News Release: WellSpan to expand access to care in Cumberland County
August 10, 2023 As WellSpan Health continues to increase healthcare access to meet the needs of residents in the fastest growing county in Pennsylvania, the health system’s latest initiative focuses on constructing a new ambulatory surgery center and medical office building in South Middleton Township, near Carlisle. The Board of Supervisors unanimously approved the plan […]
News Release: MRA Group Acquires 40,000 Square Foot Medical Office Building in Lansdale, PA with Plans for Extensive Renovations
NEWS PROVIDED BY MRA Group 10 Aug, 2023, 11:10 ET HORSHAM, Pa., Aug. 10, 2023 /PRNewswire/ — MRA Group (MRA), a privately held real estate development and client services firm, has announced its acquisition of the former LMG Medical Building, a 40,000 square foot medical office complex situated on over 10 acres, at 1001 S. Broad […]
News Release: Sendero Capital and Angelo Gordon complete the acquisition of a mission-critical healthcare facility in Rhode Island
JLL Capital Markets advised on the purchase of 2 Wake Robin Road, the second acquisition in Sendero Capital and Angelo Gordon’s programmatic joint venture BOSTON, Aug. 3, 2023 – JLL Capital Markets announced today that it advised Sendero Capital and Angelo Gordon on the acquisition of 2 Wake Robin Road, a 30,000-square-foot medical office building […]
News Release: Acquisition of a medical office building in New Hampshire completed by Sendero Capital and Angelo Gordon
JLL Capital Markets arrange the acquisition of 1 Hampton Road in Exeter, as part of the two firm’s programmatic joint venture BOSTON, Aug. 9, 2023 – JLL Capital Markets announced today that it advised on the acquisition of 1 Hampton Rd., a medical office campus comprised of two buildings totaling 82,000 square feet in Exeter, New […]
News Release: RTG Partners with Erlanger Health to Provide Comprehensive Real Estate Management Services for 1.6-Million-Square-Foot Portfolio
(Knoxville, TN – July 2023) Erlanger Health, Inc. (Erlanger) recently announced a partnership with Realty Trust Group (RTG), a full-service healthcare real estate advisory and services firm, to manage its 1.6-million- square-foot real estate portfolio. Based in Chattanooga, TN, Erlanger is a nationally acclaimed, six-hospital system that treats more than 600,000 people annually, with facilities […]
News Release: CROWN MEDREALTY PARTNERS ACQUIRES 51,429 SF MOB PORTFOLIO IN COLUMBUS, OHIO
Columbus, Ohio – August 9th, 2023 – Crown MedRealty Partners (“CROWN“), a premier healthcare real estate firm headquartered in Kansas City, Missouri, is pleased to announce its recent acquisition of a two-property medical office portfolio located in Columbus, Ohio. Comprising of two-adjoining buildings totaling 51,429 SF, the medical facilities are currently 100% leased to Central […]
News Release: Harrison Street Acquires New Medical Office Property in Escondido, California
Fully-Leased, Class-A Property is Part of Expanding Palomar Medical Center Campus CHICAGO, IL and ESCONDIDO, CA, August 8, 2023 – Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets, with approximately $56 billion in assets under management, today announced the acquisition of Palomar Health Outpatient Center III, a newly […]
News Release: RTG Partners with Erlanger Health to Provide Comprehensive Real Estate Management Services for 1.6-Million-Square-Foot Portfolio
(Knoxville, TN – July 2023) Erlanger Health, Inc. (Erlanger) recently announced a partnership with Realty Trust Group (RTG), a full-service healthcare real estate advisory and services firm, to manage its 1.6-million-square-foot real estate portfolio. Based in Chattanooga, TN, Erlanger is a nationally acclaimed, six-hospital system that treats more than 600,000 people annually, with facilities spanning […]
News Release: BOLOUR completes sale of medical office asset in Dallas, Texas
Building was the company’s first medical office acquisition in the DFW market Dallas, TX – (August 8, 2023) — Privately-owned real estate investment, development and finance company Bolour Associates Inc. (BOLOUR) has sold a Class A medical office building in Dallas, Texas after a 16-month hold period. It was the company’s first medical office acquisition […]
News Release: Berkadia Adds Director To Medical & Life Sciences Platform
Minneapolis, MN – August 7, 2023 – Berkadia announced today the addition of Director Patrick Abeln to the Medical & Life Sciences platform. Abeln will be based in Minneapolis and will be focusing on debt placement and JV equity structuring. Abeln will report to Senior Managing Director – Head of Medical & Life Sciences Sabrina […]
REIT Report: Patient and prudent, not stagnant
Deals might be slow now, but Physicians Realty Trust is optimistic about the future By John B. Mugford During a time of rising interest rates, harder-to-obtain debt for acquisitions, and a larger-than-normal pricing gap between what buyers would like to pay and what sellers would like to receive, medical office building (MOB) sales have dropped […]
News Release: MSU buys $48M property to house health care services
East Lansing, Mich. Aug. 8, 2023 — Michigan State University has purchased a two-building property that will house MSU Health Care providers under one roof, making services such as family medicine, pediatrics and ambulatory surgery more accessible to patients. The $48 million purchase, approved by the MSU Board of Trustees in February and finalized last month, is the […]
News Release: Medical Properties Trust, Inc. Reports Second Quarter Results
Per Share Net Loss of ($0.07) and Normalized FFO of $0.48 in Second Quarter August 08, 2023 08:00 AM Eastern Daylight Time BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the second quarter ended June 30, 2023, as well as certain events occurring subsequent […]
News Release: Montecito Medical Acquires Medical Office Portfolio in Chicago Area
Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired an 11,118-square-foot medical building in Hammond, IN. The building is 100% occupied by the Williams Eye Institute and serves as the group’s flagship location. The property is situated approximately 25 miles south of downtown Chicago. “We are thrilled to make another medical real […]
News Release: Sila Realty Trust, Inc. Second Quarter 2023 Results
August 07, 2023 04:16 PM Eastern Daylight Time TAMPA, Fla.–(BUSINESS WIRE)–Sila Realty Trust, Inc. today announced operating results for the second quarter ended June 30, 2023. Highlights of the Quarter Ended June 30, 2023 vs. June 30, 2022 Rental revenue was $45.0 million, and was unchanged. Net income attributable to common stockholders was $3.9 million, […]