REIT Report: Some speculate about HCP merger
Analysts point to a dearth of deal making, the CEO’s firing and a ‘cheap’ stock By Murray W. Wolf Should HCP Inc. (NYSE: HCP) merge with one of the other Big Three healthcare real estate investment trusts (REITs), Ventas Inc. (VTR) or Healthcare Care REIT Inc. (NYSE: HCN)? A growing number of securities analysts seem […]
News Release: SNL Real Estate: US Equity REITS’ Capital – Raising More Than $13B YTD
As of April 4, U.S. equity REITs had generated $13.33 billion in capital year-to-date, markedly less than the $19.45 billion raised over the same period in 2013. U.S. equity REITs had raised a total of $13.33 billion in capital year-to-date as of April 4, compared to $19.45 billion raised during the same period in 2013. […]
News Release: Seavest closes $29 million long-term loan
Real estate investment management firm secures new financing for the three-story, 149,000 square foot Beaumont Medical Center in West Bloomfield, Mich. WEST BLOOMFIELD, Mich., and WHITE PLAINS, N.Y., April 9, 2014 – Seavest Healthcare Properties has closed on $29 million in new long-term financing for the Beaumont Medical Center in West Bloomfield, one of Money […]
News Release: Ensemble Real Estate Solutions completes $2.4 million sale of Camino Del Sol Dental Plaza
Phoenix, AZ (April 7, 2014) – Ensemble has negotiated the $2.4 million sale of Camino Del Sol Dental Plaza, an 8,395 square-foot medical office building located at 13802 W Camino Del Sol in Sun City West, Ariz. Tracy Altemus, Marina Hammersmith and Autumn Storm of Ensemble’s Phoenix office represented the seller in the transaction. The seller was […]
Transactions: More HRE Transactions
DealPoint Merrill, a Los Angeles-based subsidiary of the Merrill Group of Cos., last fall closed escrow on a massive MOB complex, a former hospital, in downtown Dayton, Ohio. Elizabeth Place, on the banks of the Miami River, is an 820,000 square foot medical office facility that includes more than 100 medical practices. Included on the […]
Transactions: PRT hits the ground running in 2014
Physicians Realty Trust has closed $107.4 million in deals, mostly for MOBs By John B. Mugford Milwaukee-based Physicians Realty Trust (NYSE: DOC) is continuing with its purchasing ways to kick off 2014. The publicly traded real estate investment trust (REIT) recently acquired in separate deals: a large MOB in the “Pill Hill” area of Atlanta; […]
Transactions: Washington campus fetches big PSF
Three-MOB complex in Puyallup sells for $40.2 million to Seattle real estate firm By John B. Mugford The average price paid per square foot for medical office buildings (MOBs) in 2013 was just under $230, according to statistics from real estate research firm Real Capital Analytics (RCA) Inc. Yet, it came as no surprise to […]
Cover Story: MOB sales: What’s next after a record-setting 2013?
By John B. Mugford As most people involved in the sector know by now, 2013 was a record year for medical office building (MOB) sales. Data from Real Capital Analytics Inc., a real estate research firm, indicate that more than $6.5 million worth of MOBs traded hands in 2013, a total that includes only transaction […]
Transactions: A record-setting year for MOB sales
The MOB sales volume reached new heights last year, exceeding $6.5 billion By John B. Mugford Just when it seemed as if the sales volume of medical office buildings (MOBs) couldn’t go any higher in a single year, along came 2013. Just a year earlier, 2012 became the second-highest year for MOB sales of all […]
Transactions: CNL Healthcare pays $60 million for MOBs
Unlisted REIT acquires two medical office buildings in Florida and two in California By John B. Mugford CNL Healthcare Properties, an unlisted real estate investment trust (REIT) sponsored by Orlando, Fla.-based CNL Financial Group LLC, continues to make headway in the HRE sector. In recent weeks, the REIT closed on the acquisition of two medical […]
Transactions: Sabra REIT moves into acute-care space with Texas deals
DALLAS – For the most part, Irvine, Calif.-based Sabra Health Care REIT Inc. (Nasdaq: SBRA) looks to grow its portfolio primarily through the acquisition of senior housing and memory care facilities, with a secondary focus on skilled nursing facilities (SNFs). However, it also continues to search for “opportunistic” acquisitions of other types of healthcare real […]
Transactions: Ill.-based MedProperties Group looks west, to Arizona, for latest MOB acquisition
GILBERT, Ariz. – Northbrook, Ill.-based MedProperties Group (not to be confused with the unaffiliated, Dallas-based MedProperties Holdings) has ventured west for its latest MOB acquisition, acquiring Mercy Medical Commons in Gilbert, part of what the company calls the “rapidly growing” East Valley region of Greater Phoenix. According to MedProperties Group’s website, the Gilbert building is […]
Transactions: MedSouth Healthcare Properties LLC acquires Myrtle Beach, S.C., MOB
MYRTLE BEACH, S.C. – MedSouth Healthcare Properties LLC, a relatively new company focused on acquiring healthcare properties in the Southeast, recently purchased an MOB in Myrtle Beach in a JV with Sterling Fox Group LLC. Both MedSouth and Sterling Fox Group are based in Charlotte, N.C. The JV acquired Market Commons Medical, a 20,000 square […]
Transactions: TDA Investment Group buys 51,441 s.f. on-campus MOB in San Diego for $11.4 million
SAN DIEGO – TDA Investment Group of San Mateo, Calif., in recent months acquired an MOB located within a complex of three medical buildings across the street from Alvarado Hospital Medical Center in San Diego. The firm closed on Alvarado Medical Plaza III, a three-story, 51,441 square foot MOB, for about $11.4 million, according to […]
Transactions: More HRE Transactions
MedSouth Healthcare Properties LLC, a relatively new company focused on acquiring healthcare properties in the Southeast, recently purchased an MOB in Myrtle Beach, S.C., in a JV with Sterling Fox Group LLC. Both MedSouth and Sterling Fox Group are based in Charlotte, N.C. The JV acquired Market Commons Medical, a 20,000 square foot, two-story building […]
