Post-Acute & Senior Living: Sanders Trust and Harrison Street buy two Boston area IR facilities for $90 million
WOBORN and BRAINTREE, Mass. – Medical office buildings (MOBs) are still the apple of their eyes for most healthcare real estate (HRE) investors. Yet, with healthcare reform putting a growing emphasis on the continuum of care, more and more HRE investors are showing an interest in a wider range of facilities that provide important post-acute care […]
Transactions: G-A REIT II hits it big in December
Unlisted REIT invests more than $541 million on HRE only a single month By John B. Mugford A year ago, with an increase in capital gains taxes looming for anxious sellers, a flurry of medical office building (MOB) deals closed out 2012 and made it a record-setting year for total sales volume (dollar amount). […]
Industry Pulse: On the Record: Greg Venn
What is the near-term outlook for healthcare real estate development? “I think there will be a robust development period in the next 12 to 24 months, as there are a number of projects in the pipeline. It seems that more systems are making decisions to move forward with projects. Specifically, we’re seeing a lot of […]
Companies & People: A big year for JLL’s healthcare group
As 2013 came to a close, Healthcare Capital Markets leader recapped the year By John B. Mugford It might be an understatement to say that the national Healthcare Capital Markets Group of Jones Lang LaSalle (NYSE: JLL) had a good 2013. As Mindy Berman, the managing director who heads the group, notes, “We had […]
Companies & People: Physicians Realty Trust expands portfolio with recent buys, buyouts,
MILWAUKEE – Milwaukee-based Physicians Realty Trust (NYSE: DOC), which completed its initial public offering (IPO) of more than 10.4 million shares of common stock, recently expanded its portfolio with two recent transactions. First, the publicly traded real estate investment trust (REIT) executed a contract to purchase and lease back an MOB in Columbus, Ohio, that […]
Cover Story: The off-campus era
How it’s revolutionizing healthcare real estate By Murray W. Wolf For the benefit of the handful of readers who might be new to the healthcare real estate (HRE) sector – and with sincere apologies to those for whom this is painfully obvious – we must premise this article by stating that more and more healthcare […]
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 […]