CD Healthcare Infrastructure Partners, LLC (CDHIP), a real estate infrastructure fund dedicated to facilitating consumer-centric healthcare delivery, has acquired a medical property in Phoenix, Arizona. The property is primarily leased to Banner Imaging, a part of Banner Health, the largest health care system in Arizona.
Brookfields Commons, a Henrico County medical office property, has sold for $32.5 million, Cushman & Wakefield | Thalhimer announced last week. Nashville-based Montecito Medical acquired the 90,598-square-foot Class A property on June 11 from an entity managed by Stanley Shield Partnership. Brookfield Commons underwent a full renovation in 2019 and is currently leased to four tenants, including an ear, nose and throat surgery center, a pulmonary practice, a full-service imaging center and a women’s health care practice.
Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that it has entered into definitive agreements to acquire 18 inpatient behavioral health hospital facilities and an interest in the operations of Springstone, LLC (“Springstone”) from Welsh, Carson, Anderson & Stowe (“WCAS”) for total consideration of $950 million. Springstone, based in Louisville, Kentucky, is a leading provider of behavioral health services in the United States distinguished by its purpose-built, inpatient facilities in carefully selected markets and care delivery across the full behavioral care acuity spectrum.
Healthcare real estate company Anchor Health Properties recently acquired an Englewood, N.J.-based medical office building where the Patient Care Associates surgery center is housed, according to a June 14 press release. The acquisition of the 37,818-square-foot building, which was part of a joint venture between AHP and investment management firm Harrison Street, also contains the Physical Medicine and Rehabilitation Center.
OrbVest, a global real estate company investing in income-producing medical commercial real estate in the United States recently closed its purchase of Fleming Island, a 76,771-square-foot office property located in Jacksonville, Florida for $14,450,000. OrbVest acquires profitable medical office commercial buildings in fast-growing locations across the United States, raising equity from limited partners from over 20 countries around the globe.
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a VCA Animal Hospital property for $1.3 million.
Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets, announced Tuesday it has entered into a series of transactions under which Harrison Street agreed to purchase 24 senior housing assets and sell 14 medical office properties across eight states, multiples sellers and counterparties for a total transaction value of approximately $1.6 billion. Harrison Street has agreed to acquire a portfolio of 24 Class A senior housing properties focused on assisted living and memory care consisting of 2,195 units across California and Nevada for approximately $1.2 billion.
Healthcare Realty Trust Incorporated (NYSE:HR) today announced the recent acquisition of three medical office buildings in three separate transactions for $140.8 million, bringing year-to-date acquisitions to $269.5 million. The Company is also under contract or letter-of-intent to purchase additional properties located in its existing markets for more than $200 million, subject to execution of definitive documentation and satisfaction of customary closing conditions.
LTC Properties, Inc. (NYSE: LTC), a real estate investment trust that primarily invests in seniors housing and health care properties, today announced the sale of three assisted living communities in Wisconsin that were part of LTC’s Senior Lifestyle portfolio for $35.0 million. The estimated gain from the sale of the properties, which include 263 assisted living units, is approximately $5.6 million.
A medical office building housing a surgery center and urgent care clinic in Burnsville, Minn., has sold for $52 million, the Minneapolis/St. Paul Business Journal reported May 27. Golden Valley, Minn.-based Twin Cities Orthopedics operates the facility, which spans 85,602 square feet. An entity affiliated with Healthpeak Properties, a real estate investment trust, purchased the property, according to the report.
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