Transactions: Griffin-American acquires medical complex near Philly for $24.8 million
CHESTER COUNTY, Pa. – Griffin-American Healthcare REIT III Inc. has acquired a three-building, 99,059 square foot medical office complex on 9.7 acres adjacent to Main Line Health System’s Paoli Hospital campus for $24.8 million.
Transactions: HFF arranges refinancing for famed One Hundred Oaks mixed-use and medical mall
NASHVILLE, Tenn. – Before the repurposing of retail space for medical use became commonplace, the One Hundred Oaks facility in Nashville was considered one of the first, best and – for many years – only examples of the successful implementation of that strategy.
Transactions: Bye, bye, bio. Hello, more healthcare.
Health Care REIT plans to sell its life sciences holdings and reinvest in HRE By Murray W. Wolf In today’s low interest rate environment, it can be difficult to find moderate-risk investments that will deliver double-digit returns. But Toledo, Ohio-based Health Care REIT Inc. (NYSE: HCN) appears to have done just that with its investment […]
Transactions: Dallas-based partnership acquires 116,875 square foot multi-tenant medical office
DALLAS – A local partnership recently acquired the two-story, 116,875 square foot Northpoint Medical Arts building, a multi-tenant MOB in Dallas for an undisclosed price.
Transactions: MBRE fund makes $131M MOB buy
Chicago-based firm acquires nine-building, 401,428 square foot IBJI Portfolio By Murray W. Wolf Executives of the Chicago-based healthcare real estate (HRE) firm MBRE Healthcare say they are always on the lookout for investment opportunities. But they point out that they have properties in 23 states and it’s not necessarily their strategic priority to add assets […]
Transactions: RREEF affiliate acquires Mass General-anchored MOB for $123.3 million
BOSTON – A 10-story, 193,230 square foot MOB on the campus of Massachusetts General Hospital in Boston has been sold for $123.3 million, or about $638 PSF.
Transactions: Norvin closes $66M deal in New York
NYU to repurpose Long Island City industrial building for ambulatory care facility By John B. Mugford An affiliate of the New York-based real estate private equity firm Norvin Healthcare Properties has acquired a two-story, 45,000 square foot property in one of New York’s hottest neighborhoods in a transaction valued at about $66 million, or $1,467 […]
Transactions: Norvin closes $66M deal in New York
NYU to repurpose Long Island City industrial building for ambulatory care facility By John B. Mugford An affiliate of the New York-based real estate private equity firm Norvin Healthcare Properties has acquired a two-story, 45,000 square foot property in one of New York’s hottest neighborhoods in a transaction valued at about $66 million, or $1,467 […]
Transactions: Record MOB sales continued in Q1
First quarter volume topped $3 billion, 157% more than the same quarter last year By John B. Mugford Rest assured, there will have to be, at some point in time, a hiccup in this record-setting era of medical office building (MOB) sales.
Transactions: More Healthcare Real Estate Sales Transactions
Harrison Street Real Estate Capital recently paid $15.9 million for the Community Medical Center, a 58,455 square foot MOB at 23101 Sherman Place in West Hills, Calif. West Hills is about 30 miles northwest of Los Angeles, near Thousand Oaks. The five-story building is in an area of medical facilities surrounding the 225-bed West Hills […]
Transactions: Hammes acquires two MOBs in Kitsap County, Wash., for $33.7 million
KITSAP COUNTY, Wash. – Brookfield, Wis.-based The Hammes Co., a longtime HRE development firm that launched an equity investment fund to acquire medical facilities in 2014, recently purchased a two-MOB portfolio in Kitsap County, Wash. Hammes paid $33.7 million for properties in the cities of Port Orchard and Silverdale, both of which are about 13 […]
Transactions: The Sanders Trust enters its 20th state with $12M buy outside of Albany, N.Y.
CLIFTON PARK, N.Y. – For Birmingham, Ala.-based The Sanders Trust (TST), a recent MOB acquisition has increased the company’s presence to 20 states nationwide.
Transactions: ARC Healthcare Trust II pays $15 million for MOB in central California
HANFORD, Calif. – Aggressive buyers are looking far and wide for MOBs, as evidenced by New York-based ARC Healthcare Trust II Inc.’s recent acquisition in Hanford, a city of about 55,000 people in central California.
Transactions: Largest single-asset MOB sale ever?
HFF brokers sale of 705,601 square foot Philadelphia building to HCP Inc. for $160.5 million PHILADELPHIA – In what looks to be the highest price ever paid in the United States for a single medical office building (MOB), Long Beach, Calif.-based HCP Inc. (NYSE: HCP) has closed on the acquisition of a 12-story facility in […]
