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 […]
Transactions: Griffin-American REIT IV, new on the scene, makes one deal, agrees to another
IRVINE, Calif. – The newest non-traded real estate investment trust (REIT) offering from California-based co-sponsors American Healthcare Investors and Griffin Capital Corp. – Irvine-based Griffin-American Healthcare REIT IV (G-A REIT IV) – recently made its initial acquisitions.
Transactions: The Sanders Trust makes MOB purchases totaling $11.2 million in New Mexico and Wisconsin
BIRMINGHAM, Ala. – Birmingham-based The Sanders Trust (TST), a healthcare real estate (HRE) firm, says it has a goal of adding anywhere from $100 million to $200 million worth of properties to its portfolio annually, be it through purchases or developments.
Transactions: VCU Health of Richmond acquires building it was occupying in the Richmond, Va., suburbs
SHORT PUMP, Va. – VCU Health System of Richmond, Va., recently acquired an MOB that it was occupying in the suburub of Short Pump, about 15 miles outside of Richmond.
Transactions: Seavest buys MOB in L.A. hot spot
Loker building is on Dignity Health campus, near Staples Center and L.A. Live By John B. Mugford The South Park district of Los Angeles is as hot as ever, with plenty of new residential units, retail stores, restaurants and entertainment options available to the growing area’s population.
Transactions: G-A REIT III makes a number of MOB and senior housing buys
IRVINE, Calif. – In more news from Irvine-based American Healthcare Investors and Los Angeles-based Griffin Capital Corp., another REIT that they co-sponsor, Griffin-American Healthcare REIT III (G-A REIT III), recently made a number of purchases to end the second quarter (Q2) of 2016.
Transactions: New York’s Mount Sinai Health System sells MOBs for $111.5M; buyer plans luxury residences
NEW YORK – The buyer of one of the priciest medical office building (MOB) deals in recent months has no history in the MOB arena, nor does it look to be entering the space.
Norvin Partners purchases fully occupied, repurposed MOB outside of Baltimore
MOUNT AIRY, Md. – The Healthcare Capital Markets Group of Jones Lang LaSalle (NYSE: JLL) recently brokered the sale of the Carroll Hospital Mount Airy MOB at 520 E. Ridgeville Blvd. in Mount Airy. The outer-ring suburb, with a population of 10,000, is about 35 miles west of Baltimore.
