Capital Markets

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Feature Story: HRE lenders are optimistic

InterFace capital markets panelists discuss the state of lending in the space By John B. Mugford As Richard “Rich” Kelley noted, “No topic has been more discussed in commercial real estate over the past 12 months or longer than the capital markets, with much of the discussion centered on interest rates and the lack of […]

News Release: Medical Office Building M&A Activity Decreases 23% in Q3:23, According to Data from LevinPro HC

Activity in the Medical Office Building M&A market decreased in the third quarter of 2023, with 44 publicly announced transactions, according to data captured by LevinPro HC. NEW CANAAN, Conn., Oct. 10, 2023 /PRNewswire-PRWeb/ — Merger and acquisition activity in the Medical Office Building (MOB) sector decreased by 23% in Q3:23 compared with the previous quarter, […]

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Feature Story: Uncertainty creates financial market opportunities

Financial professionals discuss creative strategies, including ‘dequity’ By John B. Mugford When a group of financial professionals gathered recently to discuss the state of the healthcare real estate (HRE) capital markets, Gary Bechtel, CEO of Grand Rapids, Mich.-based Red Oak Capital Holdings, had this to say: “I’ve been in this business for a while, and […]

News Release: First Citizens Bank Extends Its Brand to Legacy CIT Business Verticals

RALEIGH, N.C., Oct. 2, 2023 /PRNewswire/ –– First Citizens Bank today announced that it is extending its brand to cover numerous commercial business verticals that previously fell under First Citizens’ CIT division. This effort represents another major step towards First Citizens fully integrating CIT since its 2022 merger. The First Citizens name and logo will […]

News Release: JLL arranges $1.3B medical office loan portfolio on behalf of Synovus Financial Corp.

JLL’s Loan Sales and M&A teams led sales efforts for the medical office portfolio spanning 33 states across the U.S. NEW YORK, Sept. 19, 2023 –  JLL’s Capital Markets group announced today that as exclusive advisor to Synovus Financial Corp., it worked to arrange the sale of a $1.3 billion medical office loan portfolio to Kayne […]

News Release: Easterly Government Properties Completes Acquisition of VA – Corpus Christi, the Ninth of 10 Properties in the VA Portfolio

WASHINGTON–(BUSINESS WIRE)–Sep. 26, 2023— Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today that it has, through its joint venture (“JV”), completed the acquisition of the previously announced 69,276 leased square […]

News Release: Diversified Healthcare Trust Sends Letter to Shareholders Highlighting Benefits of Pending Merger with Office Properties Income Trust

Explains that the Interests of Debt Holders Opposing the Merger are Not Aligned with Long Term Shareholders NEWTON, Mass. July 31, 2023–(BUSINESS WIRE)–Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has mailed a letter to shareholders in connection with the upcoming August 30, 2023, Special Meeting of DHC Shareholders related to the Company’s pending […]

News Release: Shore Capital Partners Closes Over $640 Million for Two New Funds

Oversubscribed funds mark firm’s entry into industrials and continuation of its flagship healthcare strategy   CHICAGO, July 13, 2023–(BUSINESS WIRE)—Shore Capital Partners, (“Shore” or the “Firm”), a private equity firm focused on microcap investments, today announced the closing of its inaugural Industrial fund, Shore Capital Industrial Partners Fund I (“IND Fund I”), and its fifth […]

News Release: Sendero Capital and Angelo Gordon launch programmatic joint venture for outpatient healthcare real estate acquisitions

JLL Capital Markets arranged the programmatic joint venture between Sendero Capital and Angelo Gordon, which has the ability to acquire up to $300 million in assets over the next two years.   BOSTON, June 29, 2023 –  JLL Capital Markets announced today that it arranged a programmatic joint venture between Sendero Capital and Angelo Gordon, which […]

Feature Story: Capital markets success formula: patience and fortitude

Feature Story: Capital markets success formula: patience and fortitude

The economy is going to be in for ‘a bouncy ride’ for a while, Revista panelists said By John B. Mugford Under current market and economic conditions, what with inflation and interest rates on the rise, “patience” is a virtue for those involved in investing in the healthcare real estate (HRE) sector. “This an environment […]

News Release: CBRE Group, Inc. Reports Financial Results for Q4 and Full Year 2022

GAAP EPS fell 21% for FY 2022 to $4.29 Core EPS rose 7% for FY 2022 to $5.69 DALLAS–(BUSINESS WIRE)–CBRE Group, Inc. (NYSE:CBRE) today reported financial results for the fourth quarter and year ended December 31, 2022. Consolidated Financial Results Overview The following table presents highlights of CBRE performance (dollars in millions, except per share […]

News Release: Broadstone Net Lease Announces Fourth Quarter and Full Year 2022 Results

ROCHESTER, N.Y.–(BUSINESS WIRE)–Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL,” the “Company,” “we,” “our,” or “us”), today announced its operating results for the quarter and year ended December 31, 2022. FOURTH QUARTER 2022 HIGHLIGHTS INVESTMENT ACTIVITY Invested $310.3 million at a weighted average initial cash capitalization rate of 6.7%, including the acquisition of 17 properties with […]

Thought Leaders: JLL Healthcare Perspectives - Capital Markets

Thought Leaders: JLL Healthcare Perspectives – Capital Markets

Change in benchmark interest rates Source: Bloomberg Key points: ·         2022 was a watershed year with rising interest rates which were at historically low levels in the last decade.  Floating rate benchmarks increased 4.36% in 2022 and, importantly for medical office lending, 5-year swap rates increased more than 2.00%.  The divergent trend in these rates led to […]

News Release: WOODSIDE HEALTH SEEDED PROGRAMMATIC JOINT VENTURE ARIZONA, TEXAS, FLORIDA & GEORGIA | JANUARY 2023

News Release: WOODSIDE HEALTH SEEDED PROGRAMMATIC JOINT VENTURE ARIZONA, TEXAS, FLORIDA & GEORGIA | JANUARY 2023

  Newmark’s Healthcare Capital Markets practice announces the recapitalization of a 10-property, 423,000-square-foot medical office portfolio that spans four states. The recapitalization will seed a joint venture between Cleveland, Ohio-based medical office building acquisition and management firm Woodside Health, LLC and an affiliate of Heitman LLC, a global real estate investment management firm with $53 […]

News Release: Just Closed -- A Revitalized Landmark Medical Office Building In Buckhead | Atlanta

News Release: Just Closed — A Revitalized Landmark Medical Office Building In Buckhead | Atlanta

Transaction Highlights Date Closed 10/26/2022 Size ±149,202 SF Occupancy 81% Northwest Medical Center | Atlanta, GA CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the closing of Northwest Medical Center (the ‘Property’) in Atlanta, Georgia. Lee Asher, Zack Holderman, Jordan Selbiger, Trent Jemmett, Cole Reethof and Josiah Gunter acted as the seller’s […]