News Release: Montecito Acquires Suburban Medical Office (San Antonio)
FOR IMMEDIATE RELEASE July 9, 2021 Nashville, Tenn. — Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of a new medical office building that is home to an ophthalmological surgery center in San Antonio, Texas. The American Surgery Center building, located in the city’s northern suburbs, offers […]
News Release: Echo Development Acquires On-Campus Medical Office Building in Haverhill, MA
Chicago, IL (June 2019) – Echo Development Group, Inc., in association with Annapolis, MD based Thomas Park Investments, announces it has acquired the Merrimack Medical Center, an on-campus medical office building adjacent to the 122-bed Holy Family Hospital, a member of the Steward Health Care Network. The property is 55,000 square feet and is located at 62 Brown Street in Haverhill, Massachusetts, a suburb of Boston roughly 35 miles north of downtown. The building was 70% occupied at the time of sale by an impressive list […]
News Release: Thomas Park Investments Enters Boston Market with Haverhill Acquisition
Maryland-based healthcare real estate firm purchases Merrimack Medical Center July 08, 2021 02:30 PM Eastern Daylight Time ANNAPOLIS, Md.–(BUSINESS WIRE)–Thomas Park Investments (TPI) acquired its first greater Boston-area medical office building with the purchase of Merrimack Medical Center at 62 Brown Street in Haverhill, Massachusetts. The 55,000-square-foot property is located on the campus of Holy […]
News Release: Financing secured for Irvine medical office conversion (Irvine, Calif.)
JLL Capital Markets placed the loan for 114 Pacific Court in the high-barrier-to-entry Irvine Spectrum submarket in Irvine, California NEWPORT BEACH, CALIF., July 7, 2021 – JLL Capital Markets announced today that it has arranged financing for 114 Pacifica Court, a 110,392-square-foot, Class A office building in Irvine, California. JLL worked on behalf of the […]
News Release: MedCraft Investment Partners Acquires Surgery Center
CINCINNATI, Ohio, June 30, 2021 — MedCraft Investment Partners continues to grow its medical office portfolio and recently closed on a surgery center in Cincinnati, Ohio. The acquisition is key to MedCraft’s mission of aligning with best-in-class physician groups and health care providers. We are targeting an additional $350 million in acquisition dollars over the […]
News Release: Montecito Medical Acquires Stony Point Medical Office Building, Home to the Prominent Stony Point Surgery Center in Richmond (Va.)
FOR IMMEDIATE RELEASE June 25, 2021 Nashville, Tenn. — Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of The Medarva Stony Point Medical Office Building, a multi-tenant medical office building, which includes an ambulatory surgery center (ASC) in an affluent suburban area of Richmond, Virginia. The two-story […]
News Release: MidCap Financial Closes First Mortgage Loan on a Five-Property Sonata Seniors Housing Portfolio
PRESS RELEASE BETHESDA, MD, June 29, 2021 – MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it recently closed a transaction with funds managed by affiliates of Fortress Investment Group LLC (“Fortress”). The $46,000,000 floating rate first mortgage loan facilitated the acquisition of a portfolio of five seniors housing […]
News Release: Just Closed – Jacobson Properties and Pyramid Brokerage of Binghamton Announce the Sale of West Taft Road Medical Center
June 24, 2021 — Lisa Menin of Jacobson Properties and Leo Jones of Pyramid Brokerage Company of Binghamton are pleased to announce the sale of West Taft Road Medical Center, a 42,374 square foot medical office building located in Liverpool (Syracuse MSA), New York. West Taft Road Medical Center was sold by West Taft Road […]
News Release: Newmark Completes $64 Million Sale of Medical Office Building Adjacent to Sutter Health in Northern California
FOR IMMEDIATE RELEASE San Francisco, CA (June 24, 2021) — Newmark Knight Frank (“Newmark”) announces it has arranged the $64.4 million sale of 1720 El Camino Real, a 106,018-square-foot medical office building located in Burlingame, California. Newmark’s Vice Chairman and Head of Northern California Capital Markets Steven Golubchik, alongside Senior Managing Director Seth McKinnon, Executive […]
News Release: Placement of Acquisition Financing – Copper Peak Medical Office Building (American Fork Utah)
JUST FINANCED COPPER PEAK MEDICAL OFFICE BUILDING Placement of Acquisition Financing CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the placement of acquisition financing for the post-closing financing of Copper Peak Medical Office Building. Sabrina Solomiany, Zack Holderman, and Cole Reethof acted as the exclusive advisors in arranging the financing. Copper […]
News Release: Scioto Properties Closes $20MM+ Real Estate Acquisition
NEWS PROVIDED BY Scioto Properties Jun 25, 2021, 12:46 ET COLUMBUS, Ohio, June 25, 2021 /PRNewswire/ — Scioto Properties, LLC, the largest U.S. provider of housing for people with disabilities, that also services the traumatic brain injury, behavioral health, substance abuse and adult day services markets, with sale-leasebacks and build-to-suits, announced Friday, June 18, 2021, the […]
News Release: Griffin-American Healthcare REIT III and Griffin-American Healthcare REIT IV Announce Definitive Agreements to Merge and Acquire American Healthcare Investors
Transactions will result in a self-managed, diversified healthcare REIT with a gross investment value of $4.2 billion, well-positioned for a potential future listing on a national stock exchange as the 11th largest healthcare REIT globally IRVINE, Calif. (June 24, 2021) – Griffin-American Healthcare REIT III, Inc. (“GAHR III”) and Griffin-American Healthcare REIT IV, Inc. (“GAHR […]
News Release: BGL Announces the Real Estate Sale of American Surgery Center (San Antonio)
Chicago, IL — June 24, 2021 — Brown Gibbons Lang & Company (BGL) is pleased to announce the real estate sale of American Surgery Center, an ambulatory surgery center totaling 11,544 rentable square feet (the Property) in San Antonio, TX. BGL’s Healthcare Real Estate team served as the exclusive advisor to the seller in the […]
News Release: Hillcroft Medical Clinic – CREG U.S. Healthcare Investment Sales (Sugar Land, Texas)
The CREG – U.S. Healthcare Investment Sales practice is pleased to announce the sale of the Hillcroft Medical Clinic located in Sugar Land, TX, part of the Houston MSA. CREG acted as the Seller’s exclusive advisors in the sale of the Property. The 100% leased Building consists of over 40,000 SF and was sold to […]
News Release: Medical Properties Trust Agrees to Acquire Five General Acute Hospitals in South Florida
Includes Leaseback to Steward Health Care of Facilities Valued at Approximately $900 Million Year-to-Date Investment Total Exceeds $3.4 Billion Funding Strategy Includes Substantial Proceeds from Anticipated Capital Recycling Activity June 23, 2021 04:30 PM Eastern Daylight Time BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that it has entered […]