JLL Closes on $38.3 Million Transaction
JLL Capital Markets announced on June 9 that it closed on a sale of Pembroke Pines Medical Plaza, a medical outpatient building (MOB) in Pembroke Pines, Florida. The seller was PPM Capital, LLC, an investment company based in San Antonio, Texas, which JLL represented. The acquirer was New York Life Real Estate Investors. The price was $38.3 million. Pembroke Pines Medical Plaza is located less than a mile from the 502-bed Memorial West Hospital and within 15 minutes of two other Memorial Healthcare System hospitals. Built between 2000 and 2001, the two-story MOB has gone under significant recent capital improvements. Overall, Pembroke Pines is 96.8% occupied to a diversified... Read More »
Montecito Medical Acquires Rochester, New York Medical Outpatient Building
On May 20, Montecito Medical Real Estate announced that it acquired a Rochester, New York medical outpatient building (MOB) for an undisclosed price. The MOB is occupied by Gastroenterology Group of Rochester. According to property records, the building comprises 10,395 square feet. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions involving more than $6.5 billion in medical and veterinary real estate transactions. This marks Montecito Medical’s 15th transaction of the year. Since the beginning of the year, the company has purchased MOBs in Georgia, Florida, Indiana, South... Read More »
Montecito Medical Acquires Northwest Georgia Medical Outpatient Portfolio
On May 13, Montecito Medical Real Estate, based in Nashville, Tennessee, announced that it acquired a medical outpatient building (MOB) portfolio in Northwest Georgia. The financial terms of the acquisition were not disclosed. The MOB portfolio comprises seven facilities and totals 308,145 square feet. The buildings are in Rome, Calhoun, Adairsville and Cartersville, Georgia, and are part of the Atlanta-Sandy Springs-Roswell MSA. All buildings are 100% occupied by The Harbin Clinic. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed more than $6.5 billion in medical and veterinary real estate... Read More »
Top Medical Outpatient Building Deals of 2025 (So Far)
Overall M&A Volume and Top Players The halfway point for 2025 is nearly here, so the team at LevinPro HC wanted to take this opportunity to review the top deals of the year in the Medical Outpatient Building sector. M&A activity in the sector has been slow compared with 2024, with only 74 deal announcements so far. Annualized, that’s approximately 160 deals (give or take), much lower than the 212 deals announced in 2024. Most of the deals (58 of them) this year have targeted a single property, averaging approximately 41,800 square feet. However, there have been a handful of portfolio deals, with those deals averaging 88,200 square feet. Total announced deal... Read More »
Big Sky Medical Acquires Rockwall, Texas Medical Outpatient Building
Big Sky Medical, based in Dallas, Texas, announced on May 6 that it purchased a medical outpatient building (MOB) in Rockwall, Texas. The MOB, called Lake Pointe Medical Plaza, comprises 46,359 square feet and is located on the campus of Baylor Scott & White Medical Center – Lake Pointe. It comprises two buildings and houses a diverse mix of medical tenants, including Baylor Scott & White affiliates. Big Sky Medical is a national real estate investment management firm that invests in healthcare-related real estate, with a concentration in the medical outpatient and life science sectors. The firm, which is headquartered in Dallas, has more than $2 billion in healthcare... Read More »Schedule a demo
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