Monthly Archives: July 2015

July 31, 2015
Mike Hargrave

MOB in Oakdale, CA Trades Hands

A 51,000 square foot medical office building in Oakdale, California traded hands in late July. The Oakdale Medical Plaza was developed in 2007 by GL Bruno in association with Oak Valley Hospital. The MOB sold for $12 million or $235 per square foot.
July 30, 2015
Mike Hargrave

Medical Properties Trust to Buy Capella Healthcare

The deal is split two-thirds ($600 M) to real estate and one-third to operations. The deal represents the single largest transaction in MPW’s history and will grow their real estate asset base (based on 1Q15 gross real estate assets) by some 19%...
July 21, 2015
Mike Hargrave

HTA Sets the Pace in 2Q

Healthcare Trust of America (NYSE: HTA) recently announced it had closed on over $190 million worth of acquisitions in the second quarter of 2015. The acquisitions were in the REIT’s existing markets of Boston, Charleston, Indianapolis and Raleigh. Based on preliminary 2Q data, HTA is setting the pace for MOB transactions in 2Q...
July 7, 2015
Mike Hargrave

Ventas – Ardent Deal – Premium Price for a Premier Portfolio? – Part 2

Ardent purchased Hillcrest health system in 2004 for roughly $281.2 million. According...