News Release: Chicago RE Firm Acquires Excel Centre in San Diego for $37.1 Million
Premier Medical/Office Property Anchored by Kaiser Permanente SAN DIEGO, Calif. – March 6, 2018 – Excel Centre, a premier 83,213-square-foot (sf) medical office building in San Diego, California anchored by Kaiser Permanente has recently sold to Chicago-based MBRE Healthcare for $37.1 million. The property is located at 17140 Bernardo Center Dr. in Rancho Bernardo, an upscale master-planned community along […]
News Release: HFF advises Columbia Pacific Advisors on the $114.69M financing for Seattle seniors housing development
Holliday Fenoglio Fowler, L.P. (HFF) advised Columbia Pacific Advisors on the $114.69 million financing for the development of 620 Terry, a luxury, high-rise seniors housing property in Seattle, Washington’s First Hill neighborhood. The participating development loan was provided by HCP, Inc. 620 Terry will total 243 Class A residential units comprising 194 independent living units, […]
News Release: CareTrust REIT Acquires Michigan Portfolio
CareTrust REIT, Inc. (NASDAQ:CTRE) announced today that it acquired a 464-bed, five-property skilled nursing portfolio clustered around the Grand Rapids, Michigan area. The transaction was structured as a sale-leaseback with the portfolio’s long-time owner-operator, Metron Integrated Health Systems, based in Grand Rapids. The sale-leaseback represented an opportunity for Metron to strategically recapitalize the company and lay […]
News Release: Invesque Establishes Medical Office Building Platform with US$142 Million Acquisition of Mohawk Medical Properties REIT
NEWS PROVIDED BY Invesque Inc. Mar 02, 2018, 08:17 ET TORONTO, March 2, 2018 /CNW/ – Invesque Inc. (TSX: IVQ.U) (the “Company”) announced it has entered into an arrangement agreement (“Arrangement Agreement”) with Mohawk Medical Properties Real Estate Investment Trust and its subsidiary, Mohawk Medical Operating Partnership (I) LP (collectively, “Mohawk REIT”) to acquire all […]
News Release: News from HRE Capital
Transaction Overview HRE Capital acted as a financial advisor related to the transaction of an 11 asset, 377,522 square foot medical office portfolio (“Portfolio”) located throughout the United States. The Portfolio, which transacted for $151,300,000, is 97% leased with a weighted average age of approximately ten years and is tenanted by high-quality regional hospitals and multi-specialty […]
News Release: Montecito Medical Ranked #1 Privately Held Buyer of Medical Real Estate for Second Consecutive Year
February 28, 2018 12:49 PM Eastern Standard Time NASHVILLE, Tenn.–(BUSINESS WIRE)–Montecito Medical Real Estate, a premier owner of medical office buildings throughout the U.S., finished 2017 as the nation’s top privately held acquirer of medical office buildings. It was the second straight year that the Nashville-based company achieved this distinction. The rankings are based on […]
News Release: Oceanside’s Pacific Gateway Towers Office/Medical Project Fetches over $14.9 Million
For Immediate Release Oceanside’s Pacific Gateway Towers Fetches over $14.9 Million Cushman & Wakefield’s Multi-Service Platform Helps Reposition Property as Premier Asset SAN DIEGO, Calif. – February 26, 2018 – Pacific Gateway Towers, a 68,748-square-foot, two-building Class A office and medical project in Oceanside (San Diego), California has sold for $14.94 million. Private Investor Charlie Jadallah acquired the property […]
Transactions: Physicians Realty Trust closes on more MOBs, ending 2018 with a record $1.4 billion
Milwaukee-based Physicians Realty Trust (NYSE: DOC) announced Dec. 21 that it completed more than $1.4 billion in medical office
Transactions: Inland acquires MOB near Texas Health Presbyterian Hospital in Dallas
Oak Brook, Ill.-based Inland Real Estate Acquisitions LLC recently negotiated and closed the sale of a 16,050 square foot MOB at
Transactions: Flagship Healthcare Properties buys MOB in Southport, N.C., near St. James Plantation
Charlotte, N.C.-based Flagship Healthcare Properties recently purchased the 25,500 square foot Dosher Wellness Center next to the St. James Plantation residential and recreational area of
Transactions: Harrison Street acquires on-campus MOB in Marin County, Calif., for record $706 PSF
Greenbrae, Calif. – Chicago-based Harrison Street Real Estate Capital recently acquired the 45,277 square foot Marin Cancer Institute MOB at 1350 S. Eliseo Drive, on
Transactions: HTA acquires Northpoint Medical Arts building in Dallas for $19.3 million
Scottsdale, Ariz.-based Healthcare Trust of America (NYSE: HTA) recently acquired the 118,876 square foot Northpoint Medical Arts building in Dallas. According to RCA, HTA paid $19.3 million, or
Transactions: CNL Healthcare Properties II acquires on-campus MOB in Overland Park, Kan
Orlando, Fla.-based CNL Healthcare Properties II, a non-traded healthcare-focused REIT, in December closed on the acquisition of a 38,496 square foot MOB in Overland Park, outside of Kansas City,
Cover Story: The year of the portfolio
A surge in multi-asset transactions led to 2017 MOB sales records in volume, pricing, cap rates and more By John B. Mugford 2017 MOB sales volume set another new record. MOB sales totaled $12.55 billion, according to RCA’s data. That topped the 2016 total of $10.21 billion by 22 percent. It also far surpassed the […]
Transactions: Aurora makes $433 million buy
System acquires 18 leased properties from Welltower in ‘reverse monetization’ By John B. Mugford Last fall, several members of the Editorial Advisory Board (EAB) of Healthcare Real Estate Insights™ predicted that “reverse monetizations” would be on the upswing in 2018.