Transactions: Griffin-American REIT snaps up MOBs
DURING THE FIRST QUARTER OF 2012, THE UNLISTED REIT HAS BEEN ON A TEAR By John Mugford We realize that when it comes to our coverage of healthcare real estate transactions, we’ve been giving plenty of press to Griffin-American Healthcare REIT II, the unlisted healthcare real estate investment trust (REIT) based in Newport Beach, Calif. […]
Companies: CHS to buy assets of York, Pa., system
CAIN BROTHERS ASSISTING MEMORIAL HEALTH WITH SALE OF MULTIPLE FACILITIES By John Mugford It looks as if the high number of mergers and acquisitions activity among hospitals and health systems is going to continue throughout 2012, with a recent purchase by publicly traded Community Health Systems (NYSE: CYH) Inc. getting the ball rolling in the […]
Transactions: UHT buys Washington MOB for $31.1M
PUBLICLY TRADED REIT BUYS 99,000 SQUARE FOOT FACILITY FROM HEALTH SYSTEM By John Mugford Universal Health Realty Trust (NYSE: UHT) has been quite active in recent months – both buying and selling medical office building (MOB) assets. In late January, the King of Prussia, Pa.-based publicly traded real estate investment trust (REIT) was on the […]
News & Analysis: Centura MOB sale closes
SEAVEST, DENVER FIRM MAKE $41.25 MILLION BUY By John Mugford For a number of years, healthcare real estate professionals often used the term “classic monetization” to describe a transaction in which a hospital or health system sold a portfolio of medical office buildings (MOBs) in order to reinvest the proceeds back into its mission of […]
Editor’s Letter: Hungry for good news?
HOLIDAY TREATS PORTEND A SUCCESSFUL 2012 By John B. Mugford Dear Reader: Like almost everyone reading this publication, we tend to keep both eyes focused on healthcare real estate and our peripheral vision glancing on the leading U.S. economic indicators. After all, even though healthcare real estate is often dubbed “recession-resistant,” the economy certainly has […]
Companies: New firm H2C up and running, growing
THE BOUTIQUE ADVISORY IS ADDING PEOPLE, OFFICES AND NEW SERVICE AREAS By John Mugford Two months ago, Healthcare Real Estate Insights™ reported that several former healthcare investment banking executives had left Morgan Keegan & Co. Inc. to form a new advisory firm. Since then, that new company, New York-based Hammond Hanlon Camp LLC, also known […]
Companies: Plenty going on at Grubb & Ellis REIT
AMID CHANGING SPONSORS, FIRM ALSO REBUFFED A RECENT ACQUISITION OFFER By John Mugford It was an offer that surprised and was not taken seriously by officials with Grubb & Ellis Healthcare REIT II, soon to be known as Griffin-American Healthcare Trust Inc., a non-listed healthcare real estate investment trust (REIT). In early December, the board […]
Companies: MedProperties closes $50 million fund
REAL ESTATE PRIVATE EQUITY FIRM EXPECTS TO ADD THREE MORE ASSETS SOON By John Mugford Dallas-based MedProperties Holdings LLC recently closed its first healthcare real estate fund, an investment vehicle of about $50 million that currently includes six healthcare real estate assets. According to officials with Med Properties, the equity firm expects to add three […]
Special Report: 2012 prediction: déjà vu
HREI™ BOARD EXPECTS COMING YEAR TO BE SIMILAR By John Mugford Anyone hoping to get a preview of what the healthcare real estate sector will look like in 2012 can, for the most part, take a look back at 2011. That’s because some of the industry’s most experienced professionals believe that, barring any unforeseen circumstances, […]
News & Analysis: Ventas now king of MOBs
REIT BUYS COGDELL SPENCER AND ITS 72 BUILDINGS By John Mugford For many firms involved in the medical office building (MOB) sector, building a portfolio of significant scale requires years of developing and acquiring facilities. Chicago-based Ventas Inc. (NYSE: VTR), however, has taken a different and certainly quicker route to becoming the largest owner of […]
Product Focus: Q3 MOB sales totaled about $564M
AVERAGE SALE PRICE TOPPED $200 PSF FOR THE FIRST TIME IN THREE QUARTERS By John Mugford In a rather mundane but steady quarter for medical office building (MOB) sales, at least one somewhat important milestone was reached, or re-reached. While statistics from New York-based Real Capital Analytics (RCA) Inc. show that MOB sales in the […]
Company Profile: Small firm, big presence
GOOD REPUTATION KEEPS HEALTHAMERICA HUMMING By John Mugford When Thomas W. “Tommy” Tift III was in Los Angeles for a healthcare real estate conference and some meetings earlier this year, he took an afternoon away from business to enjoy the nice weather and squeeze in a round of golf. But the getaway quickly turned into […]
News & Analysis: Flagler, Investcorp do JV
JOINT VENTURE BUYS ONE OF FIRST MEDICAL MALLS By John Mugford When it was built back in 1996, Bethesda Health City in Boynton Beach, Fla., was one of the first medical mall developments in the country. The concept for this “one-stop” healthcare facility, like those that have followed, is to provide patients with a convenient […]
Industry Pulse: November 2011
NEWPORT BEACH, Calif. – There’s a new name among the companies actively involved in acquiring healthcare real estate, a sector that has seen quite a number of mergers and acquisitions among its leading companies in recent years. In this case, the independent members of the board of Grubb & Ellis Healthcare REIT II, an active […]
Special Report: Capital markets are stable – for now
BOMA PANEL PONDERS DEBT, EQUITY, CONSOLIDATIONS, MONETIZATIONS, MORE By Murray W. Wolf. After two difficult years, the current capital market environment for healthcare real estate might not be the “new normal,” as some have suggested. But prevailing conditions with respect to debt and equity markets, capitalization rates, and interest rates are likely to remain at […]