News Release: Medical Properties Trust, Inc. Agrees to Sell Equity Investment in Ernest Health, Inc. to One Equity Partners
Transaction to Generate Proceeds to MPT of $175 Million for an Approximate 13% Unlevered IRR on 2012 Investment of $96 Million May 30, 2018 08:30 AM Eastern Daylight Time BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (“MPT” or the “Company”) (NYSE: MPW) announced today that it has entered into definitive agreements with affiliates of One Equity […]
Feature Story: Healthcare REIT execs still bullish
Despite potential disruptors and low cap rates, BOMA panelists remain upbeat By John B. Mugford The largest healthcare-focused real estate investment trusts (REITs), have long been and continue to be one of the most important – if not the most important – buyers of medical office buildings (MOBs). According to healthcare real estate (HRE) research […]
REIT Report: Analysts wary of healthcare REITs
But the sector is likely to remain an attractive investment for long-term investors By John B. Mugford Publicly traded healthcare real estate investment trusts (REITs) have been a popular investment in recent years, as they offer all the usual benefits of REITs – most notably high dividend yields – coupled with the demographic attractiveness of […]
News Release: Griffin-American Healthcare REIT III Reports First Quarter 2018 Results
Griffin-American Healthcare REIT III, Inc. today announced operating results for the company’s first quarter ended March 31, 2018. “Since acquiring our first property in June 2014, Griffin-American Healthcare REIT III has built an international portfolio comprised of 208 healthcare properties and real estate-related investments valued at approximately $3.0 billion,1” said Jeff Hanson, chairman and chief […]
News Release: Griffin-American Healthcare REIT IV Reports First Quarter 2018 Results
Griffin-American Healthcare REIT IV, Inc. today announced operating results for the company’s first quarter ended March 31, 2018. “Griffin-American Healthcare REIT IV enjoyed an excellent first quarter, with continued growth in our portfolio and across a number of important financial and performance metrics,” said Jeff Hanson, chairman and chief executive officer. “Additionally, the company recently […]
News Release: Physicians Realty Trust Reports First Quarter 2018 Financial Results
Announces First Quarter 2018 Investment Activity of $107.8 Million Physicians Realty Trust (NYSE: DOC) (the “Company,” the “Trust,” “we,” “our” and “us”), a self-managed healthcare real estate investment trust, today announced results for the first quarter ended March 31, 2018. John T. Thomas, President and Chief Executive Officer of the Trust, commented, “Physicians Realty Trust delivered […]
News Release: HCP Appoints Lydia Kennard and Kent Griffin to its Board of Directors
Brian Cartwright Named Chairman Board Adopts Mandatory Retirement Age for Directors IRVINE, Calif., May 2, 2018 /PRNewswire/ — HCP (NYSE: HCP) today announced significant updates to its Board of Directors and related corporate governance enhancements. Appointment of Two New Independent Directors HCP has appointed Lydia Kennard and Kent Griffin as independent directors to its Board, effective […]
News Release: Healthcare Trust of America, Inc. Reports First Quarter 2018 Earnings
Normalized FFO of $0.41 Per Diluted Share Same-Property Cash NOI Growth of 2.3%, 3.2% Excluding Forest Park Properties New Development Announced SCOTTSDALE, Ariz., April 30, 2018 /PRNewswire/ — Healthcare Trust of America, Inc. (NYSE: HTA) (“HTA”) announced results for the three months ended March 31, 2018. First Quarter 2018 Highlights Operating Net Income Attributable to Common Stockholders: Decreased (27.6)% to $9.8 […]
News Release: Welltower Reports First Quarter 2018 Results
Welltower Inc. (NYSE: WELL) today announced results for the quarter ended March 31, 2018. For the quarter, we generated net income attributable to common stockholders of $1.17 per share and normalized FFO attributable to common stockholders of $0.99 per share. Quarterly Highlights Delivered $137 million of pro rata development projects with an expected stabilized yield of 9.3% Funded $476 million in pro-rata new property acquisitions at […]
REIT Report: Global Medical enters big deal
REIT agrees to acquire four MOBs in Belpre, Ohio, for $64.2 million By John B. Mugford Bethesda, Md.-based Global Medical REIT Inc. (NYSE: GBRE) continues to grow its portfolio, and it will soon add four medical office buildings (MOBs), and possibly a fifth, in one transaction.
News Release: ProMedica Health System to Acquire HCR ManorCare Redefining Care for Seniors
ProMedica Health System to Acquire HCR ManorCare Redefining Care for Seniors – Welltower and ProMedica enter into Joint Venture that will propel ProMedica to be in the top 15 largest U.S. Health Systems – First, of its kind partnership spans the full spectrum of care, including wellness, skilled nursing, memory care, assisted living, hospice and […]
News Release: ProMedica Health System And Welltower To Acquire Quality Care Properties In Newly Formed Joint Venture
ProMedica (A1/A+) to Acquire QCP Principal Tenant, HCR ManorCare, and Enter Into New 15-Year Lease With Welltower and ProMedica Property Joint Venture (80/20) with 1.8x EBITDAR Coverage ~8% Yielding $2.2 Billion Investment at Welltower Share Investment Expected To Provide ~$0.20 Per Share Annual Accretion to Welltower(1) Joint Venture to Propel ProMedica to be in the […]
News Release: Global Medical REIT Inc. Announces Closing of the Acquisition of the Belpre Medical Office Portfolio in Belpre, Ohio for an Aggregate Purchase Price of $64.2 Million
Press Release Company Release – 4/24/2018 8:15 AM ET BETHESDA, Md.–(BUSINESS WIRE)– Global Medical REIT Inc. (NYSE:GMRE) (the “Company”), a Maryland corporation engaged primarily in the acquisition of licensed, state-of-the-art, purpose-built healthcare facilities and the leasing of these facilities to strong clinical operators with leading market share, today announced the following event: Closing of the Acquisition of […]
REIT Report: HCP Inc. closes 2017 on a big note
The REIT made most of its purchases, including an MOB portfolio, during Q4 By John B. Mugford It’s long been said that commercial real estate sales pick up during the fourth quarter (Q4), as buyers and sellers alike strive to get as many transactions on the books as possible before the end of the year.
News Release: HCP Closes on the Sale of Its Tandem Mezzanine Loan Investment
HCP (NYSE: HCP) today announced it has closed on the sale of its Tandem mezzanine loan investment to Fundamental Advisors LP, a leading alternative asset manager, for $112 million. “We are pleased to close on the disposition of our last mezzanine loan investment,” said Scott Brinker, HCP’s Chief Investment Officer. “With this sale, and the […]