Product Focus: Q1 MOB sales sank 74%
BUT SALES PROFESSIONALS REMAIN OPTIMISTIC By John Mugford Hopefully, this was just a hiccup, the disappointing MOB sales volume that kicked off 2011 – a year that many professionals had predicted would be rife with plenty of opportunities and transactions. Instead, according to statistics compiled by New York-based Real Capital Analytics (RCA) Inc., the first […]
Industry Pulse: May 2011
NAPA, Calif. – A financially troubled MOB complex in California’s wine country is getting a new lease on life thanks to its recent acquisition by White Plains, N.Y.-based Seavest Inc. Seavest’s third healthcare real estate fund, Seavest Properties III, acquired the two-building, 65,000 square foot property at 1100 Trancas St. in Napa for $11.2 million, […]
Transactions: Grubb & Ellis REIT buys five properties
INVESTMENT TRUST PAYS NEARLY $67 MILLION FOR ASSETS IN SEVERAL STATES By John Mugford With 2011 off to a seemingly slow start for healthcare facility transactions, the two most active non-traded healthcare real estate investment trusts (REITs) accelerated the sales velocity with some significant purchases in the past month or so. The two REITs making […]
Special Report: Capital markets stirring
EXPERTS GIVE THEIR VIEWS ON DEBT AND EQUITY By John Mugford In describing the state of the capital markets of the past couple of years, a panel of professionals involved in providing money to the healthcare real estate industry used terms such as “disarray,” “roller coaster” and “wilderness.” Yet, when asked about the markets during […]
Transcations: Medical Properties Trust makes buys
REIT THAT FOCUSES ON HOSPITALS BUYS N.J. ACUTE CARE FACILITY, TEXAS LTAC By John Mugford Birmingham, Ala.-based Medical Properties Trust Inc. (NYSE: MPW), a publicly traded real estate investment trust (REIT), recently paid more than $80 million to acquire the real estate assets of an acute care hospital in New Jersey and a long-term acute […]
Transactions: Duke Realty buys large Charlotte MOB
REIT PAYS $47.7 MILLION FOR MOB ATTACHED TO CAROLINAS MEDICAL CENTER By John Mugford Indianapolis-based Duke Realty Corp. (NYSE: DRE) recently entered the Charlotte, N.C., market with the acquisition of a large medical office (MOB) building. The publicly traded real estate investment trust (REIT) acquired the 190,773 square foot Morehead Medical Plaza I for $47.7 […]
Companies: M&A trend: DASCO sold
DEVELOPER NOW PART OF BIG CONSTRUCTION FIRM By John Mugford As a group of healthcare real estate professionals engaged in a discussion in 2010 concerning trends in their industry, one of the participants predicted that merger and acquisition (M&A) activity will continue to increase – not only among hospitals and health systems, but among companies […]
Transactions: Landmark portfolio, NorthMarq MOB
The Landmark portfolio ■ Jersey City MOB in Jersey City, N.J. This 67,831 square foot facility is on the campus of Jersey City Medical Center. The new MOB was completed in 2010, is 100 percent occupied and is on land owned by the hospital and leased to the building owner through a long-term ground lease. […]
Companies (January 2011)
JLL, system partner up on real estate REAL ESTATE FIRM LANDS AGREEMENT WITH BEAUMONT HOSPITALS IN MICHIGAN By John Mugford At almost every medical office building (MOB) real estate conference a professional might attend these days, there is talk of the need for efficiency and the development of cost-effective buildings. That’s because as hospitals and […]
Colony Development Partners Sells Harris Medical Park for $11.4 Million
On Campus Medical Office Building in Western NC Sold to Grubb & Ellis Healthcare REIT II Colony Development Partners, LLC, announced the recent sale of a 45,000 square foot, Class A, single-tenant medical office building in Sylva, North Carolina which had been developed by Colony Development Partners. The property sold for $11.4 million dollars to […]
Transactions: New portfolio hits market for new year
SEVEN PROPERTIES ARE LOCATED IN FOUR STATES, INCLUDING THE EAST COAST By John Mugford There are eager buyers are out there, well-capitalized and hungry to gobble up healthcare real estate. The only problem, of course, is that there just never seems to be enough product available to satisfy the appetites of those potential buyers, according […]
Transactions: HTA closes year by buying med park
$28.2 MILLION PURCHASE IN N.C. PUSHED REIT OVER $800 MILLION MARK FOR 2010 By John Mugford Heading into the fourth quarter (Q4) of 2010, Scottsdale, Ariz.-based Healthcare Trust of America Inc. (HTA) was certainly one of most active buyers of healthcare real estate and medical office buildings in the country, investing about $343 million in […]
HRE Capital handles Florida Orthopedic Institute sale/leaseback
HRE Capital is pleased to announce the completion of the following transaction Transaction Overview Healthcare Real Estate Capital LLC (“HRE Capital”) was selected as the exclusive financial advisor to the Florida Orthopedic Institute (“FOI” or “Practice”) related to the disposition of a 16,600 square foot ambulatory surgery center (“ASC”) located in Tampa, Florida. The ASC, […]
HTA acquires North Carolina MOB
Healthcare Trust of America, Inc. Acquires an Approximately 153,000 Square Foot Medical Office Park in Cary, North Carolina SCOTTSDALE, Ariz., Jan. 3, 2011 /PRNewswire/ — Healthcare Trust of America, Inc. (“HTA”), a self-managed, non-traded, real estate investment trust, announced the completed acquisition of a medical office park in Cary, North Carolina for approximately $28,200,000. The […]
Ventas subsidiary Lillibridge acquires ThedaCare portfolio
Ventas Acquires Medical Office Building Portfolio Totaling 225,000 Square Feet Transaction Represents Ventas’s First Medical Office Acquisition Under New Lillibridge Platform CHICAGO–(BUSINESS WIRE)–Ventas, Inc. (NYSE: VTR) (“Ventas”) said today that its wholly owned subsidiary, Lillibridge Healthcare Services, Inc. (“Lillibridge”), has acquired a portfolio of five class “A” medical office buildings totaling 225,000 square feet on […]