Colony Development Partners Sells Harris Medical Park for $11.4 Million
On Campus Medical Office Building in Western NC Sold to Grubb & Ellis Healthcare REIT II Colony Development Partners, LLC, announced the recent sale of a 45,000 square foot, Class A, single-tenant medical office building in Sylva, North Carolina which had been developed by Colony Development Partners. The property sold for $11.4 million dollars to […]
Transactions: New portfolio hits market for new year
SEVEN PROPERTIES ARE LOCATED IN FOUR STATES, INCLUDING THE EAST COAST By John Mugford There are eager buyers are out there, well-capitalized and hungry to gobble up healthcare real estate. The only problem, of course, is that there just never seems to be enough product available to satisfy the appetites of those potential buyers, according […]
Transactions: HTA closes year by buying med park
$28.2 MILLION PURCHASE IN N.C. PUSHED REIT OVER $800 MILLION MARK FOR 2010 By John Mugford Heading into the fourth quarter (Q4) of 2010, Scottsdale, Ariz.-based Healthcare Trust of America Inc. (HTA) was certainly one of most active buyers of healthcare real estate and medical office buildings in the country, investing about $343 million in […]
HRE Capital handles Florida Orthopedic Institute sale/leaseback
HRE Capital is pleased to announce the completion of the following transaction Transaction Overview Healthcare Real Estate Capital LLC (“HRE Capital”) was selected as the exclusive financial advisor to the Florida Orthopedic Institute (“FOI” or “Practice”) related to the disposition of a 16,600 square foot ambulatory surgery center (“ASC”) located in Tampa, Florida. The ASC, […]
HTA acquires North Carolina MOB
Healthcare Trust of America, Inc. Acquires an Approximately 153,000 Square Foot Medical Office Park in Cary, North Carolina SCOTTSDALE, Ariz., Jan. 3, 2011 /PRNewswire/ — Healthcare Trust of America, Inc. (“HTA”), a self-managed, non-traded, real estate investment trust, announced the completed acquisition of a medical office park in Cary, North Carolina for approximately $28,200,000. The […]
Ventas subsidiary Lillibridge acquires ThedaCare portfolio
Ventas Acquires Medical Office Building Portfolio Totaling 225,000 Square Feet Transaction Represents Ventas’s First Medical Office Acquisition Under New Lillibridge Platform CHICAGO–(BUSINESS WIRE)–Ventas, Inc. (NYSE: VTR) (“Ventas”) said today that its wholly owned subsidiary, Lillibridge Healthcare Services, Inc. (“Lillibridge”), has acquired a portfolio of five class “A” medical office buildings totaling 225,000 square feet on […]
Transactions: Seavest makes buys in Alabama, Conn.
ACQUISITIONS MARK THE FIRST FOR COMPANY SINCE 2008; MORE ARE IN PIPELINE By John Mugford On the surface, it might have looked as if White Plains, N.Y.-based Seavest Inc. laid low during the throes of the recession and the constrained capital market, waiting for better times and more opportunities to invest in medical office building […]
Transactions: Lillibridge makes buy under Ventas
COMPANY SPENDS $36.6 MILLION FOR FIVE ON-CAMPUS MOBs IN WISCONSIN By John Mugford When well-capitalized Chicago-based Ventas Inc. (NYSE: VTR) acquired its down-the-street neighbor, Lillibridge Healthcare Services Inc., earlier in 2010, an executive with the publicly traded real estate investment trust (REIT) said there would likely be some medical office building (MOB) acquisitions in the […]
Companies: Firm buys doc-owned Houston hospital
NORVIN PARTNERS ACQUIRES REAL ESTATE, ARRANGES JOINT VENTURE OPERATOR By John Mugford In a deal put together by New York-based Norvin Properties and its managing partner and founder, Norman K. Livingston, Houston-based St. Luke’s Episcopal Health System recently acquired 51 percent of a new joint venture that is operating Patients Medical Center (PMC) in Pasadena, […]
Transactions: HTA closes on more MOB acquisitions
PACE OF PURCHASES, CONTRACTS SOARS IN PAST MONTH; $800M YEAR IN SIGHT By John Mugford Sorting through the numerous acquisitions and purchase agreements that Scottsdale, Ariz.-based Healthcare Trust of America Inc. (HTA) has made or entered in the last month can get complicated. That’s because the healthcare-focused real estate investment trust (REIT) has gone on […]
Transactions: Medical portfolio selling for $470M
SENIOR HOUSING PROPERTIES TRUST AGREES TO BUY 27 BUILDINGS IN 12 STATES By John Mugford When Seniors Housing Properties Trust was spun out of HRPT Properties Trust in 1999 as a publicly traded healthcare real estate investment trust (REIT), it retained the right of first refusal on a number of medical properties that HRPT – […]
Transactions: Hines closes on $97.9M acquisition
SUBSIDIARY BUYS DUKE UNIVERSITY-ANCHORED HOCK PLAZA I IN DURHAM, N.C. By Murray W. Wolf Hines Global REIT Properties LP recently closed on the previously announced acquisition of the 12-story, 327,160 square foot (rentable) Hock Plaza I at 2424 Erwin Rd. in Durham, N.C. The net purchase price was $97.9 million, exclusive of transaction costs, financing fees […]
News & Analysis: MOB sales jumped in Q3
VOLUME TOPPED $1 BILLION; FIRST TIME SINCE Q2 2008 By John Mugford Anyone hoping for a bounce back in medical office building (MOB) sales starting in the second half of 2010 certainly got what they wished for. For the third quarter (Q3), which ended Sept. 30, MOB sales totaled $1.083 billion, according to data compiled […]
Transactions: Rendina Cos. acquires MOB in Illinois
FIRM BUYS PROPERTY ON PROVENA SAINT JOSEPH MEDICAL CENTER CAMPUS By John Mugford Jupiter, Fla.-based Rendina Cos. recently acquired a three-story, 70,023 square foot MOB in Joliet, Ill., for an undisclosed price. The MOB, known as Madison Medical Plaza, is on the campus of the 480-bed Provena Saint Joseph Medical Center. Versa Property Management, a Rendina […]
Transactions: Equity Inc. makes move into Texas
OHIO REAL ESTATE FIRM ACQUIRES 70,327 S.F. FOOT PROPERTY IN CORPUS CHRISTI By John Mugford Columbus, Ohio-based Equity Inc. recently made its foray into the Texas healthcare market, as it acquired the Wellspring Center, a three-story, 70,327 square foot medical office building (MOB) on 0.61 acres at 5802 Saratoga Blvd. in Corpus Christi. The purchase price […]
