Transactions: Anchor Health Properties makes new purchases in Connecticut, Minnesota
STAMFORD, Conn. – One of the relatively new players in the MOB investment sector, Anchor Health Properties, the longtime healthcare real estate (HRE) development firm, recently acquired, in a joint venture (JV) partnership, what it calls a “Class A” MOB in Stamford, near the border with New York. The longtime development firm, which now employs […]
Transactions: Global Medical REIT keeps acquiring MOBs as it buys 11 facilities
BETHESDA, Md. – Another one of the relatively new investors in the MOB and healthcare real estate (HRE) acquisitions arena, Bethesda-based Global Medical REIT Inc. (NYSE: GMRE), made a number of purchases in buying 11 buildings in recent weeks. The publicly traded real estate investment trust (REIT) said it has entered into purchase contracts to […]
Transactions: Montecito Medical acquires on-campus MOB in Iowa, in the Quad Cities
BETTENDORF, Iowa – Nashville, Tenn.-based Montecito Medical keeps growing its portfolio. The company recently acquired the Terrace Park Professional Center in Bettendorf, part of the Quad Cities metropolitan area straddling Iowa and Illinois along the Mississippi River. According to Montecito, the three-story MOB at
Transactions: Physicians Realty Trust acquires six-building portfolio in Florida
MAITLAND, Fla. – Fresh off making what is most likely the largest MOB portfolio acquisition from a single healthcare system in the history of the MOB sector, Milwaukee-based Physicians Realty Trust (NYSE: DOC), often referred to as DocREIT, has acquired a six-building portfolio of properties in Maitland, a suburb of Orlando. The REIT paid
Industry Pulse: NorthStar said to be near almost $1 billion MOB deal
Large foreign investor said to be interested in the firm’s massive medical office portfolio Healthcare real estate (HRE) sector sources say that a portfolio with nearly $1 billion worth of medical office buildings (MOBs) is for sale. The MOBs are being offered by New York-based NorthStar Realty Finance (NYSE: NRF), which is in the process […]
News Release: Just Closed – Mission Hospital Medical Office Portfolio
The CBRE U.S. Healthcare Capital Markets Group acted as the exclusive advisor for the sale of the Mission Hospital Medical Office Portfolio in Mission Viejo, California. Sale Date: August 12, 2016 Sale Price: $150,000,000 Price Per SF: $572 Portfolio Size: 262,429 SF Occupancy: 100% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce […]
Transactions: MOB sales stay strong in Q2
However, dollar volume of $2.13 billion was bolstered by two big deals By John B. Mugford Medical office building (MOB) sales volume was strong during the second quarter (Q2) of 2016, with two large deals dominating the transaction activity. According to commercial real estate research firm Real Capital Analytics (RCA) Inc., Q2 sales totaled a […]
Transactions: Multi-Employer Property Trust acquires MOB in downtown Boston for $625 per foot
BOSTON – Bethesda, Md.-based Multi-Employer Property Trust (MEPT), an investment vehicle for multi-employer and public employee pension plans, recently acquired what is known as the Harvard Vanguard Post Office Square medical office in downtown Boston.
Transactions: Pair of Pennsy MOBs sell for $52M
Side-by-side MOBs in Glen Mills, west of Philly, house Crozer-Keystone services By John B. Mugford Even though Springfield, Pa.-based Crozer-Keystone Health System was in the midst of being acquired in recent months – a situation that could create uncertainties when properties are put on the market – demand was still “very” strong for a pair […]
Transactions: Newly launched G-A REIT IV adds to its fledgling portfolio of HRE properties
POTTSVILLE, Pa. – Irvine, Calif.-based Griffin-American Healthcare REIT IV Inc., a newly formed non-traded real estate investment trust (REIT) in the early stages of building its portfolio of healthcare real estate (HRE) facilities, recently entered an agreement to purchase a 36,000 square foot, multi-tenant MOB in Pottsville, about 50 miles from the state capital of […]
Transactions: Canadian medical REIT enters U.S. market with a pair of MOB buys in Florida
ORLANDO, Fla. – Sunny Florida is where Toronto-based Mohawk Medical Properties REIT recently made its entrée into the U.S. MOB market, where it is called Mohawk America. In July, the private REIT acquired two medical facilities in Greater Orlando, paying a total of $14.6 million for the two buildings.
News Release: SANTÉ Realty Investments Acquires Medical Office Building
Arizona Realty Company finds Under-valued Office Property in Indianapolis INDIANAPOLIS, IN — SANTÉ Realty Investments of Tempe, Ariz., has just closed on The Meridian Office Building in Indianapolis. The 10-story, brick building is a multi-tenant medical office building consisting of 92,000 square feet. With just 70% occupancy, there is excellent opportunity to create value through targeted […]
News Release: Capital One closes $33.6 million loan for Chicago-area MOB acquisition
Bethesda, Md. (July 25, 2016) – Capital One announced today that it provided a $33.6 million term loan for the acquisition of a portfolio of four medical office buildings in the Chicago area. A joint venture of Harrison Street Real Estate Capital and MedProperties Group purchased the properties. The commitment includes $26.8 million in initial […]
Cover Story: Out of the woods
Former Forest Park properties finding new life By John B. Mugford It seemed like a good idea at the time. Frustrated by what they considered to be bureaucracy and inefficiency at other local hospitals, a group of Texas physicians launched the Forest Park chain of physician-owned specialty hospitals, opening the first of six such facilities […]