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.
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
North Shore LIJ Health System of Great Neck, NY teamed up with Waterstone Development Group to purchase 600 Community Drive in Manhasset, NY
Ventas recently completed its $2.6 Billion and previously announced acquisition of American Realty Capital Healthcare Trust (HCT)
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.
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...
The following are recent medical office buildings from Revista's northeast region that traded hands:
Lockwood Medical Offices