News & Analysis: REIT makes $62.5M buy
VENTAS CLOSES ON THREE-BUILDING ACQUISITION By John Mugford At a couple of recent conferences and meetings focusing on healthcare real estate, Vincent M. “Vince” Cozzi, the managing director of acquisitions for Chicago-based Ventas Inc. (NYSE: VTR), made it clear that just because the company has plenty of cash on hand, it is not feeling any […]
News & Analysis: New name, same game
HTA AGREES TO ACQUIRE 20 MOBs FOR $155.1 MILLION By John Mugford Since moving to self-management in September and operating under its new name, Scottsdale, Ariz.-based Healthcare Trust of America Inc. (HTA) has not changed the way it goes about its business. For the last four years or so, ever since the non-traded real estate […]
News & Analysis: Reform equals MOB boon
MARCUS & MILLICHAP: DEMAND COULD BE 61M S.F. By John Mugford For quite some time now, healthcare real estate professionals have been saying that the passage of some form of universal healthcare coverage would likely result in increased demand for medical office buildings (MOBs) as well as other outpatient facilities. While such professionals have been […]
News & Analysis: REIT nabs $161.6M deal
SELLER IS AA-RATED SOUTH CAROLINA SYSTEM By John Mugford Finally, a headliner of a transaction in the medical office building (MOB) market. In what should prove to be one of the biggest – if not the biggest – MOB transactions of 2009, Grubb & Ellis Healthcare REIT Inc. announced July 15 that it has agreed […]
News & Analysis: New debt, new equity
LILLIBRIDGE GETS $250M REFI, PLUS $30M FROM PRU By John Mugford For many commercial property owners and developers – including those involved in healthcare real estate – the recession has put them in quite a financial pinch. They face difficulties in refinancing mortgages when debt maturities come due, and in trying to raise capital to […]
News & Analysis: $154M Baylor deal done
NOW DUKE SEEKS JV FOR ANOTHER 1.9 MILLION SF By John Mugford Now that Duke Realty Corp. (NYSE: DRE) has found an equity partner for its massive Baylor Cancer Center project, the firm is seeking a joint venture (JV) investor for 19 additional healthcare properties totaling more than 1.9 million square feet. That’s according to […]
News & Analysis: G&E REIT plans changes
NEW NAME AND $2.2 BILLION IN NEW EQUITY PLANNED By John Mugford One thing has been quite constant at Grubb & Ellis Healthcare REIT since it was established back in 2006, when it was known as NNN Healthcare/Office REIT: an aggressive appetite for acquiring medical office buildings (MOBs). This appetite for MOBs and other healthcare […]
News & Analysis: Carolinas to sell 15 MOBs
HR TRUST AGREES TO BUY PORTFOLIO FOR $162M By John Mugford There’s an interesting, potential silver lining type of irony taking place in healthcare real estate right now. At a time when the volume of medical office building (MOB) transactions is taking a hit because of the economic slowdown and tight capital markets (please see […]
News & Analysis: Cogdell Spencer JV
Cogdell ready to roll $350M JV FORMED WITH NORTHWESTERN MUTUAL By John Mugford For Charlotte, N.C.-based Cogdell Spencer Inc., the idea behind acquiring the country’s largest healthcare design/build firm earlier this year was to fuel growth by offering additional services to clients and expanding its platform nationwide. It was in March when publicly traded Cogdell […]
News and Analysis (July 2008)
Grubb goes to town HEALTHCARE REIT MAKES BUYS FOR $256M By John Mugford Don’t worry about whether Grubb & Ellis Healthcare REIT Inc. can wade through the current commercial lending crunch and slow economy. The Santa Ana, Calif.-based real estate investment trust (REIT) that focuses on healthcare properties went on a bit of a buying […]
News and Analysis: Tenet Portfolio (May 2008)
Tenet says the time is right JLL IS MARKETING 34 MOBS TOTALING 2.8M S.F. FOR PROVIDER By John Mugford The reasons that Dallas-based Tenet Healthcare Corp.’s (NYSE: THC) is looking to sell a portfolio of medical office buildings (MOBs) comprise the classic definition of a monetization in today’s world of healthcare real estate. For one […]
News & Analysis (May 2007)
ProMed is indeed pro-medical DIVISION OF ISRAELI FIRM LOOKS TO BUILD LARGE U.S. PORTFOLIO By John Mugford The latest announcement from ProMed Properties Inc. involves a significant healthcare acquisition: the $113 purchase of an 18-story, 435,500 square foot medical office and research building on the campus of the Science Center in the University City […]
News & Analysis: MOB data (April 2007)
MOB sales keep pace in 2006 CAP RATES DROPPED TO AVERAGE OF 6.8% IN FOURTH QUARTER By Jessica Griffith In the fourth quarter (Q4) of 2006, Cambra Realty purchased 120 South Spalding Drive in Beverly Hills, Calif., for $42 million at a rock-bottom capitalization rate of 4.9 percent. This 68,000 square foot medical office […]
News & Analysis (April 2007)
The power of 2 (portfolios) OHIO SYSTEM’S, DEVELOPER’S MOBs SELL FOR $100 MILLION By John Mugford As this edition was about to go to press, Healthcare Real Estate Insights™ learned of the closing of a major medical office portfolio in Ohio. And even though the sale of 11 medical office buildings (MOBs) […]
News & Analysis: Triple Net REIT (March 2007)
Triple Net launches healthcare REIT NNN STARTS WITH A PAIR OF INDIANA PROPERTIES By Jessica Griffith Triple Net Properties LLC of Santa Ana, Calif., has been buying up plenty of properties over the years. Its total portfolio of owned and managed commercial and multi-family facilities composes more than 32 million square feet. And […]