Transactions: DocREIT completes several other purchases, including portfolio in Rochester, N.Y.
MILWAUKEE – In more news from Physicians Realty Trust, the REIT recently closed on five additional transactions. In the first quarter (Q1) of 2015, DocREIT made purchases totaling $234 million, closing on nine acquisitions with 23 properties in nine states. The facilities total 913,636 leasable square feet. The firm also purchased a non-medical office building […]
Transactions: Newcomer Medical Properties of America Inc. lands MOB near Denver
LONE TREE, Colo. – Nashville, Tenn.-based Medical Properties of America Inc., a privately held real estate investment company, recently acquired the two-story, 36,541 square foot Renewal Medical Center in Lone Tree, Colo.
Transactions: Carter Validus II makes HRE acquisitions in Cincinnati, Winston-Salem
TAMPA, Fla. – In more news from Carter Validus, the company’s newly formed, second non-traded REIT, Carter Validus Mission Critical REIT II (CVMCR II), recently made three purchases.
Transactions: Carter Validus taking $117M portfolio
20-building, five-state portfolio is occupied by 21st Century Radiation Oncology By John B. Mugford As of the end of March, Carter Validus Mission Critical REIT Inc. was in the process of acquiring a five-state, 20-building portfolio of medical office buildings (MOBs) that are fully occupied by Fort Myers, Fla.-based 21st Century Radiation Oncology.
Cover Story: Record-setting medical office sales reflect soaring investor demand
Both Q4 and 2014 set new records for total transaction volume By John B. Mugford Seemingly insatiable investor demand for medical office buildings (MOBs) continued unabated during the fourth quarter (Q4) of last year as the total dollar volume of transactions for both the quarter and year established new records. Back in February 2013, we […]
Transactions: NGKF helps Accretive cash in
Broker has handled four dispositions for the real estate investment firm in the past year By John B. Mugford In about the span of a year, the Global Healthcare Services team at Newmark Grubb Knight Frank (NGKF) completed the dispositions of four healthcare real estate (HRE) facilities in Southern California for Irvine, Calif.-based Accretive Realty Investment […]
Transactions: Physicians Realty Trust lands MOB across the street from hospital in New Orleans
NEW ORLEANS — Milwaukee-based Physicians Realty Trust (NYSE: DOC) recently paid $10.5 million for an eight-story MOB across the street from the 156-bed Oschner Baptist Medical Center in downtown New Orleans.
Transactions: Sanders Trust finds smaller, single assets to build its portfolio
BIRMINGHAM, Ala. – The Sanders Trust (TST), a well-known HRE investment firm that has done a number of large deals, recently demonstrated that it is also willing to make smaller acquisitions to build its portfolio of healthcare facilities. In recent weeks, TST spent a total of about $23.5 million in four transactions for five facilities. […]
Transactions: More HRE Transactions
■ A group of tenants in common (TIC) recently sold a two-story, 21,398 square foot MOB at 1800 116th Ave. in Bellevue, Wash., for
Transactions: Another record year
Annual MOB sales volume topped $8 billion for the first time in 2014 By John B. Mugford Back in February 2013, we at Healthcare Real Estate Insights™ published an article declaring that 2012 was the best year on record for medical office building (MOB) sales, as total volume topped $6 billion. As always, we used […]
Transactions: Harrison St. lands big Chicago deal
Equity investor pays $63.2 million for leasehold interest in building at Rush By John B. Mugford Harrison Street Real Estate Capital continues to find success in raising equity, as it recently topped the $1 billion mark for its fifth investment fund. It’s not doing too badly in placing that equity, either, focusing on investing in […]
Transactions: JV of Plaza Cos., USAA sells large, on-campus MOB in Phoenix for $28.3 million
PHOENIX — A joint venture of Peoria, Ariz.-based Plaza Cos. and San Antonio-based USAA Real Estate Co. recently sold what is being called a “signature” medical office building (MOB) in Phoenix for $28.3 million. The buyer of the five-story, 104,000 square foot Paradise Valley Medical Plaza is New York-based American Realty Capital (ARC) Healthcare Trust […]
Transactions: New player pays $19.9M for portfolio in Mid-Cities area of Dallas-Ft. Worth metro
ARLINGTON, Texas – A relatively new player in the MOB sector, one that acquires a variety of commercial real properties for 1031 exchange investors, is making some headway into the healthcare arena. This new player, Richmond, Va.-based Capital Square Realty Advisors LLC, led by founder and well-known commercial real estate attorney Louis J. Rogers, recently […]
Transactions: CNL Healthcare closes $238M deal
The timing was right for the sale, longtime developer Meadows & Ohly says By John B. Mugford In our September 2014 edition, Healthcare Real Estate Insights™ first wrote about a pending $238 million medical office building (MOB) transaction in which Orlando, Fla.-based CNL Healthcare Properties would acquire a portfolio of 13 medical office buildings (MOBs) […]
Transactions: CNL pays $11.3 million for 78% occupied MOB next to hospital in Margate, Fla.
MARGATE, Fla. – In more news from CNL Healthcare Properties, the non-traded REIT recently paid $11.3 million for a multi-tenant, 45,565 square foot MOB in Margate, Fla., near Fort Lauderdale along the Atlantic Coast. The REIT describes the Northwest Medical Park building, at 2801 N. State Road 7, as a “Class A” facility that is […]