Archives

Lucile Packard Children’s Hospital recently bought these MOBs in Los Gatos, Calif. Photo courtesy of CityFeet.com

Industry Pulse: Is This a ‘Reverse Monetization’ Trend?

Some providers have recently begun buying MOB assets We’re not sure if it’s a trend, but in late 2013 a handful or more hospitals and/or health systems acquired medical office buildings (MOBs) from developers, private third-party owners or physician groups.

Renaissance Place in Highland Park, Ill., is looking to medical users to fill a vacant Saks Fifth Avenue department store space. Photo courtesy of Renaissance Place

Industry Pulse: Mall Hopes to Bring Med Users to Ex-Saks Space

    Chicago-area lifestyle retail center looks to medical tenants to boost sagging occupancy As an upscale, multi-use lifestyle center in the Chicago suburb of Highland Park tries to boost its anemic occupancy, it is hoping to convert a vacant department store space into healthcare real estate. According to recent reports and news releases, the […]

Post-Acute & Senior Living: Sanders Trust and Harrison Street buy two Boston area IR facilities for $90 million

WOBORN and BRAINTREE, Mass. – Medical office buildings (MOBs) are still the apple of their eyes for most healthcare real estate (HRE) investors. Yet, with healthcare reform putting a growing emphasis on the continuum of care, more and more HRE investors are showing an interest in a wider range of facilities that provide important post-acute care […]

One of the assets Griffin-American Healthcare REIT II acquired was the three-story, 72,000 square foot 155 Crystal Run MOB in Middletown, N.Y. Griffin-American paid about $57 million, or $375 PSF. Photo courtesy of Raymond James

Transactions: G-A REIT II hits it big in December

  Unlisted REIT invests more than $541 million on HRE only a single month By John B. Mugford A year ago, with an increase in capital gains taxes looming for anxious sellers, a flurry of medical office building (MOB) deals closed out 2012 and made it a record-setting year for total sales volume (dollar amount). […]

Industry Pulse: On the Record: Greg Venn

Industry Pulse: On the Record: Greg Venn

What is the near-term outlook for healthcare real estate development? “I think there will be a robust development period in the next 12 to 24 months, as there are a number of projects in the pipeline. It seems that more systems are making decisions to move forward with projects. Specifically, we’re seeing a lot of […]

The Virginia Urology Center in Richmond, Va., was part of a 13-building portfolio that JLL’s Healthcare Capital Markets group marketed and brokered in 2013. Photo courtesy of Jones Lang LaSalle

Companies & People: A big year for JLL’s healthcare group

  As 2013 came to a close, Healthcare Capital Markets leader recapped the year By John B. Mugford It might be an understatement to say that the national Healthcare Capital Markets Group of Jones Lang LaSalle (NYSE: JLL) had a good 2013. As Mindy Berman, the managing director who heads the group, notes, “We had […]

Companies & People: Physicians Realty Trust expands portfolio with recent buys, buyouts,

MILWAUKEE – Milwaukee-based Physicians Realty Trust (NYSE: DOC), which completed its initial public offering (IPO) of more than 10.4 million shares of common stock, recently expanded its portfolio with two recent transactions. First, the publicly traded real estate investment trust (REIT) executed a contract to purchase and lease back an MOB in Columbus, Ohio, that […]

News Release: HREI Insights Awards™ Winners announced

News Release: HREI Insights Awards™ Winners announced

Healthcare Real Estate Insights™ presents awards to the winners of the first comprehensive national program recognizing excellence in healthcare real estate MINNEAPOLIS, Dec. 11 – Healthcare Real Estate Insights™ has announced the winners of the inaugural HREI Insights Awards™, the only national awards totally dedicated to recognizing excellence in the areas of healthcare real estate (HRE) […]

Archives: November 2013

Archives: November 2013

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November 2013 PDF

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Large multi-specialty facilities like this four-story, 280,000 square foot VA Healthcare Center being developed by Lend Lease in Kernersville, N.C., represent one approach to off-campus outpatient real estate development strategy. But providers and developers are also exploring a range of other options. (Rendering courtesy of Lend Lease)

Cover Story: The off-campus era

How it’s revolutionizing healthcare real estate By Murray W. Wolf For the benefit of the handful of readers who might be new to the healthcare real estate (HRE) sector – and with sincere apologies to those for whom this is painfully obvious – we must premise this article by stating that more and more healthcare […]

West Valley Emergency Center, an FED and MOB complex in Buckeye, Ariz., was part of the largest MOB transaction of Q3, the $170.91 million acquisition by ARC Healthcare Trust of an 12-building portfolio from LaSalle Investment Management. (Photo courtesy of UEB Builders)

Transactions: Medical office sales soared 73% in Q3

Quarterly volume was more than $2 billion – the second biggest quarter ever By John Mugford Healthcare real estate (HRE) sales professionals had been predicting a big third quarter (Q3) of 2013 after two somewhat uneventful quarters to start out the year. Were they ever right, as Q3 sales shot up 73 percent over Q2. […]

This Springfield, Pa., MOB was part of ARC Healthcare REIT’s acquisition of 11 assets from LaSalle Investment Management. (Rendering courtesy of Capital Solutions Inc.)

Industry Pulse: ARC grabs big portfolio from LaSalle for $171m

JLL-affiliated firms have disposed of more than $366M in HRE properties since July In September, New York-based ARC Healthcare Trust, currently one of the most active buyers of healthcare real estate (HRE), landed the largest deal of the third quarter (Q3). ARC paid

Transactions: Selected largest Q3 2013 MOB sales

Despite economic uncertainty, most healthcare real estate investment trusts (REITs) like Sentio Investments say they are remaining bullish on senior living assets, such as the firm’s 60,000 square foot Oakleaf Village at Greenville, S.C., which contains 66 assisted living units and 24 memory care units. (Photo courtesy of Sentio Investments)

Post-Acute & Senior Living: REITs discuss role

Trusts are keeping a watchful eye on the changing landscape, NIC panelists say By Murray W. Wolf Real estate investment trusts (REITs) continue to play an outsized role in the state of the healthcare real estate (HRE) industry. Huge inflows of low-cost capital for both public and private REITs in recent years have made them […]