Feature Story: Even if there is short-term pain, MOBs are a strong investment
Panelists on a Marcus & Millichap webinar reiterate why they are bullish on the property type NATIONAL — Because medical office buildings (MOBs) have fared rather well during the COVID-19 pandemic, with rent collections remaining very strong for many landlords, capitalization rates, or first-year estimated returns, for the product type have not risen much at all. […]
News Release: Anchor Health Properties Acquires Key IRF in Target Mid-Atlantic Market
FOR IMMEDIATE RELEASE June 15, 2020 (Media, PA) Anchor Health Properties (Anchor), a national full service healthcare real estate development, management, and investment company focused exclusively on medical facilities, has recently acquired a 42,140 square foot Class A Inpatient Rehabilitation Facility (IRF) located in Dover, Delaware. Anchor acquired the asset through a joint venture with […]
News Release: Hospital In $650M Portfolio Now LEED Silver
FOR IMMEDIATE RELEASE Hoefer Wysocki, JE Dunn Construction Earn LEED Silver Designation for Hurlburt Field Medical Clinic Modernization KANSAS CITY, Mo. (June 15, 2020) – Architectural firm Hoefer Wysocki and JE Dunn Construction recently achieved LEED Silver certification from the U.S. Green Building Council (USGBC) for the healthcare complex modernization and expansion at Hurlburt Field, an […]
News Release: Flagship Healthcare Properties Expands North Carolina Presence With Recent Acquisitions
NEWS RELEASE FOR IMMEDIATE RELEASE Healthcare real estate firm acquires medical office buildings in Hickory, North Carolina Charlotte, N.C. (June 15, 2020) — Flagship Healthcare Properties (Flagship), an outpatient healthcare real estate firm, expands its North Carolina footprint with the acquisition of three outpatient medical office buildings (MOB) in Hickory, N.C. totaling 88,000 square feet. […]
News Release: IRA Capital acquires New York medical building anchored by Mt. Sinai & NYU
June 10, 2020 Southern California private equity firm IRA Capital has purchased a three-story 41,500 square foot medical office building in Manhasset (Long Island) anchored by Mount Sinai Health System and NYU Langone Medical Center. The facility serves as a multi-specialty clinic for Mount Sinai, offering internal medicine, gastroenterology, and cardiology services. Mount Sinai Health […]
News Release: Crown Tenant Advisors Increases Medical Division
FOR IMMEDIATE RELEASE Shelton Foreman joins healthcare real estate firm representing physicians in Georgia Atlanta, GA, June 11, 2020 – Crown Tenant Advisors, a boutique healthcare real estate firm, announced today the hiring of new Director, Shelton Foreman. Foreman is a licensed commercial real estate broker and will be responsible for serving the real estate […]
News Release: Just Closed – Walker Medical Building
CBRE Healthcare Capital Markets | Healthcare JUST CLOSED WALKER MEDICAL BUILDING St. Louis, MO Sale Date: 5/29/2020 Building Size: 129,590 SF Occupancy: 82% CBRE Capital Markets | Healthcare and Life Sciences is pleased to announce the sale of the Walker Medical Building (the “Property”). Lee Asher, Chris Bodnar, Ryan Lindsley, Jordan Selbiger and Sabrina Solomiany […]
News Release: Anthony Frogameni has joined Optimal Outcomes as Vice President of Development
St. Petersburg, FL-based Optimal Outcomes announced that Anthony Frogameni has joined the firm as Vice President of Development. Mr. Frogameni brings over five years of experience specific to the healthcare real estate sector, most recently serving as a Director on the national healthcare capital markets team at HFF and JLL, where he was involved in […]
Feature Story: MOBs proving ‘resilient’ once again
But senior housing is struggling. That and more from 2020 REITweek event. By Murray W. Wolf and John B. Mugford The annual three-day REITweek conference is the single most important event of the year for securities analysts and others who follow real estate investment trusts. The analysts, along with institutional investors and representatives from sponsoring […]
News Release: Cornerstone Companies, Inc. to develop 40,000 SF MOB in Carmel, Indiana
INDIANAPOLIS – Cornerstone Companies, Inc. (Cornerstone) recently closed on a three-acre parcel of land at 12174 North Meridian Street in Carmel, Indiana. Cornerstone plans to develop a three-story, 40,000-square-foot medical office building at the site, which sits along Carmel’s bustling medical corridor. The project, known as Carmel Medical Arts Pavilion, will include four healthcare tenants. […]
News Release: Just Closed – Humana Primary Care Center
CBRE Healthcare Capital Markets | Healthcare and Life Sciences JUST CLOSED HUMANA PRIMARY CARE CENTER Denver, CO Sale Date: 6/1/2020 Property Size: 6,650 SF Sale Price: $4.48M Price Per SF: $674 Occupancy: 100% CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of the Humana Primary Care Center (the “Property”), […]
News Release: Stan Johnson Company Arranges Sale of Magan Medical Clinic in Covina, California for $39.9 Million
June 8, 2020 Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a 62,969-square-foot single-tenant medical clinic located at 420 West Rowland Street in Covina, California. The facility was purchased by IRA Capital, LLC based in Irvine, California, for $39.9 million. The seller, Genesis KC Development, […]
News Release: The Sanders Trust announces completion of expansion project at Tulsa, Oklahoma rehabilitation hospital
Birmingham, Ala., June 8, 2020 – The Sanders Trust, one of the nation’s leading healthcare real estate investment companies, announces the completion of an expansion project at PAM (Post Acute Medical) Rehabilitation Hospital in Tulsa, Oklahoma, which the firm acquired in July 2018. Built in 2017, PAM Rehabilitation Hospital of Tulsa originally provided 40 private patient rooms. The 8,100 SF addition has added another 13 beds, […]
News Releases: H2C Advises Tower Health on $455.3 Million Bond Financing
FOR IMMEDIATE RELEASE NEW YORK — June 4, 2020 — Hammond Hanlon Camp LLC (“H2C”), a healthcare-focused strategic advisory and investment banking firm, through its wholly owned subsidiary, H2C Securities Inc. (“H2C”), served as the exclusive financial advisor to Tower Health (“Tower”) in the issuance of $455.3 million in bonds. The transaction consisted of $44.7 million […]
Feature Story: Alternative assets are looking good
NKF webcast discusses why MOBs and other alternatives should perform well By John B. Mugford Although the capital markets for commercial real estate have “experienced extreme volatility” during the COVID-19 pandemic, a team with New York-based Newmark Knight Frank (NKF) believes acquisitions of “alternative assets,” including medical office buildings (MOBs), are poised to make a […]