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 […]
News Release: CNL Healthcare Properties Acquires Indiana Cancer TreatmentT Center
(ORLANDO, Fla.) June 20, 2013 — CNL Healthcare Properties, an investment offering focused on senior housing and healthcare real estate, has acquired the LaPorte Cancer Center, a freestanding comprehensive cancer care center in Westville, Ind., from Holladay Properties for $13.1 million. The 30,268-square-foot property is fully leased on a long-term, triple-net basis by the largest […]
News Release: CNL Healthcare Properties Acquires Indiana Cancer Treatment Center
CNL Healthcare Properties has acquired the LaPorte Cancer Center, a comprehensive cancer care center in Westville, Ind., for $13.1 million from Holladay Properties.The property totals 30,268 square feet and is fully leased on a long-term, triple-net basis by the largest independent oncology practice in Indiana. The LaPorte Cancer Center was purpose-built in 2010 by Holladay […]
Thought Leaders: CBRE 1Q 2013 National Medical Office Investor Update
CBRE 1Q 2013 National Medical Office Investor Update Included in this edition: • Overview of 1Q 2013 MOB Transactions • National Medical Office Cap Rate Trends • National Medical Office Sales Volume • Healthcare REITs Down, Not Out • Overview of 1Q 2013 MOB Transactions It’s widely known that REITs, as dividend generating stocks, are […]
News Release: Fairfield Advisors announces successful closing of Memorial Hermann Medical Office Building in Houston, TX- $13.3M Sale
Denver CO & Houston TX / PR Newswire (June 6, 2013) – Fairfield Asset Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the successful sale of the Memorial Hermann Medical Office Building located at 14201 E Sam Houston Parkway in Houston. The Memorial Hermann Health System is the largest […]
News Release: Fairfield Advisors announces successful closing of Mountain Top Medical Office Building
Denver CO & Wilkes Barre PA / PR Newswire – Fairfield Asset Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the successful sale of the Mountain Top Medical Office Building located in Wilkes Barre, PA. The Moutain Top Medical Office Building is anchored by the Wilkes Barre General Hospital as […]
News Release: Newmark Grubb Knight Frank: Recently Closed Transaction: MHO Onocology Center – Northwest Indiana
Investment Highlights Michael Bennett of Newmark Grubb Knight Frank acted as exclusive advisor on the sale of the MHO Oncology Center, located in Northwest Indiana. The Property was 100% occupied by Michiana Hematology Oncology and operates in partnership with IU Health LaPorte Hospital. The 20 Year NNN Lease had 17 years remaining at the time of sale. NGKF marketed the property to a large pool […]
News Release: Plaza Companies Lands Leasing, Property Management and Construction Services Contract For Large Class A Medical Office Building in North Phoenix
Lifeprint Health Center Owners Select Plaza for Services on 81,875 SF Building PHOENIX, Arizona (June 17, 2013) — Plaza Companies has landed a significant leasing, property management and construction services contract for a major medical office building in north Phoenix. The owners of Lifeprint Health Center, a Class A office building located at 20414 N. […]
