REIT MOB Portfolio Valuations Rise in 2014
By all accounts, US healthcare REITs had a banner year in 2014. Overall, healthcare REITs had total returns of over 33% in 2014 and had an equity market cap approaching …
Mergers/Acquisitions
North Shore LIJ and Waterstone Development Group Team to Buy Manhasset, NY MOB
In an interesting transaction, North Shore LIJ Health System of Great Neck, NY teamed up with Waterstone Development Group to purchase 600 Community Drive in Manhasset, NY. According to a …
Fitch Ratings Issues Presale Report for Griffin American Healthcare REIT Commercial Mortgage Trust
Fitch Ratings recently released a presale report for the GAHR Commercial Mortgage Trust 2015. This is a CMBS issue of approximately $1.8 Billion to be used to fund the acquisition …
Ventas Completes Merger of HCT, MOB cap rate at 6.2%!
Ventas recently completed its previously announced $2.6 Billion acquisition of American Realty Capital Healthcare Trust (HCT). HCT’s portfolio spans 147 total properties including medical office buildings (78), seniors housing (46), post-acute/SNF …
The “On Campus” Medical Office Premium is 14% in 3Q14
Investors paid an average of 14% more per square foot for an on campus medical office building (compared to an off campus medical office building) in the 3rd quarter of …
Griffin American Healthcare REIT III Buys Southlake, TX Hospital
Griffin American Healthcare REIT III, which launched earlier this year, has been making a splash during the last half of 2014. After announcing in October an agreement to acquire a portfolio …
ARC Capital Healthcare Trust II Acquires Pinnacle Health MOB Portfolio
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 …
Dissecting the Recent LaSalle/HCT Deal…
Many veteran investors in medical office properties are familiar with LaSalle Investment Management. LaSalle, by many accounts, was the first institutional private equity investor to raise a fund focused on …
Recent Northeast Medical Office Transactions
The following are recent medical office buildings from Revista’s northeast region that traded hands: 110 Lockwood Ave, 140 Lockwood Ave, 140A Lockwood Ave, 150 Lockwood Ave Centrock Corp purchased the Lockwood Medical …
REITs Account for 48% of 2nd Quarter MOB Volume!
Real Estate Investment Trusts (REITS) accounted for 48% of the buying activity for medical office buildings (MOBs) in the 2nd quarter of 2014. REITs bought $454 million worth of MOBs in …
Preliminary 2nd Quarter Transaction Stats are In!
Preliminary data shows $1.629 Billion of transaction volume in the 2nd quarter of 2014. Overall, 90 properties comprising almost 6 million square feet traded hands in the quarter. Medical office buildings …