Transactions: Lucile Packard Children’s Hospital buys off-campus MOBs in Los Gatos, Calif.
LOS GATOS, Calif. – Lucile Packard Children’s Hospital, part of Stanford University Health System, recently purchased a 63,000 square foot, two-building outpatient medical complex in Los Gatos for $24.5 million. The hospital made the acquisition, officials said, because its current six-year-old specialty center in Los Gatos is operating at full capacity.
News Release: Healthcare Real Estate Capital announces $123.8 million porfolio sale
Transaction Overview Healthcare Real Estate Capital (“HRE Capital”), as advisor to the transaction, is pleased to announce the disposition of a seven building, 364,560 square foot medical office building portfolio (“Portfolio”) located throughout Florida and Indiana. The 98% leased Portfolio has a weighted average age of less than eight years and included tenancy by national […]
News Release: Caddis Partners deals exceed $100 million
The purchase of the RiverGate MOB and surgical hospital complex in Durango, Colo., capped a record year of new developments and acquisitions for the firm DALLAS, Jan. 29, 2014 – Leading national healthcare real estate firm Caddis Partners LLC recently closed on the acquisition of the 69,053 square foot RiverGate Medical Center in Durango, Colo. The […]
News Release: Carter Validus Mission Critical REIT, Inc. Completes 2013 with nearly $1 billion in investment assets
(Tampa, FL) Carter Validus Mission Critical REIT, Inc. (“CVMC REIT”) announced that it acquired $593.2M in mission critical real estate assets in 2013, including $174.5M in the month of December, bringing the total investment amount in its portfolio to $988.1M, consisting of 3.1M rentable square feet across 17 states. The December acquisitions include: AT&T California […]
News Release: CNL Healthcare Properties acquires medical office buildings in California and Florida
Company purchases four healthcare facilities for $60 million — (ORLANDO, Fla.) Jan. 27, 2014 — CNL Healthcare Properties, a real estate investment trust (REIT) focused on senior housing and healthcare facilities, has purchased two medical office buildings in Coral Springs, Fla., and two medical office buildings in Chula Vista, Calif., for a combined $60 million. […]
Transactions: HTA landed big portfolio late in 2013
Publicly traded REIT purchased $123.8M portfolio of MOBs in Florida, Indiana By John B. Mugford As 2013 came to a close, there was a reported lack of medical office building (MOB) portfolios on the sales block. However, according to officials with Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA), the real estate investment trust […]
Cover Story: Buyer gets a warm reception
Physician group welcomes $141 million sale-leaseback By John B. Mugford Medical group tenant was big driver in six-building MOB portfolio deal Since its founding 17 years ago, a physicians’ group in the mid-Hudson Valley area of New York has built itself into one of the leading independent, multi-specialty physician practices in the United States. […]
Cover Story: Medical group tenant was big driver in six-building MOB portfolio deal
Since its founding 17 years ago, a physicians’ group in the mid-Hudson Valley area of New York has built itself into one of the leading independent, multi-specialty physician practices in the United States. “As (one healthcare real estate consultant) always tells me, a provider’s market share in its respective area is the key to its […]
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 […]
Hot Property: Interest high in Boston-area MOB
The Musculoskeletal Center in Peabody, Mass., is 93.8 percent occupied Name: The Musculoskeletal Center Address: 4 Centennial Drive City: Peabody, Mass. Number of buildings: 1 Square footage: 38,188 Date completed: 1976 Date redeveloped: 2003 Occupancy: 93.8% Average PSF rent: $23.66/NNN First year NOI: $879,276 Suggested price: $12.295 million Brokerage firms: MANSARD, Coppola Properties PEABODY, […]
Transactions: Marcus & Millichap brokers $9 million sale of Los Angeles MOB to undisclosed buyer
LOS ANGELES – An unnamed private investor recently acquired a three-story, 42,729 square foot MOB in the Granada Hills neighborhood of Los Angeles for $9 million, or $211 PSF. Representing the seller, Los Angeles-based Jamison Services Inc., was John R. Smelter, a senior director of Marcus & Millichap’s National Healthcare Real Estate Group from the […]
Transactions: San Diego medical office sells for $11.4 million to TDA Investment
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: 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: New publicly traded REIT, Physicians Realty Trust, continues making deals
MILWAUKEE – Physicians Realty Trust (NYSE: DOC), which raised about $123.8 million in an initial public offering (IPO) that closed in July, has made a number of significant acquisitions in recent months. According to new releases as well as data from Real Capital Analytics, the new healthcare REIT has made three separate purchases since September, […]
Transactions: G-A REIT II hits it big in December
Unlisted REIT invests more than $541 million on HRE only a single month By John B. Mugford A year ago, with an increase in capital gains taxes looming for anxious sellers, a flurry of medical office building (MOB) deals closed out 2012 and made it a record-setting year for total sales volume (dollar amount). After […]
