Transactions

Transactions: CNL Healthcare Properties acquires 105,000 square foot medical clinic in Bend, Ore.

BEND, Ore. – Orlando, Fla.-based CNL Health Properties recently acquired the home of a large, independent group practice in Bend, a city of about 170,000 residents in the central part of Oregon.

Griffin-American Healthcare REIT III recently acquired the 54,545 square foot Medical Village at Mount Dora (Fla.) for $16.3 million, or $299 per square foot.
Photo courtesy of Sperry Van Ness

Transactions: G-A REIT III lands a ‘medical village’

MOB in Mount Dora, Fla., was sold by Central Florida HRE development firm By John B. Mugford Irvine, Calif.-based Griffin-American Healthcare REIT III Inc. continues to add to its portfolio, as it recently acquired what is labeled as a “medical village” in Mount Dora, Fla.

Transactions: Rendina acquires MOB in San Antonio’s South Texas Medical Center

SAN ANTONIO – Rendina Healthcare Real Estate, long known as an HRE development firm, is also on the lookout for properties to add to its portfolio through acquisitions.

833 Chestnut is a 12-story, 705,601 square foot office building across the street from Thomas Jefferson University Hospital in the heart of Philadelphia’s Center City district. The portion leased to medical tenants to about 60 percent and rising steadily.
Photo courtesy of HFF

Transactions: Largest single-asset MOB sale ever?

HFF brokers sale of 705,601 s.f. foot Philadelphia building to HCP for $160.5M By John B. Mugford 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 […]

One of the assets acquired by Griffin-American Healthcare REIT III during the first quarter was the 31,070 square foot Keller (Texas) Medical Plaza. The MOB, which was acquired from Caddis Partners, was 94 percent leased at the time of the sale. (Photo courtesy of Caddis)

Transactions: G-A Healthcare REIT III caps $353.7 million Q1

Non-traded healthcare real estate trust says it has about $509 million more in the pipeline By Murray W. Wolf Griffin-American Healthcare REIT III Inc. acquired $353.7 million worth of healthcare real estate (HRE) during the first quarter (Q1) and has about $509 million of additional transactions in the pipeline. That’s according to American Healthcare Investors […]

The five-story, 122,479 square foot Northwest Specialty Clinics building in Springfield, Ore., recently sold for $61.4 million, or slightly more than $500 per square foot. Harrison Street was the buyer and a partnership of physicians was the seller. (Photo courtesy of JLL)

Transactions: Harrison Street buys Oregon MOB

JLL represents seller in $61.4 million sale of 122,479 square foot med building By Murray W. Wolf An affiliate of Harrison Street Real Estate Capital has acquired the five-story, 122,479 square foot Northwest Specialty Clinics MOB in Springfield, Ore., for a reported $61.4 million, or slightly more than $500 per square foot (PSF).

Transactions: Colliers closes on two MOB transactions totaling more than $20 million

MT. JULIET and JOHNSON CITY, Tenn. – The Nashville office of the Healthcare Investment Services Group of Colliers International recently brokered the sales of two Tennessee MOBs.

Transactions: Foreclosed medical facility in El Paso, Texas, gets new owners

EL PASO, Texas. – A vacant El Paso medical/oncology facility that was foreclosed on in 2010 has been sold. CBRE Capital Markets announced March 16 that it has brokered the sale of the three-story, 42,750 square foot facility on about three acres at 4532 N. Mesa in the western part of the city. Scott Herbold […]

Transactions: More Transaction News

■ Jabbel Holdings LLC, which is affiliated with Lakeview Village Corp. of Garden Grove, Calif., has acquired the 46,286 square foot Harbor Shores Medical Center I at 3921 E. Baseline Road in Gilbert, Ariz., for $4.25 million. Eric Wichterman and Mike Coover of DTZ in Phoenix represented the seller. The buyer was self-represented. The property had been foreclosed on […]

Transactions: Harrison Street pays $28.5M for portfolio from ProMed, which continues its sell-off

ARLINGTON, Va. – The latest investor to capitalize on ProMed Properties’ strategic sell-off of its healthcare real estate (HRE) portfolio is Chicago-based Harrison Street Real Estate Capital.

Transactions: Columbus, Ohio, investor makes foray into San Antonio market with HRE purchase

SAN ANTONIO – Equity Inc. of Columbus, Ohio, recently acquired a two-building complex in the massive South Texas Medical Center in San Antonio.

The Davis Group recently sold this 63,500 square foot medical office building (MOB) in the western Minneapolis suburb of Minnetonka, Minn., to Milwaukee-based Physicians Realty Trust as part of a $116.3 million, eight-property MOB portfolio sale.
Photo courtesy of bdh+young

Transactions: DocREIT gains Minnesota portfolio

Physicians Realty Trust pays $116.3 million for MOBs from Minnesota HRE firm By John B. Mugford In the Twin Cities area of Minneapolis and St. Paul, Minn., the Davis Group ranks as one the most prolific developers and independent owners of medical office buildings (MOBs) of the past few decades.

Transactions: CNL Healthcare Properties lands orthopedic facility in Novi, Mich., for $30.5M

NOVI, Mich. – Orlando, Fla.-based CNL Healthcare Properties, a non-traded REIT, continues to acquire MOBs to go along with its numerous senior housing facilities.

Transactions: More Healthcare Real Estate Transactions

MB Real Estate of Chicago recently acquired the Venture Center, a 39,564 square foot MOB at 1605 Chantilly Drive in Atlanta. The $6.3 million price tag works out to $159 PSF, according to RCA. The seller was Atlanta-based Wyatt Realty Co., which had acquired the building for $3.1 million in January 2013. The three-story facility […]

Olympus Ventures, the family office of Best Buy Co. founder Dick Schulze, recently acquired the roughly 70,000 square foot Southwest Medical Village in Austin, Texas, for $26.7 million, or about $381 per square foot. The seller was Harrod Properties.
Photo courtesy of Harrod Properties

Transactions: Minneapolis buyer nabs Texas MOB

Family office of Best Buy founder Dick Schulze takes Austin asset for $26.7 million By John B. Mugford Minneapolis-based Olympus Ventures, the family office of Best Buy Co. (NYSE: BBY) founder Dick Schulze, recently acquired a newly constructed medical outpatient facility on the west side of Austin.