News Release: Montecito Medical Acquires Medical Building in Dallas Metro
FOR IMMEDIATE RELEASE October 15, 2021 Nashville, Tenn. — Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of Rockwall Medical Office Building, the flagship location for Orthopaedic Specialists of Dallas. The property in the Dallas suburb of Rockwall, which offers approximately 14,000 square feet of space, is […]
News Release: Global Healthcare Services sale (Belpre Cancer Center)
RECENTLY SOLD: GLOBAL HEALTHCARE SERVICES Belpre Cancer Center Global Healthcare Services announces the sale of the Belpre Cancer Center, an on-campus, state-of-the-art cancer treatment center in Belpre, Ohio. The 2-story facility was constructed in 2021 and is 100% leased by Marietta Memorial Hospital, a prominent health system in southeastern Ohio with a network of 3,000 employees across 64 clinics. SALES PRICE: $79.9M SQUARE FEET: 77,367 PRICE […]
News Release: Easterly Government Properties Enters Into Joint Venture And Announces Agreement To Acquire 1,214,165 Sf Department Of Veterans Affairs Portfolio For $635.6 Million
WASHINGTON, D.C. – October 13, 2021 – Easterly Government Properties, Inc. (NYSE: DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today the formation of a joint venture with one of the preferred […]
News Release: Just Sold – Pomona Valley Health Center at La Verne
CBRE CAPITAL MARKETS | HEALTHCARE & LIFE SCIENCES JUST CLOSED Pomona Valley Health Center at La Verne La Verne, California 39,353 SQUARE FEET $24.6M SALE PRICE $625 PRICE PER SF 85% HEALTHCARE SYSTEM TENANCY 100% LEASED CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of the Pomona Valley Health Center at La Verne, a […]
News Release: CLOSED | $1Bn MOB JV & Portfolio Recap & $157M Debt Financing (Cornerstone)
HEALTHCARE CAPITAL MARKETS NEWMARK CLOSING ANNOUNCEMENT $1IBN Joint Venture $215M Portfolio Recap $157M Loan Placement MOB Portfolio Recapitalization and Programmatic Joint Venture on Behalf of the Cornerstone Companies Nationwide SEPTEMBER 2021 The Newmark Healthcare Capital Markets Team arranged the sale Of a 25 building MOB portfolio located throughout the country. The $215 million portfolio consists predominantly Of purpose-built […]
Transactions: A big purchase, a big sale in Southern California for Meridian
In Beverly Hills, firm/JV partner pay $81.5M for MOB; in Santa Ana, firm sells MOB for $29.9M By John B. Mugford Early October has been a busy time for Walnut Creek-based Meridian, which is well known in the healthcare real estate (HRE) sector for adding value to medical office buildings (MOBs) it acquires. In separate […]
News Release: Newmark Arranges Recapitalization for 25 Medical Office Building Portfolio and Programmatic Joint Venture on Behalf of Cornerstone Companies, Inc.
Newmark’s Healthcare Capital Markets Group Advised Cornerstone Companies and worked in Partnership with its Debt and Structured Finance Practice to Procure Financing for the Joint Venture New York, NY (October 12, 2021) — Newmark announces the firm has advised on the recapitalization of a 25-property medical office building portfolio on behalf of Indianapolis-based Cornerstone Companies, […]
Transactions: Patience pays off for Anchor in its most-recent MOB purchase
Firm acquires a fully occupied, 129,000 s.f. MOB in Las Vegas; total investment will be $45M By John B. Mugford It looks as if patience is not only a virtue in life but also in the highly competitive medical office building (MOB) acquisitions arena as well. On the surface, Media, Pa.-based Anchor Health Properties’ recent […]
News Release: Montecito Medical Acquires Medical Property in L.A. Metro Area
FOR IMMEDIATE RELEASE October 12, 2021 Nashville, Tenn. — Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of a medical building housing the Pomona Valley Health Center in the Los Angeles suburb of La Verne. The property, which offers slightly under 40,000 square feet of space, is […]
News Release: Anchor Health Properties Acquires a nearly 130,000 Square Foot Medical Office Building through an Off-Market Transaction
FOR IMMEDIATE RELEASE October 11, 2021 (Las Vegas, NV) Anchor Health Properties (Anchor), a national, full service healthcare real estate development, management, and investment company focused exclusively on healthcare facilities, has recently closed on the off market acquisition of a four story, 129,000 square foot best in region medical office building located in the greater […]
News Release: MidCap Financial Closes First Mortgage Loan on 92-Unit Seniors Housing Community on St. Simon’s Island, GA
PRESS RELEASE BETHESDA, MD, October 5, 2021 – MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it recently closed a transaction with Winterpast Capital Partners, Broadview Real Estate Partners and Vitality Senior Living. The $14.25MM floating rate first mortgage loan facilitated the acquisition and repositioning of Vitality at Frederica, […]
News Release: Blueprint closes 550,000 square foot portfolio consisting of 7 medical office buildings spanning 6 states
Medical Office DONE DEAL: CLOSING TIME Blueprint MOB team leverages national network and institutional expertise to successfully execute sale of complex portfolio Hired by a public REIT, Blueprint’s MOB team successfully marketed the portfolio through a national process and found the right buyer for their client ~ The portfolio consisted of medical office properties ranging […]
News Release: Meridian Purchases 67,510 SF Medical Office Building in Beverly Hills, California for $81.5 Million in Off-Market Transaction
FOR IMMEDIATE RELEASE: NEWPORT BEACH, Calif. – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has closed escrow on the purchase of Beverly Hills Medical Plaza, a 67,510-square-foot, three-story Class-A medical office building in Beverly Hills, California. The property was purchased as part of […]
News Release: Meridian Sells Newly Renovated 53,500 SF Medical Office Building in Santa Ana for $29.9 Million
FOR IMMEDIATE RELEASE: NEWPORT BEACH, Calif. – Meridian, a full-service real estate developer, operator and owner of medical real estate, is pleased to announce that the company has closed escrow on the sale of its newly renovated, 53,574-square-foot medical office building in Santa Ana, California, to a large Southern California healthcare provider. The purchase price […]
News Release: IRA Capital Expands Texas Endoscopy Center Portfolio With Acquisition Of The Digestive Disease Institute
October 5, 2021 IRA Capital (“IRA”) is pleased to announce the acquisition of The Digestive Disease Institute, a 21,000 square foot gastroenterology-focused medical office building and surgery center located in Beaumont, TX (“the Property”). The Property was constructed in 2005 and is 100% leased to two tenants, GI Alliance (“GIA”) and the Endoscopy Center of […]