Transactions: High demand: MOB sells for a record $1,367 PSF, sub-4% cap
137 signed NDAs, 13 bid and a USC-leased Newport Beach, Calif., facility sold for $41 million By John B. Mugford Prices for medical office buildings (MOBs) occupied by strong tenants, including credit-rated health systems, continue to increase, in some cases rising to levels unimaginable not too long ago. A case in point can be found […]
Feature Story: Pandemic could push MOB sales volumes even higher
Panelists in Revista webcast discuss ways in which the crisis has changed deal-making By John B. Mugford Plenty has been written and said about the positive light that the COVID-19 pandemic has shed on medical office buildings (MOBs), including the fact that they have performed better and attracted interest from a wide range of investors […]
News Release: Ridgeline Capital Partners Acquires Medical Office Building in Mesquite, TX
FOR IMMEDIATE RELEASE April 26, 2021 Dallas, Texas – Ridgeline Capital Partners (“Ridgeline”), an owner of healthcare real estate, is pleased to announce that the firm has closed on the purchase of the 65,000 square-foot, three-story Physicians Specialty Center in Mesquite, TX in a joint venture with Harrison Street, one of the leading investment management […]
News Release: Recently Sold – Lake Health Beachwood Medical Center, Beachwood, OH
Newmark Global Healthcare Services Recently Sold: Lake Health Beachwood Medical Center Beachwood, OH Sold Date: 4.15.21 Sale Price: $58,250,000 Square Feet: 69,800 Description: A surgical hospital focused in orthopedics, urology, spine, general surgery and pain management Brokers: Todd Perman, CCIM Vice Chairman Global Healthcare Services 678.521.3454 tperman@ngkf.com Jay Miele Senior Managing Director Global Healthcare Services […]
News Release: CIT Serves as Sole Lead Arranger on $19.3 Million Financing for Texas Health Center
NEW YORK — April 22, 2021 — CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a $19.3 million loan to finance the acquisition of the Sugar Creek Health Center in Sugar Land, Texas. The Sugar Creek Health Center, an 84,646-square-foot medical office building located approximately […]
News Release: Hanley Investment Group Sells Portfolio of Four Single-Tenant Properties Leased to Fresenius Kidney Care for $9.8 Million in Indiana and Texas
Press Release Published: April 22, 2021 at 11:07 a.m. ET Apr 22, 2021 (AB Digital via COMTEX) — INDIANA & TEXAS – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has arranged the sale of four properties that […]
News Release: Montecito Acquires New Medical Office Building Near Indianapolis
FOR IMMEDIATE RELEASE April 22, 2021 Nashville, Tenn. — Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of a new, fully occupied medical office building in the Indianapolis area. The property, located in the affluent suburb of Zionsville, encompasses 12,294 square feet. The building, completed in 2020 […]
News Release: BMO Harris Healthcare Real Estate Finance provides a $6.7 Million Credit Facility for Caddis Healthcare Real Estate
BMO Harris Bank’s Healthcare Real Estate Finance group announces that it has closed on a $6.7 million term loan to Caddis Healthcare Real Estate for the acquisition of one medical office building located in Clayton, NC (Raleigh MSA) and totals 28.5K SF. The building is currently 100% occupied and features strong anchor tenants, such as […]
News Release: Investor purchases MOB near Texas Medical Center in Houston
JLL Capital Markets led sales and financing efforts for Bellaire Medical Plaza; continues to see demand for well-located medical office properties HOUSTON – Apr. 21, 2021 – JLL Capital Markets announced today that it has closed the sale and arranged financing for Bellaire Medical Plaza, a 58,517-square-foot medical office building near the Texas Medical Center […]
News Release: Orthopedic-anchored MOB trades in northwest Atlanta
JLL Capital Markets led sales efforts for Georgia Bone & Joint, sees continued investor interest in healthcare sector CHARLOTTE – April 21, 2021 – JLL Capital Markets announced today that it has closed the sale of Georgia Bone & Joint MOB, a 55,355-square-foot medical office building in the northwest Atlanta metro community of Cartersville, Georgia. […]
News Release: NHI Enters Into $50 Million Mezzanine Loan with Montecito Medical Real Estate
Tuesday, April 20, 2021 5:00 PM MURFREESBORO, TN / ACCESSWIRE / April 20, 2021 / National Health Investors, Inc. (NYSE:NHI) announced that it has entered into a $50 million mezzanine loan agreement with Montecito Medical Real Estate for a new medical office building fund named Montecito Two Rivers Fund, LLC (the “Fund”). The Fund will […]
News Release: $31,200,000 Medical Office Building Sale (Fort Myers, Fla.)
Fairfield Advisors announces sale of Medical Office Building Portfolio in Fort Myers, Florida – $31,200,000 Transaction – (Denver, CO. ) – Fairfield Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the sale of the Physicians Primary Care Medical Office Building portfolio. The Medical Office Buildings are located in Cape Coral […]
News Release: Anchor Health Properties Grows Footprint in Dominant Tennessee Medical Corridor with 106,969 Square Foot Acquisition
FOR IMMEDIATE RELEASE April 19, 2021 (Media, PA) Anchor Health Properties (Anchor), a national full service healthcare real estate development, management, and investment company focused exclusively on healthcare facilities, has recently closed on the acquisition of two Class A clinical medical office buildings totaling 106,969 square foot portfolio located in the Wolf River / Germantown […]
News Release: Newport Harbor Medical Plaza Sells for $41 Million (Newport Beach, Calif.)
Transaction Sets Record Price PSF in Orange County April 19, 2021 9:00 AM Newmark announces it has facilitated the sale of Newport Harbor Medical Plaza in Newport Beach, CA for $41 million, approximately $1,367 per square foot. The Class A, three-story medical office building, is 100 percent leased to USC’s Keck School of Medicine. Newmark’s […]
For Sale: On-Campus Medical Office Portfolio in Central Denver
CBRE Rare Value-Add Opportunity Entire Campus Medical Office Building Portfolio Anchored by Investment Grade Credit Health System DENVER. COLORADO L PORTER MEDICAL PLAZA Porter Adventist Medical Office Building Portfolio Porter Medical Plaza I Harvard Park East MOB I Harvard Park West MOB Offering Overview OFFERING PRICE: Best Offer PROPERTIES: 3 TOTAL SIZE: 253,984 RSF LOCATION: On-Campus PERCENT LEASED: 73% WALT: 3.8 […]