Companies & People: USAA teams with Brackett Flagship
Regional healthcare real estate partnership seen as first step in national roll-out By Murray W. Wolf San Antonio-based USAA Real Estate Co. and Brackett Flagship Properties LLC of Charlotte, N.C., have formed a healthcare real estate (HRE) joint venture (JV) focused on the Southeastern region of the United States. For USAA, the partnership is the start of […]
Companies & People: Marcus & Millichap brokers $14.8 million sale of single-tenant MOB in Fort Myers, Fla.
FORT MYERS, Fla. – Marcus & Millichap (NYSE: MMI) announced March 25 that it has arranged the sale of the 39,281 square foot Orthopedic Medical Center in Fort Myers for $14.8 million, or about $377 PSF. The buyer is New York-based Rose Hill Fort Myers LLC and the seller was The Macsydney Co. LLC. CNL […]
Companies & People: Investment bank Brown Gibbons Lang & Co. expands its healthcare group
ATLANTA – Brown Gibbons Lang Real Estate Partners (BGLRP), a division of Brown Gibbons Lang & Co. (BGL), announced March 25 that it has added two senior associates to its National Healthcare Real Estate Group. The new additions, based in Atlanta, are Andrew R. Larwood and Allen C. Inman. BGL is a middle market investment […]
Companies & People: Investment bank Brown Gibbons Lang & Co. expands its healthcare group
ATLANTA – Brown Gibbons Lang Real Estate Partners (BGLRP), a division of Brown Gibbons Lang & Co. (BGL), announced March 25 that it has added two senior associates to its National Healthcare Real Estate Group. The new additions, based in Atlanta, are Andrew R. Larwood and Allen C. Inman.
Companies & People: Marcus & Millichap brokers $14.8 million sale of single-tenant MOB in Fort Myers, Fla.
FORT MYERS, Fla. – Marcus & Millichap (NYSE: MMI) announced March 25 that it has arranged the sale of the 39,281 square foot Orthopedic Medical Center in Fort Myers for $14.8 million, or about $377 PSF. The buyer is New York-based Rose Hill Fort Myers LLC and the seller was The Macsydney Co. LLC. CNL […]
Companies & People: HRE data firm Revista adds new partners and advisory board members
ANNAPOLIS, Md. – Annapolis-based HRE data provider Revista announced March 25 that it has added five advisory board members and two partners. The new board members are Mark Burkemper, David Elkins, Erik Gainor, Courtney Hanfland and Robert A. Milligan. The new partners are real estate advisory firms Harrison Street Real Estate Capital and Zeustra Real […]
Companies & People: Cornerstone wins contract to manage, lease large portfolio in Ohio, Indiana
INDIANAPOLIS – Indianapolis-based Cornerstone Companies Inc. recently landed a contract to provide property management and leasing services for a 676,473 square foot portfolio of MOBs in Ohio and Indiana. The new owner of the buildings is New York-based NorthStar Realty Finance Corp. (NYSE: NRF), which gained ownership of the facilities through its recent $4 billion […]
Cover Story: Seems like old times
Fourteen assets totaling more than 1.2 million square feet from of one of the first MOB REITs, Lillibridge Health Trust, are back on the market By Murray W. Wolf Lillibridge is selling a portfolio of 14 medical office assets it acquired in the late 1990s and early 2000s as part of its first MOB fund, […]
Feature Story: 2014 healthcare real estate sales volume surpassed $11.3 billion
Medical office made up almost $9.3 billion of the total, Revista says By Murray W. Wolf U.S. medical real estate sales totaled more than $11.3 billion in 2014, according to the healthcare real estate (HRE) data service Revista. Medical office building (MOB) sales accounted for 63 percent of the total dollar volume of transactions, followed […]
Feature Story: Partnering up for sustainability
Teaming up is old news in Arizona, where providers have collaborated for years By John B. Mugford For decades upon decades, since the U.S. healthcare system was in its infancy, there was a single road map for growing the delivery care model and serving as many people as possible.
Feature Story: PPACA + 5 = ?
What tactics are providers using now, five years after the PPACA was passed? By Murray W. Wolf March 23 marked the 5-year anniversary of the signing into law of the Patient Protection and Affordable Care Act (PPACA). After a half-decade, it is clear that healthcare reform has influenced providers’ real estate strategies in many ways. […]
Web Exclusive: The changing face of retailization
A group of industry experts airs some of its concerns about retail clinics By Erin E. Porter Along with the many changes brought by the Patient Protection and Affordable Care Act (PPACA), the so-called “retailization” of healthcare is rapidly and, in some cases, radically changing the landscape – its delivery, quality, location, look and feel, […]
Transactions: Harrison Street pays $28.5M for portfolio from ProMed, which continues its sell-off
ARLINGTON, Va. – The latest investor to capitalize on ProMed Properties’ strategic sell-off of its healthcare real estate (HRE) portfolio is Chicago-based Harrison Street Real Estate Capital.
Transactions: Columbus, Ohio, investor makes foray into San Antonio market with HRE purchase
SAN ANTONIO – Equity Inc. of Columbus, Ohio, recently acquired a two-building complex in the massive South Texas Medical Center in San Antonio.
Transactions: DocREIT gains Minnesota portfolio
Physicians Realty Trust pays $116.3 million for MOBs from Minnesota HRE firm By John B. Mugford In the Twin Cities area of Minneapolis and St. Paul, Minn., the Davis Group ranks as one the most prolific developers and independent owners of medical office buildings (MOBs) of the past few decades.