Transactions: Harrison Street pays $28.5M for portfolio from ProMed, which continues its sell-off
ARLINGTON, Va. – The latest investor to capitalize on ProMed Properties’ strategic sell-off of its healthcare real estate (HRE) portfolio is Chicago-based Harrison Street Real Estate Capital.
Transactions: Columbus, Ohio, investor makes foray into San Antonio market with HRE purchase
SAN ANTONIO – Equity Inc. of Columbus, Ohio, recently acquired a two-building complex in the massive South Texas Medical Center in San Antonio.
Transactions: DocREIT gains Minnesota portfolio
Physicians Realty Trust pays $116.3 million for MOBs from Minnesota HRE firm By John B. Mugford In the Twin Cities area of Minneapolis and St. Paul, Minn., the Davis Group ranks as one the most prolific developers and independent owners of medical office buildings (MOBs) of the past few decades.
Transactions: CNL Healthcare Properties lands orthopedic facility in Novi, Mich., for $30.5M
NOVI, Mich. – Orlando, Fla.-based CNL Healthcare Properties, a non-traded REIT, continues to acquire MOBs to go along with its numerous senior housing facilities.
Transactions: More Healthcare Real Estate Transactions
MB Real Estate of Chicago recently acquired the Venture Center, a 39,564 square foot MOB at 1605 Chantilly Drive in Atlanta. The $6.3 million price tag works out to $159 PSF, according to RCA. The seller was Atlanta-based Wyatt Realty Co., which had acquired the building for $3.1 million in January 2013. The three-story facility […]
Transactions: Minneapolis buyer nabs Texas MOB
Family office of Best Buy founder Dick Schulze takes Austin asset for $26.7 million By John B. Mugford Minneapolis-based Olympus Ventures, the family office of Best Buy Co. (NYSE: BBY) founder Dick Schulze, recently acquired a newly constructed medical outpatient facility on the west side of Austin.
Transactions: DocREIT completes several other purchases, including portfolio in Rochester, N.Y.
MILWAUKEE – In more news from Physicians Realty Trust, the REIT recently closed on five additional transactions. In the first quarter (Q1) of 2015, DocREIT made purchases totaling $234 million, closing on nine acquisitions with 23 properties in nine states. The facilities total 913,636 leasable square feet. The firm also purchased a non-medical office building […]
Transactions: Carter Validus II makes HRE acquisitions in Cincinnati, Winston-Salem
TAMPA, Fla. – In more news from Carter Validus, the company’s newly formed, second non-traded REIT, Carter Validus Mission Critical REIT II (CVMCR II), recently made three purchases.
Transactions: Newcomer Medical Properties of America Inc. lands MOB near Denver
LONE TREE, Colo. – Nashville, Tenn.-based Medical Properties of America Inc., a privately held real estate investment company, recently acquired the two-story, 36,541 square foot Renewal Medical Center in Lone Tree, Colo.
Transactions: Carter Validus taking $117M portfolio
20-building, five-state portfolio is occupied by 21st Century Radiation Oncology By John B. Mugford As of the end of March, Carter Validus Mission Critical REIT Inc. was in the process of acquiring a five-state, 20-building portfolio of medical office buildings (MOBs) that are fully occupied by Fort Myers, Fla.-based 21st Century Radiation Oncology.
Cover Story: Record-setting medical office sales reflect soaring investor demand
Both Q4 and 2014 set new records for total transaction volume By John B. Mugford Seemingly insatiable investor demand for medical office buildings (MOBs) continued unabated during the fourth quarter (Q4) of last year as the total dollar volume of transactions for both the quarter and year established new records. Back in February 2013, we […]
Transactions: NGKF helps Accretive cash in
Broker has handled four dispositions for the real estate investment firm in the past year By John B. Mugford In about the span of a year, the Global Healthcare Services team at Newmark Grubb Knight Frank (NGKF) completed the dispositions of four healthcare real estate (HRE) facilities in Southern California for Irvine, Calif.-based Accretive Realty Investment […]
Transactions: Physicians Realty Trust lands MOB across the street from hospital in New Orleans
NEW ORLEANS — Milwaukee-based Physicians Realty Trust (NYSE: DOC) recently paid $10.5 million for an eight-story MOB across the street from the 156-bed Oschner Baptist Medical Center in downtown New Orleans.
Transactions: Sanders Trust finds smaller, single assets to build its portfolio
BIRMINGHAM, Ala. – The Sanders Trust (TST), a well-known HRE investment firm that has done a number of large deals, recently demonstrated that it is also willing to make smaller acquisitions to build its portfolio of healthcare facilities. In recent weeks, TST spent a total of about $23.5 million in four transactions for five facilities. […]
Transactions: More HRE Transactions
■ A group of tenants in common (TIC) recently sold a two-story, 21,398 square foot MOB at 1800 116th Ave. in Bellevue, Wash., for
