Transactions: Montecito acquires “premier destination” MOB in Carlsbad, Calif., for $27.3 million
CARLSBAD, Calif. – Nashville, Tenn.-based Montecito Medical Real Estate in May acquired the 49,580 square foot North Coast Medical Plaza in Carlsbad, an affluent coastal town just north of San Diego.
Transactions: The Sanders Trust enters its 22nd state with $21 million purchase in Maryland
HAGERSTOWN, Md. – Birmingham, Ala.-based The Sanders Trust (TST), an HRE facilities owner and development firm, recently made its foray into Maryland, the 22nd state where it has a presence.
Transactions: Pension fund buys Houston-area MOBs for $58 million; Marcus & Millichap brokers the sale
HOUSTON – Institutional Property Advisors (IPA), a Marcus & Millichap subsidiary, announced in early June that it brokered the $58 million sale of a portfolio of fully leased medical office buildings (MOBs) near Houston: Memorial Hermann Surgical Hospital and Physicians Pavilion in Sugar Land, and two UT Physicians facilities in Sugar Land and Richmond.
Transactions: MedProperties Holdings, Cypress West acquire Bakersfield, Calif., MOB for $16.1 million
BAKERSFIELD, Calif. – A partnership of Dallas-based MedProperties Holdings LLC and Rancho Santa Margarita, Calif.-based Cypress West Partners recently acquired Riverwalk Medical Plaza, a 54,923 square foot MOB in Bakersfield.
Transactions: HTA lands $150 million MOB portfolio
REIT acquires 11 assets in Arizona, California from NexCore-Heitman joint venture By John B. Mugford Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) grabbed headlines in May for its pending acquisition of most of Indianapolis-based Duke Realty Corp.’s (NYSE: DRE) medical office building (MOB) portfolio. The price tag is likely to be at or […]
Transactions: MPT to acquire 11 hospitals for $1.4B
Hospital-focused REIT will buy 11 IASIS facilities from Steward Health Care By John B. Mugford Birmingham, Ala.-based Medical Properties Trust Inc. (NYSE: MPW) in May announced that it had signed definitive agreements to acquire the real estate interests of 10 acute care hospitals and one behavioral health facility operated by Franklin, Tenn.-based IASIS Healthcare. The […]
Transactions: MBRE Healthcare acquires Seattle-area MOB for $17.45 million in a sale-leaseback transaction
PUYALLUP, Wash. – Newmark Grubb Knight Frank (NGKF) Global Healthcare Services announced May 15 that it recently closed on the $17.45 million sale of the 31,921 square foot Rainier Orthopedic Institute in Puyallup.
Transactions: Pat Davis Properties acquires four-building Forest Green office/med complex in Dallas
DALLAS – Marcus & Millichap announced May 2 that it handled the recent sale of the four-building, 173,790 square foot Forest Green office/medical complex in Dallas.
Transactions: In a single day, Caddis buys two MOBs, advises in a sale and refinances a portfolio
DALLAS – Healthcare real estate professionals often say that closing just one transaction involves a grueling mix of stress and tedium that can drag on for days.
Transactions: Griffin American Healthcare REIT IV acquires a pair of identical Athens, Ga., MOBs for $16.8M
ATHENS, Ga. – American Healthcare Investors and Griffin Capital Company LLC, the co-sponsors of Griffin-American Healthcare REIT IV Inc., announced May 24 that the REIT has acquired two identical MOBs totaling 61,203 square feet in Athens.
Transactions: Hammes Partners II acquires medical group portfolio in Massachusetts for $28.5 million
CHICOPEE, Mass. – Brookfield, Wis.-based Hammes Partners II LP, an investment fund affiliated with Hammes Company, in May closed on the acquisition of a three-MOB portfolio anchored by Chicopee-based Riverbend Medical Group, which is part of Springfield, Mass.-based Sisters of Providence Health.
Transactions: JLL brokers $137.6 million sales of six inpatient rehabilitation hospitals in three states
BOSTON – JLL’s Boston-based Capital Markets group recently handled the sales of six inpatient rehabilitation hospitals in Arizona, Pennsylvania and Texas for a total of $137.6 million for the seller, Healthcare Realty Trust (NYSE: HR).
Outpatient Projects: A joint venture for the times
Cleveland Clinic picks Rendina for first partnership with a third-party developer By John B. Mugford The Cleveland Clinic’s real estate portfolio is a vast one, as it owns and/or operates about 32 million square feet of medical facilities, with the vast majority being in and around its home base in northeastern Ohio. However, the health […]
Outpatient Projects: A joint venture for the times
Cleveland Clinic selects Rendina for first partnership with a third-party developer By John B. Mugford The Cleveland Clinic’s real estate portfolio is a vast one, as it owns and/or operates about 32 million square feet of medical facilities, with the vast majority being in and around its home base in northeastern Ohio.
Outpatient Projects: Ryan Cos. completes new MOB for mental health group, creating a campus near Minneapolis
BROOKLYN PARK, Minn. – The recent opening of a new 41,000 square foot MOB in Brooklyn Park, a Minneapolis suburb, allows Minneapolis-based PrairieCare LLC to create a mental health campus on the site.
