News Release: MedProperties Holdings invests in rehab hospital
MedProperties Holdings invests in rehab hospital Dallas-based real estate private equity investment firm is joint venturing with Avail Healthcare Ventures and Trivant Healthcare to develop 40-bed hospital near Austin, Texas MedProperties Holdings is serving as the primary equity source for a new rehabilitation hospital in Kyle, Texas, which will be 100 percent leased by a […]
News Release: Just Closed – Aa3 Rated MOB
Recently closed transaction, Spectrum Health West Pavilion – Grand Rapids, MI (MSA) Michael Bennett of Newmark Grubb Knight Frank acted as exclusive advisor on the sale of the Spectrum Health West Pavilion, located ub the Grand Rapids, MI MSA. The Property was 100% occupied by Spectrum Healthcare, rated Aa3 by Moody’s. The 15 Year NNN […]
News Release: Equity REIT Term Loans Top $30B
Between April 2012 and May 2013, aggregate outstanding equity REIT term loans jumped from $18 billion to $30 billion. General Growth Properties took out the largest term loan in 2013, with its $1.5 billion loan originated April 26. Equity REIT term loan usage has increased steadily over the last 18 months. As of May 10, […]
Transactions: Sale pending for newly redeveloped medical office in N.J.
CHERRY HILL, N.J. – The brand new LourdesCare at Cherry Hill, a 54,000 square foot outpatient center in the Philadelphia suburb of Cherry Hill, is most likely going to change hands soon. According to information from real estate research firm Real Capital Analytics (RCA) Inc., a sale is pending between the owner and developer of […]
News Release: American Realty Capital Healthcare Trust Reports First Quarter 2013 Results and Announces Completion of $160.8 million in New Acquisitions since the Fourth Quarter 2012
FOR IMMEDIATE RELEASE New York, New York, May 15, 2013 – American Realty Capital Healthcare Trust, Inc. (“ARCHT” or the “Company”) announced today that modified funds from operations (“MFFO”), as defined by the Investment Program Association (“IPA”), for the quarter ended March 31, 2013 increased 535.7% to $8.9 million from $1.4 million for the quarter […]
News Release: $16.4 Million Medical Office Refinance Arranged by Marcus & Millichap Capital Corp.
HOUSTON, May 14, 2013 – Marcus & Millichap Capital Corporation (MMCC) has arranged the $16.4 million refinance of a 125,000-square foot medical office building in Houston. Peter Dunn, a senior director in MMCC’s Houston office, arranged the loan. “The property was severely damaged by Hurricane Ike in 2008 and then completely abandoned,” says Dunn. “The […]
News Release: CBRE’S U.S. Healthcare Capital Markets Group Sells Willow Creek Medical Center
DALLAS, Texas – May 10, 2013 – CBRE arranged the sale of Willow Creek Medical Center, a 27,993-square-foot medical office building in Palestine, Texas, anchored by an ambulatory surgery center. Scott Herbold, Chris Bodnar and Lee Asher of CBRE’s U.S. Healthcare Capital Markets Group represented the seller. The facility is located in Palestine’s Willow Creek […]
News Release: Just Closed – Willow Creek Medical Center
The CBRE Healthcare Capital Markets Group is pleased to announce the sale of Willow Creek Medical Center, a 27,993-square-foot medical office building in Palestine, TX, anchored by an ambulatory surgery center. Scott Herbold, Chris Bodnar and Lee Asher represented the seller. Designed to stem the outflow of surgical procedures to medical centers in Tyler and […]
Thought Leaders: Providers Look to Real Estate to Create Efficiencies, Cut Costs
Marcus & Millichap Real Estate Investment Services Medical Office Research Report, National Report, First Half 2013 Within the next 10 years, healthcare reform could bring coverage to an estimated 27 million to 30 million uninsured Americans, though the final tally will depend on state-level participation in Medicaid expansion. The 65-year-plus age cohort will grow by […]
News Release: State of the Transaction Market
On April 29th, Todd Stender and Philip DeFelice with Wells Fargo Securities hosted a conference call with Chris Bodnar, Senior Vice President within the Healthcare Capital Markets Group at CBRE to discuss the state of the transaction market within the medical office building (MOB) sector. Below are some of the more-relevant questions and answers from […]
News Release: The Sanders Trust Acquires $17 Million Inpatient Rehabilitation Hospital in South Bend, Indiana
Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment companies located in Birmingham, Ala. announces their latest acquisition of the real estate assets associated with the Saint Joseph Rehabilitation Institute, a 40-bed inpatient rehabilitation hospital in Mishawaka, IN. The roughly 46,000 square foot facility is on the Elm Road […]
Transactions: ARC pays $19.2M for three buildings
REIT acquires 69,341 square foot Suburban Atlanta MOB campus from SRS By John B. Mugford New York-based ARC Healthcare Trust Inc. recently landed a three-building outpatient campus in a high-traffic location in Marietta, Ga., in the suburbs north of Atlanta. The complex is known as the Northside East Cobb Medical Campus. It has a total […]
Transactions: CNL said to be close to acquiring $54M portfolio in return to HRE market
ORLANDO, Fla. – Add another new – yet very familiar – name to the list of investors actively seeking MOBs. After selling several of its real estate investment trusts (REITs) during 2006-07, including one that owned healthcare facilities, Orlando-based CNL Financial Group launched a non-traded REIT in 2011 with a focus on acquiring senior housing […]
Transactions: New partners buy MOB in SW Ohio
MedProperties Holdings, Equity Inc. acquire asset in Middletown, near Dayton By John B. Mugford A new and perhaps expanding partnership of MedProperties Holdings LLC of Dallas and Equity Inc. of Columbus, Ohio, recently acquired an on-campus, five-story, 103,000 square foot MOB in Middletown, Ohio. The acquired building is the Atrium Medical Center MOB, one of […]
Transactions: Griffin-American REIT II invests $46 million on four separate MOB buys
NEWPORT BEACH, Calif. – Newport Beach-based Griffin-American Healthcare REIT II doesn’t seem to be having much trouble adding to its medical office holdings during what is supposed to be a tight MOB market. In recent weeks, the non-listed healthcare REIT’s co-sponsors, American Healthcare Investors and Griffin Capital Corp., acquired five MOBs for the REIT’s portfolio, […]
