Industry Pulse: 7.9%
That’s the national average medical office building (MOB) capitalization rate for all of 2012, according to real estate research firm Real Capital Analytics (RCA) Inc. That includes both on- and off-campus facilities, as well as MOBs of varying quality levels. Of course, it can be dangerous to generalize because a range of factors contribute to […]
Transactions: National Health Investors announces $26.3 million senior living acquisition
MURFREESBORO, Tenn. –National Health Investors Inc. (NYSE: NHI) has announced that it plans to acquire a total of 254 skilled nursing beds in two Texas facilities for $26.3 million. The facilities, both less than two years old, are in Corinth and Canton, which are about 40 and 60 miles, respectively, from Dallas. Indirect affiliates of […]
Transactions: Canadian senior living company doubles U.S. portfolio with $141.7M buy
TORONTO – A Canadian real estate investment trust (REIT) has more than doubled its portfolio of U.S. senior housing and care properties with a $141.7 million acquisition of 13 assets in three states. Toronto-based HealthLease Properties REIT (Toronto: HLP.UN) has closed on the acquisition of 10 properties in North Carolina, two in Pennsylvania and one […]
Transactions: More HRE Transactions
■ The Sanders Trust (TST) recently acquired a 40-bed inpatient rehabilitation hospital in Mishawaka, Ind. Birmingham, Ala.-based TST paid $17 million for the 46,000 square foot facility, home of the Saint Joseph Rehabilitation Institute on the Elm Road Medical Campus in Mishawaka, just outside of South Bend. The facility provides services to patients of the […]
News Release: Just Closed – St. David’s Emergency Center – Bastrop
The CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the monetization of St. David’s Emergency Center – Bastrop. The CBRE Healthcare Capital Markets Group is pleased to announce the sale of St. David’s Emergency Center – Bastrop, a full-service freestanding emergency department consisting of 28,500 SF in Bastrop, TX to Austin-based real […]
Thought Leaders: The $36 million mistake
Why hospitals and health systems need to be aware of real estate risks By Deeni Taylor, Executive Vice President, Duke Realty, and John D. Claybrook, Partner, Waller Lansden Dortch & Davis LLP Deeni Taylor John Claybrook Did you know that medical centers in Libertyville, Ill., and Detroit recently paid $36 million and $30 million in […]
News Release: MedProperties Holdings launches second investment fund
$150 million fund will enable private equity firm to build upon and expand successful strategy employed with first fund DALLAS, April 17, 2013 – After successfully deploying the capital from its first $50 million discretionary investment fund into 12 investments in 19 healthcare facilities, Dallas-based real estate private equity firm MedProperties Holdings LLC has launched […]
Industry Pulse: Provider hit with $25.5 million fine for self-disclosed Stark violations
An announcement last week by the U.S. Department of Justice is sure to provide fresh ammo to healthcare real estate professionals who contend that one of the benefits of third-party real estate ownership is that it is a good way to avoid Stark Statute violations.
News Release: Acadia Healthcare to acquire two acute inpatient psychiatric facilities in Puerto Rico and Florida for $91.8 million
April 05, 2013 06:50 AM EDT FRANKLIN, Tenn. — (BUSINESS WIRE) — Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced that it has signed a definitive purchase agreement with Ten Broeck Tampa, Inc. and Capestrano Investment Company, Inc. to purchase two acute inpatient psychiatric facilities. Acadia will acquire the San Juan Capestrano Hospital in San […]
News Release: Griffin-American Healthcare REIT Acquires Buildings in Colorado, Georgia, Indiana and Michigan
Acquisitions in Colo., Ga., Ind. and Mich. increases portfolio to $1.42 billion NEWPORT BEACH, Calif., April 3, 2013 (GLOBE NEWSWIRE) — American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT II, Inc., announced today the acquisition of five medical office buildings by the REIT for an aggregate purchase price of approximately […]
News Release: MedProperties acquires Atrium Medical Center MOB
The 103,000 square foot medical office building is connected to the Atrium Medical Center in Middletown, Ohio, and offers convenient access and ease of use by patients and physicians MIDDLETOWN, Ohio, and DALLAS, April 3, 2013 – A new partnership of MedProperties Holdings LLC of Dallas, Texas and Equity Inc. of Columbus, Ohio, now owns […]
Transactions: HTA acquires another MOB in Dallas
This time, REIT pays $48.7M for facility on campus of physician-owned hospital By John B. Mugford In recent months, officials with Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) expressed how pleased they were to acquire a medical office building (MOB) on the campus of the physician-owned Forest Park Medical Center in Dallas. The […]
Cover Story: Advocate again
Seven MOBs on Chicago-area system’s campuses are back on the market By John B. Mugford When Advocate Health Care sold eight of its medical office buildings (MOBs) to Great Lakes REIT in 2002, it was a historic deal – one of the first large hospital-driven real estate monetizations. Now, 11 years later, seven of those […]
Cover Story: A concise history of the Advocate MOBs
A pioneering monetization was just the beginning of this portfolio’s storied history ■ July 11, 2002. Oak Brook, Ill.-based Great Lakes REIT confirms that it has agreed to buy a portfolio of eight medical office buildings (MOBs) from Advocate Health Care, a Chicago-based health system.
Cover Story: What’s included in the Advocate Medical Office Portfolio
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