News Release: Capital One closes $33.6 million loan for Chicago-area MOB acquisition
Bethesda, Md. (July 25, 2016) – Capital One announced today that it provided a $33.6 million term loan for the acquisition of a portfolio of four medical office buildings in the Chicago area. A joint venture of Harrison Street Real Estate Capital and MedProperties Group purchased the properties. The commitment includes $26.8 million in initial […]
Cover Story: Out of the woods
Former Forest Park properties finding new life By John B. Mugford It seemed like a good idea at the time. Frustrated by what they considered to be bureaucracy and inefficiency at other local hospitals, a group of Texas physicians launched the Forest Park chain of physician-owned specialty hospitals, opening the first of six such facilities […]
Transactions: Griffin-American REIT IV, new on the scene, makes one deal, agrees to another
IRVINE, Calif. – The newest non-traded real estate investment trust (REIT) offering from California-based co-sponsors American Healthcare Investors and Griffin Capital Corp. – Irvine-based Griffin-American Healthcare REIT IV (G-A REIT IV) – recently made its initial acquisitions.
Transactions: The Sanders Trust makes MOB purchases totaling $11.2 million in New Mexico and Wisconsin
BIRMINGHAM, Ala. – Birmingham-based The Sanders Trust (TST), a healthcare real estate (HRE) firm, says it has a goal of adding anywhere from $100 million to $200 million worth of properties to its portfolio annually, be it through purchases or developments.
Transactions: VCU Health of Richmond acquires building it was occupying in the Richmond, Va., suburbs
SHORT PUMP, Va. – VCU Health System of Richmond, Va., recently acquired an MOB that it was occupying in the suburub of Short Pump, about 15 miles outside of Richmond.
Transactions: Seavest buys MOB in L.A. hot spot
Loker building is on Dignity Health campus, near Staples Center and L.A. Live By John B. Mugford The South Park district of Los Angeles is as hot as ever, with plenty of new residential units, retail stores, restaurants and entertainment options available to the growing area’s population.
Transactions: G-A REIT III makes a number of MOB and senior housing buys
IRVINE, Calif. – In more news from Irvine-based American Healthcare Investors and Los Angeles-based Griffin Capital Corp., another REIT that they co-sponsor, Griffin-American Healthcare REIT III (G-A REIT III), recently made a number of purchases to end the second quarter (Q2) of 2016.
Transactions: New York’s Mount Sinai Health System sells MOBs for $111.5M; buyer plans luxury residences
NEW YORK – The buyer of one of the priciest medical office building (MOB) deals in recent months has no history in the MOB arena, nor does it look to be entering the space.
Norvin Partners purchases fully occupied, repurposed MOB outside of Baltimore
MOUNT AIRY, Md. – The Healthcare Capital Markets Group of Jones Lang LaSalle (NYSE: JLL) recently brokered the sale of the Carroll Hospital Mount Airy MOB at 520 E. Ridgeville Blvd. in Mount Airy. The outer-ring suburb, with a population of 10,000, is about 35 miles west of Baltimore.
Transactions: Capital Square 1031, headed by Louis Rogers, makes an MOB purchase in Winchester, Va.
WINCHESTER, Va. – Capital Square 1031, a Glen Allen, Va.-based 1031 exchange investment firm headed by Louis Rogers, continues to acquire medical facilities.
Transactions: Atlanta-based Bauman & Co. acquires three MOBs in the Southeast for a total of about $25M
ORLANDO, Fla. – Atlanta-based Bauman & Co. recently paid $10.7 million for the three-story, 45,458 square foot Lake Lurna Professional Center in downtown Orlando, across from Orlando Regional Medical Center and other major health facilities.
Transactions: UCLA pays more than $10M for MOB that its health system occupies in Thousand Oaks, Calif.
THOUSAND OAKS, Calif. – Instead of continuing to pay rent for a building that it fully occupies in Thousand Oaks, the UCLA Board of Regents recently acquired a medical office building (MOB) where UCLA Health offers a number of medical services.
Transactions: HTA acquires portfolio of 29 buildings for $178M in Hartford and New Haven
HARTFORD and NEW HAVEN, Conn. – Following a strong first quarter (Q1) 2016 of acquisitions, Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) acquired a large portfolio of MOBs in Connecticut in April.
Transactions: Strong ride for MOB sales continues
Q1 sales were $1.95 billion – a strong total, but perhaps the start of slow falloff By John B. Mugford As many healthcare real estate (HRE) professionals had predicted, the strong ride for medical office building (MOB) sales continued into early 2016 after a record-setting year of 2015.
Transactions: DOC completes $202.3M in Q1 deals
Physicians Realty Trust says it expects to acquire more than planned in 2016 By Murray W. Wolf As previously reported in Healthcare Real Estate Insights™, Milwaukee-based Physicians Realty Trust (NYSE: DOC) recently announced that it had agreed to acquire 52 MOBs from Catholic Health Initiatives. (Please see “Biggest deal ever” on page 19 of the […]