Transactions: Pension fund sells MOBs for $34.4M
Iowa retirement system advisor sells facilities near Philadelphia and New York An undisclosed global investment advisor acting on behalf of the Iowa Public Employee Retirement System (IPERS) recently sold two medical office properties to two separate buyers for a total of $34.4 million.
Post-Acute & Senior Living: Griffin-American Healthcare REIT IV acquires eight SNFs in Missouri for $88.2 million
Missouri – Irvine, CA-based Griffin-American Healthcare REIT IV, a non-traded real estate investment trust (REIT), recently acquired a portfolio of skilled nursing facilities in Missouri for $88.2 million. With eight facilities and 1,112 licensed beds, the Missouri Skilled
Outpatient Projects: Hospital in Council Bluffs, Iowa, breaks ground for $18 million, 60,000 s.f. on-campus MOB
Council Bluffs, Iowa – Methodist Jennie Edmundson Hospital, part of Omaha, Neb.-based Nebraska Methodist Health System, broke ground recently for a 60,000 square foot MOB that will help
Post-Acute & Senior Living: Senior housing occupancy steadies
National average was 87.9 percent in Q3, matching the lowest rate since Q2 2011 By John B. Mugford It might not be great news, but at least the occupancy rate for the country’s seniors housing facilities did not fall any farther in the third quarter (Q3) of 2018, according to Annapolis-based National Investment Center for […]
REIT Report: More MOB buys in HCP’s future?
Yes, according to the REIT’s officials during a recent Q2 earnings call with analysts By John B. Mugford So far, 2018 has been quite a busy year for Irvine, Calif.-based HCP Inc. (NYSE: HCP), a longtime health care focused real estate investment trust (REIT) that has been taking significant steps to reconfigure its portfolio. While […]
Inpatient Projects: Allegheny Health, Highmark and Emerus teaming up on micro hospital near Pittsburgh
McCandless, Pa. – As part of its $1 billion plan to expand its care offerings in western Pennsylvania, Pittsburgh-based Allegheny Health Network (AHN), which is part of insurance provider
Companies & People: Raymond James’ team advises Glens Falls, N.Y., hospital on sale of renal operations
Glens Falls, NY – The Healthcare Finance Group of St. Petersburg, Fla.-based Raymond James Financial (NYSE: RJF) recently served as the strategic advisor to Glens Falls Hospital on the sale of its dialysis operations. The buyer was Nashville, Tenn.-based Dialysis
Transactions: Montecito Medical pays $11.5 million for eye center-anchored MOB in Willmar, Minn.
Willmar, Minn. – In more news from Nashville-based Montecito Medical, the firm recently paid $11.5 million for a “Class A” MOB in Willmar, about 90 miles west of Minneapolis. Completed in 2005,
Companies & People: Welltower closes offering of $1.3 billion in senior unsecured notes; will repay loan facility
Toledo, Ohio – Toledo-based Welltower Inc. (NYSE: WELL) announced that it has closed its offering of $1.3 billion in aggregate principal senior unsecured notes across three tranches. The notes have a weighted average maturity of 15.4 years and a blended yield
Industry Pulse: On the Record
What is behind the healthcare retailization trend and will it continue? “People want convenience and high-quality care, and they want it to be easy. The trend of neighborhood healthcare locations will continue – and escalate. Neighborhood health destinations will continue to grow, including primary care, urgent health care, lab, hearing and vision services.” Patrick Carroll, […]
Companies & People: Consulting firm Ankara acquires business units from Navigant for $470 million
Washington DC – Washington-based Ankura, a business advisory and services firm, has closed on its previously announced acquisition of two business units from Chicago-based Navigant Consulting (NYSE: NCI), a well-known consulting firm in the
Transactions: Griffin-American REIT IV acquires 43,000 square foot MOB near Milwaukee for $7.6 million
Glendale, Wis. – Irvine, Calif.-based Griffin-American Healthcare REIT IV recently purchased an 80 percent occupied, 43,000 square foot MOB in Glendale, a suburb north of Milwaukee.
Industry Pulse: Two More Sizable Mob Portfolios Hit The Market
USAA Real Estate and partners are selling two MOB portfolios acquired via joint ventures If 2017 was “The Year of the Portfolio” with respect to the total dollar volume of multi-asset medical office building (MOB) transactions, 2018 might be shaping up to be “The Year of the Portfolio” in terms of the sheer number of MOB […]
Post-Acute & Senior Living: Unnamed investor pays $15 million for 211-bed skilled nursing facility in Tucson, Ariz.
Tucson, AZ – Avalon Southwest Health & Rehabilitation, a 211-bed skilled nursing facility (SNF) in Tucson, recently traded for $15 million, or $71,000 per bed. The buyer was an unnamed Chicago
Inpatient Projects: Fargo, N.D.-based provider of mental health services plans $40 million replacement
Fargo, ND – Prairie St. John’s LLC, a locally based provider of mental health and substance abuse treatments, recently announced plans for a $40 million, 128-bed facility offering residential and partial hospitalization care. The new facility would replace Prairie
