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Transactions

News Release: Xchange Medical in St. Louis Park, Minn., is now almost 90 percent pre-leased

News Release: Xchange Medical in St. Louis Park, Minn., is now almost 90 percent pre-leased

Davis says OVO Lasik + Lens ophthalmology clinic and surgery center will occupy a portion of the first floor of the suburban Minneapolis facility, which will be completed this fall ST. LOUIS PARK and MINNEAPOLIS, Minn., July 14, 2021 – The 78,000-square-foot, Class A Xchange Medical building Davis is developing in St. Louis Park just […]

News Release: Provider Real Estate Partners Announces Two Property Acquisitions

News Release: Provider Real Estate Partners Announces Two Property Acquisitions

Company completes two deals in inaugural fund NEWS PROVIDED BY Provider Real Estate Partners Jul 14, 2021, 08:32 ET CLEVELAND, July 14, 2021 /PRNewswire/ — Provider Real Estate Partners, a dedicated investor in medical office properties nationwide, completed the acquisition of two medical office buildings in Little River, South Carolina and Las Cruces, New Mexico. The […]

Transactions: Hammes buys an ortho hospital near Evansville, Ind., for $88M

Transactions: Hammes buys an ortho hospital near Evansville, Ind., for $88M

Region’s largest ortho group sold the 135,000 s.f. facility; Fairfield Advisors brokered the sale By John B. Mugford With pricing for healthcare facilities continuing to rise, physician groups are taking notice. And while many are starting to look into selling, or “monetizing,” their real estate assets and re-investing the proceeds into their businesses in any […]

News Release: Capital Square 1031 Acquires Purpose-Built Neuro-Rehabilitation Facility Near Dallas in All-Cash Transaction

News Release: Capital Square 1031 Acquires Purpose-Built Neuro-Rehabilitation Facility Near Dallas in All-Cash Transaction

FOR IMMEDIATE RELEASE The acquisition is on behalf of a Delaware statutory trust investment offering that seeks to raise $18.834 million in equity from accredited investors DALLAS (July 13, 2021) Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for 1031 exchange and other accredited investors, announced today the acquisition of a […]

News Release: H.I.G. Realty Partners Originates Loan Secured by Class A Medical-Office Building

News Release: H.I.G. Realty Partners Originates Loan Secured by Class A Medical-Office Building

July 12, 2021 06:00 AM Eastern Daylight Time NEW YORK–(BUSINESS WIRE)–H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $44 billion of equity capital under management, is pleased to announce that its affiliate, H.I.G. Realty Partners, has originated a loan to finance the lease-up of 114 Pacifica (the “Property”), a 110,000 square foot Class […]

News Release: Montecito Acquires Suburban Medical Office (San Antonio)

News Release: Montecito Acquires Suburban Medical Office (San Antonio)

FOR IMMEDIATE RELEASE July 9, 2021 Nashville, Tenn. — Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of a new medical office building that is home to an ophthalmological surgery center in San Antonio, Texas. The American Surgery Center building, located in the city’s northern suburbs, offers […]

News Release: Echo Development Acquires On-Campus Medical Office Building in Haverhill, MA

News Release: Echo Development Acquires On-Campus Medical Office Building in Haverhill, MA

Chicago, IL (June 2019) – Echo Development Group, Inc., in association with Annapolis, MD based Thomas Park Investments, announces it has acquired the Merrimack Medical Center, an on-campus medical office building adjacent to the 122-bed Holy Family Hospital, a member of the Steward Health Care Network. The property is 55,000 square feet and is located at 62 Brown Street in Haverhill, Massachusetts, a suburb of Boston roughly 35 miles north of downtown.   The building was 70% occupied at the time of sale by an impressive list […]

News Release: Thomas Park Investments Enters Boston Market with Haverhill Acquisition

News Release: Thomas Park Investments Enters Boston Market with Haverhill Acquisition

Maryland-based healthcare real estate firm purchases Merrimack Medical Center July 08, 2021 02:30 PM Eastern Daylight Time ANNAPOLIS, Md.–(BUSINESS WIRE)–Thomas Park Investments (TPI) acquired its first greater Boston-area medical office building with the purchase of Merrimack Medical Center at 62 Brown Street in Haverhill, Massachusetts. The 55,000-square-foot property is located on the campus of Holy […]

News Release: Financing secured for Irvine medical office conversion (Irvine, Calif.)

News Release: Financing secured for Irvine medical office conversion (Irvine, Calif.)

JLL Capital Markets placed the loan for 114 Pacific Court in the high-barrier-to-entry Irvine Spectrum submarket in Irvine, California NEWPORT BEACH, CALIF., July 7, 2021 – JLL Capital Markets announced today that it has arranged financing for 114 Pacifica Court, a 110,392-square-foot, Class A office building in Irvine, California. JLL worked on behalf of the […]

News Release: MedCraft Investment Partners Acquires Surgery Center

News Release: MedCraft Investment Partners Acquires Surgery Center

CINCINNATI, Ohio, June 30, 2021 — MedCraft Investment Partners continues to grow its medical office portfolio and recently closed on a surgery center in Cincinnati, Ohio. The acquisition is key to MedCraft’s mission of aligning with best-in-class physician groups and health care providers. We are targeting an additional $350 million in acquisition dollars over the […]

News Release: Montecito Medical Acquires Stony Point Medical Office Building, Home to the Prominent Stony Point Surgery Center in Richmond (Va.)

News Release: Montecito Medical Acquires Stony Point Medical Office Building, Home to the Prominent Stony Point Surgery Center in Richmond (Va.)

FOR IMMEDIATE RELEASE June 25, 2021 Nashville, Tenn. — Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of The Medarva Stony Point Medical Office Building, a multi-tenant medical office building, which includes an ambulatory surgery center (ASC) in an affluent suburban area of Richmond, Virginia. The two-story […]

News Release: MidCap Financial Closes First Mortgage Loan on a Five-Property Sonata Seniors Housing Portfolio

News Release: MidCap Financial Closes First Mortgage Loan on a Five-Property Sonata Seniors Housing Portfolio

PRESS RELEASE BETHESDA, MD, June 29, 2021 – MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it recently closed a transaction with funds managed by affiliates of Fortress Investment Group LLC (“Fortress”). The $46,000,000 floating rate first mortgage loan facilitated the acquisition of a portfolio of five seniors housing […]

News Release: Just Closed - Jacobson Properties and Pyramid Brokerage of Binghamton Announce the Sale of West Taft Road Medical Center

News Release: Just Closed – Jacobson Properties and Pyramid Brokerage of Binghamton Announce the Sale of West Taft Road Medical Center

June 24, 2021 — Lisa Menin of Jacobson Properties and Leo Jones of Pyramid Brokerage Company of Binghamton are pleased to announce the sale of West Taft Road Medical Center, a 42,374 square foot medical office building located in Liverpool (Syracuse MSA), New York. West Taft Road Medical Center was sold by West Taft Road […]

News Release: Newmark Completes $64 Million Sale of Medical Office Building Adjacent to Sutter Health in Northern California

News Release: Newmark Completes $64 Million Sale of Medical Office Building Adjacent to Sutter Health in Northern California

FOR IMMEDIATE RELEASE San Francisco, CA (June 24, 2021) — Newmark Knight Frank (“Newmark”) announces it has arranged the $64.4 million sale of 1720 El Camino Real, a 106,018-square-foot medical office building located in Burlingame, California. Newmark’s Vice Chairman and Head of Northern California Capital Markets Steven Golubchik, alongside Senior Managing Director Seth McKinnon, Executive […]

News Release: Placement of Acquisition Financing - Copper Peak Medical Office Building (American Fork Utah)

News Release: Placement of Acquisition Financing – Copper Peak Medical Office Building (American Fork Utah)

JUST FINANCED COPPER PEAK MEDICAL OFFICE BUILDING Placement of Acquisition Financing CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the placement of acquisition financing for the post-closing financing of Copper Peak Medical Office Building. Sabrina Solomiany, Zack Holderman, and Cole Reethof acted as the exclusive advisors in arranging the financing. Copper […]