News Release: Berkadia Negotiates Sale of Two Seniors Housing Properties in South Carolina
COLUMBIA, SC – June 20, 2024 – Berkadia announced today the sale of two assisted living and memory care communities in South Carolina. Berkadia Seniors Housing & Healthcare, led by Managing Directors Mike Garbers, Cody Tremper, Dave Fasano, and Ross Sanders, closed the 156-unit transaction on behalf of a publicly traded REIT. The properties, located […]
News Release: Healing Realty Trust Closes First Tranche of Series A to Expand Clinic-Focused Portfolio for a New Generation of Medicine
Investment to fund acquisitions of three operating healthcare facilities in Texas, Ohio and Connecticut, totaling ~88,000 square-feet Jupiter, Florida–(Newsfile Corp. – June 18, 2024) – Healing Realty Trust (“HRT” or the “Company”), formerly known as Healing Commercial Real Estate Inc., a data-driven, self-managed real estate investment company with a portfolio centered on purchasing healthcare-related real […]
News Release: Lawrence Group Designing State-of-the-Art Medical Office Building for Austin (Texas) Regional Clinic
Austin Regional Clinic (ARC) has embarked on a transformative project to replace a prefabricated metal building at its Ben White Boulevard location with a two-story, state-of-the-art medical office building. The Central Texas healthcare provider hired Lawrence Group Architects to perform a feasibility study and design for the new building. Lawrence Group began the project by […]
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 […]
News Release: Montecito Medical Acquires Two Medical Office Properties in Charlotte, NC
Montecito Medical, a leading buyer of medical office real estate nationwide, has acquired two outpatient surgery properties in Charlotte, NC. The adjoining buildings, which offer a combined total of 37,200 square feet, are 100% occupied by Atrium Health. “We are thrilled to acquire these outstanding medical office assets and to expand our relationship with such […]
News Release: Just Closed – 10th Street Medical Office Buildings (Chino, Calf.)
LIG LE INVESTMENT GROUP RECENTLY CLOSED 12850-12860 10th Street Chino, CA 91710 MULTI-TENANT MEDICAL PRICE/SF: $225.62 CAP RATE: 6.26% Sq.Ft.: 7,978 Sold Price: $1,800,000 Aaron Sanders Senior Associate | License CA: 02133731 (424) 215-1580 | (909) 256-7889 Justin Mata Investment Associate | License CA: 02196193 (909) 684-1649 | (909) 256-7889
News Release: PREIT Names Colliers Medical Leasing Agent for Moorestown Mall in New Jersey
A new relationship focused exclusively on building medical and wellness tenancy will continue the mall’s growth as a regional healthcare hub MOORESTOWN, NEW JERSEY June 17, 2024 – Colliers is pleased to announce the team of Paul Rogers and Charlie Rogers will serve as exclusive healthcare and wellness leasing agents to mall operator PREIT at […]
News Release: PMB partners with Riverside University Health System on a $580 million behavioral health campus in Mead Valley, California
NEWS PROVIDED BY PMB Jun 17, 2024, 08:01 ET The 445,000-square-foot Wellness Village will provide a continuum of behavioral health and wellness care, from urgent treatment to supportive housing. MEAD VALLEY, Calif. and SAN DIEGO, June 14, 2024 /PRNewswire/ — Riverside University Health System (RUHS) and PMB broke ground on an unprecedented project, The Wellness […]
News Release: ESI Arranges the Sale of Henry County Healthcare Center in Tennessee
Paris, TN – Evans Senior Investments (ESI) has successfully arranged the sale of Henry County Healthcare Center in Paris, Tennessee. The transaction was executed on behalf of Henry County. Built in 2001, Henry County Healthcare Center offers 136 skilled nursing beds across 5 acres of land. At the time of marketing, the facility was only […]
News Release: Davis Healthcare Real Estate Opens Eagan Specialty Center
36,100-SF Medical Development is anchored by Midwest Surgery Center MINNEAPOLIS (June 13, 2024)—Davis has announced the formal opening of Eagan Specialty Center, a 36,100-square-foot Class A surgical facility at 2975 Holiday Court in Eagan, MN. The building is the new home of Midwest Surgery Center, which occupies 27,000 square feet. “This is the culmination of […]
News Release: Sila Realty Trust, Inc. Begins Trading on the New York Stock Exchange
Enters Public Markets as a Net Lease REIT Focused Solely on High-Quality Healthcare Properties June 13, 2024 04:15 PM Eastern Daylight Time TAMPA, Fla.–(BUSINESS WIRE)–Sila Realty Trust, Inc. (NYSE: SILA) (“Sila”, the “Company”, “we” or “us”), a net lease real estate investment trust (“REIT”) with a strategic investment focus on the significant, growing, and resilient […]
News Release: NAI Horizon sells Chandler (Ariz.) Medical Center for $7.3M via competitive bid sale process
For Immediate Release PHOENIX, ARIZONA (June 13, 2024) – NAI Horizon facilitated the $7.3 million sale of Chandler Medical Center, a 22,591 SF multi-tenant medical office building located at 655 S. Dobson Road in Chandler, Arizona. The sale price fetched $323.14 per SF. NAI Horizon Executive Vice President Lane Neville, Senior Associate Cole Neville and […]
News Release: First Citizens Bank Provides Loan to Refinance Tacoma Senior Living Facility
NEW YORK, June 13, 2024 — First Citizens Bank today announced that its Healthcare Finance business provided a term loan to refinance GenCare Lifestyle Tacoma at Point Ruston, a 159-unit senior living facility in Tacoma, Washington. The borrower is a joint venture led by Harrison Street, one of the leading investment management firms exclusively focused […]
News Release: Sila Realty Trust, Inc. to Commence Tender Offer for Up to $50 Million of Its Common Stock
TAMPA, Fla.–(BUSINESS WIRE)–Sila Realty Trust, Inc. (“Sila” or “the Company”), a net lease real estate investment trust (“REIT”) with a strategic investment focus on the significant, growing, and resilient healthcare sector, today announced that in conjunction with its listing on the New York Stock Exchange (“NYSE”), Sila is commencing a modified “Dutch auction” tender offer […]
News Release: IRA Capital Acquires a 253-Unit Class-A Senior Living Community in the Seattle MSA
IRA Capital Continues its Senior Housing Portfolio Expansion with the Acquisition of Quail Park of Lynnwood Irvine, CA – June 12th, 2024 – IRA Capital (“IRA”), a leading private equity firm based in Irvine, California, is pleased to announce its recent acquisition of Quail Park of Lynnwood (“Quail Park”), a 253-unit, Class-A, senior housing property […]