News Release: LTC Generates $20.8 Million in Proceeds From Sale of Two Skilled Nursing Centers
WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)—LTC Properties, Inc. (NYSE: LTC), a real estate investment trust that primarily invests in seniors housing and health care properties, today announced that it has sold two skilled nursing centers in New Mexico. The two centers, totaling 235 beds, were sold for $21.3 million, generating proceeds of $20.8 million. The proceeds will […]
News Release: CREG Announces Sale of Four-Building MOB Portfolio in Salem, Ore.
RECENT CLOSING CLOSING DATE – MARCH 2023 TYPE – 4-BUILDING ORTHOPEDICS PORTFOLIO LOCATION – SALEM, OREGON PRICE – $20,000,000 TOTAL SF – 54,606 SF $/SF – $366/SF Capital Real Estate Group’s – U.S. Healthcare Investment Sales practice is pleased to announce the sale of a four-building medical office portfolio located in Salem, Oregon and totaling […]
News Release: DigitalBridge Closes Sale of Wellness Infrastructure Business
February 28, 2022 05:44 PM Eastern Standard Time BOCA RATON, Fla.–(BUSINESS WIRE)–DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge” or the “Company”) today announced it has completed the previously announced sale of its Wellness Infrastructure business (the “Wellness Sale”) to an investment group comprised of two leading real estate investment firms, Highgate and Aurora Health Network. The […]
News Release: Newmark Facilitates $72.7 Million Sale of Medical Office Building Portfolio
FOR IMMEDIATE RELEASE The five assets total 179,000 square feet and span four states New York, NY (February 28, 2023) — Newmark announces the $72.7 million sale of a fivebuilding, Class A medical office building portfolio. The 179,000-square-foot portfolio comprising outpatient medical office buildings and surgery centers spans four states—Pennsylvania, Connecticut, Georgia and Texas. Newmark […]
News Release: Newmark Awarded Leasing Assignment for Park 10 Commons, Mixed-Use Medical Office and Retail Development in Houston, Texas
Newmark announces it has been awarded the leasing assignment for Park 10 Commons, a mixed-use, multi-tenant medical office building and retail project in Houston, Texas, totaling over 260,000 square feet. Newmark Director Richard Barbles and Associate Director Noelle Hsieh-Schinas are exclusively representing the landlord and owner, 4M Investments, LLC, in the project leasing. Park 10 […]
News Release: Just Closed – Union Park (Atlanta)
Capital Markets | Healthcare & Life Sciences Just Closed Medical Conversion Opportunity Near Major Medical Hub Transaction Highlights Date Closed 2/17/2023 Size 178,739 SF Occupancy 65% Union Park | Atlanta, GA CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the closing of Union Park (the ‘Property’) in Atlanta, Georgia. Lee Asher, […]
News Release: Pantheon Expands Real Estate Strategy With Investment in Healthcare Platform; Adds Senior Hire to Real Estate Team
Healthcare real estate platform created alongside Elliott Bay, a leading investor and manager of mission-critical healthcare facilities across the US Exclusive partnership will assemble a diversified portfolio of outpatient healthcare assets leased to leading specialty providers, hospitals, and health systems nationwide Marks the third real estate platform established by Pantheon since inception of its real […]
News Release: Newmark announces the successful closing of a $50.4 million financing secured for a national medical office building portfolio
Newmark acted as exclusive advisor to the portfolio owner and borrower, Montecito Medical Real Estate Newmark Senior Managing Director John Nero, Executive Managing Director Ben Appel and Senior Managing Directors Jay Miele and Michael Greeley of Newmark’s Healthcare Capital Markets group led the transaction. Associate Ron Ott provided transactional support. The portfolio consisted of seven […]
News Release: RX Health & Science Trust Enters Atlanta Market thru Acquisition of Union Park
FOR IMMEDIATE RELEASE Chicago, IL (February 20, 2023) – RX Health and Science Trust (“RXHST”), an internally managed, real estate investment trust (REIT) focused on the acquisition and development of medical office facilities across the U.S., announced today the acquisition of Union Park in the Atlanta, GA MSA. The property consists of over 178,000 square […]
Feature Story: Investment outlook: Quick rebound or slow recovery?
InterFace panelists say there’s still a lot of capital flowing into the MOB space By John B. Mugford What a difference a year can make. At the InterFace Healthcare Real Estate (HRE) West conference in Los Angeles in February 2022, a panel discussion devoted to HRE investing was titled, “Who’s Buying, Who’s Selling and Transaction […]
News Release: First Citizens Bank Provides $50.3 Million Financing for Recapitalization of Medical Office Building Portfolio
NEWS PROVIDED BY CIT, a division of First Citizens Bank Feb 21, 2023, 09:23 ET NEW YORK, Feb. 21, 2023 /PRNewswire/ — First Citizens Bank today announced that its Healthcare Finance group, part of the CIT division, provided $50.3 million in financing to Montecito Medical Real Estate to recapitalize a portfolio of medical office buildings. The […]
News Release: Medical Properties Trust Announces Agreements for CommonSpirit Health to Acquire Steward’s Utah Operations and Lease MPT’s $1.2 Billion Utah Portfolio
February 15, 2023 04:32 PM Eastern Standard Time BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that it has agreed to lease its entire Utah hospital portfolio to Catholic Health Initiatives Colorado (“CHIC”), a wholly owned subsidiary of CommonSpirit Health (“CommonSpirit”), subsequent to CHIC’s pending acquisition of the Utah […]
News Release: The Sanders Trust Completes Development of 40-Bed Rehabilitation Hospital
New 56,000-sq. ft. Facility Located in Arizona Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment and development companies, is pleased to announce the completion of Dignity Health East Valley Rehabilitation Hospital – Gilbert located in Gilbert, Arizona. The Sanders Trust was selected as the owner and developer of […]
News Release: Walz Capital Acquires Medical Office Building through Physician Group Sale Leaseback in Myrtle Beach, South Carolina
FOR IMMEDIATE RELEASE MYRTLE BEACH, SC., February 13, 2023 – Chicago-based Walz Capital today announced their acquisition of a 9,546 square foot Medical Office Building in Myrtle Beach, SC. The two-story building, which is located at 1945 Glenns Bay Road, is master leased by South Strand Internists, with a 1,600 square foot sublease LabCorp. This […]
News Release: $12,050,000 Sale Announcement
15-Year STNL Medical Office Building Portfolio (4) with Leading Independent Midwest Eye Care Provider Madison Street Group is pleased to announce the investment sale of the Whitewater Eye Centers Real Estate Portfolio located in Indiana (3) and Ohio (1) to Montecito Medical Real Estate. Investment Highlights: Three (3) MOBs with one (1) ambulatory surgery center (ASC), and one […]
