News Release: IRET Completes Sale of Medical Office Building Portfolio
Company Release – 1/2/2018 5:40 PM ET MINNEAPOLIS, Jan. 2, 2018 /PRNewswire/ — IRET (NYSE: IRET) substantially completed the sale of its medical office building portfolio on December 29, 2017, closing on 25 properties for an aggregate sale price of approximately $367.7 million. This follows the Company’s announcement on November 30, 2017, that it entered into a purchase and sale […]
News Release: HFF Sold: Overland Park Medical Office Building
Announcing the closing of Overland Park Medical Office Building, Overland Park, Kan. HFF closes the sale of a core MOB on the campus of HCA Midwest Health Menorah Medical Center Closed: December 2017 Size: 38,496 square feet 51% tenancy affiliated with HCA High-acuity tenant services including a best-in-class ASC Situated along premiere commercial retail and […]
News Release: Inland Real Estate Acquisitions Closes the Purchase of a Medical Office Building in Illinois
Inland Real Estate Acquisitions, LLC Closes the Purchase of a Medical Office Building in Elmhurst, Illinois Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of the Edward-Elmhurst Health Center, an approximately 13,000-square-foot medical office building located on the north side of Elmhurst, Illinois, approximately 20 miles […]
Transactions: Meridian acquires MOB in Orange County, Calif.; plans to make $24 million of improvements
LAGUNA HILLS, Calif. – San Ramon, Calif.-based Meridian recently closed on the acquisition of a value-add, 57,057 square foot MOB in Laguna Hills, in Orange County, Calif. Meridian plans to invest more than $24 million into the 74 percent occupied MOB, known as The Laguna.
Transactions: DOC acquires Texas MOB for $30 million
Physicians Realty Trust buys Midland facility occupied by local health system and USPI By John B. Mugford Milwaukee-based Physicians Realty Trust (NYSE: DOC) recently acquired Legends Park, a 64,200 square foot MOB and ambulatory surgery center (ASC) complex in Midland, in West Texas.
Hot Property: A small gem in the San Gabriel Valley
Fully occupied MOB in West Covina, Calif., is within two miles of 238 restaurants Name: West Covina Medical Square Address: 1500 block W. Garvey Ave. N. West Covina, Calif. No. of buildings: 2, Square feet: 22,564 Occupancy: 100 percent, Number of tenants: Five Avg. remaining lease term: 4.79 years Brokerage: CBRE SoCal Investment Properties Brokers: Gary P. Stache, […]
Transactions: Bamboo Micro Equity Fund I acquires 52,000 square foot MOB outside of St. Louis
SUNSET HILLS, Mo. – Chesterfield, Mo.-based Bamboo Equity Partners, which manages $450 million worth of real estate in the Midwest, recently acquired an MOB in Sunset Hills, outside of St. Louis, through its Bamboo Micro Opportunity Fund I LP.
Transactions: Montecito acquires newly constructed, 16,500 square foot MOB near Nashville, Tenn.
MT. JULIET, Tenn. – In more news from Montecito Medical Real Estate, the firm announced recently that it acquired the 16,500 square foot Saint Thomas – Mt. Juliet MOB in rapidly growing Mt. Juliet, near Nashville.
Transactions: Welltower lands MOBs in Florida
Tenant is large physician group with 50-plus locations in Greater Tampa area By John B. Mugford For the most part, the country’s largest healthcare-focused real estate investment trusts (REITs), those with portfolios worth hundreds of millions of dollars, are not all that interested in making smaller acquisitions of one or two medical office buildings (MOBs) […]
Transactions: Flagship Healthcare acquires ASC in Holly Springs, N.C., 7th facility in its second fund
HOLLY SPRINGS, N.C. – Charlotte, N.C.-based Flagship Healthcare Properties in October acquired the newly completed Holly Springs Surgery Center at 600 Village Walk Drive in Holly Springs for $6.8 million, according to data from Real Capital Analytics (RCA) Inc.
News Release: Avison Young Arranges Sale of Assisted Living Community in Maryland
PERRY HALL, Md. (Dec. 14) – Avison Young announced today that it has arranged the sale of Quail Run Assisted Living, a 64-unit community in Perry Hall, Md. Birchwood Health Care Properties purchased the assisted living-memory care community. Representing the seller were Avison Young’s Dan Baker, vice president, and Jim Kornick, principal. The owner and […]
News Release: Hammes Partners announce closing of Fund III
Hammes Partners holds final close on $687 Million healthcare real estate fund MILWAUKEE, December 19, 2017 – Hammes Partners, a private equity firm focused exclusively on the U.S. healthcare real estate market, has announced the over-subscribed final closing of Hammes Partners III, LP (the “Fund”). Hammes is pleased to have reached its hard cap, with […]
News Release: H2C Advises Phoebe Putney Health System on its Sale of Phoebe Senior Living at Morningside to Care Investment Trust
FOR IMMEDIATE RELEASE NEW YORK — December 15, 2017 — Hammond Hanlon Camp LLC (“H2C”), a healthcare focused strategic advisory and investment banking firm, served as the exclusive financial advisor to Phoebe Putney Health System (“Phoebe”) on the sale of Phoebe Senior Living at Morningside (“Morningside” or the “Community”) to Care Investment Trust (“CIT”), a real estate […]
News Release: Moline, Ill.: IPA Brokers $11.6M Medical Office Building Sale
FOR IMMEDIATE RELEASE IPA Brokers $11.6 Million Medical Office Building Sale MOLINE, Ill., Dec. 14, 2017 – Institutional Property Advisors (IPA), a division of Marcus & Millichap, (NYSE: MMI) announces the sale of Heartland Clinic and Ambulatory Surgery Center, a 34,020-square-foot medical office building located in Moline, Illinois. The asset traded for $11.6 million, which […]
News Release: Montecito Medical Acquires Two Wisconsin Medical Office Buildings Occupied by State’s Leading Care Provider
December 14, 2017 06:00 AM Eastern Standard Time NASHVILLE, Tenn.–(BUSINESS WIRE)–Montecito Medical, a premier owner of medical office properties throughout the U.S., has recently completed the acquisition of a portfolio of two, Class-A medical office buildings with ambulatory surgery centers in the greater Milwaukee, Wisc., area. The facilities total 129,629 square feet and are 100% […]