Industry Pulse: Record MOB prices not here to stay
Recent interest rate changes give pause to some investors. Despite record-high medical office building (MOB) prices, recent interest rate fluctuations show that those prices won’t be around forever. That’s according to most recent Medical Office Investor Update report from CBRE.
Industry Pulse: On the Record
Does Health Care REIT plan to sell more medical office buildings? “We can always be proactively looking to prune our portfolio, but… I think the vast majority of the significant disposition listing has been completed.” Scott A. Estes CFO & EVP Health Care REIT Will MPT make additional MOB acquisitions this year? “Our active acquisitions […]
Capital Markets: Is the market in for stormy weather?
Healthcare REITs are feeling the brunt of recent interest rate uncertainty The market feels a little like the weather in the northern states just as winter arrives and a big, early season storm displaces the colors and the lingering warmth of fall. The last month or so has brought significant shifts in interest rates, market […]
REIT Report: Healthcare reform has HTA thinking big
REIT is adapting its leasing strategy as medical office tenants increase in size By Murray W. Wolf As we have been hearing for the past couple of years, the Patient Protection and Affordable Care Act, commonly referred to as healthcare reform, as well as other economic factors, are driving more and more formerly independent physicians […]
Editor’s Letter: Tidbits and topics
Miscellaneous news from around the HRE sector Dear Reader: We come across plenty of tidbits and hear about so many things taking place in the healthcare real estate (HRE) sector that it’s not always easy to include all of the information in each issue of Healthcare Real Estate InsightsTM. So this month I decided to […]
News Release: GE Capital Provides $89 Million in Medical Office Building Financing to MB Real Estate
BETHESDA, MD – June 24, 2013 — GE Capital, Healthcare Financial Services announced today that it has provided $89 million in senior secured financing to MB Real Estate. The financing will be used to support the purchase of a medical office building in Atlanta, GA. “GE Capital has proven to be a reliable debt […]
News Release: CNL Healthcare Properties Acquires Indiana Cancer TreatmentT Center
(ORLANDO, Fla.) June 20, 2013 — CNL Healthcare Properties, an investment offering focused on senior housing and healthcare real estate, has acquired the LaPorte Cancer Center, a freestanding comprehensive cancer care center in Westville, Ind., from Holladay Properties for $13.1 million. The 30,268-square-foot property is fully leased on a long-term, triple-net basis by the largest […]
News Release: CNL Healthcare Properties Acquires Indiana Cancer Treatment Center
CNL Healthcare Properties has acquired the LaPorte Cancer Center, a comprehensive cancer care center in Westville, Ind., for $13.1 million from Holladay Properties.The property totals 30,268 square feet and is fully leased on a long-term, triple-net basis by the largest independent oncology practice in Indiana. The LaPorte Cancer Center was purpose-built in 2010 by Holladay […]
Thought Leaders: CBRE 1Q 2013 National Medical Office Investor Update
CBRE 1Q 2013 National Medical Office Investor Update Included in this edition: • Overview of 1Q 2013 MOB Transactions • National Medical Office Cap Rate Trends • National Medical Office Sales Volume • Healthcare REITs Down, Not Out • Overview of 1Q 2013 MOB Transactions It’s widely known that REITs, as dividend generating stocks, are […]
News Release: Fed Economists Say Economy Will Be Improving Next Year, Which Means Interest Rates Will Be Rising As Well
If a projection by staffers at the Federal Reserve Bank of New York is spot-on, the central bank may be rethinking fiscal policy changes sooner than expected. “A prediction that policy changes in an improving economy could come as early as the fourth quarter of 2014 is an important heads-up that senior housing/healthcare borrowers will […]
News Release: Fairfield Advisors announces successful closing of Memorial Hermann Medical Office Building in Houston, TX- $13.3M Sale
Denver CO & Houston TX / PR Newswire (June 6, 2013) – Fairfield Asset Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the successful sale of the Memorial Hermann Medical Office Building located at 14201 E Sam Houston Parkway in Houston. The Memorial Hermann Health System is the largest […]
News Release: Fairfield Advisors announces successful closing of Mountain Top Medical Office Building
Denver CO & Wilkes Barre PA / PR Newswire – Fairfield Asset Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the successful sale of the Mountain Top Medical Office Building located in Wilkes Barre, PA. The Moutain Top Medical Office Building is anchored by the Wilkes Barre General Hospital as […]
News Release: Newmark Grubb Knight Frank: Recently Closed Transaction: MHO Onocology Center – Northwest Indiana
Investment Highlights Michael Bennett of Newmark Grubb Knight Frank acted as exclusive advisor on the sale of the MHO Oncology Center, located in Northwest Indiana. The Property was 100% occupied by Michiana Hematology Oncology and operates in partnership with IU Health LaPorte Hospital. The 20 Year NNN Lease had 17 years remaining at the time of sale. NGKF marketed the property to a large pool […]
News Release: Plaza Companies Lands Leasing, Property Management and Construction Services Contract For Large Class A Medical Office Building in North Phoenix
Lifeprint Health Center Owners Select Plaza for Services on 81,875 SF Building PHOENIX, Arizona (June 17, 2013) — Plaza Companies has landed a significant leasing, property management and construction services contract for a major medical office building in north Phoenix. The owners of Lifeprint Health Center, a Class A office building located at 20414 N. […]
News Release: $141 Million in Acquisitions by Griffin-American Healthcare REIT II
American Healthcare Investors Completes Acquisition of 21 Buildings for $141 Million on Behalf of Griffin-American Healthcare REIT II REIT portfolio reaches $1.56 billion in assets NEWPORT BEACH, Calif. (June 17, 2013) – American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT II, Inc., announced today the acquisition of 21 healthcare-related buildings […]