News Release: MedProperties Holdings launches second investment fund
$150 million fund will enable private equity firm to build upon and expand successful strategy employed with first fund DALLAS, April 17, 2013 – After successfully deploying the capital from its first $50 million discretionary investment fund into 12 investments in 19 healthcare facilities, Dallas-based real estate private equity firm MedProperties Holdings LLC has launched […]
Industry Pulse: Provider hit with $25.5 million fine for self-disclosed Stark violations
An announcement last week by the U.S. Department of Justice is sure to provide fresh ammo to healthcare real estate professionals who contend that one of the benefits of third-party real estate ownership is that it is a good way to avoid Stark Statute violations.
News Release: Acadia Healthcare to acquire two acute inpatient psychiatric facilities in Puerto Rico and Florida for $91.8 million
April 05, 2013 06:50 AM EDT FRANKLIN, Tenn. — (BUSINESS WIRE) — Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced that it has signed a definitive purchase agreement with Ten Broeck Tampa, Inc. and Capestrano Investment Company, Inc. to purchase two acute inpatient psychiatric facilities. Acadia will acquire the San Juan Capestrano Hospital in San […]
News Release: Griffin-American Healthcare REIT Acquires Buildings in Colorado, Georgia, Indiana and Michigan
Acquisitions in Colo., Ga., Ind. and Mich. increases portfolio to $1.42 billion NEWPORT BEACH, Calif., April 3, 2013 (GLOBE NEWSWIRE) — American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT II, Inc., announced today the acquisition of five medical office buildings by the REIT for an aggregate purchase price of approximately […]
News Release: MedProperties acquires Atrium Medical Center MOB
The 103,000 square foot medical office building is connected to the Atrium Medical Center in Middletown, Ohio, and offers convenient access and ease of use by patients and physicians MIDDLETOWN, Ohio, and DALLAS, April 3, 2013 – A new partnership of MedProperties Holdings LLC of Dallas, Texas and Equity Inc. of Columbus, Ohio, now owns […]
Transactions: HTA acquires another MOB in Dallas
This time, REIT pays $48.7M for facility on campus of physician-owned hospital By John B. Mugford In recent months, officials with Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) expressed how pleased they were to acquire a medical office building (MOB) on the campus of the physician-owned Forest Park Medical Center in Dallas. The […]
Cover Story: Advocate again
Seven MOBs on Chicago-area system’s campuses are back on the market By John B. Mugford When Advocate Health Care sold eight of its medical office buildings (MOBs) to Great Lakes REIT in 2002, it was a historic deal – one of the first large hospital-driven real estate monetizations. Now, 11 years later, seven of those […]
Cover Story: A concise history of the Advocate MOBs
A pioneering monetization was just the beginning of this portfolio’s storied history ■ July 11, 2002. Oak Brook, Ill.-based Great Lakes REIT confirms that it has agreed to buy a portfolio of eight medical office buildings (MOBs) from Advocate Health Care, a Chicago-based health system.
Cover Story: What’s included in the Advocate Medical Office Portfolio
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Feature Story: Independence day
Privately held Cornerstone Cos. says it is doing just fine on its own By John B. Mugford When capital-rich suitors came calling in recent years, many smaller healthcare real estate firms (HRE) succumbed to the temptation to partner or be acquired. But one regional HRE firm that has no plans to sell is Indianapolis-based Cornerstone […]
News Release: Griffin-American Healthcare REIT II Reports Fourth Quarter and Year End 2012 Results
Media Contact: Damon Elder delder@ahinvestors.com (949) 270-9207 Portfolio triples in size to $1.325 billion, based on aggregate acquisition price Company generates record net operating income and normalized modified funds from operations Annualized investor distribution rate increased twice NEWPORT BEACH, Calif. (March 19, 2013) – Griffin-American Healthcare REIT II, Inc. today announced operating results for the […]
Companies & People: Transwestern brokers 17,000 s.f. medical office lease in repurposed office complex
SAN RAMON, Calif. – Transwestern’s East Bay, Calif., office recently brokered a long-term lease of more than 17,000 square feet of medical office space in a newly repurposed two-building complex in San Ramon, Calif. The new tenant is IntegraMed America, a specialty healthcare services provider, which signed a lease at the Park Place Medical Building, […]
Transactions: Broadstone Real Estate buys three MOBs on Florida’s Gulf Coast for $16 million
SARASOTA, Fla. – Rochester, N.Y.-based Broadstone Real Estate LLC recently paid $16 million for three MOBs on the Gulf Coast of Florida; two in Sarasota and one in nearby Englewood. The investor acquired the properties through a subsidiary, Broadstone GCSC Florida LLC. With a total of 46,854 square feet, the three properties commanded a PSF […]
Transactions: The Sanders Trust pays $13M for recently completed MOB near Austin, Texas
KYLE, Texas – Birmingham, Ala.-based The Sanders Trust (TST) has purchased the recently completed Kyle Medical Plaza in Kyle, about 15 miles south of Austin, Texas. TST paid $13 million for the 42,000 square foot standalone facility, which includes among its tenants the five-operating room Hays Surgery Center. The facility also is home to MRI […]
Transactions: Buyer pays $10.4 for on-campus MOB in Tacoma, Wash.
TACOMA, Wash. – Citing optimism about the healthcare market in the South Puget Sound area, Olympia, Wash.-based Berschauer Group, a commercial real estate construction and development firm, recently acquired a local on-campus MOB. The company paid $10.4 million for the 97,590 square foot Allenmore B building on the campus of Multicare Health System’s Tacoma Hospital, […]