Transactions: New publicly traded REIT, Physicians Realty Trust, continues making deals
MILWAUKEE – Physicians Realty Trust (NYSE: DOC), which raised about $123.8 million in an initial public offering (IPO) that closed in July, has made a number of significant acquisitions in recent months. According to new releases as well as data from Real Capital Analytics, the new healthcare REIT has made three separate purchases since September, […]
Transactions: Marcus & Millichap brokers $9 million sale of Los Angeles MOB to undisclosed buyer
LOS ANGELES – An unnamed private investor recently acquired a three-story, 42,729 square foot MOB in the Granada Hills neighborhood of Los Angeles for $9 million, or $211 PSF. Representing the seller, Los Angeles-based Jamison Services Inc., was John R. Smelter, a senior director of Marcus & Millichap’s National Healthcare Real Estate Group from the […]
Transactions: MedSouth Healthcare Properties LLC acquires Myrtle Beach, S.C., MOB
MYRTLE BEACH, S.C. – MedSouth Healthcare Properties LLC, a relatively new company focused on acquiring healthcare properties in the Southeast, recently purchased an MOB in Myrtle Beach in a JV with Sterling Fox Group LLC. Both MedSouth and Sterling Fox Group are based in Charlotte, N.C. The JV acquired Market Commons Medical, a 20,000 square […]
Transactions: New publicly traded REIT, Physicians Realty Trust, continues making deals
MILWAUKEE – Physicians Realty Trust (NYSE: DOC), which raised about $123.8 million in an initial public offering (IPO) that closed in July, has made a number of significant acquisitions in recent months. According to new releases as well as data from Real Capital Analytics, the new healthcare REIT has made three separate purchases since September, […]
Transactions: Sabra REIT moves into acute-care space with Texas deals
DALLAS – For the most part, Irvine, Calif.-based Sabra Health Care REIT Inc. (Nasdaq: SBRA) looks to grow its portfolio primarily through the acquisition of senior housing and memory care facilities, with a secondary focus on skilled nursing facilities (SNFs). However, it also continues to search for “opportunistic” acquisitions of other types of healthcare real […]
Transactions: San Diego medical office sells for $11.4 million to TDA Investment
SAN DIEGO – TDA Investment Group of San Mateo, Calif., in recent months acquired an MOB located within a complex of three medical buildings across the street from Alvarado Hospital Medical Center in San Diego. The firm closed on Alvarado Medical Plaza III, a three-story, 51,441 square foot MOB, for about $11.4 million, according to […]
Inpatient Projects: Iowa system readies for big project
Genesis Health to spend $138.5 million on new space and renovations at campus By John B. Mugford One of the largest construction projects in the history of Davenport, Iowa, is also the largest project ever taken on by the area’s major healthcare provider, Genesis Health System. Work is expected to start in June on a […]
Outpatient Projects: NexCore Group starts MOB on new campus outside of Boise, Idaho
NAMPA, Idaho – An MOB under construction in Nampa, about 20 miles outside of Boise, Idaho, is using what the developer calls innovations in architecture and construction sequencing to optimize land utilization, shorten the build time and lower the project cost. The developer is Denver-based NexCore Group LP, which will own and manage the future […]
Outpatient Projects: Iowa system playing ‘catch up’
Replacement campus in Marshalltown will ramp up outpatient services By John B. Mugford Acknowledging that their outdated facilities are geared too much toward providing inpatient services, officials with an Iowa health system have announced plans for a replacement campus that will put a heavier emphasis on outpatient care. Marshalltown Medical & Surgical Center is moving […]
Inpatient Projects: Marin County voters provide slim approval for new replacement
MARIN COUNTY, Calif. – It looks as if, by the slimmest of margins, voters in Marin County have passed a $394 million general obligation bond measure to rebuild the 61-year-old Marin General Hospital in Greenbrae, about 15 miles north of San Francisco. In order to gain approval, the measure needed to garner two-thirds of the […]
Outpatient Projects: ERDMAN, city keep moving on $33M collaborative health project in Oregon
BEAVERTON, Ore. – One can certainly say that local officials in Beaverton, a large suburb of Portland, are heavily involved in bringing a new healthcare complex for low-income residents to their city. In fact, city councilors recently confirmed their support of the potential development of a $33 million outpatient health center that could include multiple […]
Outpatient Projects: Iowa system playing ‘catch up’
Replacement campus in Marshalltown will ramp up outpatient services By John B. Mugford Acknowledging that their outdated facilities are geared too much toward providing inpatient services, officials with an Iowa health system have announced plans for a replacement campus that will put a heavier emphasis on outpatient care. Marshalltown Medical & Surgical Center is moving […]
Post Acute & Senior Living: Carter Validus buys rehab hospital
REIT invests $22 million in 40-bed, 50,000 square foot facility in San Antonio By Murray W. Wolf Tampa, Fla. – based Carter Validus Mission Critical REIT Inc., an unlisted real estate investment trust (REIT), recently acquired Warm Springs Rehabilitation Hospital of Westover Hills in San Antonio. Carter Validus, which acquires data center and healthcare properties, […]
Publisher’s Letter: What’s in store for ‘14?
Who can say? But, 2013 was certainly interesting Dear Reader: As we turn the page on 2013, let’s look back at some of the year’s top stories. January. We celebrated the 10th anniversary of Healthcare Real Estate Insights™ and looked back at some of the healthcare real estate (HRE) sector highlights from the previous decade, […]
Post Acute & Senior Living: Ocean Healthcare adds to portfolio by buying SNF, psychiatric unit
BLACKWOOD, N.J. – Lakewood, N.J.-based Ocean Healthcare, which operates more than 20 facilities in New Jersey, recently acquired a 300-bed skilled nursing facility and 150-bed acute care psychiatric unit in Blackwood, about 15 miles outside of Philadelphia. Camden County Health Services Center sold the property for more than $37 million, according to the Chicago and […]