News Release: American Healthcare Investors Negotiates Credit Facility of up to $650 Million on Behalf of Griffin-American Healthcare REIT IV
Irvine, Calif. (Nov. 27, 2018) – American Healthcare Investors, LLC and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced today that the REIT and certain of its subsidiaries have entered into a new credit facility totaling $400 million with Merrill Lynch, Pierce, Fenner & Smith Incorporated, Key Bank Capital Markets and […]
News Release: Hanley Investment Group Arranges Sale of MedExpress Urgent Care Ground Lease in O’Fallon, Illinois
This transaction marks the fourth single-tenant MedExpress sold by Hanley Investment Group in the last 18 months. CORONA DEL MAR, Calif. – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has completed the sale of a single-tenant retail […]
News Release: Capital One provides two loans totaling $329.6 million to refinance two medical office building portfolios
FOR IMMEDIATE RELEASE Capital One Provides $107 Million Loan to Refinance Medical Office Building Portfolio Chicago, Ill. (November 26, 2018) – Capital One announced today that it provided a $107 million adjustable rate loan to refinance a 20-asset medical office building portfolio totaling 789,000 square feet. The borrower is a joint venture owned by Kayne Anderson […]
Companies & People: Griffin-American Healthcare REIT III reports Q2 operating results; portfolio valued at $3 billion
Irvine, CA – Irvine-based Griffin-American Healthcare REIT III Inc. announced its operating results for the second quarter (Q2), when the non-traded real estate investment trust (REIT) achieved an average occupancy of 92.4 percent in its non-RIDEA properties and
Companies & People: Raymond James’ team advises Glens Falls, N.Y., hospital on sale of renal operations
Glens Falls, NY – The Healthcare Finance Group of St. Petersburg, Fla.-based Raymond James Financial (NYSE: RJF) recently served as the strategic advisor to Glens Falls Hospital on the sale of its dialysis operations. The buyer was Nashville, Tenn.-based Dialysis
Companies & People: Welltower closes offering of $1.3 billion in senior unsecured notes; will repay loan facility
Toledo, Ohio – Toledo-based Welltower Inc. (NYSE: WELL) announced that it has closed its offering of $1.3 billion in aggregate principal senior unsecured notes across three tranches. The notes have a weighted average maturity of 15.4 years and a blended yield
Companies & People: Consulting firm Ankara acquires business units from Navigant for $470 million
Washington DC – Washington-based Ankura, a business advisory and services firm, has closed on its previously announced acquisition of two business units from Chicago-based Navigant Consulting (NYSE: NCI), a well-known consulting firm in the
Companies & People: Ackerman & Co. expands its healthcare platform, hiring Brett Buchwald and Larry Jarema
Atlanta – In continuing to grow its healthcare real estate services platform, Atlanta-based Ackerman & Co. recently hired Brett Buchwald to specialize in medical office investment sales and Larry Jarema to focus on landlord and tenant representation. Mr.
Companies & People: Matt Bremner joins Bremner Real Estate as SVP of operations; was formerly with Duke Realty
Indianapolis – A familiar name has joined the Indianapolis-based HRE firm Bremner Real Estate. Matt Bremner, son of company founder Jim Bremner, is the company’s SVP of operations, a role that has him focused on operational, financial and legal needs. Prior
Industry Pulse: Two more MOB portfolios hit the market
Offered together, the Flagship and HSA packages total 479,092 square feet If 2017 was “The Year of the Portfolio” with respect to the total dollar volume of multi-asset medical office building (MOB) transactions, 2018 might be shaping up to be “The Year of the Portfolio” in terms of the sheer number of MOB portfolios being […]
News Release: Florida Hospital Flagler Set to Build $25 Million Freestanding ER, Medical Office Building in Palm Coast
Palm Coast, Fla., November 20, 2018 – During Monday evening’s Flagler County Board of County Commissioners meeting, Florida Hospital Flagler agreed to purchase six acres in northern Flagler County to build a hospital-based emergency department and a medical office building. Located near I-95 Exit 293 at Matanzas Woods Parkway, near Matanzas High School, Florida Hospital Flagler […]
News Release: Penn Med under construction on Phila’s Main Line
IMC Construction to Build Penn Medicine’s new Outpatient Facility Advanced outpatient care center located in Radnor Philadelphia, PA (Nov 2018) — IMC Construction, a nationally-recognized, full-service construction company, broke ground recently on a multispecialty outpatient facility for the University of Pennsylvania Health System. The four-story, 250,000-square-foot center in Radnor further expands Penn Medicine’s services throughout […]
News Release: Carter Validus Mission Critical REIT II, Inc. Reports Third Quarter 2018 Results
Tampa, Fla.–(Business Wire)–Carter Validus Mission Critical REIT II, Inc., or the Company, announced today its financial and operating results for the quarter ended September 30, 2018. 2018 Third Quarter Summary Net income attributable to common stockholders totaled $7.7 million. Net operating income, or NOI, totaled $36.1 million. Funds from operations, or FFO, as defined by the […]
News Release: Animas Surgical Hospital Breaks Ground on Expansion
A new chapter in the history of Animas Surgical Hospital began on November 17, 2018, with the official groundbreaking for their new $31 million Medical Office Building and Surgical Center. The new three-story, 73,125-square-foot building will contain medical offices, an outpatient surgical center, and a retail pharmacy. The new building is located next to and […]
News Release: Anchor Health Properties completes development of new TVEC Surgery Center
FOR IMMEDIATE RELEASE November 19, 2018 (Charlottesville, VA) Anchor Health Properties (Anchor), in collaboration with Tennessee Valley Eye Center (TVEC), announces the grand opening of the new 18,000-square foot state-of-the-art ambulatory surgery center. Located on Capital Drive in Knoxville, TN, TVEC’s new facility will be the largest dedicated ophthalmology surgery center in the state. The […]