News Release: BMO Harris Healthcare Real Estate Finance provides a $28.6 Million Credit Facility for Kayne Anderson Real Estate and Remedy Medical Properties
Chicago, April 15, 2021 – BMO Harris Bank’s Healthcare Real Estate Finance group announces that it has closed on a $28.6 million term loan to Kayne Anderson Real Estate and Remedy Medical Properties to acquire a portfolio of medical office buildings. The portfolio consists of 4 facilities in Albuquerque, NM totaling 115k SF. The portfolio is […]
News Release: BioMed Realty Acquires Development Site in Seattle
New property capable of supporting a large-scale multi-tenant campus for life science and technology companies April 30, 2021 12:00 PM Eastern Daylight Time SAN DIEGO — (BUSINESS WIRE) — BioMed Realty, a leading provider of real estate solutions for the life science and technology industries, has acquired two adjacent parcels from Clise Properties totalling 1.8 […]
News Release: Montecito Acquires Surgical Facility In Suburban Cleveland
FOR IMMEDIATE RELEASE April 30, 2021 Nashville, Tenn. — Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of an outpatient-oriented surgical facility in the Cleveland suburb of Beachwood, Ohio. Beachwood Medical Center, which was built in 2019, encompasses 69,800 square feet and is 100% leased to an […]
News Release: Just Closed – Bridge Financing (West Orange, N.J.)
CLOSED Cadence Capital Partners Secures $12,955,000 Bridge Financing Cadence Capital Partners is pleased to announce the closing of a $12,955,000, 5-year term, Acquisition, Capex, TI/LC Bridge Loan for a multi-tenant medical office building located 0.75 miles from Saint Barnabas Medical Center in West Orange, New Jersey. Cadence worked diligently to source the non-recourse loan through a large debt fund. Cadence […]
News Release: Medical Office Conversion Financing – Rio Vista Plaza (San Diego)
JUST FINANCED RIO VISTA PLAZA San Diego, CA Medical Office Conversion Financing: Rio Vista Plaza CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the placement of acquisition and reposition financing for Anchor Health Properties, to help facilitate the purchase and conversion of Rio Vista Plaza to a 100% medical office building. Zack […]
News Release: Wilshire West Medical Tower refinanced with $42.5M loan
JLL Capital Markets led financing efforts for the Los Angeles-area property; continues to see resiliency/strength in the medical office sector LOS ANGELES – April 28, 2021 – JLL Capital Markets announced today that it has arranged a $42.5 million refinancing for Wilshire West Medical Tower, a 78,702-square-foot, trophy medical office building in the desirable Brentwood […]
News Release: Continued healthcare demand fuels on-campus Fullerton, CA MOB sale
JLL Capital Markets arranged the sale and financing of the 101 Laguna medical office building SAN DIEGO – Apr. XX, 2021 – JLL Capital Markets announced today that it has closed the sale and financing of 101 Laguna, a 21,554-square-foot medical office building in Fullerton, California. JLL worked on behalf of the seller, Healthcare Property […]
Transactions: High demand: MOB sells for a record $1,367 PSF, sub-4% cap
137 signed NDAs, 13 bid and a USC-leased Newport Beach, Calif., facility sold for $41 million By John B. Mugford Prices for medical office buildings (MOBs) occupied by strong tenants, including credit-rated health systems, continue to increase, in some cases rising to levels unimaginable not too long ago. A case in point can be found […]
Feature Story: Pandemic could push MOB sales volumes even higher
Panelists in Revista webcast discuss ways in which the crisis has changed deal-making By John B. Mugford Plenty has been written and said about the positive light that the COVID-19 pandemic has shed on medical office buildings (MOBs), including the fact that they have performed better and attracted interest from a wide range of investors […]
News Release: Ridgeline Capital Partners Acquires Medical Office Building in Mesquite, TX
FOR IMMEDIATE RELEASE April 26, 2021 Dallas, Texas – Ridgeline Capital Partners (“Ridgeline”), an owner of healthcare real estate, is pleased to announce that the firm has closed on the purchase of the 65,000 square-foot, three-story Physicians Specialty Center in Mesquite, TX in a joint venture with Harrison Street, one of the leading investment management […]
News Release: Recently Sold – Lake Health Beachwood Medical Center, Beachwood, OH
Newmark Global Healthcare Services Recently Sold: Lake Health Beachwood Medical Center Beachwood, OH Sold Date: 4.15.21 Sale Price: $58,250,000 Square Feet: 69,800 Description: A surgical hospital focused in orthopedics, urology, spine, general surgery and pain management Brokers: Todd Perman, CCIM Vice Chairman Global Healthcare Services 678.521.3454 tperman@ngkf.com Jay Miele Senior Managing Director Global Healthcare Services […]
News Release: CIT Serves as Sole Lead Arranger on $19.3 Million Financing for Texas Health Center
NEW YORK — April 22, 2021 — CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a $19.3 million loan to finance the acquisition of the Sugar Creek Health Center in Sugar Land, Texas. The Sugar Creek Health Center, an 84,646-square-foot medical office building located approximately […]
News Release: Hanley Investment Group Sells Portfolio of Four Single-Tenant Properties Leased to Fresenius Kidney Care for $9.8 Million in Indiana and Texas
Press Release Published: April 22, 2021 at 11:07 a.m. ET Apr 22, 2021 (AB Digital via COMTEX) — INDIANA & TEXAS – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has arranged the sale of four properties that […]
News Release: Montecito Acquires New Medical Office Building Near Indianapolis
FOR IMMEDIATE RELEASE April 22, 2021 Nashville, Tenn. — Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of a new, fully occupied medical office building in the Indianapolis area. The property, located in the affluent suburb of Zionsville, encompasses 12,294 square feet. The building, completed in 2020 […]
News Release: BMO Harris Healthcare Real Estate Finance provides a $6.7 Million Credit Facility for Caddis Healthcare Real Estate
BMO Harris Bank’s Healthcare Real Estate Finance group announces that it has closed on a $6.7 million term loan to Caddis Healthcare Real Estate for the acquisition of one medical office building located in Clayton, NC (Raleigh MSA) and totals 28.5K SF. The building is currently 100% occupied and features strong anchor tenants, such as […]