Transactions: HTA closes three MOBs acquisitions
Separate deals in Colorado, Texas and Pennsylvania total about $85 million By John B. Mugford Growing Parker, Colo., is in the far southern suburbs of the Denver metropolitan area and was picked this year by Money magazine as the 12th best place to live in the country. According to the magazine, the city of […]
Transactions: MPT to acquire three IASIS hospitals
REIT’s purchase is expected to generate more than $280 million for the system By John B. Mugford Medical Properties Trust Inc. (NYSE: MPW), a publicly traded real estate investment trust (REIT) that focuses on net-leased healthcare facilities, namely hospitals, recently announced that it will acquire the real estate assets of three major acute-care facilities operated […]
Transactions: MedProperties Holdings, Equity Inc. team up to buy MOB in Cincy suburb
EVENDALE, Ohio – A recently formed and expanding partnership of Dallas-based MedProperties Holdings LLC and Columbus, Ohio-based Equity Inc. has acquired a 65,670 square foot MOB in Evendale, a suburb of Cincinnati. The Evendale Healthcare Center has four stories, was completed in 1988 and is on 4.6 acres at 10475 Reading Rd., between U.S. interstates […]
Transactions: Chicago-area MOB portfolio acquired by Griffin-American REIT
HINSDALE, Ill. – Newport Beach, Calif.-based Griffin-American Healthcare REIT II recently acquired a two-building, 88 percent leased MOB portfolio in Hinsdale, Ill., that is anchored by two large Chicago-area providers. Griffin-American paid $35.5 million for the facilities at 908 N. Elm St., or about $210 PSF, according to RCA. The 169,078 square foot, two building […]
Industry Pulse: Are you ready for some senior housing?
Senior housing is replacing the NFL at the former site of Baltimore’s Memorial Stadium Baltimore’s venerable Memorial Stadium, once home to the Baltimore Colts, Ravens and Orioles, among other pro sports teams, packed plenty of memories. But when the Colts moved to Indianapolis in 1984, support grew for the idea of replacing the antiquated stadium […]
Industry Pulse: This HRE developer was ‘Kona Inspired’
To meet Todd Varney is to meet a highly conditioned athlete. However, this was not always the case for the healthcare developer with NexCore Group.Fact is, Mr. Varney was diagnosed as obese in 2008. Though the news shocked him, it also inspired Mr. Varney to start exercising and competing in perhaps the most grueling of […]
Industry Pulse: On The Record
Is the universe of HRE investors expanding? “Yes, it’s all the same people plus it’s non-traded REITs for sure – five or six of them that are aggressively looking at senior housing, skilled nursing and medical office. There are pension funds, private equity and certainly, the public REITs, and even some operators. So it’s a […]
Publisher’s Letter: And the winner is…
…maybe you! Enter the new HREI INSIGHTS AWARDS Dear Reader: It’s about time. That pretty much sums up how I feel about the new HREI Insights Awards™. If you haven’t heard by now, Healthcare Real Estate Insights™ recently announced the creation of the HREI Insights Awards™, the only comprehensive national awards totally dedicated to recognizing […]
Cover Story Sidebar: A quick look at the Buffalo Niagara Medical Campus
The healthcare district has made quite a turnaround and revitalized a portion of the city These days, the bustling 120-acre Buffalo Niagara Medical Campus (BNMC) just outside of downtown Buffalo, N.Y., is a fine example of how healthcare can revitalize a community and, for that matter, a city. According to some local reports, the area […]
News Release: Montecito Medical Acquires Columbia Medical Campus
SANTA BARBARA, CA (July 30, 2013) – Montecito Medical, a premier owner of medical office buildings throughout the US, has acquired the Columbia Medical Campus (CMC) in Columbia, Maryland. Located in Howard County, the 3rd wealthiest county in the nation, Columbia Medical Campus is comprised of two medical office buildings (Knoll I and Knoll II) totaling […]
Transactions: Q2 sees sizable drop in MOB sales
But HRE professionals say demand remains strong and won’t ease anytime soon By John Mugford Not since the third quarter (Q3) of 2011 has the nationwide sales volume for medical office buildings (MOBs) been lower than the total for the second quarter (Q2) of this year. In fact, the sales total of
News Release: Lillibridge Acquires Advocate MOBs
409,000 square feet added to MOB portfolio, strengthening Advocate relationship CHICAGO, Aug. 19, 2013 – Lillibridge Healthcare Services, Inc. (Lillibridge), the nation’s largest owner and manager of medical office buildings (MOBs) and a wholly owned subsidiary of Ventas, Inc. (NYSE: VTR), has acquired a 409,000 square foot MOB portfolio located on the campuses of five Advocate […]
Cover Story: Big bucks in Buffalo
H2C taps Seavest for $100.7 million Conventus project By John B. Mugford Healthcare real estate development is playing a key role in Buffalo’s resurgence. Everyone seems to know all of the negatives – and the jokes – about Buffalo, N.Y., such as the back-breaking 93 inches of annual snowfall, the devastating loss of 50 percent […]
News Release: Ensemble Real Estate Solutions Experiences Encouraging Growth in Second Quarter
Phoenix, AZ (August 12, 2013) – Ensemble Real Estate Solutions closed out its 2013 second quarter with 59 medical office transactions totaling over $18.9 million in total lease value, representing a 38% increase in total leasing activity when compared to Ensemble’s 2012 second quarter. With just over 200,000 square feet in closed deals, some of the notable […]