Transactions: Davis acquires MOB complex for $72 million
Three-building suburban Minneapolis assets last sold for $58 million in 2013 By Murray W. Wolf Davis has acquired the three-building, 201,000 square foot WestHealth medical outpatient building (MOB) complex in suburban Minneapolis for $72 million, or nearly $360 per square foot (PSF). The connected “Class A” facilities are located at the northeast corner of the […]
News Release: News from Kaufman Hall Real Estate (HonorHealth Greater Phoenix)
Master Lease Restructuring for the Acquisition of Three Leased Acute-Care Hospitals and a Free-Standing Emergency Department Located in Greater Phoenix, Arizona THE UNDERSIGNED SERVED AS FINANCIAL ADVISOR Transaction Overview Kaufman Hall & Associates, LLC (“Kaufman Hall”) was selected as the exclusive buy-side M&A and Real Estate advisor to HonorHealth (“Honor” or “Client”) in its acquisition […]
News Release: SunLink Health Systems, Inc. Announces Sale of Trace Regional Hospital Real Estate
ATLANTA–(BUSINESS WIRE)–SunLink Health Systems, Inc. (NYSE AMERICAN: SSY) today announced that its subsidiary, Southern Health Corporation of Houston, Inc., and an affiliate, have completed the sale of the hospital building and related real estate of its formerly operated Trace Regional Hospital in Houston, Mississippi for approximately $2,000,000. The company said the net proceeds of approximately […]
News Release: Just Closed: Stockbridge Medical Portfolio
Colliers U.S. Healthcare Capital Markets is pleased to announce the successful closing of the Stockbridge Medical Portfolio, a five-building, 137,381-square-foot medical outpatient portfolio located in Stockbridge, a rapidly growing southern suburb of Atlanta. The portfolio is anchored by several of the most dominant health system providers in the state of Georgia including Piedmont Healthcare (Moody’s: […]
News Release: Sale of Portland area medical outpatient building closes
JLL Capital Markets facilitates the sale of 4004 Kruse Way Place in Lake Oswego, Oregon PORTLAND, Oct. 8, 2024 – JLL Capital Markets announced today that it has closed the sale of 4004 Kruse Way Place, a 59,865-square-foot medical outpatient building repositioning in Lake Oswego, Oregon. JLL represented the seller, Shorenstein, and procured the buyer, a […]
News Release: Berkadia Seniors Housing & Healthcare Completes Sale And Acquisition Financing In Orlando, Florida
FOR IMMEDIATE RELEASE Orlando, Florida– October 4, 2024 – Berkadia announced today the sale and financing of a Class A senior living community in Orlando, Florida MSA. Berkadia Seniors Housing & Healthcare provided both investment sales and mortgage banking advisory for Oakmonte Village at Lake Mary, an independent living, assisted living, and memory care community […]
News Release: Bain Capital and Evergreen Medical Properties Acquire Medical Outpatient Facility in Greater Portland Area
BOSTON and ATLANTA — October 7, 2024 — Bain Capital’s real estate team and Evergreen Medical Properties, a company that invests in, leases, and manages healthcare facilities, today announced the acquisition of an approximately 60,000 square-foot medical outpatient facility in the Portland, OR metropolitan area. The private purchase was completed via a joint venture between […]
News Release: PeaceHealth to acquire four Clark County-based Providence clinic sites
October 3, 2024 | News Vancouver, Wash. – PeaceHealth and Providence are pleased to announce that they have entered into a definitive agreement that will result in PeaceHealth acquiring four Providence clinic sites located in Clark County. Pending the standard regulatory review processes, the clinics will transfer to PeaceHealth. The four Providence Medical Group clinic […]
News Release: Novant Health Completes Real Estate Transaction, Advancing Patient-centric Transformation
Healthcare real estate experts Remedy Medical Properties and Kayne Anderson Real Estate facilitated the sale lease transaction WINSTON-SALEM, NC, October 3, 2024 – Novant Health has closed a final real estate transaction that wraps up the sale of 20 facilities across the Winston-Salem, Charlotte and Wilmington regions, to Remedy Medical Properties and Kayne Anderson Real […]
News Release: Berkadia Seniors Housing & Healthcare Secures $15.6M in Financing and Completes Sale on Long Island
Long Island, New York – October 2, 2024 – Berkadia announced today the financing and sale of a senior living community on Long Island in New York. Berkadia Seniors Housing & Healthcare provided both investment sales and mortgage banking advisory for a 196-unit independent living and assisted living community. The deal closed on September 27. […]
News Release: FTS Healthcare Real Estate Team Secures Financing For Florida Inpatient Rehabilitation Facility
NEW YORK — Fifth Third Securities, Inc.’s (“FTS”) healthcare-focused real estate investment banking team worked with The Sanders Trust to secure financing for its development of the ClearSky Rehabilitation Hospital of Lake City, in Lake City, Florida. The new hospital will provide specialized rehabilitative care to patients recovering from disabling injuries or illnesses such as […]
News Release: Iredell Health System Officially Purchases Davis Regional Psychiatric Hospital, Davis Regional Medical Center
Tuesday, October 1, 2024 Effective Oct. 1, 2024, Iredell Health System has officially purchased Davis Regional Psychiatric Hospital and Davis Regional Medical Center from subsidiaries of Community Health Systems, Inc. (NYSE: CYH). The building, located on the east side of Statesville, will now be known as the Iredell Davis campus. The psychiatric component of the […]
Feature Story: HRE investment is headed in the right direction
Colliers conference panelists say they think sales volume is increasing By John B. Mugford The medical outpatient building (MOB) transaction volume, as we all know, has been somewhat bleak for the past two years or so, taking a large dip from the big volume years leading up to the COVID-19 pandemic and, in the aftermath, […]
News Release: Simone Development Companies Welcomes New York-Presbyterian to Medical Office Building at 2510 Westchester Avenue in the Bronx
BRONX, NY (September 23, 2024) – Simone Development Companies announced that NewYork-Presbyterian, one of the nation’s most comprehensive, integrated academic healthcare systems, has signed a 10,189 square-foot long-term lease at Simone Development’s medical office property at 2510 Westchester Avenue in the Bronx. Simone Development was represented by in-house leasing and legal teams in direct negotiations […]
News Release: Cincinnati Children’s acquires office building in Cincinnati Innovation District to boost research
3090 Exploration Ave. to be new home for scientists focused on improving child health Monday, September 23, 2024 Cincinnati Children’s has acquired a recently constructed office building in the Cincinnati Innovation District, which will be home to over 200 current employees who focus on non-laboratory research. The health system will occupy the top two floors […]
