Companies & People: A big year for JLL’s healthcare group
As 2013 came to a close, Healthcare Capital Markets leader recapped the year By John B. Mugford It might be an understatement to say that the national Healthcare Capital Markets Group of Jones Lang LaSalle (NYSE: JLL) had a good 2013. As Mindy Berman, the managing director who heads the group, notes, “We had […]
Cover Story: The off-campus era
How it’s revolutionizing healthcare real estate By Murray W. Wolf For the benefit of the handful of readers who might be new to the healthcare real estate (HRE) sector – and with sincere apologies to those for whom this is painfully obvious – we must premise this article by stating that more and more healthcare […]
Transactions: Medical office sales soared 73% in Q3
Quarterly volume was more than $2 billion – the second biggest quarter ever By John Mugford Healthcare real estate (HRE) sales professionals had been predicting a big third quarter (Q3) of 2013 after two somewhat uneventful quarters to start out the year. Were they ever right, as Q3 sales shot up 73 percent over Q2. […]
Industry Pulse: ARC grabs big portfolio from LaSalle for $171m
JLL-affiliated firms have disposed of more than $366M in HRE properties since July In September, New York-based ARC Healthcare Trust, currently one of the most active buyers of healthcare real estate (HRE), landed the largest deal of the third quarter (Q3). ARC paid
News Release: MedSouth Healthcare Properties, LLC (MedSouth) and Sterling Fox Group, LLC are pleased to announce a joint venture acquisition of a Class A multi tenant medical office building located in Myrtle Beach South Carolina.
The property is located adjacent to Market Common, a Class A 114-acre, lifestyle center located near the Myrtle Beach International Airport. Market Common, opened in 2008, has over 370,000 square feet of shops, nearly 24,000 square feet of offices and 195 residential units. The acquisition is comprised of an approximately 20,000 SF, two story medical […]
News Release: Pomfret Estates purchases Pleasanton medical building for $6.55 million
Transwestern Brokers Sale on Behalf of Buyer and Secures Leasing Assignment (NOVEMBER 7, 2013 – PLEASANTON, CALIF.) – Transwestern today announced it brokered the sale of a medical services building at 5000 Pleasanton Ave., in Pleasanton, Calif. Bernal Associates, based in Pleasanton, sold the property to Pomfret Estates Inc., for $6,550,000. Transwestern Managing Director Ed […]
Transactions: Relationships drove Dignity deal
NexCore-Heitman JV foresees opportunities as part of $114M MOB portfolio buy By John B. Mugford As reported in the September edition of Healthcare Real Estate Insights™ , NexCore Group LLC agreed Aug. 30 to acquire the 13 buildings being offered for sale by Jones Lang LaSalle (JLL) Income Property Trust Inc. as part of the […]
Transactions: Healthcare Realty Trust buys 91,000 s.f. MOB near major hospital in Gastonia, N.C.
GASTONIA, N.C. – Large, publicly traded REITs often look to buy properties in large bunches, as individual buildings typically don’t “move the needle” enough for them. However, they do often show interest in single properties put on the market if they have other buildings in the area, which allows them to achieve economies of scale […]
Transactions: Two MOB transactions, two vastly different prices paid per foot
NEW YORK and AURORA, Colo. – If ever a case could be made supporting the adage that location means everything in real estate, two recent MOB sales fit the bill. The sales also prove that when it comes to MOBs, occupancy at the time of the offering can mean a lot, too. One of the […]
Transactions: ARC Healthcare Trust buys MOB in Richmond for $19.2 million
RICHMOND, Va. – Talk about the ultimate retail location for a healthcare facility. New York-based ARC Healthcare Trust recently acquired an MOB in
Hot Property: Say ‘aloha’ to Hawaiian MOB for sale
Facility in Kapolei, west of Honolulu, is 97% leased with Kaiser as major tenant Name: Kapolei Medical Park Address: 599 Farrington Highway City: Kapolei, Hawaii Number of buildings: 2 Square footage: 51,545 Lot size: 3.47 acres Occupancy: 97% Seller: James Campbell Co. Largest tenant: Kaiser Permanente (30%) Buildings completed: 1999 First year NOI: $1.1427 million […]
Transactions: More HRE Transactions
■ Griffin-American Healthcare REIT II Inc. recently acquired an MOB at
Industry Pulse: More deals likely for Tenet after Vanguard
Health system lands new hospitals as well as even more acquisition firepower As most people involved in healthcare are well aware, Dallas-based Tenet Healthcare Corp. (NYSE: THC) in early October closed on its acquisition of Nashville, Tenn.-based Vanguard Health Systems, which had raised $450 million in an initial public offering (IPO) in 2011.
Industry Pulse: MOBs, senior living assets on the block
SNH reports “good interest” on seven-asset MOB portfolio Healthcare real estate investment trust (REIT) Senior Housing Properties Trust (NYSE: SNH) says it is receiving “good interest” on a seven-building, 831,499 square foot medical office building (MOB) portfolio it has been marketing during the past few months. The Newton, Mass.-based firm disclosed in July that “after […]