Revista is thrilled to announce that Andrew Haslam, Chief Asset Officer for Providence St. Joseph’s Health System and Tom Errath, Director for Harrison Street Real Estate Capital will co-chair the 2020 Revista Medical Real Estate Investment Forum.
The country’s healthcare-focused REITs have always been, and are likely to continue to be, an important investor group in the medical office building (MOB) acquisitions sector.
While MOB transaction activity might have cooled somewhat and MOB construction remains steady, deliveries of hospital projects have been on a spike. Based on projects that have either opened or are scheduled to open by the end of the year, we will be adding roughly 35 million square feet to inventory in 2019.
There’s plenty of talk in the medical office building (MOB) sales sector that even though demand remains as high as ever for the product type, the volume has been quiet so far in 2019. Second quarter (Q2) and year-to-date MOB sales statistics compiled by healthcare real estate (HRE) data firm Revista, which provides a variety of HRE data to subscribers, confirm this notion.
The Forest Park Medical Center is a 54 bed, 142,000 square foot hospital that opened earlier this year.
American Realty Healthcare Capital Trust II, which recently purchased a portion of the LaSalle investment Trust MOB II portfolio, has also acquired a $132 million portfolio of medical office buildings from Pinnacle Healthcare of Harrisburg, PA.
Construction starts on new 5 story retail building and MOB in Midtown Detroit. Developers broke ground this week on a new 5-story, $68 million retail and medical office building project...
Wellstar Healthparks are medical office buildings that house a variety of outpatient services. The first one open was the Wellstar Acworth Health Park. This is a roughly 75,000 square foot multispecialty building that opened in 2012 and has by all accounts exceeded Wellstar's volume projections.
The 2nd half of the deal involved 13 MOBs and 534,000 square feet in 5 states. The total aggregate price of this part of the deal was...