Transactions: Two MOB transactions, two vastly different prices paid per foot
NEW YORK and AURORA, Colo. – If ever a case could be made supporting the adage that location means everything in real estate, two recent MOB sales fit the bill. The sales also prove that when it comes to MOBs, occupancy at the time of the offering can mean a lot, too. One of the […]
Transactions: ARC Healthcare Trust buys MOB in Richmond for $19.2 million
RICHMOND, Va. – Talk about the ultimate retail location for a healthcare facility. New York-based ARC Healthcare Trust recently acquired an MOB in
Hot Property: Say ‘aloha’ to Hawaiian MOB for sale
Facility in Kapolei, west of Honolulu, is 97% leased with Kaiser as major tenant Name: Kapolei Medical Park Address: 599 Farrington Highway City: Kapolei, Hawaii Number of buildings: 2 Square footage: 51,545 Lot size: 3.47 acres Occupancy: 97% Seller: James Campbell Co. Largest tenant: Kaiser Permanente (30%) Buildings completed: 1999 First year NOI: $1.1427 million […]
Transactions: More HRE Transactions
■ Griffin-American Healthcare REIT II Inc. recently acquired an MOB at
Industry Pulse: More deals likely for Tenet after Vanguard
Health system lands new hospitals as well as even more acquisition firepower As most people involved in healthcare are well aware, Dallas-based Tenet Healthcare Corp. (NYSE: THC) in early October closed on its acquisition of Nashville, Tenn.-based Vanguard Health Systems, which had raised $450 million in an initial public offering (IPO) in 2011.
Industry Pulse: MOBs, senior living assets on the block
SNH reports “good interest” on seven-asset MOB portfolio Healthcare real estate investment trust (REIT) Senior Housing Properties Trust (NYSE: SNH) says it is receiving “good interest” on a seven-building, 831,499 square foot medical office building (MOB) portfolio it has been marketing during the past few months. The Newton, Mass.-based firm disclosed in July that “after […]
News Release: Clarion Partners acquires 10 Brookline Place in Boston’s Longwood medical and academic area
October 24, 2013 For Immediate Release Clarion Partners, a leading real estate investment manager, today announced the acquisition of 10 Brookline Place in Brookline, MA for $121.0 million. The six-story, 173,439 square foot office building serves as the southwest gateway to the Longwood Medical and Academic (LMA) area of Boston. Clarion purchased 10 Brookline Place […]
News Release: AW Property Co. sells six-building MOB portfolio for $63 million
AW Property Co. is pleased to announce the disposition of a six-building, 428,000 square foot, on-campus medical office building portfolio located throughout South Florida. Transaction Overview Healthcare Real Estate Capital (“HRE Capital”), as exclusive financial advisor to AW Property Co. (“AW”), is pleased to announce the disposition of a six-building, 428,000 square foot, on-campus medical […]
Cover Story: A grand bargain in L.A.
MOB sale shatters $1,000 per square foot barrier By John B. Mugford The buyer, Montecito Medical Investment Co., says the MOB merits the lofty price. John B. Mugford The average price per square foot (PSF) that MOB investors have paid so far in 2013 is right around $208 – that’s for transactions of more than […]
Transactions: HTA lands off-market deal in Florida
Publicly traded REIT buys six on-campus buildings from joint venture for $63M By John B. Mugford Healthcare Trust of America Inc. went fishing in South Florida and came away with a nice prize catch, a portfolio of six on-campus medical office buildings (MOBs). The Scottsdale, Ariz.-based publicly traded real estate investment trust (REIT) spent about […]
Transactions: ‘Health city’ in Florida fetches nice price
Health Care REIT pays $49.5million for medical mall that includes extra land By John B. Mugford In an example of how demand remains strong for high-quality, hospital-affiliated medical office buildings (MOBs), a joint venture (JV) partnership has garnered a double-digit profit in selling an Florida outpatient complex it acquired just two years ago. Toledo, Ohio-based […]
Transactions: Developer sells newly developed MOB for $21.85M in New Jersey
CHERRY HILL, N.J. – In May, Healthcare Real Estate Insights™ reported that a sale was pending for the newly developed LourdesCare at Cherry Hill, a 54,000 square foot outpatient center in the Philadelphia suburbs. That sale has indeed taken place, as the U.S. Healthcare Capital Markets Group of CBRE Group Inc. recently reported that the […]
Transactions: Harrison Street makes another acquisition in Twin Cities market
BURNSVILLE, Minn. – Chicago-based Harrison Street Real Estate Capital LLC recently made its second large medical property investment in the Twin Cities area of Minneapolis-St. Paul.
Transactions:California health district buys building housing its wellness center
CARLSBAD, Calif. – In an effort to save money over the long haul, Oceanside, Calif.-based Tri-City Healthcare District recently purchased an MOB complex in Carlsbad that houses its wellness and wound care programs. The public healthcare district paid $47 million for the facility, which was sold by private development firm ECR Corporate Center. The 58,000 […]
Transactions: Medical office building in Fayetteville, Ga., trades for $15.9 million, or $256 PSF
FAYETTEVILLE, Ga. – FCH Medical Building, a 62,106 square foot MOB in Fayetteville, traded in July for
