to common stockholders of $0.30 per share and normalized FFO attributable to common stockholders of $1.02 per share. For the year, we generated net income attributable to common stockholders of $1.26 per share and normalized FFO attributable to common stockholders of $4.21 per […]
Transactions: Heitman lands 1.4 million s.f. on-campus portfolio
The 17 MOBs in the seven-state PHT Portfolio are 96 percent occupied By John B. Mugford CHICAGO – One of the “highest quality, on-campus portfolios ever offered” has changed hands, with Chicago-based Heitman LLC purchasing 17 medical office buildings (MOBs) totaling 1.4 million square feet, according to a Feb. 16 Heitman news release. While the […]
News Release: Investment Sale of 4 Northeast TN Medical Office Buildings
Investment Sale of 4 Holston Medical Group Buildings Anthony Lunceford and Joe Massa, the Nashville-based Executive Managing Directors of Colliers International’s Healthcare Investment Services group, transacted recently on the sale of 4 northeast Tennessee medical office buildings previously owned by Holston Medical Group. The purchasing party was a private equity group. HMG will continue operations in the […]
News Release: Cypress West Acquires MOB in NV in JV
Cypress West Partners Acquires Parkway Medical Plaza in Henderson NV in Joint Venture Cypress West Partners, a Southern California-based healthcare investment, leasing and property management firm, has acquired Parkway Medical Plaza, an 88,958-square-foot medical office building located at 100 N. Green Valley Parkway in Henderson, NV. Cypress West Partners acquired the property with Virtus Real […]
Transactions: More details emerge on recent IRET portfolio sale; the two assets are St. Luke’s affiliated MOBs in Duluth, Minn.
DULUTH, MN — Investors Real Estate Trust (NYSE: IRET), which has been gradually exiting the healthcare real estate space, announced in January that it had sold 27 of its 28 remaining MOBs. Now, citing newly filed property records, local news media reports that two of the assets are MOBs affiliated with St. Luke’s, a Duluth-area […]
News Release: BGL Real Estate Partners Announces the Sale of Mississippi Coast Endoscopy & Ambulatory Surgery Center and Meridian Surgery Center
BGL Real Estate Partners (“BGLREP”), a division of Brown Gibbons Lang & Company (“BGL”), is pleased to announce the real estate sale of Mississippi Coast Endoscopy & Ambulatory Surgery Center and Meridian Surgery Center, which combined, total approximately 33,700 square feet. BGLREP’s National Healthcare Real Estate Group served as the exclusive advisors to the sellers in […]
News Release: Bull Realty Brokers $3.8 Million Medical Building in Melbourne, FL
Healthcare Real Estate Services at Bull Realty brokered the sale of a 20,621 SF single-tenant medical professional building located in Melbourne, FL. The sale closed on February 16, 2018 for $3,800,000 at a 7.5% cap rate. The property is currently 100% occupied by BioReference Laboratories, the largest laboratory in the Southeast and the third largest […]
News Release: JLL completes sale of 17-building multistate medical office portfolio
Sale signals continuation of high interest in healthcare real estate investment CHICAGO, Feb. 20, 2018 /PRNewswire/ — JLL’s Capital Markets experts today announced the company completed the sale of an institutional-quality, multistate medical office portfolio known as the PHT portfolio. JLL represented the seller, Bentall Kennedy, on behalf of a state pension fund. Heitman LLC, a global real estate investment management […]
News Release: Heitman Acquires Premier Multistate, 1.4 million SF PHT Medical Office Portfolio
Chicago, February 16, 2018 – Heitman LLC, a global real estate investment management firm, today announced the acquisition of a 1.4 million square foot medical office portfolio comprised of 17 buildings in seven states on behalf of an affiliate of Heitman. Denver-based NexCore Group advised Heitman during the acquisition and will provide operating and property […]
News Release: ESI Arranges Sale of Assisted Living Facility in Washington for $7.0M
Evans Senior Investments (ESI) successfully represented the sale of Rosewood Villa, a 66 unit assisted living community in Bellingham, Washington for approximately $7,025,000 ($106,000 price per unit). Built in 1978, Rosewood Villa is located 87 miles north of Seattle. At the time of the sale the community averaged 93.9% occupancy over the prior twelve months […]
News Release: ESI Arranges Sale of Illinois Seniors Housing Portfolio for $32.6M
Evans Senior Investments (ESI) successfully represented the sale of four assisted living and memory care facilities known as the Legacy Place Portfolio for approximately $32,632,000 ($163,000 price per unit). The portfolio consisted of four facilities encompassing 200 total seniors housing units (51 memory care units and 149 assisted living units). All four facilities were located […]