Transactions: Medical office sales soared 73% in Q3
Quarterly volume was more than $2 billion – the second biggest quarter ever By John Mugford Healthcare real estate (HRE) sales professionals had been predicting a big third quarter (Q3) of 2013 after two somewhat uneventful quarters to start out the year. Were they ever right, as Q3 sales shot up 73 percent over Q2. […]
Industry Pulse: ARC grabs big portfolio from LaSalle for $171m
JLL-affiliated firms have disposed of more than $366M in HRE properties since July In September, New York-based ARC Healthcare Trust, currently one of the most active buyers of healthcare real estate (HRE), landed the largest deal of the third quarter (Q3). ARC paid
Post-Acute & Senior Living: REITs discuss role
Trusts are keeping a watchful eye on the changing landscape, NIC panelists say By Murray W. Wolf Real estate investment trusts (REITs) continue to play an outsized role in the state of the healthcare real estate (HRE) industry. Huge inflows of low-cost capital for both public and private REITs in recent years have made them […]
News Release: MedSouth Healthcare Properties, LLC (MedSouth) and Sterling Fox Group, LLC are pleased to announce a joint venture acquisition of a Class A multi tenant medical office building located in Myrtle Beach South Carolina.
The property is located adjacent to Market Common, a Class A 114-acre, lifestyle center located near the Myrtle Beach International Airport. Market Common, opened in 2008, has over 370,000 square feet of shops, nearly 24,000 square feet of offices and 195 residential units. The acquisition is comprised of an approximately 20,000 SF, two story medical […]
News Release: Pomfret Estates purchases Pleasanton medical building for $6.55 million
Transwestern Brokers Sale on Behalf of Buyer and Secures Leasing Assignment (NOVEMBER 7, 2013 – PLEASANTON, CALIF.) – Transwestern today announced it brokered the sale of a medical services building at 5000 Pleasanton Ave., in Pleasanton, Calif. Bernal Associates, based in Pleasanton, sold the property to Pomfret Estates Inc., for $6,550,000. Transwestern Managing Director Ed […]
Cover Story: Seeking direction
How HRE developers are responding to change By John B. Mugford Industry experts discuss the ‘new’ state of the healthcare real estate market If chaos is an appropriate way to describe the state of today’s healthcare sector, then uncertainty, with plenty of chances for good opportunities, might best convey what’s facing those involved in healthcare […]
Feature Story: It takes a (healthcare) village
Boldt Co. sees the potential to develop health campuses nationwide By John B. Mugford Milwaukee-based firm working on first such project near Colorado Springs Providing healthcare services has long been a reactive endeavor, with most of the care being given to the sick or injured. It’s the method by which our healthcare system was created […]
Transactions: Relationships drove Dignity deal
NexCore-Heitman JV foresees opportunities as part of $114M MOB portfolio buy By John B. Mugford As reported in the September edition of Healthcare Real Estate Insights™ , NexCore Group LLC agreed Aug. 30 to acquire the 13 buildings being offered for sale by Jones Lang LaSalle (JLL) Income Property Trust Inc. as part of the […]
Transactions: Healthcare Realty Trust buys 91,000 s.f. MOB near major hospital in Gastonia, N.C.
GASTONIA, N.C. – Large, publicly traded REITs often look to buy properties in large bunches, as individual buildings typically don’t “move the needle” enough for them. However, they do often show interest in single properties put on the market if they have other buildings in the area, which allows them to achieve economies of scale […]
Transactions: Two MOB transactions, two vastly different prices paid per foot
NEW YORK and AURORA, Colo. – If ever a case could be made supporting the adage that location means everything in real estate, two recent MOB sales fit the bill. The sales also prove that when it comes to MOBs, occupancy at the time of the offering can mean a lot, too. One of the […]
Transactions: ARC Healthcare Trust buys MOB in Richmond for $19.2 million
RICHMOND, Va. – Talk about the ultimate retail location for a healthcare facility. New York-based ARC Healthcare Trust recently acquired an MOB in
Hot Property: Say ‘aloha’ to Hawaiian MOB for sale
Facility in Kapolei, west of Honolulu, is 97% leased with Kaiser as major tenant Name: Kapolei Medical Park Address: 599 Farrington Highway City: Kapolei, Hawaii Number of buildings: 2 Square footage: 51,545 Lot size: 3.47 acres Occupancy: 97% Seller: James Campbell Co. Largest tenant: Kaiser Permanente (30%) Buildings completed: 1999 First year NOI: $1.1427 million […]
Transactions: More HRE Transactions
■ Griffin-American Healthcare REIT II Inc. recently acquired an MOB at
Outpatient Projects: Heart center to re-use old hospital space
Anchor Health Properties in charge of repurposing under-used area at St. Elizabeth Edgewood By John B. Mugford As the healthcare delivery model continues to shift nationwide, it is likely that more and more space will become available for a variety of uses inside the place where almost all medical services were once delivered: the hospital. […]