News Release: Strawberry Fields REIT Acquires A Rehabilitation and Nursing Facility for $21.8 Million
SOUTH BEND, Ind.—September 11, 2017—Strawberry Fields REIT LLC (Strawberry Fields), an owner and lessor of nursing homes, long-term acute care hospital facilities and medical office buildings in the Midwestern and Southern U.S., today announced it has acquired a rehabilitation and nursing facility for $21.8 million. This acquisition was financed with a $15 million loan from […]
News Release: Just Closed – Medical Office Complex in Houston Metro
The JLL Healthcare Capital Markets Group is pleased to announce the sale of Sugar Land Medical Pavilion, a medical office complex consisting of three multi-tenant medical office buildings in the desirable Sugar Land submarket of Houston, Texas. The properties are strategically situated within five miles of three hospital campuses with anchor tenants including The University […]
Industry Pulse: More details emerge on CBRE Global Investors’ massive medical office portfolio acquisition
LOS ANGELES — More details have emerged in the large medical office building (MOB) portfolio acquisition that was announced Aug. 16 by Los Angeles-based CBRE Global Investment Partners (CBRE GIP), an independently operated affiliate of CBRE Group Inc. (NYSE: CBG). (CBRE GIP invests on behalf of its clients, not for any CBRE entity, and it operates independently […]
News Release: Just Closed – CareNow Urgent Care – Dallas, TX
Closing Highlights Successfully Diversified Buyer into a High Quality Long Term Cash Flowing Real Estate Asset Performed Extensive Property Search across Key U.S. markets Beat out competing offers based our track record of closing and strong broker relationships Why Was This Deal Attractive Single Tenant NN – CareNow Urgent Care with High End Medical Build-out […]
News Release: SOLD – Shea Medical Plaza
JLL is pleased to announce the sale of Shea Medical Plaza Scottsdale, Arizona $11,653,110 42,439 s.f. – $274.58 p.s.f. Buyer: Woodside Health Seller: Irgens Partners, LLC Medical office building, single-story, above ground and underground parking, 100% leased, located in the heart of Central Scottsdale, totaling 42,439 square feet closed August 10, 2017. The deal was brokered by JLL’s Dan […]
News Release: Raymond James serves as Financial Advisor to Rochester Regional Health (NY) on its $151.945M Tax-Exempt Revenue Bonds
After receiving strong support from the investor community, the System was able to lock-in a spread of 73 basis points to the 30-year MMD rate resulting in a final yield of 3.76% to a coupon of 5.00%. For additional information please click here to view the case study. About Raymond James Healthcare Finance The Healthcare Finance Group of […]
News Release: Capital One Closes $28.4 Million Loan to Refinance Florida Medical Office Building
FOR IMMEDIATE RELEASE Bethesda, Md. (August 24, 2017) – Capital One announced today that it provided a $28.4 million loan to refinance construction debt on a 122,000 square-foot, off-campus medical office building in Brandon, Fla. This is the 12th transaction that Capital One has closed with the borrower, Landmark Healthcare. Based in Milwaukee, Landmark is one […]
News Release: SG Property Services Adds Two Medical Buildings to Portfolio
SGPS Purchases Two North Fulton Medical Properties NEWS PROVIDED BY SG Property Services Aug 23, 2017, 12:31 ET ATLANTA, Aug. 23, 2017 /PRNewswire/ — SG Property Services, an Atlanta-based real estate firm with a focus on healthcare and professional office development, has acquired Johns Creek Medical and The Swan Building for a combined $11.9 million. The two properties, located at 6918 […]
News Release: Pisula Development acquires Conroe, Texas, transitional care facility in joint venture
The 150-bed, 62,000 square foot Brightpointe at Rivershire transitional care facility is optimally located west of the Conroe Regional Hospital Campus THE WOODLANDS, Texas, Aug. 23, 2017 – The Woodlands-based Pisula Development Company recently announced the acquisition of Brightpointe at Rivershire, a 62,000 square foot, 150-bed transitional care facility in the Houston suburb of Conroe, […]
News Release: Avison Young brokers $12.1-million sale of Foothills Health Center in Phoenix
Phoenix, AZ – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has brokered the $12.1-million sale of Foothills Health Center, a two-building, 53,310-square-foot (sf) medical office property within the Ahwatukee submarket of Phoenix. Avison Young’s Nicholas Pelusio and Kevin Helland, a senior vice-president and senior associate, respectively, in the […]
Thought Leaders: MOB sales continue at furious pace in 2017
Healthcare Capital Markets Perspective August 2017 The major reason was HTA’s $2.2 billion acquisition of the Duke Realty healthcare portfolio in June, leaving the balance of first half acquisitions at $3.2 billion, consistent with first half volume in 2015 and 2016 – years with record overall sales. Record MOB sales in the first half of […]
News Release: Presence Health Signs Letter of Intent with Ascension to Join AMITA Health
August 22, 2017 Ascension, the nation’s leading Catholic and non-profit health system, and Presence Health, a leading Catholic health system in Illinois, have signed a non-binding letter of intent (LOI) for Presence Health to join Ascension and become part of AMITA Health, a joint venture of Ascension’s Alexian Brothers Health System and Adventist Midwest Health, […]
News Release: Anchor Health Properties Acquires Two MOBs in San Diego market
FOR IMMEDIATE RELEASE August 22, 2017 Contact: Emily Kanter, Maven Communications ekanter@mavenagency.com; 215-434-7195 ANCHOR HEALTH PROPERTIES ACQUIRES TWO MEDICAL OFFICE BUILDINGS IN GREATER SAN DIEGO MARKET (San Diego, CA)- Anchor Health Properties (Anchor) is pleased to announce the acquisition of two significant medical office properties in the greater San Diego market. In partnership with an […]
News Release: Deal – Capital One Closes $41.1 Million First Mortgage and $5 Million Senior Credit Facility with Prestige Care
FOR IMMEDIATE RELEASE Bethesda, Md. (August 22, 2017) – Capital One announced today that it provided a $41.1 million first mortgage and a $5 million senior credit facility for Prestige Care, an Oregon-based owner and operator of independent living, assisted living, memory care and skilled nursing facilities. The company used the mortgage loan to acquire four […]
News Release: Just Sold – The Oregon Clinic Gateway Medical Office Building
Just Closed: The Oregon Clinic Gateway Medical Office Building The CBRE U.S. Healthcare Capital Markets Group acted as the exclusive advisor for the sale of The Oregon Clinic Gateway Medical Office Building in Portland, Oregon. Sale Date: August 3, 2017 Property Size: 101,142 SF Occupancy: 100% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale […]