The GlobeSt. HRE Conference “State of the Industry” panel included (from left to right): Kyle Arnold of Newmark, Chris Bodnar of CBRE, Jon Buehner Capital One, Darryl Freling of MedProperties Realty Advisors, Steve Reedy of First Citizens and moderator John Chang of Marcus and Millichap.
HREI™ photo

Feature Story: Healthcare: The ‘Steady Eddie’ of CRE

But expiring Obamacare subsidies, other issues concern GlobeSt. panel By John B. Mugford During what can only be described as a strong, profitable era for the owners of medical outpatient buildings (MOBs) and other types of healthcare real estate (HRE) facilities, uncertainty is perhaps the only potential dark cloud on the horizon. This uncertainty includes […]

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Feature Story: HRE demand drivers remain strong

John Chang explores the economy and this sector at the GlobeSt. conference By John B. Mugford When economist John Chang addressed the audience upon first arriving on the stage at last week’s GlobeSt. Healthcare Real Estate Conference in Scottsdale, Ariz., he shared that he’d had quite a hectic drive and was perhaps uncertain about whether […]

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The InterFace “State of the Industry” panel discussion included (from left to right) moderator Brett Levin of Blueprint, Frank Virga of TPG Angelo Gordon, Davis Rickard of Development Solutions, David Braunstein of Rethink Healthcare Real Estate,
Ryan Crowley of Healthcare Realty and Matthew Tarpley of Fifth Third Securities Inc.
Photo courtesy of InterFace Conference Group

Feature Story: REITs are selling MOBs, not buying. Why?

InterFace panelists reflect on those market dynamics and the year ahead By John B. Mugford The topic du jour during a “state of the sector” panel session at the 14th annual InterFace Healthcare Real Estate Southeast conference in mid-November in Nashville, Tenn., was the biggest arm’s length medical outpatient building (MOB) transaction of all time. […]

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Transactions: AW Property Company buys six MOBs from Healthcare Realty for $171 million

CBRE brokered sale of a Bon Secours portfolio in Greater Richmond, Va. By John B. Mugford In remaining true to its strategy of being “patient and disciplined” when it comes to making acquisitions, North Palm Beach, Fla.-based AW Property Company, a longtime healthcare real estate (HRE) firm focused on medical outpatient buildings (MOBs), closed on […]

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John and Beth Sweet in February 2023, after John won the 2022 HREI Lifetime Achievement Award. (HREI photo)

People & Companies: John Sweet, founder of Physicians Realty Trust, passes away

The self-proclaimed ‘late bloomer’ was given HREI Lifetime Achievement Award in 2022 MEQUON, Wis. – One of the healthcare real estate (HRE) sector’s best-known and most-respected professionals has passed away. John Wheaton Sweet Jr., who was born in Springfield, Mass., and spent much of his adult life in Greater Milwaukee, died this past Sunday, Nov. […]

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Transactions: Davis secures $171M refinancing

Loan from Capital One funds 820,000 s.f. portfolio, plus a $250M line of credit, By John B. Mugford Minneapolis-based Davis, one of the healthcare real estate (HRE) sector’s longest-standing firms, has secured a $171 million refinancing for a 19-property portfolio with more than 820,000 square feet of space in eight states. In addition to the […]

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Lon Mapes

Companies & People: Navigating California’s Inland Empire

Focusing on one region has made Lon Mapes the area’s go-to resource for HRE By John B. Mugford As HREI™ has noted in several articles over the years, there are certain professionals around the country who are considered to be the go-to healthcare real estate (HRE) resources in their respective markets. When it comes to […]

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Transactions: 18-MOB, 750,000 s.f. portfolio closes for $323 million

Fengate Asset Management was the buyer; Newmark represents the seller, Montecito By John B. Mugford Shortly before this week’s e-newsletter deadline, HREI learned of the closing of a $323 million portfolio sale-recapitalization of a portfolio of 18 medical outpatient buildings (MOBs) and ambulatory surgery centers (ASCs) totaling about 750,000 square feet across 11 states. Brokering […]

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Feature Story: Q1-Q3 MOB sales were the lowest in a decade

Volume remains slow, Revista says, but the Remedy-Kayne deal will boost Q4 by billions By John B. Mugford Although medical outpatient building (MOB) sales volume remained mired in a slump through the first three quarters of 2025, everyone involved in the sector understands that the volume will rise dramatically in the fourth quarter (Q4). That’s […]

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One of the larger MOBs in the Welltower portfolio is the four-story, 92,696 square foot John Muir Health outpatient center at 5860 Owens Drive in Pleasanton, Calif. The facility opened in 2002 and was acquired by Welltower for $35 million in 2022.
Photo courtesy of Remedy Medical Properties

Transactions: Biggest MOB deal ever: $7.2 billion

Remedy-Kayne acquiring 296-asset, 18 million s.f. Welltower portfolio By John B. Mugford In recent weeks, speculation swirled in healthcare real estate (HRE) circles that a large transaction involving millions of square feet of medical outpatient buildings (MOBs) was in the works – a deal so large that at least one sector insider described it as […]

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Project Case Study: What happens when your anchor tenant goes bankrupt?

Project Case Study: What happens when your anchor tenant goes bankrupt?

For Anchor Health Properties, a solid investment thesis saved the day By John B. Mugford For the owner of any real estate portfolio, the bankruptcy of the anchor tenant can be potentially devastating, even in the ordinarily resilient realm of medical outpatient buildings (MOBs). “There just aren’t too many good stories in our sector over […]

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MedProperties Realty Advisors Co-Founders and Managing Principals Roman Kupchynsky (left) and Darryl Freling (center) shared their company’s story with HREI™ Publisher Murray W. Wolf during the recent InterFace HRE Conference.
Photo courtesy of InterFace Conference Group

Feature Story: Demographics, deals and dukes

MedProperties Realty Advisors managing principals share their firm’s story By John B. Mugford It was mid-2007. At the time, healthcare real estate (HRE) was a widely ignored sector within the commercial real estate industry – certainly not considered to be one of the “main food groups.” Also, although no one knew it, the Great Financial […]

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The InterFace "Investment" panel discussion included (from left to right): Ted Barr of Woodside Health, Ben Appel of Newmark, Chris Morgan of Big Sky Medical, Justin Shea of Hammes Partners and moderator Steve Leathers of Transwestern.
HREI™ photo

Feature Story: HRE sales are picking up. Here’s why.

InterFace panel cites more capital, lower rates and higher occupancies By John B. Mugford Amid a growing sense that healthcare real estate (HRE) investment activity is picking up, a group of HRE professionals who were part of a recent panel discussion said that they feel quite positive about the sector’s near-term prospects, and they explained […]

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At the recent Colliers National Healthcare Conference in New Orleans, Mike Hargrave of Revista and David Braunstein of Rethink Healthcare Real Estate discussed foreign capital, the return of the portfolio premium, cap rates, spreads and more.
Photo courtesy of Colliers

Feature Story: Foreign capital is returning to HRE

At Colliers event, presenters also discuss the return of the portfolio premium By John B. Mugford As medical outpatient building (MOB) sales start to pick up in the second half of 2025 and into 2026 – which many healthcare real estate (HRE) professionals are predicting – a certain type of buyer looks to be getting […]

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Feature Story: A steady sector with mixed signals

Feature Story: A steady sector with mixed signals

InterFace panelists take a ‘30,000 foot’ look at the state of the HRE industry By John B. Mugford Although the healthcare real estate (HRE) industry remains a fruitful, steady place for owners and operators of facilities, there are currently a few mixed signals coming from a wide variety of data points and players in the […]

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News Release: Nominations are now open for 2025 HREI Insights Awards™

News Release: Nominations are now open for 2025 HREI Insights Awards™

Nominations are due Nov. 21, 2025. The 13th annual awards will be presented at the Revista Medical Real Estate Investment Forum (MREIF) Feb. 3, 2026. MINNEAPOLIS, Sept. 19, 2025 – Nominations are now open for the 2025 HREI Insights Awards™, the first and only comprehensive national awards program totally dedicated to recognizing excellence in the areas of […]

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News Release: Pacifica Medical Plaza lands refinancing

News Release: Pacifica Medical Plaza lands refinancing

News release JLL Capital Markets led the financing efforts for the 114,209 SF medical office in Irvine, California ORANGE COUNTY, Calif. Dec. 16, 2025 –  JLL Capital Markets announced today that it has arranged a refinancing for Pacifica Medical Plaza, a 114,209-square-foot medical building in Irvine, California. JLL worked on behalf of the borrower, a […]

News Release: JLL selected to manage Yale New Haven Health System’s real estate portfolio

News Release: JLL selected to manage Yale New Haven Health System’s real estate portfolio

Real estate services leader to deliver systemwide portfolio strategy, operational efficiency and brokerage support across 10M SF NEW YORK, Dec. 16, 2025 – JLL has been selected by Yale New Haven Health System (YNHHS), Connecticut’s leading non-profit healthcare system, to provide comprehensive real estate portfolio management across its 350 off-campus properties and eight million square […]

News Release: Just Closed - Ridges Pondview Medical Building

News Release: Just Closed – Ridges Pondview Medical Building

JUST CLOSED Ridges Pondview Medical Building Burnsville, MN Berkadia Medical & Life Sciences is thrilled to announce the successful closing of Ridges Pondview Medical Outpatient Building, a fully leased, 34,224-square-foot medical facility located in Burnsville, Minnesota. Eric Lee, Sabrina Solomiany, Chris Lashmet, Vasili Davos, and George Desloge acted as the exclusive advisors to Nashville-based Montecito […]

News Release: Elliott Bay Capital Trust Acquires Aultman Health Outpatient Medical Facility in Ohio

News Release: Elliott Bay Capital Trust Acquires Aultman Health Outpatient Medical Facility in Ohio

SEATTLE — Elliott Bay Capital Trust (“Elliott Bay”), a real estate investment company focused on essential healthcare properties, in partnership with Pantheon (“Pantheon”), a leading global private markets investor, today announced the acquisition of a state-of-the-art outpatient medical facility in Carrollton, Ohio. Elliott Bay acquired the 34,085-square-foot property through a sale-leaseback transaction with The Aultman […]

News Release: JLL’s Seniors Housing team closes sale and financing of Portland senior housing community

News Release: JLL’s Seniors Housing team closes sale and financing of Portland senior housing community

Morningstar at Happy Valley is an 87-unit assisted living and memory care community in the Greater Portland, Oregon, MSA PORTLAND, Dec. 11, 2025 –  JLL Capital Markets announced today that it has completed the sale and financing for Morningstar at Happy Valley, an 87-unit assisted living and memory care community in Portland, Oregon. JLL’s Seniors […]

News Release: The  Sanders Trust Breaks Ground on $45M  Inpatient  Rehabilitation Hospital in Greater Madison, Wisconsin

News Release: The Sanders Trust Breaks Ground on $45M Inpatient Rehabilitation Hospital in Greater Madison, Wisconsin

New 58,000-sq ft. Fitchburg facility to feature 40 all-private rooms and rehabilitative services Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment and development companies, is pleased to announce the recent groundbreaking of the a new free-standing inpatient rehabilitation facility in Fitchburg, Wisconsin.The facility is operated by UW Health, […]

News Release: Matthews™ Facilitates $19.9 Million All-Cash Sale of UnitedHealthcare-Operated Facility

News Release: Matthews™ Facilitates $19.9 Million All-Cash Sale of UnitedHealthcare-Operated Facility

Private retail fund acquires credit-backed Class-A outpatient asset HARTFORD, CT — Matthews™, a commercial real estate investment services and technology firm, completed the sale of ProHealth Physicians of Bristol, located at 1251 Farmington Ave, Bristol, Connecticut. Matthews™ Senior Vice President & Senior Directors Rahul Chhajed, Michael Moreno, and Vice President & Director Tyler Swade represented the […]

News Release: BGO and Anchor Health Properties acquire 71,394 square foot Class A Medical Outpatient Building in Austin, Texas MSA

News Release: BGO and Anchor Health Properties acquire 71,394 square foot Class A Medical Outpatient Building in Austin, Texas MSA

Austin, TX (December 10, 2025) – Anchor Health Properties (Anchor), a national, full-service healthcare real estate development, management, and investment company focused exclusively on medical outpatient buildings and specialty healthcare facilities, and BGO, a leading global real estate investment manager, recently closed on a two-story, 71,394 square foot Class A medical outpatient building in the […]

News Release: Nemours Children’s Health Opens Lisa Dean Moseley Foundation Institute for Cancer and Blood Disorders Outpatient Services and Day Hospital

News Release: Nemours Children’s Health Opens Lisa Dean Moseley Foundation Institute for Cancer and Blood Disorders Outpatient Services and Day Hospital

WILMINGTON, Del. (December 9, 2025) – Nemours Children’s Health today opened the Lisa Dean Moseley Foundation Institute for Cancer and Blood Disorders (Moseley Foundation Institute) Outpatient Services and Day Hospital, a state-of-the-art facility that will provide world-class care to pediatric patients in the Delaware Valley and beyond. The Moseley Foundation Institute at Nemours Children’s was established in March […]

News Release: Mixed-use medical and retail building on Long Island trades

News Release: Mixed-use medical and retail building on Long Island trades

JLL Capital Markets led the sales efforts for the NYU Langone Health-anchored property at 1300 Franklin Ave in Garden City, New York MORRISTOWN, N.J., Dec. 9, 2025 –  JLL Capital Markets (“JLL”) announced today that it has completed the sale of 1300 Franklin Ave., a 127,496-square-foot, mixed-use medical and retail building in Garden City, New […]

News Release: Lincoln Property Company and PGIM Launch Strategic Partnership to Scale Outpatient Medical Investments

DALLAS & NEWARK, N.J.–(BUSINESS WIRE)—Lincoln Property Company (“Lincoln”), a global, full-service real estate firm, and PGIM’s real estate business (“PGIM”), the world’s third largest real estate investment manager, today announced the formation of a strategic joint venture partnership to pursue outpatient medical investments across the United States. The joint venture extends Lincoln and PGIM’s longstanding […]

News Release: Northside breaks ground on Loganville medical building

News Release: Northside breaks ground on Loganville medical building

Northside Hospital has begun construction on a new medical office building at 4500 Atlanta Highway in Loganville, Walton County. Northside Medical Loganville will be a two-story, 40,000-square-foot building that will house a variety of Northside services and medical practices, including imaging, cardiology, primary care, OB-GYN and general surgery. The project is being developed in partnership […]

News Release: Flagship Healthcare Properties acquires multispecialty ambulatory surgery center in Madison, Alabama

News Release: Flagship Healthcare Properties acquires multispecialty ambulatory surgery center in Madison, Alabama

FOR IMMEDIATE RELEASE: DEC. 9, 2025 Transactions-Flagship-GastroHealth-4810NDavisHwy-MadisonALProperty is home to Madison Surgery Center MADISON, Ala. — Flagship Healthcare Properties (Flagship), an outpatient healthcare real estate firm, is pleased to announce the acquisition of a Class A, 100% leased multispecialty ambulatory surgery center (ASC) located at 460 Lanier Road in Madison, Alabama. Originally constructed in 2004, […]

News Release: Thomas Construction Group BreaksGround on New Healthcare Facility Expanding Care Access in Brunswick County

News Release: Thomas Construction Group BreaksGround on New Healthcare Facility Expanding Care Access in Brunswick County

Thomas Construction Group, together with Columbus Regional Healthcare System (CRHS), has officially broken ground on the new CRHS Advanced Care – Leland medical office building—a project that will significantly expand outpatient healthcare services for the rapidly growing Brunswick County community. This two-story, 69,963-square-foot facility is designed to bring essential care providers together in one modern, […]

News Release: Catholic Health Opens New Patient Care Pavilion at Good Samaritan University Hospital

News Release: Catholic Health Opens New Patient Care Pavilion at Good Samaritan University Hospital

Transformative facility redefines health care in Suffolk County Catholic Health today celebrated the opening of its new Patient Care Pavilion at Good Samaritan University Hospital, a six-story, 300,000-square-foot facility ushering in a new era of health care on Long Island’s South Shore. Marking Catholic Health’s largest investment in Suffolk County to date, the Patient Care […]