News Release: Griffin-American Healthcare REIT III Meets Minimum Offering, Enters Agreements to Acquire Three Atlanta Medical Office Buildings
Executive stock purchase plans commence ATLANTA (May 14, 2014) – American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT III, Inc., announced today that the REIT reached its minimum offering of $2 million in subscriptions on May 12. As a result, all initial subscribers have been admitted as stockholders of Griffin-American […]
News Release: Meridian Property Company Welcomes Newest Tenant, Petaluma Health Center in Rohnert Park, Calif.
SAN RAMON, CALIF. – Meridian Property Company, a full service real estate developer and owner of medical real estate, is pleased to welcome its newest tenant, Petaluma Health Center, to the medical office building in Rohnert Park, Calif., located at 5900 State Farm Drive. Petaluma Health Center will occupy the entire second floor of the […]
News Release: Texas Center for Athletes Changes Hands
Transwestern Represented Seller, Was Retained by Buyer for Leasing and Management (MAY 6, 2014 – SAN ANTONIO) – Transwestern’s San Antonio office today announces it completed the sale of Texas Center for Athletes on behalf of Sports SA Holdings LP. The 128,347-square-foot, state-of-the-art medical office building in San Antonio’s South Texas Medical Center was 98 […]
News Release: Carter Validus Mission Critical REIT, Inc. Exceeds $1 Billion in Investment Assets
May 2, 2014, Carter Validus Mission Critical REIT, Inc. (“CVMC REIT”) announced that it acquired Walnut Hill Medical Center (“Walnut Hill”) in Dallas, TX for $99.4 million and Cypress Pointe Surgical Hospital (“Cypress Pointe”) in Hammond, LA for approximately $25 million. With these acquisitions, CVMC REIT’s portfolio of mission critical real estate assets now exceeds […]
Transactions: Another value-add MOB for N.Y. firm
Benedict Group plans to convert 47% occupied building to all medical space By John B. Mugford Fresh off successfully filling a large amount space in its first medical office acquisition, a Great Neck, N.Y.-based real estate firm is ready to take on another value-add project. The firm, Benedict Realty Group (BRG), recently acquired
Transactions: Meridian acquires value-add MOB
Sonoma County, Calif., building provides ‘rare” opportunity for medical tenants By John B. Mugford San Ramon, Calif.-based Meridian Property Co., a commercial real estate firm that focuses mostly on healthcare, recently closed escrow on the purchase of a value-add, 69,000 square foot MOB in Rohnert Park, Calif., about 50 miles north of San Francisco […]
Transactions: Griffin-American REIT II acquires MOB in Carson City, NV for $19.5M or $264 PSF
CARSON CITY, Nev. – With the largest hospital in the area as a major tenant, the off-campus, outpatient Eagle Medical Center in Carson City is a major medical destination on one of the city’s most-traveled thoroughfares. Newport Beach, Calif.-based Griffin-American Healthcare REIT II recently acquired the 73,975 square foot MOB at 2874 N. Carson St., […]
Hot Property: Portfolio hits the market in Indiana
Offering has six buildings, 170,000 square feet and a AA-rated system tenant Name: Northwest Indiana MOB Portfolio Cities: Munster, Schererville, Dyer and Hammond, Ind. Number of buildings: 6 Total square feet: 170,000 Occupancy: More than 90 percent Seller: Undisclosed Major tenant: Franciscan Alliance Lead brokers: Erik Foster, Mike Wilson Broker: Avison Young, Chicago office
Outpatient Projects: More Outpatient Projects
HSA PrimeCare announced in March that it has completed the 15,200 square foot Hawthorn Surgery Center at 240 Center Drive in Vernon Hills, Ill., a northern Chicago suburb. The tenant, Hawthorn Surgery Center, selected HSA PrimeCare as its development partner in 2012. HSA PrimeCare, the national healthcare real estate division of Chicago-based HSA Commercial Real […]
REIT Report: Some speculate about HCP merger
Analysts point to a dearth of deal making, the CEO’s firing and a ‘cheap’ stock By Murray W. Wolf Should HCP Inc. (NYSE: HCP) merge with one of the other Big Three healthcare real estate investment trusts (REITs), Ventas Inc. (VTR) or Healthcare Care REIT Inc. (NYSE: HCN)? A growing number of securities analysts seem […]
News Release: SNL Real Estate: US Equity REITS’ Capital – Raising More Than $13B YTD
As of April 4, U.S. equity REITs had generated $13.33 billion in capital year-to-date, markedly less than the $19.45 billion raised over the same period in 2013. U.S. equity REITs had raised a total of $13.33 billion in capital year-to-date as of April 4, compared to $19.45 billion raised during the same period in 2013. […]
News Release: Seavest closes $29 million long-term loan
Real estate investment management firm secures new financing for the three-story, 149,000 square foot Beaumont Medical Center in West Bloomfield, Mich. WEST BLOOMFIELD, Mich., and WHITE PLAINS, N.Y., April 9, 2014 – Seavest Healthcare Properties has closed on $29 million in new long-term financing for the Beaumont Medical Center in West Bloomfield, one of Money […]
News Release: Ensemble Real Estate Solutions completes $2.4 million sale of Camino Del Sol Dental Plaza
Phoenix, AZ (April 7, 2014) – Ensemble has negotiated the $2.4 million sale of Camino Del Sol Dental Plaza, an 8,395 square-foot medical office building located at 13802 W Camino Del Sol in Sun City West, Ariz. Tracy Altemus, Marina Hammersmith and Autumn Storm of Ensemble’s Phoenix office represented the seller in the transaction. The seller was […]
Transactions: More HRE Transactions
DealPoint Merrill, a Los Angeles-based subsidiary of the Merrill Group of Cos., last fall closed escrow on a massive MOB complex, a former hospital, in downtown Dayton, Ohio. Elizabeth Place, on the banks of the Miami River, is an 820,000 square foot medical office facility that includes more than 100 medical practices. Included on the […]
Transactions: PRT hits the ground running in 2014
Physicians Realty Trust has closed $107.4 million in deals, mostly for MOBs By John B. Mugford Milwaukee-based Physicians Realty Trust (NYSE: DOC) is continuing with its purchasing ways to kick off 2014. The publicly traded real estate investment trust (REIT) recently acquired in separate deals: a large MOB in the “Pill Hill” area of Atlanta; […]