News Release: Montecito Medical Acquires Virginia Beach Orthopedic Medical Office
Montecito Medical Real Estate FOR IMMEDIATE RELEASE October 16th, 2020 Nashville, Tenn. — Montecito Medical Real Estate, a premier owner of medical office properties throughout the U.S., has completed the acquisition of a medical office asset occupied by a leading orthopedic practice in Virginia Beach, VA. The building is home to the Jordan-Young Institute, the […]
Feature Story: Pandemic has done little to dent MOB investment activity
Investors in virtual InterFace event say 2020 volumes will be comparable to 2019 By John B. Mugford “This industry continues to display its real resiliency, and that is going to keep the capital flowing into it,” said Peter Westmeyer, CEO of Chicago-based Remedy Medical Properties, formerly MBRE Healthcare, which has the largest private medical office […]
News Release: CIT Serves as Sole Lead Arranger on $33.2 Million Financing for Medical Office Building Portfolio
NEW YORK — Oct. 6, 2020 — CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger for a $33.2 million loan to acquire a portfolio of medical office buildings across five states. The borrower, Montecito Medical Real Estate, used the loan proceeds to acquire a portfolio of eight […]
Feature Story: Has the case for monetizations changed in light of COVID-19?
A webinar that includes HRE professionals, a system exec discuss the issue By John B. Mugford The number of true “monetizations” in which health systems have sold ancillary real estate properties, including medical office buildings (MOBs), has been relatively scarce in recent years. This lack of monetizations, according to healthcare real estate (HRE) professionals, has […]
Feature Story: Providers might be more open to third-party capital
System executives were part of Colliers’ virtual HRE conference on Sept. 24 By John B. Mugford As noted as part of the description of a panel session that was part of Healthcare Virtual Conference 2020 sponsored and broadcast over the internet last week by Seattle-based Colliers International, “the world turned upside down in March.” Indeed, […]
Cover Story: H2C broadens its horizons
The investment bank Hammond Hanlon Camp is growing its team as a wider range of clients, property types and services are adding up to its best year ever By John B. Mugford Editor’s Note: Since this article was published, it was announce that Fifth Third Bancorp has agreed to acquire H2C. For more information please visit: […]
September/October 2020 PDF
To prevent unauthorized use of our Federally copyrighted content, Healthcare Real Estate Insights™ uses a three-step process to unlock access to the PDF versions of the Current Editions and Archives:
Feature Story: More net lease buyers turning to HRE
Yield-hungry investors are developing a taste for medical assets, panelists say By John B. Mugford The Globe Street (GlobeSt.com) Net Lease Conference, which has been held for two decades, typically has a heavy emphasis on the retail real estate sector. However, in recent years, the conference has added a session on the net-lease healthcare real […]
Companies & People: Ben Appel joins NKF’s growing HRE focus
Q&A with the 12-year MOB sales veteran, who has taken a leadership role with the firm By John B. Mugford During his 12 years of being focused on brokering sales of medical office buildings (MOBs), Ben Appel has been involved in transactions totaling more than of $5 billion. His successful career has included positions with […]
Transactions: Salt Creek campus in Chicago suburb sold for $50.9 million
MBRE/Kayne Anderson land the four-MOB complex; CBRE says demand was ‘strong’ By John B. Mugford As a number of other real estate sectors continue to feel the sting of the COVID-19 pandemic, an even more-intense spotlight is now shining on MOBs, especially those with strong tenants, as an investment vehicle. This is why investor demand was […]
News Release: MPV Properties celebrates 10 years
PRESS RELEASE Charlotte, NC (August, 2020) – MPV Properties (MPV), a full-service commercial real estate firm based in Charlotte, NC, announces the celebration of their 10th anniversary as a company. Formed from a merger between The Carolina Group and Merrifield Patrick, the latter of which was formed months earlier through a merger between Bissell Patrick […]
Transactions: A closer look at Tower Health’s $203.7M monetization
Amid the pandemic, the Pa.-based system sold 23 assets to Oak Street Real Estate Capital By John B. Mugford Just as June was coming to a close, a Pennsylvania-based health system’s sale of a 23-property, mostly medical office building (MOB) portfolio in southeastern Pennsylvania garnered a strong price of $203.7 million at a capitalization (cap) […]
Transactions: Q2 MOB sales were about $2 billion
As anticipated, Revista and RCA confirm that sales were down, but not as much as feared By John B. Mugford Despite the worries that medical office building (MOB) sales would see a big drop in the second quarter (Q2) amid the COVID-19 pandemic, the volume came in just fine — not great, but not awful […]
Feature Story: REITs shaking off pandemic pain
Senior housing has suffered, but rent collections generally remain strong By John B. Mugford As the country continues to grapple with the COVID-19 pandemic, the eyes of observers involved in the healthcare real estate (HRE) sector are intently focused on the financial health and investment proclivity of the publicly traded real estate investment trusts (REITs). […]
News Release: Healthpeak Properties™ Reports Second Quarter 2020 Results
NEWS PROVIDED BY Healthpeak Properties, Inc. Aug 04, 2020, 16:16 ET IRVINE, Calif., Aug. 4, 2020 /PRNewswire/ — Healthpeak Properties, Inc. (NYSE: PEAK) today announced results for the second quarter ended June 30, 2020. For the quarter, we generated net income of $0.09 per share, NAREIT FFO of $0.34 per share, FFO as Adjusted of $0.40 per share and blended Total Same-Store Portfolio Cash NOI results of […]
