Topic: Mergers/Acquisitions

August 5, 2015
Mike Hargrave

HCP buys 11 on campus MOBs from Memorial Hermann Health System

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.
August 5, 2015
Mike Hargrave

Beverly Hills medical office buildings sell for over $1,000 per foot

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.
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.
1 4 5 6 7 8