Overall, the first 3 quarters of 2015 has seen $9.5 billion of medical real estate change hands. This is up from the first 3 quarters of 2014 when $5.3 Billion of
For the first time since Revista began tracking medical real estate transaction volume in 2014, hospital real estate transaction volume is outpacing Medical Real Estate Transaction Volume.
The Carlyle Group recently purchased the Corinthian Medical Offices from ProMed Properties for $48 million or $593 per SF.
The hospital yield reported in the mid-year transactions report include real estate trades of general acute care hospitals, acute rehabilitation hospitals and long term acute care hospitals...
I’ve received a number of questions about MOB construction activity in tertiary markets and am curious about this area myself! Most of the information that circulates is about major metro areas – but what about the rest of the country?
HCP, Inc. (NYSE: HCP), disclosed with the reporting of second quarter, 2015 earnings that it had purchased a portfolio of 11 on campus medical office buildings from Memorial Hermann Health System.
The interesting things about this deal, however, are the pricing and location of these assets. The total value of the deal was $449M for the 8 properties comprising 437,895 square feet. This works out to $1,025 per square foot which makes it the highest priced publicly announced MOB deal (per SF) this year.
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.
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%...