Product Focus: MOB sales jumped in Q3
VOLUME NEARLY TRIPLED VS. Q2; CAP RATES ROSE By John Mugford Folks involved in the sales of medical office buildings (MOBs) were predicting, or perhaps hoping for, a strong rebound by the second half of this year. According statistics recently released by New York-based Real Capital Analytics (RCA) Inc., they got one – in some […]
News & Analysis: New name, same game
HTA AGREES TO ACQUIRE 20 MOBs FOR $155.1 MILLION By John Mugford Since moving to self-management in September and operating under its new name, Scottsdale, Ariz.-based Healthcare Trust of America Inc. (HTA) has not changed the way it goes about its business. For the last four years or so, ever since the non-traded real estate […]
Industry Pulse: November 2009
WASHINGTON – The annual election of the chairperson of the National Association of Real Estate Investment Trusts (NAREIT) is typically big news for people associated with the nation’s real estate investment trusts (REITs), of which there are more than 150 in various types of commercial real estate and mortgages. But for 2010, the naming of […]
Special Report: Permanent shift for capital markets?
NIC PANELISTS SAY THINGS WILL GET BETTER, BUT IT WILL NEVER BE THE SAME By Murray W. Wolf In this, our fourth article from the 19th Annual NIC Conference, we explore how the recent disruptions in the capital markets have changed – perhaps permanently – and how that will affect the senior living sector. This […]
Special Report: Senior living prices ready to rebound?
ASSET VALUATIONS HAVE SLIPPED SINCE ‘07, BUT NIC PANEL SEES IMPROVEMENT By Murray W. Wolf In this, our third article from the NIC conference, we explore trends in valuations for senior living real estate. The market for senior living facilities peaked in 2006-07. Both the total dollar volume and number of transactions achieved new highs […]
Special Report: Senior housing sector shows optimism
DEVELOPMENT AND OCCUPANCY RATES HAVE DIPPED, BUT NIC CROWD SEES HOPE By Murray W. Wolf Like medical office, senior living has weathered the recession better than most commercial real estate sectors. But the similarities don’t stop there. Both are healthcare-related businesses that face risks from possible reimbursement rate reductions and continue to struggle to do […]
Transactions: Health Care REIT Inc. sells MOB park
ATLANTA-BASED ROBERTS COMMERCIAL PICKS UP EIGHT ASSETS FOR $7.7 MILLION Staff Reports Toledo, Ohio-based Health Care REIT Inc. (NYSE: HCN) in recent weeks sold the eight-building Johns Creek Medical Office Park in Johns Creek, Ga., for $7.7 million, or about $106 per square foot. The buyer was Atlanta-based Roberts Commercial Real Estate Services. The medical […]
Company Profile: FHA 242 debt in demand
INNOVATIVE CAPITAL GETTING HOSPITAL DEALS DONE By John Mugford At the start of this decade, as Alan P. Richman was delving into the idea of starting a company that would, among other services, secure Federal Housing Administration (FHA) Section 242 mortgage insurance for rural community hospitals, there were certainly some obstacles to overcome. “I was […]
Industry Pulse: October 2009
ATLANTA – As the medical office building (MOB) sector has grown up in recent years – some healthcare real estate veterans say the sector was a non-sector until the early 2000s – one aspect of it continues to be elusive: comprehensive data. While there are definitely people and companies in certain cities and geographic markets […]
Reform equals MOB boon
MARCUS & MILLICHAP: DEMAND COULD BE 61M S.F. By John Mugford, Editor For quite some time now, healthcare real estate professionals have been saying that the passage of some form of universal healthcare coverage would likely result in increased demand for medical office buildings (MOBs) as well as other outpatient facilities. While such professionals have […]
Industry Pulse (September 2009)
By HREI Staff CAMPBELL, Calif. – Remember the recession? OK, we know, the economy is not out of the woods just yet – not even close. But before the recession took hold, the development of upscale medical facilities with plenty of amenities were on the upswing, giving people with good insurance and deep pockets the […]
Publisher’s Letter: Bueller? Bueller? Bueller?
BEN STEIN HELPS NIC ATTENDEES FIND OMPTIMISM Dear Reader: Earlier this month, I once again had the opportunity to attend the annual conference presented by the National Investment Center for the Seniors Housing & Care Industry (NIC) in Chicago. The folks at NIC put on a first class event, as always. But one of the […]
Transactions: Tenants buy MOB near Sacramento
GROUP EXERCISES ITS RIGHT OF FIRST REFUSAL IN BUYING BUILDING FOR $20.5M By John Mugford A group of physician/tenants recently bought out the non-physician partners of a medical office building (MOB) on the campus of Sutter Roseville Medical Center, located in Roseville, Calif., a suburb of Sacramento. The acquisition price was $20.5 million for the […]
News & Analysis: Reform equals MOB boon
MARCUS & MILLICHAP: DEMAND COULD BE 61M S.F. By John Mugford For quite some time now, healthcare real estate professionals have been saying that the passage of some form of universal healthcare coverage would likely result in increased demand for medical office buildings (MOBs) as well as other outpatient facilities. While such professionals have been […]
Transactions: Landmark acquires Arkansas portfolio
MILWAUKEE-BASED OWNER AND DEVELOPER GETS FOUR MOBs FOR $15 MILLION By John Mugford It was in 2004 when Milwaukee-based Landmark Healthcare Facilities, previously a third-party developer, started an entity to own medical properties. Since then, Landmark Healthcare Properties LLC has accumulated a portfolio of more than 20 assets that it has acquired and developed. As […]