Transactions: Capital One provides financing for West Coast senior housing owner to acquire four facilities
BETHESDA, Md. – Vancouver, Wash.-based Prestige Care Inc. recently acquired four senior housing and skilled nursing facilities (SNFs) in Washington and Idaho, financing the purchases by refinancing three facilities it owns in Oregon and Washington. Bethesda, Md.-based Capital One Healthcare provided a $41.1 million first mortgage and a $5 million senior credit facility for Prestige Care.
Transactions: Capital One provides $28.4 million refinancing for Landmark’s 122,000 s.f. MOB near Tampa, Fla.
BRANDON, Fla. – Bethesda, Md.-based Capital One Healthcare recently provided a $28.4 million loan to refinance construction debt on a 122,000 square foot, off-campus MOB in Brandon that was purpose-built for Tampa (Fla.) General Hospital.
Transactions: Meridian acquires value-add MOB in Phoenix, paying nearly $5 million for ‘landmark’ facility
PHOENIX – Santa Rosa Calif.-based Meridian, which often acquires and upgrades medical facilities, has purchased Grunow Memorial Medical Center, a “landmark” 51,150 square foot MOB at 926 East McDowell Road in Phoenix.
Transactions: Pisula Development Company, Harrison Street JV acquires Texas, transitional care facility
THE WOODLANDS, Texas – The Woodlands-based Pisula Development Company announced Aug. 23 the acquisition of Brightpointe at Rivershire, a 62,000 square foot, 150-bed transitional care facility in the Houston suburb of Conroe, Texas.
Transactions: Ventas was seller in previously announced sale of four-building San Antonio MOB portfolio
SAN ANTONIO – On Aug. 9, Healthcare Real Estate Insights™ reported that a portfolio of four large MOBs in San Antonio had been acquired by a partnership comprised of MLL Capital, Artemis Real Estate Partners and Ackerman & Co.
Transactions: Urgent care center in Dallas changes hands; Sun Commercial represents buyer
DALLAS – The Investment Services Group at Las Vegas-based Sun Commercial Real Estate recently represented the buyer of a single-tenant, double-net leased CareNow Urgent Care Center in Dallas.
Transactions: MOB changes hands in Long Beach, Calif.; CBRE’s Southern California team represents the seller
LONG BEACH, Calif. – The Investment Properties Southern California team of CBRE Group Inc. (NYSE CBG) recently brokered the sale of 3530 Atlantic Ave. in Long Beach, for $4.056 million.
Transactions: Local firm acquires two MOBs for a total of $11.9 million in affluent suburbs of Atlanta
ATLANTA – Atlanta-based SG Property Services, a real estate firm focused on healthcare and professional office developments, recently acquired two MOBs in affluent Atlanta suburbs for a total of $11.9 million.
Transactions: Health complex in Phoenix sells for $12.1 million; local office of Avison Young brokers sale
PHOENIX – Foothills Health Center, a two-building, 53,310 square foot medical office property in the Ahwatukee submarket of Phoenix, recently changed hands for $12.1 million. Nicholas Pelusio and Kevin Helland of the Phoenix office of Toronto-based Avison Young represented the seller, Chicago-based United Insurance Company of America.
Transactions: Anchor Health Properties acquires Norwalk, Conn., MOB for $23 million; NKF handles sale
NORWALK, Conn. – Newmark Knight Frank (NKF) announced Sept. 11 that it represented Bostonbased Marcus Partners in the sale of the four-story, 71,401 square foot Cross Street Medical Center at 40 Cross St. in Norwalk to Anchor Health Properties for $23 million.
Transactions: Norvin Healthcare acquires three-MOB, 83 percent leased complex near Houston
SUGAR LAND, Texas – The Healthcare Capital Markets Group of Jones Lang LaSalle (NYSE: JLL) announced Sept. 7 the sale of the Sugar Land Medical Pavilion, a complex of three multi-tenant MOBS just outside of Houston in Sugar Land.
Companies & People: Avison Young names Julie Johnson and Mark Johnson as U.S. healthcare practice group co-leaders
Toronto-based real estate firm Avison Young recently announced that Julie Johnson, a principal based in Phoenix, and Mark Johnson, an executive VP in the firm’s suburban Chicago office, have been named co-leaders of the its U.S. healthcare practice group.
TRANSACTIONS: Benedict Realty Group reportedly plans to add medical space to newly acquired asset
GREENWICH, Conn. – New York-based Benedict Realty Group (BRG) has reportedly acquired a Greenwich office building for $33.8 million and plans to convert some of the space for medical use, according to a July 18 article in the local Greenwich Time newspaper.
TRANSACTIONS: Hammes Partners II acquires MOB portfolio in Massachusetts; BGL represents seller
CHICOPEE, Mass. – The healthcare team with Cleveland-based Brown Gibbons Lang | Real Estate Partners (BGLREP) represented the seller of a three-MOB, 138,000 square foot portfolio near Chicopee, Mass.
Transactions: Joint venture of USAA and HSA PrimeCare acquires MOB in northwest Minneapolis suburb
PLYMOUTH, Minn. – An equity investment fund comprising San Antonio-based USAA Real Estate and Chicago-based HSA PrimeCare recently expanded its portfolio with the acquisition of a 45,722 square foot medical office building (MOB) in a highly trafficked commercial area of Plymouth, a Minneapolis suburb.