REIT Report: New REIT looks to grow, diversify
Spin-off firm CareTrust has its eye on new tenants and regions, perhaps MOBs By John B. Mugford The healthcare real estate sector’s newest REIT is really not all that new, at least when it comes to being involved in senior housing facilities. However, even those involved in medical office buildings (MOBs) might want to become […]
Companies & People: JLL is marketing several offerings
Firm’s healthcare brokers also plan to put several other deals on the market By John B. Mugford Three medical office building (MOB) deals are currently on the market from the Healthcare Capital Markets Group at Jones Lang LaSalle (NYSE: JLL), including one that hit the market just recently. For one of the offerings, JLL has […]
Companies & People: Healthcare Real Estate Capital assists in three deals, opens Chicago office
NEW YORK – New York-based Healthcare Real Estate Capital (HRE Capital) was recently involved in three healthcare real estate transactions. In one of them, HRE Capital secured financing for AW Property Co. in its acquisition of a 51,681 square foot, two-MOB portfolio in Tampa, Fla. The on-campus, single-tenant MOBs have long-term lease agreements with publicly-traded […]
Companies & People: Marcus & Millichap broker closes five MOB sales in second quarter
SAN DIEGO – The second quarter proved to be a good one for one of the healthcare real estate (HRE) sector’s well-known professionals, John Smelter of Marcus & Millichap (NYSE: MMI). During the quarter, Mr. Smelter, a senior director of the firm’s Healthcare Real Estate Group in San Diego, negotiated the sale of five MOBs […]
Companies & People: As part of growth plan, Charlotte-based Brackett Flagship makes new hires
CHARLOTTE, N.C. – Charlotte, N.C.-based Brackett Flagship Properties recently added four new employees to support what it calls its “continued growth.” The new hires are C. Thorn Baccich Jr.; Ryan Dawson; Matt Schindelholz; and John Klawitter. Mr. Baccich joins Brackett Flagship Properties from Carolinas Healthcare System, where he spent four years in the system’s Real […]
Companies & People: More Company News
■ Physicians Realty Trust (NYSE: DOC), a Milwaukee-based, healthcare-focused real estate investment trust (REIT), recently named Jeff Theiler to the new position of executive VP and chief financial officer. Mr. Theiler, who reports to John Thomas, president and CEO of the REIT, most recently served as an equity research analyst focusing on the healthcare and […]
Outpatient Projects: Houston system kicks off $110 million outpatient plan at site of new campus
SPRINGSWOOD VILLAGE, Texas – As the population continues to grow in and around several master-planned communities north of Houston, the area’s hospitals and health systems are jockeying for land on which to develop new footholds.
Outpatient Projects: Rendina breaks ground for 26,000 s.f. breast center on future oncology campus
JUPITER, Fla. – Rendina Healthcare Real Estate of Jupiter recently broke ground as the project manager for a new building for Jupiter Medical Center’s future oncology campus.
Outpatient Projects: Despite legal battle, South Carolina system moves forward with MOB
SUMMERVILLE, S.C. – While Roper St. Francis Healthcare continues to be involved in a legal battle over whether it can proceed with building a new hospital in a growing area north of Charleston, S.C., it recently announced that it plans to move forward with a 60,000 square foot MOB on property it owns in the […]
Archives: June 2014
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Cover Story: Hungry for growth: Healthcare REITs are gobbling up their competitors
Public REITs are gobbling up healthcare real estate – and each other – as they angle to grow their portfolios. Ventas is poised to shore up its position as the biggest fish in the HRE pond, but other REITs are also casting about for ways to move up the food chain. By John B. Mugford […]
Transactions: ARC Healthcare Trust II lands two Florida MOBs for a total of $22.6 million
CLEARWATER, VENICE, Fla. – ARC Healthcare Trust II, a 1-year-old unlisted REIT, continued to build its portfolio in May with the acquisition of four Gulf Coast-area MOBs from a well-known Florida real estate firm.
Transactions: Firm focused on corporate real estate purchases three Chicago-area MOBs
BERWYN, Ill. – As the country’s health systems face daunting expenses and myriad new challenges in the era of healthcare reform, they are being encouraged by many HRE professionals to adopt a more corporate mentality when it comes to occupying real estate.
Transactions: HTA grabs MOBs along East Coast
By John B. Mugford Portfolios are the rare gems in today’s healthcare real estate (HRE) investment arena, where available, attractive medical office buildings (MOBs) remain in short supply compared to the amount of capital that would-be buyers desperately want to place.