Transactions: Kaiser pays $42.8M for office building
PLANNED MOB CONVERSION IS MANAGED CARE FIRM’S LATEST DEAL IN D.C. AREA By John Mugford Oakland, Calif.-based Kaiser Permanente recently acquired a 200,000 square foot office building in Gaithersburg, Md., for $42.8 million. Kaiser plans to convert it into a medical office facility. Kaiser’s plans call for offering primary care, specialty care, full-service imaging, pharmacy […]
Transactions: Healthcare Trust remains acquisitive
REIT WOULD BUY THREE MOBS AND LTAC; IT ALSO CLOSES ON A FIRST MORTGAGE By John Mugford Last month, we reported that Scottsdale, Ariz.-based Healthcare Trust of America Inc. (HTA) had entered agreements to acquire 16 medical office buildings (MOBs) in the Phoenix area as well as three other MOBs in other states. In recent […]
News & Analysis: REIT makes $62.5M buy
VENTAS CLOSES ON THREE-BUILDING ACQUISITION By John Mugford At a couple of recent conferences and meetings focusing on healthcare real estate, Vincent M. “Vince” Cozzi, the managing director of acquisitions for Chicago-based Ventas Inc. (NYSE: VTR), made it clear that just because the company has plenty of cash on hand, it is not feeling any […]
Transactions: NHP nears $300 million deal with PMB
REIT WOULD BUY INTERESTS IN 7 MOBs WITH A TOTAL OF 600,000 SQUARE FEET By John Mugford Newport Beach, Calif.-based Nationwide Health Properties Inc. (NYSE: NHP) and San Diego-based Pacific Medical Buildings (PMB) made big headlines the last time they struck a big deal in early 2008. That deal was for as much as $2 […]
Product Focus: MOB sales jumped in Q3
VOLUME NEARLY TRIPLED VS. Q2; CAP RATES ROSE By John Mugford Folks involved in the sales of medical office buildings (MOBs) were predicting, or perhaps hoping for, a strong rebound by the second half of this year. According statistics recently released by New York-based Real Capital Analytics (RCA) Inc., they got one – in some […]
Special Report: Permanent shift for capital markets?
NIC PANELISTS SAY THINGS WILL GET BETTER, BUT IT WILL NEVER BE THE SAME By Murray W. Wolf In this, our fourth article from the 19th Annual NIC Conference, we explore how the recent disruptions in the capital markets have changed – perhaps permanently – and how that will affect the senior living sector. This […]
Transactions: Health Care REIT Inc. sells MOB park
ATLANTA-BASED ROBERTS COMMERCIAL PICKS UP EIGHT ASSETS FOR $7.7 MILLION Staff Reports Toledo, Ohio-based Health Care REIT Inc. (NYSE: HCN) in recent weeks sold the eight-building Johns Creek Medical Office Park in Johns Creek, Ga., for $7.7 million, or about $106 per square foot. The buyer was Atlanta-based Roberts Commercial Real Estate Services. The medical […]
Company Profile: FHA 242 debt in demand
INNOVATIVE CAPITAL GETTING HOSPITAL DEALS DONE By John Mugford At the start of this decade, as Alan P. Richman was delving into the idea of starting a company that would, among other services, secure Federal Housing Administration (FHA) Section 242 mortgage insurance for rural community hospitals, there were certainly some obstacles to overcome. “I was […]
Industry Pulse (September 2009)
By HREI Staff CAMPBELL, Calif. – Remember the recession? OK, we know, the economy is not out of the woods just yet – not even close. But before the recession took hold, the development of upscale medical facilities with plenty of amenities were on the upswing, giving people with good insurance and deep pockets the […]
Transactions: Tenants buy MOB near Sacramento
GROUP EXERCISES ITS RIGHT OF FIRST REFUSAL IN BUYING BUILDING FOR $20.5M By John Mugford A group of physician/tenants recently bought out the non-physician partners of a medical office building (MOB) on the campus of Sutter Roseville Medical Center, located in Roseville, Calif., a suburb of Sacramento. The acquisition price was $20.5 million for the […]
Transactions: Landmark acquires Arkansas portfolio
MILWAUKEE-BASED OWNER AND DEVELOPER GETS FOUR MOBs FOR $15 MILLION By John Mugford It was in 2004 when Milwaukee-based Landmark Healthcare Facilities, previously a third-party developer, started an entity to own medical properties. Since then, Landmark Healthcare Properties LLC has accumulated a portfolio of more than 20 assets that it has acquired and developed. As […]
News & Analysis: REIT nabs $161.6M deal
SELLER IS AA-RATED SOUTH CAROLINA SYSTEM By John Mugford Finally, a headliner of a transaction in the medical office building (MOB) market. In what should prove to be one of the biggest – if not the biggest – MOB transactions of 2009, Grubb & Ellis Healthcare REIT Inc. announced July 15 that it has agreed […]
Special Report: Equity providers tell BOMA their story
MOB CONFERENCE PANELISTS DISCUSS WHAT INVESTORS ARE LOOKING FOR NOW By John Mugford When it comes to doing healthcare real estate deals in the current market, everyone seems to utter the mantra that “cash is king.” There’s also a notion that equity funding is available for the right deals, at the right price and with […]
Transactions: Sanders Trust buys large MOB in Indy
145,000 SQUARE FOOT METHODIST PROFESSIONAL CENTER 2 IS FULLY OCCUPIED By John Mugford Birmingham, Ala.-based Sanders Trust in June acquired the 145,000 square foot, 100 percent occupied Methodist Professional Center 2 (MPC2) in Indianapolis. The five-story medical office building (MOB) is on the massive campus of the 802-bed Methodist Hospital, which is the state’s largest […]
Companies: Firm launches $40M fund
MED REAL ESTATE STILL STRONG, OMAN-GIBSON SAYS By John Mugford A combination of the current economic conditions and tight lending market, as well as the relative strength of healthcare real estate, has prompted a national development firm to start a fund that could see investments totaling up to $90 million in medical office buildings (MOBs) […]
