News Release: Kairos Real Estate Partners Announces Sale Of 123,000 Sf Office Property In Blue Bell, PA
April 1, 2020 – Kairos Real Estate Partners announced today the sale of its Class A office property located at 518 East Township Line Road, Blue Bell, Pennsylvania to AFA Real Estate Partners. Terms of the deal were not disclosed. Kairos and Artemis Real Estate Partners of Chevy Chase, Maryland, acquired the property in 2016. Situated […]
News Release: Just Closed | Campbell Station Medical Plaza
CBRE Capital Markets | Healthcare JUST CLOSED Campbell Station Medical Plaza 3098 Campbell Station Parkway | Spring Hill, TN Sale Date: 2/28/2020 Property Size: 22,579 SF Occupancy: 74.06% CBRE is pleased to announce the sale of Campbell Station Medical Plaza (the “Property”) in Spring Hill, Tennessee. Morgan Hillenmeyer, Douglass Johnson, Roscoe High and Nicole Filkins partnered with Lee […]
News Release: Montecito Acquires Fresenius Medical Office Property in Las Vegas
Montecito Medical Acquires Fresenius Medical Office Property in Las Vegas FOR IMMEDIATE RELEASE April 1st, 2020 Nashville, Tenn. — Montecito Medical Real Estate, a premier owner of medical office properties throughout the U.S., has acquired a prime medical office building and surgery center in Las Vegas. The property, which is 100-percent leased to affiliates of Fresenius […]
Feature Story: Are MOBs still ‘recession resistant?’ We might soon find out
At January’s Revista event, HRE finance execs discussed a potential downturn By John B. Mugford At the end of January, an economic downtown was not yet on the horizon, even though many businesspeople, including those involved in healthcare real estate (HRE), were thinking about and preparing for such a possibility. After all, strong economic cycles […]
News Release: Sabra Hires Darrin Smith as Executive Vice President – Investments
March 30, 2020 04:05 PM Eastern Daylight Time IRVINE, Calif.–(BUSINESS WIRE)–Sabra Health Care REIT, Inc. (NASDAQ: SBRA) announced today that Darrin Smith has joined the Company as Executive Vice President – Investments effective March 23, 2020. In this capacity, Mr. Smith will oversee the investment team and assist the Sabra leadership team on business development […]
News Release: Private investor purchases Huntington Beach medical office building
JLL Capital Markets completes the $20M sale of the 59,354-square-foot facility NEWPORT BEACH, Calif., March 30, 2020 – JLL Capital Markets announced today that it has completed the $20 million sale of Bella Terra Medical Plaza, a four-story, off-campus medical office building totaling 59,354 square feet in Huntington Beach, California. JLL represented the seller, Vibe […]
News Release: Mohawk Asset Management Corp. announces the purchase of an urban, on-campus medical office building in Chicago, IL
NEWS PROVIDED BY Mohawk Asset Management Corp. Mar 26, 2020, 16:26 ET TORONTO, March 26, 2020 /CNW/ – Mohawk Asset Management Corp. (“Mohawk”), a Toronto-based private equity and alternative asset management firm specializing in healthcare real estate, announced today the formation of Mohawk Chicago (Portage Park) Opportunity Partners (I) LP and the purchase of an urban, on-campus medical office building […]
News Release: MD Anderson MOB
CLOSED Cadence Capital Partners Healthcare Real Estate Group $115,000,000 Acquisition MD Anderson Cancer Center • Long-term NNN Lease • Core MOB • 200,000 SF • The Woodlands (Houston), TX Michael Bennett Managing Principal mbennett@cadencerec.com cadencerec.com
News Release: JDS Real Estate Services, Inc. in Association with Out-of-State Co-Broker Bear Real Estate Advisors Represents Global Medical REIT in Acquisition of North Carolina Medical Office Building
NEWS PROVIDED BY Bear Real Estate Advisors Mar 25, 2020, 13:00 ET CHARLOTTE, N.C., March 25, 2020 /PRNewswire/ — JDS Real Estate Services, Inc. in association with out of state co-broker Bear Real Estate Advisors, a real estate investment services firm, announced today that it represented Global Medical REIT Inc. in its acquisition of an approximately 98,000-square-foot medical office […]
Project Case Study: MOB spurs mixed-use success
Rothman-branded MOB was the key for Atkins’ suburban Philadelphia project By John B. Mugford The notion that medical office buildings (MOBs) can be integral components of mixed-use projects is not completely new, as the concept has been gaining steam for several years now. About 20 miles south of Philadelphia in Sewell, N.J., the idea has […]
Transactions: Newsbreak (March/April 2020 edition)
In first phase of its monetization, Providence St. Joseph sells 10 properties for $59 million WEST COAST – As Providence St. Joseph Health (PSJH), a West Coast-based health system with 50 hospitals and 829 clinics, looks to right-size its real estate holdings and unlock capital, it recently sold 10 properties in the West with 344,000 […]
Transactions: Harrison Street nabs Houston-area asset for $115M
Harrison Street acquires the 208,000 s.f. MD Anderson outpatient facility in Conroe, Texas By John B. Mugford CONROE, Texas — While the outbreak of the COVID-19 pandemic could possibly result in a slowdown in the medical office building (MOB) transactions market, a large deal involving a trophy asset outside of Houston closed just as the […]
REIT Report: DOC, Ventas provide COVID-19 updates
While acknowledging uncertainty, CEOs say their healthcare REITs and portfolios are strong By John B. Mugford MILWAUKEE and CHICAGO – Because it is so heavily invested in medical office buildings (MOBs) that are “critical” to the delivery of healthcare, officials with Milwaukee-based Physicians Realty Trust (NYSE: DOC) say they believe that the publicly traded healthcare real […]
Feature Story: High demand, high prices in SoCal
InterFace HRE West provider panel discusses space needs in Greater L.A. By John B. Mugford NOTE: This article was written with information from a panel session that took place prior to the outbreak of the COVID-19 pandemic in the United States. As a result, much of what was discussed might not hold true for the […]
News Release: Anchor Health Properties Acquires Strategic Investment in Affluent Submarket of Howard County, Maryland
FOR IMMEDIATE RELEASE March 23, 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 invested in an institutional quality medical office building and ambulatory surgery center located in Ellicott City, Maryland. Anchor directly acquired the asset with the […]