News Release: CNL Healthcare Properties Acquires Four Medical Office Buildings in Tennessee
CNL Healthcare Properties has acquired four medical office buildings in or near Knoxville, Tenn., from affiliates of N.T. Brinkman, Inc., for approximately $57.3 million. The four Knoxville Medical Office Properties total more than 200,000 square feet of modern, Class A, medical office space and include the Physicians Plaza A at North Knoxville Medical Center, Physicians […]
News Release: American Realty Capital Healthcare Trust Investment Update
American Realty Capital Healthcare Trust (“ARC HT”), is a publicly registered, non-traded real estate investment trust focused on the acquisition of income producing healthcare facilities across the medical care continuum. Company Highlights Completed $1.7 billion equity raise during 2Q 2013 Closed over $200 million of transactions in 2013 (approximately $900 million in total) Portfolio includes […]
News Release: EnTrust Realty Advisors Announces the Sale of the Lincoln Healthcare Building in Bettendorf, IA
CHICAGO, July 9, 2013 – EnTrust Realty Advisors, LLC, announces the sale of the Lincoln Healthcare Building, a 39,899 SF medical office building in Bettendorf, IA. James I. Clark III, EnTrust’s Managing Principal, announced the transaction. EnTrust Realty Advisors and NAI Ruhl & Ruhl Commercial Company represented the seller, a private partnership, in the transaction; […]
News Release: Fairfield Advisors announces successful closing of St Vincent Medical Office Building
Denver CO & Little Rock AR / PR Newswire – Fairfield Asset Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the successful sale of the St Vincent Medical Office Building in Lonoke, AR. The Medical Office Building is anchored by the St Vincent Hospital System with headquarters in Little Rock […]
News Release: New York Downtown Hospital Merges with NewYork-Presbyterian Hospital
Newly named NewYork-Presbyterian/Lower Manhattan Hospital is the only acute care hospital south of 14th Street NEW YORK (July 1, 2013) — NewYork-Presbyterian Hospital announced today that New York Downtown Hospital has become its sixth campus, the result of a merger between the two hospitals. The 180-bed community hospital, now renamed NewYork-Presbyterian/Lower Manhattan Hospital, remains the […]
News Release: Emeritus Senior Living Announces Lease of 38 Communities
SEATTLE, WA, June 27, 2013 – Emeritus Corporation (NYSE: ESC) (“Emeritus”), the nation’s largest provider of assisted living and memory care services, today announced that the Company has entered into definitive agreements with Health Care REIT, Inc. (NYSE: HCN) (“HCN”) and Merrill Gardens under which Emeritus will lease a total of 38 senior housing communities […]
Post-Acute & Senior Living: Firm puts its brand on senior sector
Caddis Partners plans to develop up to 12 senior residences in next 18 months By Murray W. Wolf Caddis Partners LLC, a healthcare real estate firm best known for its medical office buildings (MOBs), is jumping into the senior housing market with both feet. In recent weeks, the Dallas-based healthcare real estate development, management and […]
Transactions: Two months, 21 assets acquired
Griffin-American Healthcare REIT II spends $141.3 million on 17 MOBs, four SNFs By John B. Mugford In the largest of the more-recent transactions, the REIT purchased 11 properties in what is known as the Central Indiana MOB Portfolio. The seller was
Companies & People: Plaza lands big leasing assignment
Firm is now in charge of REIT’s 795,000 square foot portfolio in Greater Phoenix By John B. Mugford When the Scottsdale Healthcare system in Arizona put a portfolio of medical office buildings (MOBs) on the market in late 2011, it was certainly big news in the healthcare real estate (HRE) sector.
Transactions: Broadstone acquires six MOBs from Milwaukee developer for $46.5 million
MILWAUKEE – In early June, Milwaukee-based Irgens, a healthcare and commercial real estate firm, sold six MOBs in a deal valued at $46.5 million. The buyer was Rochester, N.Y.-based Broadstone Real Estate.
Transactions: CNL Healthcare Properties adds to portfolio with $13.1M cancer center acquisition
WESTVILLE, Ind. – Orlando, Fla.-based CNL Healthcare Properties, an unlisted REIT focused on seniors housing and healthcare real estate (HRE), recently acquired a freestanding comprehensive cancer care center in Westville, Ind. The REIT, which is sponsored by CNL Financial Group LLC, paid
Transactions: Virtus, Flagship team up on $12.47 million MOB purchase in Greensboro, N.C.
GREENSBORO, N.C. – While it has flown under the radar a bit in the HRE sector, 10-year-old Austin, Texas-based Virtus Real Estate Capital has now acquired 47 medical office properties with affiliates and joint venture partners. In recent weeks, the private equity real estate investor partnered with Charlotte, N.C.-based Flagship Healthcare Real Estate Fund in […]
Companies & People: NexCore Group lands new tenants, expands others at MOB in New Lenox, Ill.
NEW LENOX, Ill. – Denver-based NexCore Group has made plenty of progress on filling up the MOB that it developed and owns on the campus of the new Silver Cross Hospital in New Lenox, a southwest suburb of Chicago. NexCore reports that since the beginning of 2013 it has finalized leases for more than 22,000 […]
Industry Pulse: Record MOB prices not here to stay
Recent interest rate changes give pause to some investors. Despite record-high medical office building (MOB) prices, recent interest rate fluctuations show that those prices won’t be around forever. That’s according to most recent Medical Office Investor Update report from CBRE.
News Release: GE Capital Provides $89 Million in Medical Office Building Financing to MB Real Estate
BETHESDA, MD – June 24, 2013 — GE Capital, Healthcare Financial Services announced today that it has provided $89 million in senior secured financing to MB Real Estate. The financing will be used to support the purchase of a medical office building in Atlanta, GA. “GE Capital has proven to be a reliable debt […]