News Release: HCP to Sell a Portfolio of 64 Brookdale Communities for $1.125 Billion
News Release Issued: Nov 1, 2016 (8:01am EDT) Resulting in Lower Brookdale Concentration; Improving HCP’s Lease Coverage and Balance Sheet IRVINE, Calif., Nov. 1, 2016 /PRNewswire/ — HCP (NYSE:HCP) today announced that it has entered into definitive agreements to sell a portfolio of 64 properties leased to Brookdale Senior Living, Inc. (“Brookdale”) for an […]
News Release: HCP Declares Quarterly Cash Dividend on Common Stock
News Release Issued: Nov 1, 2016 (8:00am EDT) IRVINE, Calif., Nov. 1, 2016 /PRNewswire/ — HCP (NYSE:HCP) announced that its Board of Directors declared a quarterly common stock cash dividend of $0.37 per share. The dividend will be paid on November 25, 2016 to stockholders of record as of the close of business on November […]
News Release: HCP, Inc. Completes Spin-Off of Quality Care Properties, Inc.
News Release Issued: Oct 31, 2016 (4:15pm EDT) Quality Care Properties to Begin “Regular Way” Trading on NYSE on November 1 IRVINE, Calif., Oct. 31, 2016 /PRNewswire/ — HCP, Inc. (NYSE:HCP) announced today that it has completed the previously announced spin-off (the “Spin-Off”) of its HCR ManorCare portfolio of skilled nursing and assisted living assets, as […]
News Release: Ryan Breaks Ground on 610 Medical Center in Brooklyn Park, Minn.
MEDIA ALERT October 28, 2016 What: Ryan Companies US, Inc. is hosting a groundbreaking ceremony to celebrate the start of construction for 610 Medical Center, a 40,000 square-foot state-of-the-art outpatient services center located within the 610 Zane Business Park in Brooklyn Park. The building is scheduled to open in June 2017 and will be anchored […]
News Release: Healthcare Landlord Leasing Specialist Michelle Lagos Joins Meridian as Senior Asset Manager
FOR IMMEDIATE RELEASE: IRVINE, Calif. – Meridian, a full-service real estate developer specializing in acquiring and developing real estate facilities for the healthcare sector, announced today that healthcare leasing specialist Michelle Lagos was hired as the senior asset manager and will play an active role in the management of Meridian’s Southern California portfolio. “In her […]
News release: Just Sold – Medical Office Building Sells to Owner/User – Fullerton, CA
1815-1837 Sunny Crest Drive, Fullerton, Calif. CBRE’s Investment Properties-So Cal team is pleased to announce the sale of a single tenant medical office building located at 1815-1837 Sunnycrest Drive in Fullerton, CA. The sale price was $6,500,000 or $250 PSF. Gary Stache, Brad McCarthy and Doug Mack of CBRE represented the both the seller and […]
News Release: Seavest begins development of new MOB for CHRISTUS Santa Rosa’s Children’s Hospital of San Antonio
Private investment management firm develops three-story, 60,000 square foot Health Pavilion at Stone Oak with Trammell Crow SAN ANTONIO and WHITE PLAINS, N.Y., Oct. 26, 2016 – CHRISTUS Santa Rosa Health System’s Children’s Hospital of San Antonio is bringing higher-quality, more comprehensive and more convenient pediatric care, ambulatory and emergency services to North San Antonio […]
Cover Story: What’s in your wallet?
Healthcare real estate compensation survey unveiled By John B. Mugford Most companies in almost any sector would like to know, or sometimes feel a need to know, how the pay and benefits they provide to their employees stacks up against other, similarly sized firms in the same industry. Such information can be valuable when hiring […]
Transactions: Big sale in the heart of Houston
Iconic twin tower and another clinical building purchased by Texas Children’s By John B. Mugford One of the most recognizable medical office buildings (MOBs) in the vast Texas Medical Center just outside of Houston recently traded hands as part of a big two-building transaction between affiliated but separate health systems. The buyer, Texas Children’s Hospital, […]
Transactions: Brackett Flagship makes joint venture MOBs acquisitions in North Carolina and Virginia
CHARLOTTE, N.C. – Flagship Healthcare Real Estate Fund II LLC, a joint venture (JV) of Brackett Flagship Properties and Broyhill Asset Management, announced Sept. 8 that it had acquired a 35,854 square foot, off-campus MOB in Greensboro, N.C.
Transactions: Six years after buying MOB in Lanham, Md., Heitman- NexCore sell the asset
LANHAM, Md. – Denver-based NexCore Group and joint JV partner Heitman LLC of Chicago recently sold a 64,261 square foot MOB in Lanham that the partnership acquired in June 2011.
Transactions: G-A REIT IV announces pending MOB deal near Charlotte, N.C., and closes on three other MOBs
MINT HILL, N.C. – Griffin-American Healthcare REIT IV Inc. (G-A REIT IV) announced Oct. 6 that it has agreed to acquire a 57,800 square foot MOB in the Charlotte, N.C., suburb of Mint Hill.
Transactions: Montecito Medical Real Estate acquires 34,000 square foot eye care facility in Portland, Maine
PORTLAND, Maine – Brentwood, Tenn.-based Montecito Medical Real Estate announced Oct. 5 that it has acquired the Maine Eye Center facility at 15 Lowell St. in Portland for an undisclosed price.
Transactions: Seavest buys Virginia MOB’s twin
Private investor acquires its second building on Fair Oaks campus in Fairfax, Va. By John B. Mugford As part of its ongoing strategy of acquiring medical properties to which it can add value, White Plains, N.Y.-based Seavest Healthcare Properties LLC recently acquired another medical office building (MOB) on the campus of the 182-bed Inova Fair […]
Hot Property: Portfolio totals 187,326 square feet
Newly constructed facilities are in Fort Worth, Houston, Austin and Pittsburgh Name: IRA Medical Portfolio Number of buildings: 5 Locations: Texas, Pennsylvania Total square footage: 187,326 Occupancy: 100% Avg. remaining lease term: 8.4 years Seller: IRA Capital Brokerage: HFF Group: National Medical Office Advisors Brokers: Philip Mahler, Evan Kovac Even though demand continues to run […]