Companies & People: New buyer finding MOBs
Everest made three purchases in its first few months By John B. Mugford The list of investors entering the medical office building (MOB) space keeps growing. One of the new players is New York-based Everest Medical Core Properties, which says it is focusing on acquiring MOBs, wellness centers and outpatient clinics. So far, the company […]
Longfellow Cambridge case study
A strong example of a life science biotech acquisitions and loan transaction By Erik Tellefson In my previous article, I shared the ins and outs of financing life science and biotechnology properties – an important and growing component of the healthcare real estate asset class. These buildings are in some ways similar to medical office […]
August 2016 PDF
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Entries due Sept. 30 for 2016 HREI Insights Awards
Entries are due Friday, Sept. 30, 2016 for the 2016 HREI Insights Awards. About the HREI Insights Awards™ The HREI Insights Awards™ were established by Healthcare Real Estate Insights™ magazine in 2013 to recognize excellence in healthcare real estate development and executive leadership. The HREI Insights Awards are the only awards totally dedicated to the healthcare […]
Archives: August 2016
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Transactions: MOB sales stay strong in Q2
However, dollar volume of $2.13 billion was bolstered by two big deals By John B. Mugford Medical office building (MOB) sales volume was strong during the second quarter (Q2) of 2016, with two large deals dominating the transaction activity. According to commercial real estate research firm Real Capital Analytics (RCA) Inc., Q2 sales totaled a […]
Transactions: Multi-Employer Property Trust acquires MOB in downtown Boston for $625 per foot
BOSTON – Bethesda, Md.-based Multi-Employer Property Trust (MEPT), an investment vehicle for multi-employer and public employee pension plans, recently acquired what is known as the Harvard Vanguard Post Office Square medical office in downtown Boston.
Transactions: Pair of Pennsy MOBs sell for $52M
Side-by-side MOBs in Glen Mills, west of Philly, house Crozer-Keystone services By John B. Mugford Even though Springfield, Pa.-based Crozer-Keystone Health System was in the midst of being acquired in recent months – a situation that could create uncertainties when properties are put on the market – demand was still “very” strong for a pair […]
Transactions: Newly launched G-A REIT IV adds to its fledgling portfolio of HRE properties
POTTSVILLE, Pa. – Irvine, Calif.-based Griffin-American Healthcare REIT IV Inc., a newly formed non-traded real estate investment trust (REIT) in the early stages of building its portfolio of healthcare real estate (HRE) facilities, recently entered an agreement to purchase a 36,000 square foot, multi-tenant MOB in Pottsville, about 50 miles from the state capital of […]
Transactions: Canadian medical REIT enters U.S. market with a pair of MOB buys in Florida
ORLANDO, Fla. – Sunny Florida is where Toronto-based Mohawk Medical Properties REIT recently made its entrée into the U.S. MOB market, where it is called Mohawk America. In July, the private REIT acquired two medical facilities in Greater Orlando, paying a total of $14.6 million for the two buildings.
Hot Property: Fully leased to county-owned tenant
MOB in Half Moon Bay, Calif., provides valuable medical services to residents Name: Coastside Clinic Address: 225 Cabrillo Highway South City: Half Moon Bay, Calif. Total leasable square feet: 15,335 Number of floors: 1 Tenant: San Mateo County Health System Occupancy: 100% Year built: 1980 Year renovated: 2011 Seller: NetREIT Inc. Brokerage: Marcus & Millichap […]
Outpatient Projects: Children’s MOB coming in San Antonio
Seavest will own the facility being developed by Trammell Crow for CHRISTUS By John B. Mugford As hospitals and health systems across the country continue to employ a strategy that calls for bringing more medical services out to where patients live, they have a number of methods for doing so.
Outpatient Projects: University of Pittsburgh Medical Center building a new MOB in outer suburbs
HAMPTON TOWNSHIP, Pa. – The University of Pittsburgh Medical Center (UPMC) is building what it calls a “comprehensive” outpatient facility in Hampton Township, about 30 minutes north of downtown Pittsburgh.
Outpatient Projects: Kaiser’s future 50,000 square foot MOB in Chino, Calif., to use latest in technology
CHINO, Calif. – Construction is more than half complete on Oakland, Calif.-based Kaiser Permanente’s future Chino Grand Medical Office Building in Chino, about 35 miles east of Los Angeles.
