Capital Markets: Volatility proves to be, well, volatile
Domestic markets, economy continue to react to global market troubles, issues The most recent month was marked by increased market volatility. From all-time-highs reached in mid-January, the S&P dropped 6.1 percent to 1,738 by Feb. 5. This was followed by a 7.5 percent rise to 1,868 by the end of the month. The VIX (a […]
Companies & People: More Healthcare Real Estate Company & People News
Equity Inc. recently completed the development of a new 36,000 square foot MOB near St. Joseph’s Hospital in Tampa, Fla. The hospital is part of Tampa-based BayCare Health System. According to officials of Columbus, Ohio-based Equity, when the building opens for business it will be the first new MOB in the area in 30 years. […]
News Release: Healthcare Real Estate Capital announces $123.8 million porfolio sale
Transaction Overview Healthcare Real Estate Capital (“HRE Capital”), as advisor to the transaction, is pleased to announce the disposition of a seven building, 364,560 square foot medical office building portfolio (“Portfolio”) located throughout Florida and Indiana. The 98% leased Portfolio has a weighted average age of less than eight years and included tenancy by national […]
News Release: Caddis Partners deals exceed $100 million
The purchase of the RiverGate MOB and surgical hospital complex in Durango, Colo., capped a record year of new developments and acquisitions for the firm DALLAS, Jan. 29, 2014 – Leading national healthcare real estate firm Caddis Partners LLC recently closed on the acquisition of the 69,053 square foot RiverGate Medical Center in Durango, Colo. The […]
News Release: Carter Validus Mission Critical REIT, Inc. Completes 2013 with nearly $1 billion in investment assets
(Tampa, FL) Carter Validus Mission Critical REIT, Inc. (“CVMC REIT”) announced that it acquired $593.2M in mission critical real estate assets in 2013, including $174.5M in the month of December, bringing the total investment amount in its portfolio to $988.1M, consisting of 3.1M rentable square feet across 17 states. The December acquisitions include: AT&T California […]
News Release: CNL Healthcare Properties acquires medical office buildings in California and Florida
Company purchases four healthcare facilities for $60 million — (ORLANDO, Fla.) Jan. 27, 2014 — CNL Healthcare Properties, a real estate investment trust (REIT) focused on senior housing and healthcare facilities, has purchased two medical office buildings in Coral Springs, Fla., and two medical office buildings in Chula Vista, Calif., for a combined $60 million. […]
Transactions: HTA landed big portfolio late in 2013
Publicly traded REIT purchased $123.8M portfolio of MOBs in Florida, Indiana By John B. Mugford As 2013 came to a close, there was a reported lack of medical office building (MOB) portfolios on the sales block. However, according to officials with Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA), the real estate investment trust […]
Hot Property: Rare, large portfolio hits the market
JLL is marketing Harrison Street offering of five hospitals and seven MOBs Name: 2014 Harrison Street Multi-State Healthcare Portfolio Locations: Texas, Florida, South Carolina, Oklahoma, Nevada and Indiana Number of buildings: 12 Types of facilities: 5 hospitals, 7 MOBs Square footage: 655,661 Average age of buildings: 6 years Occupancy: 99.6 percent Average remaining lease term: […]
Outpatient Projects: Partners complete Rhode Island MOB
Seavest, Trammell Crow finish work on $13.9 million project in Providence, R.I. By John B. Mugford White Plains, N.Y.-based Seavest Healthcare Properties LLC recently announced that an MOB that it financed and owns in Warwick, R.I., is open for business.
Inpatient Projects: Texas hospital to undergo major expansion
Methodist Hospital in San Antonio is ready to embark on $200 million-plus plan By John B. Mugford Methodist Hospital in San Antonio is ready to embark on the largest construction project in its history, an expansion that will increase the footprint of its campus by 445,162 square feet. Cost for the expansion will exceed $200 […]
Cover Story: Buyer gets a warm reception
Physician group welcomes $141 million sale-leaseback By John B. Mugford Medical group tenant was big driver in six-building MOB portfolio deal Since its founding 17 years ago, a physicians’ group in the mid-Hudson Valley area of New York has built itself into one of the leading independent, multi-specialty physician practices in the United States. […]
Cover Story: Medical group tenant was big driver in six-building MOB portfolio deal
Since its founding 17 years ago, a physicians’ group in the mid-Hudson Valley area of New York has built itself into one of the leading independent, multi-specialty physician practices in the United States. “As (one healthcare real estate consultant) always tells me, a provider’s market share in its respective area is the key to its […]
Feature Story: Finalists: Best New MOB (100,000 SF or More)
Akron General Health and Wellness Center, Green, Ohio Developer: Rendina Cos. Akron General Health System wanted to increase its presence in the growing communities south of Akron and fast-track the development of a health and wellness center near a new freestanding emergency department (FED). Rendina began site work as the design and permit processes progressed […]
Feature Story: 2013 HREI™ Insights Awards™
Recognizing the finest in HRE people and projects Of all the initiatives we have undertaken since we launched Healthcare Real Estate Insights™ nearly 11 years ago, the HREI Insights Awards™ is perhaps the only one that has generated nothing but positive feedback. Since we unveiled the only national awards totally dedicated to recognizing excellence in […]
Feature Story: Finalists: Best New MOB (50,000-99,999 SF)
Harker Heights Medical Pavilion, Harker Heights, Texas Developer: Rendina Cos. Rendina Cos. delivered a successful solution for Seton Family Healthcare and LHP Hospital Group with a $10.9 million, three-story, 61,064 square foot full-service MOB on the new Seton Medical Center campus. The MOB provides the two clients with a competitive edge and a community asset […]