Medical Office
IRET Sells MOB Portfolio for $368M
The disposition of the approximately 1 million-square-foot, 25-property collection of medical office buildings marks the company’s final step toward its transformation into a pure-play multifamily REIT.
20 Sabra Health Care Facilities Command $103M
The assets are part of an original set of 35 properties marketed for sale. Sabra anticipates using the proceeds from the transaction to repay borrowings under its revolving credit facility.
Meridian Taps New VP
Responsible for the company’s growing property management portfolio across Northern California, Linda Shoemaker-Haskins will also oversee capital and tenant improvements.
Inland Real Estate Closes Chicago MOB Acquisition
The Edward-Elmhurst Health Center is a 13,000-square-foot medical office building, which features 10 exam rooms, one procedure room, one endoscopy suite and four pre- and post-recovery rooms.
Montecito Medical Acquires VA Medical Campus
The Clearfield Portfolio comprises two attached buildings totaling 86,377 square feet. Both structures are 100 percent leased to tenants providing urology services.
San Antonio Medical Center Changes Ownership
The three-story, 42,000-square-foot medical facility was 95 percent leased to eight medical practices on triple-net leases.
HFF Closes Sale of IL Nursing Facility
Helia Healthcare of Greenville is the only nursing home within a 20-mile radius offering skilled nursing services, including neuromuscular disorders care, amputation care, cardiac care, nutritional support, advanced wound care and enteral nutrition.
NY MOB Lands $17M Loan
The long-term FHA loan represents a permanent exit from a bridge loan that Greystone provided in 2015 for VestraCare’s acquisition of the skilled nursing facility.
Capital One Secures $44M Loan for NC MOB Portfolio
The borrower is a partnership between Heitman—a global real estate investment management firm—and Montecito Medical, a privately-held real estate company.
TX MOB Opens Doors
Code 3 Emergency Room & Urgent Care is open from 7:00 a.m. to 9:00 p.m. every day, including on weekends and holidays.