Topic: Mergers/Acquisitions

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...
June 30, 2015
Mike Hargrave

SABRA Healthcare REIT buys 4 Post Acute SNFs at $345K/Bed…

SABRA Healthcare REIT (NYSE: SBRA) announced in a recent filing that they purchased 4 post-acute SNFs located in Maryland at a price/bed that rivals some hospital trades.
June 27, 2015
Mike Hargrave

MOB Prices Trending Near All Time Highs…

If you feel like medical office pricing is about as high as it can go, you would have a point these days. The current 2nd quarter average price per square foot is running near $330 per square foot for MOBs.
June 17, 2015
Mike Hargrave

Ventas – Ardent Deal – Premium Price for a Premier Portfolio? – Part 1

The recently announced Ventas (NYSE: VTR) acquisition of Ardent Health services caught many healthcare real estate investors by surprise...
April 21, 2015
Mike Hargrave

Is Private Equity Becoming More Competitive?

Coming out of the great recession, Health Care REITs have generally enjoyed a cost of capital advantage over other forms of capital. This has played out in the Revista transaction stats as REITS purchased over $5 Billion of medical office buildings in 2014.
March 13, 2015
Mike Hargrave

REIT MOB Portfolio Valuations Rise in 2014

Overall, healthcare REITs had total returns of over 33% in 2014 and had an equity market cap approaching $100 Billion by the end of the year
February 26, 2015
Mike Hargrave

North Shore LIJ and Waterstone Development Group Team to Buy Manhasset, NY MOB

North Shore LIJ Health System of Great Neck, NY teamed up with Waterstone Development Group to purchase 600 Community Drive in Manhasset, NY
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