Transactions: DocREIT pays $40.4 million for two-building medical office complex in Katy, Texas
KATY, Texas – In more news from Physicians Realty Trust, the REIT recently acquired the two-building Kingsland Medical Office complex in Katy. The two buildings, one a surgery center and one a rehabilitation facility, are fully occupied by tenants that include Houston-based Memorial Hermann Health System, which has 13 hospitals, seven cancer centers and numerous […]
Transactions: Owner of historic MOB in downtown Seattle lands $69.5 million in financing
SEATTLE – The owner of one of downtown Seattle’s landmark MOBs, the Medical Dental Building, recently secured $69.5 million in financing for the facility, which total 294,286 square feet, including ground floor retail.
Transactions: MOB in ‘hot’ area trades for $710 PSF
Investor pays $38.5 million for asset in Santa Monica, Calif., healthcare corridor By John B. Mugford Los Angeles-based Stockdale Capital Partners, which started out of a family office 25 years ago, recently acquired a medical office building (MOB) in Santa Monica for $38.5 million, or $710 per square foot (PSF).
Transactions: More Healthcare Real Estate Transactions News
Associates in Ophthalmology of West Miffin, Pa., a south Pittsburgh suburb, recently sold its 27,193 square foot facility for $10.75 million. According to the brokerage firm that represented the seller, the Healthcare Capital Markets Group of Jones Lang LaSalle (JLL), the building is a Class A facility with a surgery center. Associates in Ophthalmology, the […]
Transactions: Recent MOB sales set Q2 record
Strong run for transactions continues, as 2015 is on a record-setting pace By John B. Mugford There are some long-standing, evidence-based assumptions about medical office building (MOB) sales statistics. One of them says that the strongest quarter of most years is typically the fourth (Q4), a time when both buyers and sellers often prefer to […]
Transactions: A closer look at HCN/CPP’s big buy
REIT and Canadian pension fund teamed up on $449 million MOB acquisition By John B. Mugford It would not be accurate to say that a $449 million medical office building (MOB) portfolio transaction that took place during the second quarter (Q2) of 2015 went totally unnoticed. But then again, not many details have been publicized […]
Transactions: DocREIT lands doctor-built MOBs
Physicians Realty Trust pays $141 million for four MOBs in Greater Phoenix By John B. Mugford At its outset in 2006, Phoenix-based Integrated Medical Services (IMS) came together as a handful of physicians with a goal of gaining more efficiencies and providing “high-quality, innovative healthcare.” These days, IMS is more than 145 providers strong, a […]
Transactions: Healthcare Realty Trust acquires two floors of Seattle MOB for $28M
SEATTLE – Nashville, Tenn.-based Healthcare Realty Trust Inc. (NYSE: HR) recently acquired the top two floors of the Swedish Orthopedic Institute, an 11-story facility on the campus of Seattle-based Swedish’s First Hill campus.
Transactions: Hammes Partners II buys orthopedic group facility in Mobile, Ala. for $23.3 million
MOBILE, Ala. – In a sale-leaseback transaction, Milwaukee-based Hammes Co. and its Hammes Partners II fund recently acquired a single-tenant, fully occupied medical building in Mobile.
Transactions: Two-story, 57,000 square foot MOB in Vestal, N.Y., trades for $22 million, or $386 PSF
VESTAL, N.Y. – A limited liability company (LLC) recently paid $22 million for the Vestal Medical building in Vestal, a city of about 30,000 people along the Susquehanna River in the Southern Tier region of New York.
Transactions: ProMed sells its last property
The Carlyle Group pays $48 million for a three-story medical condo in New York By John B. Mugford The last medical office property remaining in the portfolio of New York-based ProMed Properties, which once owned 16 healthcare buildings with about 1.48 million square feet of space, recently changed hands.
Transactions: More Healthcare Real Estate Transactions
The Sanders Trust (TST) recently acquired Tower Pointe Medical Center, a 42,000 square foot MOB in Greenwood, S.C., for $8.4 million, or $200 PSF. Tower Pointe, 105 Vine Crest Court, is a freestanding, multi-tenant outpatient facility that provides family practice, neurology, pediatrics, occupational medicine and diagnostic imaging, among others. The MOB is 100 percent leased, […]
Transactions: Stage Equity Partners buys single-story, 37,000 square foot MOB outside of Dallas
CARROLLTON, Texas – Chicago-based HRE investment company Stage Equity Partners LLC recently acquired a 37,000 square foot multi-tenant MOB in Carrollton, a north Dallas suburb.
Transactions: ARC Healthcare Trust III buys MOBs in Minnesota, Illinois and Georgia
WOODBURY, Minn. – New York-based ARC Healthcare Trust III Inc. recently went shopping in the suburbs of St. Paul, Minn., and landed a 36,375 square foot MOB for $14.9 million, or $410 PSF.
Companies & People: H2C advises Ciminelli on portfolio
Firm teams with MBRE in acquiring MOBs and cancer centers in Greater Buffalo By John B. Mugford Buffalo, N.Y.-based Ciminelli Real Estate Corp. recently acted upon an opportunity to acquire four medical office buildings (MOBs) with cancer centers throughout its hometown’s metropolitan area. The company, well-known in the pages of Healthcare Real Estate Insights™ for […]
