News Release: MOB Financing – Closed
MRXE, led by Michael Bennett partnered with Jim McMahon and Erik Tellefson for senior and mezz financing on The Parkway MOB, a 130,000 SF class A medical office building. Total proceeds exceeded $30,000,000. MRXE Capital Markets sources debt, mezz, preferred equity, structures joint-ventures, and handles investment sales in the medical real estate sector. MRXE Capital Markets […]
TRANSACTIONS: Anchor Health Properties adds to San Diego portfolio with two acquisitions
SAN DIEGO – Wilmington, Del.-based Anchor Health Properties is continuing its growth mode, as the company that once focused most of its efforts on healthcare developments has emerged as a significant player in the MOB acquisitions arena.
TRANSACTIONS: DOC to acquire more Minnesota MOBs
Physicians Realty Trust agrees to buy additional facilities from developer Davis By John Mugford When Milwaukee-based Physicians Realty Trust (NYSE: DOC) acquired a portfolio of eight medical office buildings (MOBs) from The Davis Group in early 2015, officials with both firms said the transaction was likely the start of a new, ongoing relationship. That relationship is continuing this fall with a recent […]
TRANSACTIONS: Bentall Kennedy LP acquires 101,142 square foot MOB in Portland for $49.6M
PORTLAND, Ore. – When the sale of the 100 percent leased Oregon Clinic Gateway MOB in Portland was announced Aug. 18, the buyer and , the sale price were not disclosed.
News Release: Florida Orthopaedic Institute leases 29,000-square-foot space in new medical office building in Tampa area
Construction started Oct. 24 on 53,000-square-foot building being developed by Ryan Companies TAMPA, Fla. (October 25, 2017) – Florida Orthopaedic Institute has leased a 29,000-square-foot clinical suite in Brandon Gateway Medical Plaza, a 53,000-square-foot multi-tenant medical office building being developed in Brandon by Ryan Companies. Ryan Companies, which is also the architect and contractor of the project, broke […]
Cover Story: Perfect Storm – The inside story of MedProperties’ acquisition of the Harrison Street Portfolio
MedProperties’ recent $230 million acquisition of the Harrison Street Portfolio was unusually large and complex, involving three sellers, 18 properties in 10 states, intense time pressure, and unconventional financing. Now throw in two hurricanes, a cyber-attack, two new babies, a failed phone system, a trip to the emergency room, and a few more surprises, and it’s […]
Transactions: Capital One provides $68M loan for previously announced Anchor Health acquisition
BETHESDA, Md. – In more news from Capital One, HREI™ has learned that Wilmington, Del. based Anchor Health Properties had acquired the two-building, 206,000 square foot Chancellor Park Medical Campus in La Jolla, Calif.
Transactions: Capital One provides financing for West Coast senior housing owner to acquire four facilities
BETHESDA, Md. – Vancouver, Wash.-based Prestige Care Inc. recently acquired four senior housing and skilled nursing facilities (SNFs) in Washington and Idaho, financing the purchases by refinancing three facilities it owns in Oregon and Washington. Bethesda, Md.-based Capital One Healthcare provided a $41.1 million first mortgage and a $5 million senior credit facility for Prestige Care.
Transactions: Capital One provides $28.4 million refinancing for Landmark’s 122,000 s.f. MOB near Tampa, Fla.
BRANDON, Fla. – Bethesda, Md.-based Capital One Healthcare recently provided a $28.4 million loan to refinance construction debt on a 122,000 square foot, off-campus MOB in Brandon that was purpose-built for Tampa (Fla.) General Hospital.
Transactions: Meridian acquires value-add MOB in Phoenix, paying nearly $5 million for ‘landmark’ facility
PHOENIX – Santa Rosa Calif.-based Meridian, which often acquires and upgrades medical facilities, has purchased Grunow Memorial Medical Center, a “landmark” 51,150 square foot MOB at 926 East McDowell Road in Phoenix.
Transactions: Pisula Development Company, Harrison Street JV acquires Texas, transitional care facility
THE WOODLANDS, Texas – The Woodlands-based Pisula Development Company announced Aug. 23 the acquisition of Brightpointe at Rivershire, a 62,000 square foot, 150-bed transitional care facility in the Houston suburb of Conroe, Texas.
Transactions: Ventas was seller in previously announced sale of four-building San Antonio MOB portfolio
SAN ANTONIO – On Aug. 9, Healthcare Real Estate Insights™ reported that a portfolio of four large MOBs in San Antonio had been acquired by a partnership comprised of MLL Capital, Artemis Real Estate Partners and Ackerman & Co.
Transactions: Urgent care center in Dallas changes hands; Sun Commercial represents buyer
DALLAS – The Investment Services Group at Las Vegas-based Sun Commercial Real Estate recently represented the buyer of a single-tenant, double-net leased CareNow Urgent Care Center in Dallas.
Transactions: MOB changes hands in Long Beach, Calif.; CBRE’s Southern California team represents the seller
LONG BEACH, Calif. – The Investment Properties Southern California team of CBRE Group Inc. (NYSE CBG) recently brokered the sale of 3530 Atlantic Ave. in Long Beach, for $4.056 million.
Transactions: Local firm acquires two MOBs for a total of $11.9 million in affluent suburbs of Atlanta
ATLANTA – Atlanta-based SG Property Services, a real estate firm focused on healthcare and professional office developments, recently acquired two MOBs in affluent Atlanta suburbs for a total of $11.9 million.