News Release: H2C Secures Construction Debt for Development of IRF and LTACH
NEW YORK — H2C Securities Inc. (“H2C”), a healthcare-focused strategic advisory and investment banking firm, served as the exclusive financial advisor to a privately held joint venture that is developing a 62-bed, 74,640- square-foot inpatient rehabilitation facility (“IRF”) and long-term acute care hospital (“LTACH”) in Miamisburg, Ohio, to be known as ”Post Acute Medical of […]
News Release: Hines, Harrison Street and 2ML Real Estate Break Ground on First Phase of 53-Acre Life Sciences District in Houston
Marks First Commercial Lab Space in Levit Green Life Sciences District Near Texas Medical Center OCTOBER 5, 2021 (HOUSTON) – Hines, the international real estate firm, and Harrison Street, a leading investment management firm exclusively focused on alternative real assets, in partnership with 2ML Real Estate Interests, have broken ground on the first building at […]
News Release: Bain Capital Real Estate and Evergreen Medical Properties Acquire Two Medical Office Buildings
BOSTON and DENVER, October 5, 2021 — Bain Capital Real Estate, the real estate investing business of Bain Capital, and Evergreen Medical Properties, a company that invests in, leases and manages healthcare facilities, today announced the acquisition of two properties in suburban St. Louis, Missouri and in Providence, Rhode Island with a combined total of […]
Transactions: The year’s largest MOB deal is likely to close in Q4
DOC to acquire 15 MOBs in eight states for $764.3M; sources indicate Landmark is the seller By John B. Mugford In what healthcare real estate (HRE) sector sources say will likely end up as the biggest — by dollar value — medical office building (MOB) portfolio sale of 2021, Milwaukee-based Physicians Realty Trust Inc. (NYSE: […]
Companies & People: Rendina and Artemis find a fit
Richard M. Rendina and Kevin Nishimura provide an inside look at their new JV By John B. Mugford Back in 2013, the executive leadership team at Rendina Healthcare Real Estate (HRE), a well-known, long-term and successful HRE development firm, went through the process of seeking a potential institutional equity partner for making acquisitions and developing […]
News Release: Montecito Acquires Medical Office Property in Rhode Island
FOR IMMEDIATE RELEASE October 5, 2021 Nashville, Tenn. — Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of a medical office building in East Greenwich, Rhode Island, that is home to one of the region’s leading orthopedic groups. Constructed in 2013 and renovated in 2020, the building […]
News Release: Harrison Street Reaches Hard Cap and Raises $2.5 Billion in Equity for Eighth U.S. Opportunistic Real Estate Fund, Firm’s Largest Closed End Fund Ever
2021 among most active periods in Harrison Street’s 16-year history Executed $15 billion in transactions and raised over $6.9 billion in capital across strategies since the start of the pandemic October 05, 2021 08:00 AM Eastern Daylight Time CHICAGO–(BUSINESS WIRE)–Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets, today […]
News Release: MedCraft Healthcare Real Estate Partners with Yale New Haven Health System to Finalize the Purchase of Vacant Macy’s Store at Meriden Mall in CT
Repurposed 179,285 square-foot facility makes retail health strategy for Connecticut’s leading health system possible and brings premier healthcare services to the community Minneapolis, Minn. – October 4, 2021 – MedCraft Healthcare Real Estate, a leading healthcare real estate firm that provides advisory, development and financing services to health systems and physician practices, facilitated the acquisition […]
News Release: SRS National Net Lease Group Announces Sale of Conviva Care Center in West Palm Beach
Fort Lauderdale, FL (October 4, 2021) — SRS Real Estate Partners’ National Net Lease Group (NNLG) announced it has completed the sale of a freestanding Conviva Care Center, located at 5799 Lake Worth Road in Greenacres, FL. Conviva is a subsidiary of Humana Inc. a leading provider of senior-focused primary health care in Florida and […]
News Release: American Healthcare REIT Formed Upon Completed Merger of Griffin-American Healthcare REIT III and Griffin-American Healthcare REIT IV and Acquisition of American Healthcare Investors
Transaction creates $4.2 billion self-managed, diversified healthcare REIT IRVINE, Calif. (Oct. 1, 2021) – American Healthcare REIT, Inc. (formerly known as Griffin-American Healthcare REIT IV, Inc., or “GAHR IV”) announced today that it has completed its merger with Griffin-American Healthcare REIT III, Inc. (“GAHR III”) in a tax-free, stock-for-stock transaction that created a combined company […]
News Release: Ridgeline Capital Partners Acquire Two Medical Office Buildings from Separate Sellers
FOR IMMEDIATE RELEASE October 1, 2021 Dallas, Texas – Ridgeline Capital Partners (“Ridgeline”), an owner of healthcare real estate, is pleased to announce that the firm has closed on two acquisitions of medical office buildings in DFW. Ridgeline acquired a 34,000 SF MOB in McKinney, Texas and a 20,200 SF MOB in Fort Worth, Texas. […]
News Release: JUST SOLD – Value-Add Medical Office Project Transacted for $468 PSF in Burbank, CA
JUST SOLD 2701 West Alameda Avenue | Burbank, CA CBRE’s Investment Properties–California/Arizona/Nevada team is pleased to announce the sale of 2701 W. Alameda Avenue in Burbank, California, for $23.9 million ($468 PSF). The 50,986-square-foot medical office project was available for sale for the first time since it was built more than 50 years ago. At […]
News Release: CBRE Announces the Sale of 50,986 Square-Foot Medical Office in Burbank to GPI Companies for $23.9 Million
Press Release FOR IMMEDIATE RELEASE CBRE Announces the Sale of 50,986 Square-Foot Medical Office in Burbank to GPI Companies for $23.9 Million Transaction received strong interest and multiple offers Los Angeles – Oct. 1, 2021 – CBRE announced the sale of a 50,986 square-foot on-campus medical office property in Burbank, Calif. for $23.9 million, or […]
News Release: The Easton Group Advises on Sale of Ft. Worth, Texas Medical Office Building
FOR IMMEDIATE RELEASE Transaction closed September 30 for newly constructed building with single tenant Ft. Worth, Texas (Sept. 30, 2021) The Easton Group, a leading commercial real estate firm in Miami, arranged the sale of a 20, 200-square-foot medical office building in Ft. Worth, Texas to Dallas-based Ridgeline Capital Partners. The transaction closed September 30. […]
News Release: Physicians Realty Trust Announces Agreement to Purchase Medical Office Portfolio for $764 Million
October 01, 2021 05:56 PM Eastern Daylight Time MILWAUKEE–(BUSINESS WIRE)–Physicians Realty Trust (NYSE:DOC) (the “Company,” the “Trust,” “we,” “our” and “us”), a self-managed healthcare real estate company, announced today that the Company, through its operating partnership, Physicians Realty L.P., a Delaware limited partnership (the “Operating Partnership”), has executed a Master Transaction Agreement for the acquisition […]