News & Analysis: ProMed buys in Boston
COMPANY PAYS $112M FOR MOB, RESEARCH BUILDING By John Mugford The goal of ProMed Properties is to become the “dominant owner and operator” of medical office buildings (MOB) in high barrier-to-entry markets in the Mid-Atlantic and Northeast regions of the country In recent days, the North Miami, Fla.-based healthcare real estate investor took another step […]
News & Analysis: ARC reveals $257M deal
ACQUISITION TO INCLUDE ASCs, MOBs AND MORE By John Mugford The healthcare real estate market has been buzzing and speculating in recent weeks, ever since Boston-based American Realty Capital Healthcare Trust Inc., a non-traded real estate investment trust (REIT), announced that it was acquiring a dozen medical properties for a price of $257.5 million. With […]
News & Analysis: G&E finds off-market deal
REIT PAYS $30M FOR PART OF A SEAVEST PORTFOLIO By John Mugford As several of the country’s publicly traded healthcare real estate investment trusts (REITs) grow larger through mergers and acquisitions (M&As), they are less likely to be interested in smaller deals of,perhaps, under $50 million. As a result, this super-sizing of the healthcare REITs […]
News & Analysis: Five LTACs fetch $113M
FACILITIES WERE DEVELOPED, SOLD BY MEDISTAR By John Mugford It looks as if long-term acute care hospitals (LTACs) have hit the radar screen of quite a number of healthcare real estate investors. An example can be found in two recent transactions that, surprisingly, received little publicity at the time of the closings, even here on […]
News & Analysis: Big REIT makes big buy
HR ACQUIRES BAYLOR FACILITY IN FRISCO, TWO MOBs By John Mugford Nashville, Tenn.-based Healthcare Realty Trust (NYSE: HR) closed out 2010 with a big acquisition in Texas. The large healthcare real estate investment trust (REIT) acquired the campus of Baylor Medical Center at Frisco, which is comprised of a 68-bed acute care hospital and two […]
News & Analysis: MOB sales jumped in Q3
VOLUME TOPPED $1 BILLION; FIRST TIME SINCE Q2 2008 By John Mugford Anyone hoping for a bounce back in medical office building (MOB) sales starting in the second half of 2010 certainly got what they wished for. For the third quarter (Q3), which ended Sept. 30, MOB sales totaled $1.083 billion, according to data compiled […]
News & Analysis: Tenet sells nine South Florida MOBs
JOINT VENTURE OF LOCAL FIRM, LARGE INVESTOR BUYS EIGHT PROPERTIES By John Mugford It’s been almost three years since Dallas-based Tenet Healthcare Corp. (NYSE: THC) announced that it planned to sell a massive portfolio of 34 medical office buildings (MOBs) located on or near its hospital campuses. Well, everyone knows what happened since then to […]
News & Analysis: HTA plans $196.6M buy
REIT AGREES TO ACQUIRE THREE-STATE PORTFOLIO By Murray W. Wolf Healthcare Trust of America Inc. (HTA) has agreed to acquire a three-state, nine-building, 960,000 square foot medical office building (MOB) portfolio for $196.645 million. The pending deal, which was announced just as this edition of Healthcare Real Estate Insights™ was about to go to press, […]
News & Analysis: Sold: Three Denver MOBs
SEPARATE DEALS WITH TWO BUYERS NET $53.25M By John Mugford The notion that investors are ready and willing to pay good money for high-quality, well-located medical office buildings (MOBs) held true in Denver in recent weeks. Three MOBs offered by the company that developed them, Development Solutions Group LLC, which has offices in Denver and […]
News & Analysis: A Texas-sized lease deal
MEMORIAL HERMANN TAKES MORE THAN 800,000 S.F. By Murray W. Wolf As the largest not-for-profit healthcare provider in one of the nation’s largest cities, Memorial Hermann Healthcare System has shown a preference for maintaining direct control of its millions of square feet of on-campus medical office space across the Houston area. The only one of […]
Inpatient Projects: Clarian’s Indy expansion is a big one
METHODIST HOSPITAL PLAN COULD COST UP TO $500 MILLION, ADD UP TO 250 BEDS By John Mugford Before the recession, announcements like the one recently coming from Clarian Health System in Indianapolis had become somewhat commonplace. Many large hospitals were planning big expansion projects in order to keep up with demand and/or stave off […]
News & Analysis: Lillibridge’s final recap
SALE TO VENTAS WILL PROVIDE GROWTH CAPITAL By John Mugford The pending $300 million to $400 million sale of Lillibridge Healthcare Services Inc. and its vast medical office building (MOB) portfolio to publicly traded Ventas Inc. (NYSE: VTR) made quite a splash in various news outlets in the days following the big announcement. Should the […]
News & Analysis: HCN diversifies into bio
HEALTH CARE REIT BUYS INTO LIFE SCIENCES PARK By John Mugford Health Care REIT Inc. (NYSE: HCN) has become the latest healthcare real estate investment trust (REIT) to make a major play in the life sciences sector, taking an ownership interest in what many consider to be the nation’s premier biopark. The Toledo, Ohio-based REIT […]
News & Analysis: First buy for G&E REIT II
TRUST OFF AND RUNNING WITH DEAL IN MINNESOTA By John Mugford Here comes Grubb & Ellis Healthcare REIT II. The newly formed, privately held real estate investment trust (REIT) recently entered an agreement to make its first medical office building (MOB) acquisition: a 36,600 square foot, two-building facility in Sartell, Minn. The Santa Ana, Calif.-based […]
Capital Markets Snapshot: Unscientific prediction: 2010 rebound
IF WHAT’S HAPPENING AT HREI™ IS ANY INDICATION, NEXT YEAR WILL BE BETTER By Murray W. Wolf Although they still graciously provided the financial data below, our friends at Cain Brothers & Co. are taking a well-deserved rest from writing the Capital Markets Snapshot narrative this month. So it falls to the Healthcare Real Estate […]
