Industry Pulse: BOMA MOB Conference Crowd Grew Nearly 31%
Nashville, Tenn., event attracted 1,000-plus Back in the early 2000s, people involved in healthcare real estate might’ve asked each other, “Are you going to BOMA’s MOB conference this year?” These days, the conference has become so familiar in the healthcare real estate (HRE) sector that is has simply referred to as “BOMA.” That’s because as […]
Companies & People: He’s helped raise HRE to new heights
Jonathan L. Winer receives BOMA’s first Outstanding Contribution Award By John B. Mugford For the most part, the healthcare real estate (HRE) sector is less than two decades old, a relatively new asset class that in recent years has become the darling of a growing list of investors both large and small. Because of its […]
Companies & People: Caddis brings Jason Hinkel on board
Development executive to boost company’s presence in Southeast United States By John B. Mugford As Dallas-based Caddis Partners LLC started landing more business in and around Atlanta in recent years, the company that’s well known for developing and owning properties in Texas and the Southwest found itself building up quite a nice collection of owned […]
Companies & People: Steven Leathers joins Jones Lang
Former ARC Healthcare Trust executive join’s JLL’s Capital Markets group By Murray W. Wolf Steven T. “Steve” Leathers has switched from acquirer to advisor. Mr. Leathers, who became a familiar face in healthcare real estate (HRE) circles in recent years through his work spearheading acquisitions for asset-hungry upstart American Realty Capital (ARC) Healthcare Trust Inc., […]
News Release: Griffin-American Healthcare REIT II Reports First Quarter 2014 Results
Completed $105 Million in Acquisitions, Grows Portfolio to $2.9 Billion Based on Purchase Price Funds From Operations Grows 115 Percent; Modified Funds From Operations Up 94 Percent Net Operating Income Increases 88 Percent; Net Income Up 83 Percent IRVINE, Calif. (May 20, 2014) – Griffin-American Healthcare REIT II, Inc. today announced operating results for the […]
News Release: MedSouth Healthcare Properties, LLC purchases Medical Arts Plaza in Greenville, NC.
Greenville, NC – MedSouth Healthcare Properties, LLC (MedSouth) and Sterling Fox Group, LLC are pleased to announce a joint venture sale leaseback acquisition of a Class A medical office located in the heart of the Medical Arts district of Greenville, North Carolina. The property is located across the street from Vidant Medical Center which serves […]
News Release: Downey: Medical Building Trades at $11.3 Million
$11.3 Million Medical Building Sold by Marcus & Millichap DOWNEY, Calif., May 15, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of the Brookshire Medical Building, a 56,121-square-foot medical building located in the southeast Los Angeles County […]
News Release: SNL Real Estate: Griffin-American REIT II’s Portfolio Captures REIT Attention
On May 6, The Wall Street Journal reported California-based Griffin-American Healthcare REIT II Inc. is the target of four bidders, representing a deal that could value the nontraded REIT at approximately $3.66 billion. If accepted, one of the following four companies the Journal named could expand its portfolio with 279 health care buildings: Ventas Inc., […]
News Release: Griffin-American Healthcare REIT III Meets Minimum Offering, Enters Agreements to Acquire Three Atlanta Medical Office Buildings
Executive stock purchase plans commence ATLANTA (May 14, 2014) – American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT III, Inc., announced today that the REIT reached its minimum offering of $2 million in subscriptions on May 12. As a result, all initial subscribers have been admitted as stockholders of Griffin-American […]
News Release: Meridian Property Company Welcomes Newest Tenant, Petaluma Health Center in Rohnert Park, Calif.
SAN RAMON, CALIF. – Meridian Property Company, a full service real estate developer and owner of medical real estate, is pleased to welcome its newest tenant, Petaluma Health Center, to the medical office building in Rohnert Park, Calif., located at 5900 State Farm Drive. Petaluma Health Center will occupy the entire second floor of the […]
News Release: Texas Center for Athletes Changes Hands
Transwestern Represented Seller, Was Retained by Buyer for Leasing and Management (MAY 6, 2014 – SAN ANTONIO) – Transwestern’s San Antonio office today announces it completed the sale of Texas Center for Athletes on behalf of Sports SA Holdings LP. The 128,347-square-foot, state-of-the-art medical office building in San Antonio’s South Texas Medical Center was 98 […]
News Release: Carter Validus Mission Critical REIT, Inc. Exceeds $1 Billion in Investment Assets
May 2, 2014, Carter Validus Mission Critical REIT, Inc. (“CVMC REIT”) announced that it acquired Walnut Hill Medical Center (“Walnut Hill”) in Dallas, TX for $99.4 million and Cypress Pointe Surgical Hospital (“Cypress Pointe”) in Hammond, LA for approximately $25 million. With these acquisitions, CVMC REIT’s portfolio of mission critical real estate assets now exceeds […]
Outpatient Projects: Kelsey-Sebold Clinic starts work on new MOB in Houston suburb of Clear Lake, Texas
CLEAR LAKE, Texas – Kelsey-Seybold Clinic of Houston has begun construction on a new MOB in the suburb of Clear Lake to meet increasing demand and improve the patient experience. The new building will consolidate the well-known clinic’s physicians and services from two local buildings into one.
Industry Pulse: New entrants will disrupt healthcare
$2.8 trillion That’s the size of the U.S. healthcare system, and the potential of the “New Health Economy” will be even greater, says a new report from the consulting company PricewaterhouseCoopers LLP (pwc). That’s the good news. The not so good news – at least for some current hospitals and physicians – is
Cover Story: Forecasting the future
Industry experts discuss the outlook for the healthcare real estate sector By John Mugford To say that healthcare real estate has come a long way in recent years would be a bit of an understatement. All one has to do to illustrate such a point is to peruse the list of sector investor types – […]