Feature Story: All signs point toward more activity
Revista investor panel foresees more purchases, fundraising and sales in 2025 By John B. Mugford On the surface, the medical outpatient buildings (MOBs) sales volume numbers for 2024 looked just fine, coming in at $13.6 billion. That marked a nearly 40 percent increase from 2023, when the sales volume dropped to an eight-year low of […]
Feature Story: Cautious optimism on the lending side of HRE
Revista panelists delve into the state of debt and capital markets By John B. Mugford PALM BEACH GARDENS, Fla. – After seeing some stabilization in the healthcare real estate (HRE) lending arena in 2024 – after a rocky, difficult 2023 – what does the remainder of 2025 hold? At a recent HRE conference, a group […]
Feature Story: Coming out of the malaise
Some difficulties could linger, but CBRE webinar panelists say a better year lies ahead By John B. Mugford The medical outpatient building (MOB) sector has seen a slowdown in development and sales for several reasons during the past couple of years. Today, however, while not necessarily expecting an immediate return to the historically strong years […]
News Release: $55.2M acquisition financing secured for North Carolina medical portfolio
JLL Capital Markets led the financing efforts for the nine medical outpatient buildings located in Burlington, Durham and Greensboro CAROLINAS, Nov. 13, 2024 – JLL Capital Markets announced today that it has arranged $55.2 million in financing for a nine-property, medical portfolio totaling 297,500 square feet in Burlington, Durham and Greensboro, North Carolina. Working on behalf […]
Feature Story: HRE investment is headed in the right direction
Colliers conference panelists say they think sales volume is increasing By John B. Mugford The medical outpatient building (MOB) transaction volume, as we all know, has been somewhat bleak for the past two years or so, taking a large dip from the big volume years leading up to the COVID-19 pandemic and, in the aftermath, […]
Feature Story: Finally, the Fed cuts interest rates
But some HRE veterans say the impact of the long-awaited move will be gradual By John B. Mugford In making the first cut to the federal funds rate since it began raising rates in March 2022, has the U.S. Federal Reserve Bank ushered in a period of increased medical outpatient building (MOB) sales? Will last […]
Feature Story: Optimism returns in the HRE sector as rate cuts loom
InterFace ‘State of the Industry’ panelists foresee investors, lenders coming back By John B. Mugford After a two-year slump in sales transactions and development activity, there is optimism in the air in the healthcare real estate (HRE) business, with some caveats – or at least one big one. That big caveat is, of course, the […]
Companies & People: First Citizens remains active, sees ‘positive signs’
HREI talks with Steve Reedy, head of the bank’s Medical Office Banking unit By John B. Mugford Since interest rates began rising quite quickly and steeply starting in March 2022 – and with the U.S. Federal Reserve Bank raising its targeted interest rate 11 times during the subsequent 20 months – the medical outpatient building […]
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, […]
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 […]
