Medical Office
CareTrust Expands Health Care Portfolio
While providing mortgage financing for a SoCal property, CareTrust purchased other three skilled nursing facilities. Providence Group will be managing the assets.
Next Steps for Health Care
As patients’ needs change and technology advances, health-care developments are adapting. Mainstreet Group’s Zeke Turner considers how the health-care real estate sector is shifting—and attracting investors along the way.
Transwestern to Lease, Manage San Antonio MOB
Velocis’ recently acquired medical complex is currently 75 percent occupied to health care providers including Baptist Health System, MEDNAX, BB&T and the Center for Healthcare Services.
Skanska Disposes of $29M Swedish Nursing Facility
The project comprises a retirement home with 72 apartments on five floors. The facility is scheduled for completion by spring 2019.
SVN Sells Westlake Medical Office
Located in the heart of Westlake Village, Calif., the 29,783-square-foot medical building was sold for $8.9 million. The Pacific Bridge Team arranged the transaction.
First Phase of Bakersfield Commons to Start in 2018
World Oil Corp., which owns the site, chose Trammell Crow Co. to be the master-developer of the project that will feature residential, retail, industrial and office space along with a luxury theater and hotel.
Meridian Expands SoCal Portfolio
The company has added The Laguna, a 57,057-square-foot medical office building, to its portfolio, with plans to complete a $24 million renovation.
Capital One Provides $311M to Recap MOB Portfolio
The financial services company came through for the borrowers—an institutional investor and a joint venture between Kayne Anderson Real Estate Advisors and MB Real Estate Healthcare—arranging two loans for the recapitalization of 28 medical office buildings totaling 1.5 million square feet.
Advocate Health Care to Bring New Center to Chicago
The firm plans to convert the space on Clark Street into a state-of-the-art facility by early 2018. The property was formerly occupied by The Sports Authority,
Griffin-American REIT Acquires MOB Portfolio
The Fairfield County Medical Office Building Portfolio comprises two medical office buildings located in Stratford and Trumbull, Conn. Encompassing 80,000 square feet, the portfolio is 94.6 percent leased to 15 tenants.