News Release: American Realty Capital Healthcare Trust Crosses $1 Billion Mark for Acquisitions; Acquires $162.9 Million of Properties Since July 1st
New York, New York, August 2, 2013 – merican Realty Capital Healthcare Trust, Inc. (“ARC Healthcare”) announced today that it has acquired nine high quality senior living facilities located in Florida, Georgia, Tennessee, Washington and Oregon for an aggregate contract purchase price of $128.3 million, exclusive of closing costs. These purchases made up a significant part […]
News Release: Nashville based Centerre Healthcare and University of Wisconsin Hospital for partnership for new inpatient rehabilitation hospital
Nashville, TN – University of Wisconsin Hospital and Clinics, in partnership with Centerre Healthcare Corporation, today announced plans to build a freestanding inpatient rehabilitation hospital in Madison. Pending purchase of the site and required city approvals, the new hospital will be built across the street from UW Health at The American Center, the planned new […]
News Release: Nashville based Centerre Healthcare and University of Wisconsin Hospital announce partnership for new inpatient rehabilitation hospital
Nashville, TN – University of Wisconsin Hospital and Clinics, in partnership with Centerre Healthcare Corporation, today announced plans to build a freestanding inpatient rehabilitation hospital in Madison. Pending purchase of the site and required city approvals, the new hospital will be built across the street from UW Health at The American Center, the planned new campus […]
News Release: Just Closed – Lincoln Medical Center – CBRE Inc.
The CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the monetization of the Lincoln Medical Center in Parker, Colorado. Sale Date: July 29, 2013 Sale Price: $42,000,000 Price PSF: $364 Building Size: 115,362 SF Year Built: 2008 Occupancy: 91.6% The CBRE U.S. Healthcare Capital Markets Group is pleased […]
News Release: Just Closed: Advocate Medical Office Portfolio – CBRE Inc.
The CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the monetization of the Advocate Medical Office Portfolio in Chicago, Illinois. Sale Date: July 23, 2013 Portfolio Size: 408,734 SF Year Built: 1976-1996 Occupancy: 88% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the Advocate Medical Office Portfolio […]
Industry Pulse: Lillibridge/Ventas nabs Advocate MOB Portfolio
Lillibridge didn’t need to travel far to find its newest medical office portfolio acquisition. Lillibridge, and its parent company, publicly traded Ventas (NYSE: VTR), are both based in Chicago, whose metropolitan area is home to the seven buildings offered in the in the Advocate Medical Office Portfolio. Lillibridge/Ventas closed on the 408,734 square foot portfolio […]
Transactions: CNL is on the move in the MOB space
Non-traded REIT acquires Knoxville portfolio for $57.3M; enters two other markets By John B. Mugford For much of the early 2000s, CNL Retirement Properties Inc. was one of the kings of the medical office building (MOB) sector, amassing a portfolio of more than 70 facilities nationwide.
Transactions: MB takes a prize-winner in Atlanta
Chicago-based firm acquires Piedmont West MOB and land for $84 million By John B. Mugford A year after winning BOMA International’s 2012 TOBY award as the medical office building (MOB) of the year, the Piedmont West building in Atlanta has landed a new owner.
Q&A: Rendina Cos.’s remarkable rebound
It’s been a rocky road, but the pioneering development firm is once again on a roll By Murray W. Wolf Editor’s note: An edited version of this article appeared in the July 2013 edition of Healthcare Real Estate Insights™. What follows includes a complete transcript of the interview with Richard Rendina. This doesn’t seem like it […]
Transaction: Griffin-American Healthcare REIT pays $35.5 million for two MOBs in Chicago area
HINSDALE, Ill. – Griffin-American Healthcare REIT II Inc. recently closed on the acquisition of a two-building, 169,078 square foot MOB portfolio in Hinsdale, a Chicago suburb near Downers Grove. The unlisted Newport Beach, Calif.-based REIT paid $35.5 million for the facilities, according to information from New York-based Real Capital Analytics (RCA) Inc. That price equates […]
Transactions: Phoenix-based Cole REIT buys new MOB for $24.3 millimon in Concord, Mass.
CONCORD, Mass. – A newly developed MOB in Concord was recently sold to Phoenix-based Cole Corporate Income Trust (CCIT), an unlisted REIT, for $24.3 million, or about $496 PSF. According to RCA, the capitalization (cap) rate, an estimated return, was 6.6 percent. The REIT, which is part of Cole Real Estate Investments Inc. (NYSE: COLE), […]
Transactions: Los Angeles MOB garners a whopping price of $847 per square foot
LOS ANGELES – A once-speculative Los Angeles MOB that now houses the DaVita Westwood UCLA Dialysis Clinic recently fetched a whopping $847 PSF in a transaction that closed in recent weeks. The sale price for the three-story, 17,825 square foot building at 10630 Santa Monica Blvd. was $15 million.
News Release: Medical Office Building Assets Continue to Outperform Other Sectors
Strong leasing fundamentals, plentiful capital and limited supply of product continue to fuel aggressive pricing for good-quality medical office properties. NEW YORK – July 24, 2013 – Cushman & Wakefield today released the results its 2013 Medical Office Building Investor (MOB) Survey which tracks the opinions of a broad range of lenders, brokerage professionals and […]
News Release: Cushman & Wakefield Arranges 36,000 Square-Foot Sublease at 10 Exchange Place
CarePoint Health will Occupy Full Floor at Premiere Waterfront Property JERSEY CITY, N.J., July 23, 2013 – Commercial real estate services firm Cushman & Wakefield, Inc. has completed a 36,000-square-foot, full-floor sublease from Rabobank to CarePoint Health at 10 Exchange Place, on Jersey City’s Hudson River waterfront. Dan Johnsen, Robert Rudin, Michael Burgio, Daniel Organ, Robert […]
News Release: Just Closed: FCH Medical Building, Metropolitan Atlanta – CBRE Inc.
The CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the monetization of the FCH Medical Building adjacent to the Piedmont Fayette Hospital campus in Fayetteville, Georgia. Sale Date: July 16, 2013 Sale Price: $15,900,000 Price PSF: $256 Building Size: 62,106 SF Year Built: 2004 Occupancy: 100% The CBRE U.S. Healthcare Capital Markets Group […]