Industry Pulse: Record MOB prices not here to stay
Recent interest rate changes give pause to some investors. Despite record-high medical office building (MOB) prices, recent interest rate fluctuations show that those prices won’t be around forever. That’s according to most recent Medical Office Investor Update report from CBRE.
News Release: GE Capital Provides $89 Million in Medical Office Building Financing to MB Real Estate
BETHESDA, MD – June 24, 2013 — GE Capital, Healthcare Financial Services announced today that it has provided $89 million in senior secured financing to MB Real Estate. The financing will be used to support the purchase of a medical office building in Atlanta, GA. “GE Capital has proven to be a reliable debt […]
News Release: CNL Healthcare Properties Acquires Indiana Cancer TreatmentT Center
(ORLANDO, Fla.) June 20, 2013 — CNL Healthcare Properties, an investment offering focused on senior housing and healthcare real estate, has acquired the LaPorte Cancer Center, a freestanding comprehensive cancer care center in Westville, Ind., from Holladay Properties for $13.1 million. The 30,268-square-foot property is fully leased on a long-term, triple-net basis by the largest […]
News Release: CNL Healthcare Properties Acquires Indiana Cancer Treatment Center
CNL Healthcare Properties has acquired the LaPorte Cancer Center, a comprehensive cancer care center in Westville, Ind., for $13.1 million from Holladay Properties.The property totals 30,268 square feet and is fully leased on a long-term, triple-net basis by the largest independent oncology practice in Indiana. The LaPorte Cancer Center was purpose-built in 2010 by Holladay […]
Thought Leaders: CBRE 1Q 2013 National Medical Office Investor Update
CBRE 1Q 2013 National Medical Office Investor Update Included in this edition: • Overview of 1Q 2013 MOB Transactions • National Medical Office Cap Rate Trends • National Medical Office Sales Volume • Healthcare REITs Down, Not Out • Overview of 1Q 2013 MOB Transactions It’s widely known that REITs, as dividend generating stocks, are […]
News Release: Fairfield Advisors announces successful closing of Memorial Hermann Medical Office Building in Houston, TX- $13.3M Sale
Denver CO & Houston TX / PR Newswire (June 6, 2013) – Fairfield Asset Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the successful sale of the Memorial Hermann Medical Office Building located at 14201 E Sam Houston Parkway in Houston. The Memorial Hermann Health System is the largest […]
News Release: Fairfield Advisors announces successful closing of Mountain Top Medical Office Building
Denver CO & Wilkes Barre PA / PR Newswire – Fairfield Asset Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the successful sale of the Mountain Top Medical Office Building located in Wilkes Barre, PA. The Moutain Top Medical Office Building is anchored by the Wilkes Barre General Hospital as […]
News Release: Newmark Grubb Knight Frank: Recently Closed Transaction: MHO Onocology Center – Northwest Indiana
Investment Highlights Michael Bennett of Newmark Grubb Knight Frank acted as exclusive advisor on the sale of the MHO Oncology Center, located in Northwest Indiana. The Property was 100% occupied by Michiana Hematology Oncology and operates in partnership with IU Health LaPorte Hospital. The 20 Year NNN Lease had 17 years remaining at the time of sale. NGKF marketed the property to a large pool […]
News Release: Plaza Companies Lands Leasing, Property Management and Construction Services Contract For Large Class A Medical Office Building in North Phoenix
Lifeprint Health Center Owners Select Plaza for Services on 81,875 SF Building PHOENIX, Arizona (June 17, 2013) — Plaza Companies has landed a significant leasing, property management and construction services contract for a major medical office building in north Phoenix. The owners of Lifeprint Health Center, a Class A office building located at 20414 N. […]
News Release: $141 Million in Acquisitions by Griffin-American Healthcare REIT II
American Healthcare Investors Completes Acquisition of 21 Buildings for $141 Million on Behalf of Griffin-American Healthcare REIT II REIT portfolio reaches $1.56 billion in assets NEWPORT BEACH, Calif. (June 17, 2013) – American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT II, Inc., announced today the acquisition of 21 healthcare-related buildings […]
News Release: Cambridge Arranges $10.2 Million in HUD Lean Loans to Refinance Four North American Healthcare Nursing Homes in California and Utah
Cambridge Realty Capital Companies reports arranging $10.2 million in HUD Lean loans to refinance four skilled nursing home properties owned by North American Health Care, Inc. in California and Utah. Cambridge Chairman Jeffrey A. Davis said the fully-amortized loans were arranged for the owner using HUD?s Section 232 pursuant to Section 223(a)(7) funding program, which […]
News Release: Newmark Grubb Knight Frank: Recently Closed Transaction: Fresenius Medical Care
Fresenius Medical Care Goshen, IN 14,845 Square Feet Closed at $4,640,000 15 Year NNN Lease with 11+ Years Remaining 3% Annual Rent Escalations Lease Corporately Guaranteed by Fresenius Medical Care (BB+ S&P Rating) Purchased by REIT
News Release: EnTrust Realty Advisors, LLC, Arranges Acquisition of Crystal Lake Medical Arts Building by American Realty Capital Healthcare Trust
Chicago, IL – EnTrust Realty Advisors, LLC, has arranged the acquisition of the 62,000 SF Crystal Lake Medical Arts Building by American Realty Capital Healthcare Trust, Inc., a publicly-registered REIT that acquires and owns a portfolio of healthcare medical office buildings, seniors-housing and other post-acute care facilities. Located at 360 Station Drive in Crystal Lake, […]
News Release: Virtus Acquires Two Medical Office Assets
Virtus Real Estate Capital and Flagship Healthcare Real Estate Fund have acquired Professional Medical Center (PMC), an 81,570-square-foot medical office building located at 1002 North Church Street in Greensboro, North Carolina. Virtus Real Estate Capital, a leading private equity real estate sponsor, has partnered with Brentwood Capital Partners (BCP) to acquire Loker Medical Arts Pavilion, […]
News Release: CNL Healthcare Properties Acquires First Skilled Nursing Communities Portfolio for $56.4 Million
Portfolio comprises six facilities in Arkansas (ORLANDO, FL) June 6, 2013 – CNL Healthcare Properties, an investment offering focused on senior housing and healthcare real estate, has acquired six skilled nursing properties in Arkansas for $56.4 million. This portfolio marks the company’s first acquisition in the post-acute care space. “We are excited to introduce skilled […]