Transactions: Another record year
Annual MOB sales volume topped $8 billion for the first time in 2014 By John B. Mugford Back in February 2013, we at Healthcare Real Estate Insights™ published an article declaring that 2012 was the best year on record for medical office building (MOB) sales, as total volume topped $6 billion. As always, we used […]
Transactions: Harrison St. lands big Chicago deal
Equity investor pays $63.2 million for leasehold interest in building at Rush By John B. Mugford Harrison Street Real Estate Capital continues to find success in raising equity, as it recently topped the $1 billion mark for its fifth investment fund. It’s not doing too badly in placing that equity, either, focusing on investing in […]
Transactions: JV of Plaza Cos., USAA sells large, on-campus MOB in Phoenix for $28.3 million
PHOENIX — A joint venture of Peoria, Ariz.-based Plaza Cos. and San Antonio-based USAA Real Estate Co. recently sold what is being called a “signature” medical office building (MOB) in Phoenix for $28.3 million. The buyer of the five-story, 104,000 square foot Paradise Valley Medical Plaza is New York-based American Realty Capital (ARC) Healthcare Trust […]
Transactions: New player pays $19.9M for portfolio in Mid-Cities area of Dallas-Ft. Worth metro
ARLINGTON, Texas – A relatively new player in the MOB sector, one that acquires a variety of commercial real properties for 1031 exchange investors, is making some headway into the healthcare arena. This new player, Richmond, Va.-based Capital Square Realty Advisors LLC, led by founder and well-known commercial real estate attorney Louis J. Rogers, recently […]
Transactions: CNL Healthcare closes $238M deal
The timing was right for the sale, longtime developer Meadows & Ohly says By John B. Mugford In our September 2014 edition, Healthcare Real Estate Insights™ first wrote about a pending $238 million medical office building (MOB) transaction in which Orlando, Fla.-based CNL Healthcare Properties would acquire a portfolio of 13 medical office buildings (MOBs) […]
Transactions: CNL pays $11.3 million for 78% occupied MOB next to hospital in Margate, Fla.
MARGATE, Fla. – In more news from CNL Healthcare Properties, the non-traded REIT recently paid $11.3 million for a multi-tenant, 45,565 square foot MOB in Margate, Fla., near Fort Lauderdale along the Atlantic Coast. The REIT describes the Northwest Medical Park building, at 2801 N. State Road 7, as a “Class A” facility that is […]
Transactions: Healthcare Realty Trust lands MOB attached to hospital in Seattle suburbs
BURIEN, Wash. – Nashville, Tenn.-based Healthcare Realty Trust Inc. (NYSE: HR) recently acquired a 60,161 square foot, five-story MOB in Burien, in the suburbs south of Seattle, for $22.675 million.
Transactions: Minnesota system sells building in sale-leaseback; Health Care REIT is the buyer
ST. PAUL, Minn. – Toledo, Ohio-based Health Care REIT (NYSE: HCN) recently found a monetization acquisition opportunity in downtown St. Paul, Minn., and it moved forward on the purchase of the Nasseff Specialty Center from Minneapolis-based Allina Health.
Transactions: ARC Healthcare Trust II acquires docs’ MOBs in Northwest Indiana for $46M
MUNSTER, Ind. – In what some observers are calling the Midwest’s largest medical office building (MOB) deal of 2014, New York-based ARC Healthcare Trust II closed on a five-building portfolio in Northwest Indiana, outside of Chicago, for about $46 million. The portfolio has a total of 165,000 square feet, meaning the unlisted real estate investment […]
Transactions: DocREIT finds monetization in Ga.
88 percent-occupied portfolio has 13 buildings in Columbus, southeast of Atlanta By John B. Mugford As things stand in the healthcare sector, some health systems are inclined to retain the ownership of as much of their real estate as possible. There are some systems, however, who say they are willing to explore their options, perhaps […]
Transactions: Like a broken record
Q3 2014 MOB sales break the all-time third quarter record from a year ago By John B. Mugford After three quarters of the year, 2014’s medical office building (MOB) sales volume was on pace to set the all-time yearly record, with a potential for topping the high mark set just a year ago. However, it’s […]
Transactions: DocREIT acquires MOB portfolio for $23.1 million from Laub Realty
PENNSYLVANIA – In more news from Physicians Realty Trust, the REIT recently acquired a five-property medical portfolio from Bronx, N.Y.-based Laub Realty, a firm founded by Michael Laub that owns commercial properties in 12 states. The NGKF healthcare team – headed by Tood Perman, Garth Hogan and John Cobb – represented the seller.
Transactions: Griffin-American taking big deals
Non-traded REIT landing MOB portfolios for more than $20M; more deals coming By John B. Mugford With 2014 looking like the “year of the medical office building (MOB) portfolio sale,” Irvine, Calif.-based Griffin-American Healthcare REIT III did its part to solidify such a notion by entering two big deals recently.
Transactions: Harrison Street brings in $283M
Equity firm completes separate sales to Health Care REIT and CNL Healthcare By John B. Mugford Since its founding in the mid-2000s, Chicago-based Harrison Street Real Estate Capital has developed a successful formula for enhancing value in the properties it accumulates, holds and eventually sells in portfolios. The company accomplished such a strategy in recent […]
Transactions: CNL pays $47.9 million for MOBs in Glendale, Calif., and Massachusetts
ORLANDO, Fla. – In more news from CNL Healthcare Properties, the non-traded REIT recently made MOB acquisitions in Greater Boston and Glendale, Calif., paying a total of $47.9 million in two separate transactions. In Glendale, CNL acquired the Lee Hughes Medical Building, a 76,758 square foot MOB on the campus of the 500-bed Glendale Adventist […]
