News Release: ZT Corporate Announces Successful Institutional Exit of Healthcare Real Estate
– The exit frees up capital and pays off debt, positioning the firm for operational growth – April 15, 2024 09:00 AM Eastern Daylight Time HOUSTON–(BUSINESS WIRE)–ZT Corporate, a private equity firm that specializes in healthcare and automotive investments, today announced that it has successfully exited its remaining healthcare real estate assets for its portfolio […]
News Release: Dominion sells 11,892 sf medical office building located within the Medical Mile in Flint (Mich.)
2024-04-11 20:20:39 GMTpress Bingham Farms, MI (April 2024) – James Mitchell, Vice President of Brokerage at Dominion Real Estate Advisors, LLC (DRA) and Michele Rosenblum, Vice President of Brokerage at Lee & Associates, represented the owner, LSPV Cornerstone Owner, LLC aka Versa Development in the sale of a 11,892 SF medical office building located at […]
News Release: Highwoods Announces Recent Disposition Activity
FOR IMMEDIATE RELEASE Sells $79.4M of Non-Core Assets RALEIGH, NC – April 4, 2024 – Highwoods Properties, Inc. (NYSE:HIW) has sold in a series of transactions non-core properties in Raleigh for combined gross proceeds of $79.4 million. Gross proceeds from dispositions closed in the first quarter of 2024 totaled $16.9 million with the remainder closing […]
Transactions: Evergreen buys seven Raleigh, N.C., medical assets
Highwoods Properties sold the portfolio for $62.5 million; JLL was the broker By Murray W. Wolf RALEIGH, N.C. – Highwoods Properties Inc. (NYSE: HIW) announced last Thursday, April 4, that it has sold eight Raleigh-area properties – including seven medical buildings – for a total of $79.4 million. The medical outpatient buildings (MOBs), plus one […]
Transactions: Remedy buys Rochester, N.Y., area MOB for $43 million
Broadstone Net Lease sold the 119,983 s.f. facility in the suburb of Greece, N.Y. By Murray W. Wolf GREECE, N.Y. – An affiliate of Chicago-based Remedy Medical Properties has acquired a four-story, 119,983 square foot MOB in the Rochester, N.Y., suburb of Greece from Broadstone Net Lease (NYSE: BNL) for $43 million. That’s according to […]
News Release: Medical Properties Trust Completes $350 Million Sale of Facilities to Prime Healthcare
BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that it completed its previously announced sale of five facilities in California and New Jersey to Prime Healthcare (“Prime”) for aggregate consideration of $350 million. The total consideration consists of $250 million paid in immediate cash and a $100 million interest-bearing […]
News Release: JLL Capital Markets arranged the sale and financing for an eight-building medical property portfolio in Raleigh, North Carolina
JLL Capital Markets represented Highwoods in the sale of the non-core assets April 05, 2024 CAROLINAS, Apr. 5, 2024 – JLL Capital Markets announced today that it arranged the sale of eight buildings totaling 338,000 square feet across from UNC-REX Hospital in the West Raleigh submarket to two separate buyers. One buyer purchased seven of the […]
News Release: Cambridge Savings Bank Supports the Expansion of Fair Haven Community Health Care with Loans Totaling Over $26 Million
Financing will support development of a comprehensive health clinic set to serve an additional 20,000 patients, increasing Fair Haven CHC’s capacity by 45 percent April 04, 2024 10:08 AM Eastern Daylight Time CAMBRIDGE, Mass.–(BUSINESS WIRE)–Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that […]
News Release: Montecito Continues Fast Pace in Q1 Medical Office Acquisitions with 11 MOB Deals
April 04, 2024 08:00 AM Eastern Daylight Time NASHVILLE, Tenn.–(BUSINESS WIRE)–Montecito Medical, a leading acquirer of medical office properties nationwide, continued its fast pace during the first quarter of 2024. Some of the company’s latest acquisitions included properties tenanted by market-leading providers ranging from the Mountain West to the eastern seaboard: Springfield Clinic / Peoria, […]
News Release: Woodside Health Announces Sale of Medical Office Park
CLEVELAND, OH (April 3, 2024) – Woodside Health, an Ohio based private equity firm specializing in healthcare real estate, has completed the sale of a large medical office park located in the Cleveland MSA. The 218,000 square foot portfolio consists of 19 buildings across three submarkets. Tenants include hospital systems plus a number of high […]
News Release: Tenet Completes Sale of Six Hospitals in California
April 1, 2024 DALLAS–(BUSINESS WIRE)– Tenet Healthcare Corporation (NYSE: THC) today announced that it has completed the sale of six hospitals and related operations in California consistent with previously disclosed terms. Tenet completed the sale of its four Orange County and Los Angeles County hospitals and related operations to UCI Health – consistent with the […]
News Release: UCLA Health acquires West Hills Hospital and Medical Center
March 29, 2024 UCLA Health has acquired the 260-bed West Hills Hospital and Medical Center and related assets from HCA Healthcare. The transaction, which was finalized on March 28, will help address hospital inpatient capacity needs, allowing UCLA Health to provide world-class care to more patients across the region. The hospital has been renamed UCLA […]
News Release: Hospital acquisitions met with celebration, excitement
Ribbon-cutting ceremony at UCI Health ― Fountain Valley marks historic moment March 28, 2024 IN THE NEWS: This week, UCI Health celebrated the acquisition of four medical centers and their associated outpatient locations. The purchase will enable Orange County’s only academic health system to build on its commitment to improve health in communities by expanding […]
News Release: Montecito acquires Wisconsin portfolio
Montecito acquires medical office portfolio in Milwaukee area Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired two buildings in the Milwaukee suburb of Germantown, Wisconsin. The two adjacent properties, which encompass a total of 92,573 square feet, are 100% occupied by Advocate Aurora Health. “We are excited to acquire these two […]
News Release: Maple Grove Executive Plaza sells in Minneapolis-St Paul Metro
Transwestern Brokers $8M Sale of the Medical Office Building (MAR. 19, 2024 – MINNEAPOLIS) – Transwestern Real Estate Services (TRS) announces the sale of Maple Grove Executive Plaza to an entity linked to MSP Commercial, a real estate firm focused on developing, acquiring and managing healthcare properties in the Twin Cities. The asset, located at […]