Transactions: MOB sales jumped 29.3 percent in Q2
Q3 COULD SEE BIGGER RISE AS ONE MAJOR DEAL CLOSES, MORE ARE ON THE WAY By John Mugford For the second quarter in a row, medical office building (MOB) sales continued at a somewhat slower pace. However, at least one large portfolio sale is reportedly under contract and expected to close in the third quarter […]
Transactions: HTA back in buying mode with deal
REIT ACQUIRES DESERT RIDGE MEDICAL CAMPUS IN PHOENIX FOR $32.75 MILLION By John Mugford After a hiatus of about three months without making an acquisition, Scottsdale-Ariz.-based Healthcare Trust of America Inc. (HTA) was back in buying mode in recent weeks. The non-traded real estate investment trust (REIT), which has been a prolific buyer of healthcare […]
News & Analysis: ARC reveals $257M deal
ACQUISITION TO INCLUDE ASCs, MOBs AND MORE By John Mugford The healthcare real estate market has been buzzing and speculating in recent weeks, ever since Boston-based American Realty Capital Healthcare Trust Inc., a non-traded real estate investment trust (REIT), announced that it was acquiring a dozen medical properties for a price of $257.5 million. With […]
Transactions: Heitman/NexCore buy MOB for $23M
COMPETITION WAS STRONG FOR ON-CAMPUS FACILITY IN LANHAM, MD., NEAR D.C.By John Mugford Opportunities to acquire high-quality medical office buildings (MOBs) in the Washington, D.C., area have been somewhat rare in recent years. As a result, when such properties are indeed put on the market, the competition heats up quite nicely – especially if you’re […]
Transactions: The Sanders Trust adds to its portfolio
BIRMINGHAM, ALA.-BASED FIRM BUYS INPATIENT REHAB HOSPITAL IN LAS VEGAS By John Mugford The Sanders Trust (TST), a medical real estate investment firm based in Birmingham, Ala., has a goal of adding $100 million to its portfolio in 2011 through acquisitions and development. The company made significant progress toward that goal in May by paying […]
News & Analysis: G&E finds off-market deal
REIT PAYS $30M FOR PART OF A SEAVEST PORTFOLIO By John Mugford As several of the country’s publicly traded healthcare real estate investment trusts (REITs) grow larger through mergers and acquisitions (M&As), they are less likely to be interested in smaller deals of,perhaps, under $50 million. As a result, this super-sizing of the healthcare REITs […]
Product Focus: Q1 MOB sales sank 74%
BUT SALES PROFESSIONALS REMAIN OPTIMISTIC By John Mugford Hopefully, this was just a hiccup, the disappointing MOB sales volume that kicked off 2011 – a year that many professionals had predicted would be rife with plenty of opportunities and transactions. Instead, according to statistics compiled by New York-based Real Capital Analytics (RCA) Inc., the first […]
Industry Pulse: May 2011
NAPA, Calif. – A financially troubled MOB complex in California’s wine country is getting a new lease on life thanks to its recent acquisition by White Plains, N.Y.-based Seavest Inc. Seavest’s third healthcare real estate fund, Seavest Properties III, acquired the two-building, 65,000 square foot property at 1100 Trancas St. in Napa for $11.2 million, […]
Transactions: Grubb & Ellis REIT buys five properties
INVESTMENT TRUST PAYS NEARLY $67 MILLION FOR ASSETS IN SEVERAL STATES By John Mugford With 2011 off to a seemingly slow start for healthcare facility transactions, the two most active non-traded healthcare real estate investment trusts (REITs) accelerated the sales velocity with some significant purchases in the past month or so. The two REITs making […]
Special Report: Capital markets stirring
EXPERTS GIVE THEIR VIEWS ON DEBT AND EQUITY By John Mugford In describing the state of the capital markets of the past couple of years, a panel of professionals involved in providing money to the healthcare real estate industry used terms such as “disarray,” “roller coaster” and “wilderness.” Yet, when asked about the markets during […]
Transcations: Medical Properties Trust makes buys
REIT THAT FOCUSES ON HOSPITALS BUYS N.J. ACUTE CARE FACILITY, TEXAS LTAC By John Mugford Birmingham, Ala.-based Medical Properties Trust Inc. (NYSE: MPW), a publicly traded real estate investment trust (REIT), recently paid more than $80 million to acquire the real estate assets of an acute care hospital in New Jersey and a long-term acute […]
Transactions: Duke Realty buys large Charlotte MOB
REIT PAYS $47.7 MILLION FOR MOB ATTACHED TO CAROLINAS MEDICAL CENTER By John Mugford Indianapolis-based Duke Realty Corp. (NYSE: DRE) recently entered the Charlotte, N.C., market with the acquisition of a large medical office (MOB) building. The publicly traded real estate investment trust (REIT) acquired the 190,773 square foot Morehead Medical Plaza I for $47.7 […]
Companies: M&A trend: DASCO sold
DEVELOPER NOW PART OF BIG CONSTRUCTION FIRM By John Mugford As a group of healthcare real estate professionals engaged in a discussion in 2010 concerning trends in their industry, one of the participants predicted that merger and acquisition (M&A) activity will continue to increase – not only among hospitals and health systems, but among companies […]
Transactions: Landmark portfolio, NorthMarq MOB
The Landmark portfolio ■ Jersey City MOB in Jersey City, N.J. This 67,831 square foot facility is on the campus of Jersey City Medical Center. The new MOB was completed in 2010, is 100 percent occupied and is on land owned by the hospital and leased to the building owner through a long-term ground lease. […]
Companies (January 2011)
JLL, system partner up on real estate REAL ESTATE FIRM LANDS AGREEMENT WITH BEAUMONT HOSPITALS IN MICHIGAN By John Mugford At almost every medical office building (MOB) real estate conference a professional might attend these days, there is talk of the need for efficiency and the development of cost-effective buildings. That’s because as hospitals and […]
