Cover Story: Buyer gets a warm reception
Physician group welcomes $141 million sale-leaseback By John B. Mugford Medical group tenant was big driver in six-building MOB portfolio deal Since its founding 17 years ago, a physicians’ group in the mid-Hudson Valley area of New York has built itself into one of the leading independent, multi-specialty physician practices in the United States. […]
Cover Story: Medical group tenant was big driver in six-building MOB portfolio deal
Since its founding 17 years ago, a physicians’ group in the mid-Hudson Valley area of New York has built itself into one of the leading independent, multi-specialty physician practices in the United States. “As (one healthcare real estate consultant) always tells me, a provider’s market share in its respective area is the key to its […]
Hot Property: Interest high in Boston-area MOB
The Musculoskeletal Center in Peabody, Mass., is 93.8 percent occupied Name: The Musculoskeletal Center Address: 4 Centennial Drive City: Peabody, Mass. Number of buildings: 1 Square footage: 38,188 Date completed: 1976 Date redeveloped: 2003 Occupancy: 93.8% Average PSF rent: $23.66/NNN First year NOI: $879,276 Suggested price: $12.295 million Brokerage firms: MANSARD, Coppola Properties PEABODY, […]
Transactions: MedSouth Healthcare Properties LLC acquires Myrtle Beach, S.C., MOB
MYRTLE BEACH, S.C. – MedSouth Healthcare Properties LLC, a relatively new company focused on acquiring healthcare properties in the Southeast, recently purchased an MOB in Myrtle Beach in a JV with Sterling Fox Group LLC. Both MedSouth and Sterling Fox Group are based in Charlotte, N.C. The JV acquired Market Commons Medical, a 20,000 square […]
Transactions: Marcus & Millichap brokers $9 million sale of Los Angeles MOB to undisclosed buyer
LOS ANGELES – An unnamed private investor recently acquired a three-story, 42,729 square foot MOB in the Granada Hills neighborhood of Los Angeles for $9 million, or $211 PSF. Representing the seller, Los Angeles-based Jamison Services Inc., was John R. Smelter, a senior director of Marcus & Millichap’s National Healthcare Real Estate Group from the […]
Transactions: San Diego medical office sells for $11.4 million to TDA Investment
SAN DIEGO – TDA Investment Group of San Mateo, Calif., in recent months acquired an MOB located within a complex of three medical buildings across the street from Alvarado Hospital Medical Center in San Diego. The firm closed on Alvarado Medical Plaza III, a three-story, 51,441 square foot MOB, for about $11.4 million, according to […]
Transactions: Sabra REIT moves into acute-care space with Texas deals
DALLAS – For the most part, Irvine, Calif.-based Sabra Health Care REIT Inc. (Nasdaq: SBRA) looks to grow its portfolio primarily through the acquisition of senior housing and memory care facilities, with a secondary focus on skilled nursing facilities (SNFs). However, it also continues to search for “opportunistic” acquisitions of other types of healthcare real […]
Transactions: G-A REIT II hits it big in December
Unlisted REIT invests more than $541 million on HRE only a single month By John B. Mugford A year ago, with an increase in capital gains taxes looming for anxious sellers, a flurry of medical office building (MOB) deals closed out 2012 and made it a record-setting year for total sales volume (dollar amount). After […]
Transactions: New publicly traded REIT, Physicians Realty Trust, continues making deals
MILWAUKEE – Physicians Realty Trust (NYSE: DOC), which raised about $123.8 million in an initial public offering (IPO) that closed in July, has made a number of significant acquisitions in recent months. According to new releases as well as data from Real Capital Analytics, the new healthcare REIT has made three separate purchases since September, […]
Transactions: Marcus & Millichap brokers $9 million sale of Los Angeles MOB to undisclosed buyer
LOS ANGELES – An unnamed private investor recently acquired a three-story, 42,729 square foot MOB in the Granada Hills neighborhood of Los Angeles for $9 million, or $211 PSF. Representing the seller, Los Angeles-based Jamison Services Inc., was John R. Smelter, a senior director of Marcus & Millichap’s National Healthcare Real Estate Group from the […]
Transactions: MedSouth Healthcare Properties LLC acquires Myrtle Beach, S.C., MOB
MYRTLE BEACH, S.C. – MedSouth Healthcare Properties LLC, a relatively new company focused on acquiring healthcare properties in the Southeast, recently purchased an MOB in Myrtle Beach in a JV with Sterling Fox Group LLC. Both MedSouth and Sterling Fox Group are based in Charlotte, N.C. The JV acquired Market Commons Medical, a 20,000 square […]
Transactions: New publicly traded REIT, Physicians Realty Trust, continues making deals
MILWAUKEE – Physicians Realty Trust (NYSE: DOC), which raised about $123.8 million in an initial public offering (IPO) that closed in July, has made a number of significant acquisitions in recent months. According to new releases as well as data from Real Capital Analytics, the new healthcare REIT has made three separate purchases since September, […]
Transactions: Sabra REIT moves into acute-care space with Texas deals
DALLAS – For the most part, Irvine, Calif.-based Sabra Health Care REIT Inc. (Nasdaq: SBRA) looks to grow its portfolio primarily through the acquisition of senior housing and memory care facilities, with a secondary focus on skilled nursing facilities (SNFs). However, it also continues to search for “opportunistic” acquisitions of other types of healthcare real […]
Transactions: San Diego medical office sells for $11.4 million to TDA Investment
SAN DIEGO – TDA Investment Group of San Mateo, Calif., in recent months acquired an MOB located within a complex of three medical buildings across the street from Alvarado Hospital Medical Center in San Diego. The firm closed on Alvarado Medical Plaza III, a three-story, 51,441 square foot MOB, for about $11.4 million, according to […]
Transactions: G-A REIT II hits it big in December
Unlisted REIT invests more than $541 million on HRE only a single month By John B. Mugford A year ago, with an increase in capital gains taxes looming for anxious sellers, a flurry of medical office building (MOB) deals closed out 2012 and made it a record-setting year for total sales volume (dollar amount). […]