Medical Office
Global Medical REIT to Buy 2 Hospitals in Sherman, TX
The company will pay $26 million to acquire two medical facilities totaling 81,352 combined square feet, with plans to lease them to current owner SDB Partners.
Atlanta-Area Medical Office Buildings Trade for $17M
Developed in 2007, the identical properties are 98.5 percent occupied, with approximately 87 percent of the rentable square footage leased to St. Mary’s Health Care System Inc.
China Life Invests $950M in ElmTree Portfolio
The majority of the assets are recently constructed, build-to-suit industrial, office and health-care properties in secondary and tertiary markets.
Largest C-PACE Deal to Fund CA Medical Center Retrofits
Verity Health System will use the 30-year loan to make mandatory seismic upgrades to Seton Medical Center in Daly City, Calif.
Long Island Medical Office Portfolio Hits the Market
Cushman & Wakefield is marketing the sale of two medical office buildings located in Great Neck and Manhasset, N.Y. The assets total 70,167 square feet of space and are 88 percent leased to multiple tenants.
Illinois Bone & Joint Institute Embarks on Renovation Project
The Missner Group will conduct the improvement works at the healthcare facility. The 2,900-square-foot space expansion will include a new physical therapy gym, private therapy suites, a modernized reception area and upgraded bathroom facility.
Transwestern Strengthens Health Care Services with Project, Construction Management
Peter Stojkovic has joined the firm as national managing director in the firm’s healthcare advisory services group, bringing more than 25 years of experience.
Cleveland Clinic, Rendina JV Breaks Ground on Coral Springs Facility
The two entities will develop the 72,000-square-foot Family Health Center in a joint venture. The facility is expected to open next year.
Carter Validus Grabs Largest Data Center in Connecticut
In addition to the data center, the REIT bought four health care facilities in Illinois and Texas, the purchase price for all five properties being over $141 million.
HCP Appoints Scott Brinker as New CIO
Brinker joins the firm from Welltower, where he was CIO since 2014. He also held various investment and portfolio management-related roles at Welltower since July 2001.