Transactions: German pension fund makes big buy
Blackhawk on Halsted, with 93,000 square feet of medical, sells for $130 million By John B. Mugford As demand for medical properties has soared in recent years, foreign investors have joined the fray of those interested in and making strong bids on the product type.
Transactions: JLL Income Property Trust pays $27 million for new MOB in the heart of Orange County, Calif.
SAN JUAN CAPISTRANO, Calif. – Chicago-based JLL Income Property Trust recently paid $27 million, or $671 PSF, for San Juan Medical Center.
Transactions: Gyrodyne sells MOB in Fairfax, Va., to JAG Associates LLC for $14 million
FAIRFAX, Va. – St. James, N.Y.-based Gyrodyne LLC (Nasdaq: GYRO) recently sold a 57,621 square foot MOB in Fairfax for $14 million, or $243 per square foot (PSF), according to information from Real Capital Analytics (RCA) Inc.
Transactions: Hammes Partners II makes a pair of separate buys for a total of $48.9M
BROOKFIELD, Wis. – Brookfield, Wis.-based Hammes Co.’s second healthcare real estate fund, Hammes Partners II, recently made a couple of separate acquisitions of more than $20 million apiece.
Transactions: Montecito Medical acquires MOB in Kingston, Tenn., in a $55.9 million sale-leaseback
KINGSPORT, Tenn. – Brentwood, Tenn.-based Montecito Medical recently acquired a large, fully occupied MOB in Kingsport, in the far northeastern part of the state, in a sale-leaseback transaction.
Transactions: More Healthcare Real Estate Transaction News
HSA PrimeCare, the healthcare real estate division of Chicago-based HSA Commercial Real Estate, recently acquired Elizabeth Park South Medical Center, a 42,040 square foot MOB at 70th Street and Pioneers Boulevard in Lincoln, Neb. HSA did not disclose the price, but county records indicate that it was about $8.8 million. The facility is occupied by […]
Transactions: Global Medical REIT making inroads
Founded in 2014, HRE buyer is focused on American and international markets By John B. Mugford A relative newcomer to the healthcare real estate (HRE) space – a publicly traded real estate investment trust (REIT) that says it looks to acquire “healthcare providers’ core real estate assets worldwide” – recently made another purchase in the […]
Transactions: Harrison Street acquires Chicago MOB for $31.4M from MedProperties Group
CHICAGO – Harrison Street Real Estate Capital LLC has been quite busy lately, as it recently completed the $1.9 billion acquisition of Campus Crest Communities Inc. (NYSE: CCG).
Transactions: HFF brokers sale of MOB near New Orleans; closes others as well
GRETNA, La. – The Feil Organization, an investment, development and management firm based in New York City, recently acquired the Meadowcrest Professional Building on the campus of the 180-bed Ochsner Medical Center – West Bank Campus in Gretna, La.
Transactions: Farley White affiliate acquires two-building MOB complex in Naples, Fla., for $15.8 million
NAPLES, Fla. – An affiliate of Farley White Interests, a Boston-area owner of commercial real estate, closed in February on the acquisition of a two-building MOB complex in Naples for about $15.8 million, or about $207 PSF.
Transactions: New private equity fund Prime Property Investors I launches and makes first acquisitions
NORTHBROOK, Ill. – Prime Property Investors Ltd. has launched Prime Healthcare Investors (PHI), a group of private equity funds created to acquire triple net-leased healthcare real estate (HRE) nationwide.
Transactions: HTA buys six assets for nearly $162M
Public REIT acquires medical and office buildings in three separate transactions By Murray W. Wolf Healthcare Trust of America Inc. (NYSE: HTA) acquired six medical and office buildings in three separate transaction totaling nearly $162 million and 726,525 square feet during the first quarter (Q1) of 2016.
Transactions: Meridian acquires MOBs for $37.5M
Two-building Pasadena, Calif., complex is the firm’s biggest purchase so far By Murray W. Wolf Meridian Property Co. recently closed on the $37.5 million acquisition of the 115,000 square foot Cotton Medical Center complex in Pasadena, Calif. It was the San Ramon, Calif.-based healthcare real estate developer-owner’s largest acquisition to date and its eighth medical […]
Transactions: Universal Health Realty Income Trust acquires Alabama MOB for about $10.1 million
MADISON, Ala. – Universal Health Realty Income Trust (NYSE: UHT) of King of Prussia, Pa., closed in March on the acquisition of the three-story, 30,096 square foot Madison MOB for about $10.1 million, or about $336 per square foot.
Transactions: Greenlaw Partners and UBS acquire California MOB from Ventas for $34.5 million
LAGUNA HILLS, Calif. – A joint venture (JV) of Greenlaw Partners and a fund advised by UBS Realty Investors LLC recently acquired Saddleback Valley Medical Center in Laguna Hills for $34.5 million, or $256 per square foot (PSF).