Nova Sky Investments Acquires Novi, Michigan Medical Outpatient Building 

Nova Sky Investments Acquires Novi, Michigan Medical Outpatient Building 

Nova Sky Investments, LLC announced that it acquired a medical outpatient building (MOB) in Novi, Michigan for $9.3 million. The price breaks down to $256 per-square-foot.  The two-story, 36,338-square-foot building is fully leased to Rehabilitation Physicians PC and Ascension Medical Group of Michigan.   Nova Sky Investments is a leading real estate investment firm, property management and realty company in the Detroit MSA. It was founded more than 12 years ago.  According to data captured in the LevinPro HC database, this acquisition marks the 79th MOB transaction of 2024. In 2023, 194 MOB transactions were reported, and in 2022 there were 216 announced.... Read More »
National Dental Healthcare REIT Expands Portfolio Across Multiple States

National Dental Healthcare REIT Expands Portfolio Across Multiple States

National Dental Healthcare REIT (NDH REIT), a member of the Thurston Group portfolio, has announced the completion of its latest real estate acquisition. The acquired properties include nine medical outpatient buildings (MOBs) located across New Mexico, Arizona, Georgia, Colorado, Mississippi, Texas and Alabama. NDH REIT partners with dental care providers in the general dental and specialty dental fields who own their real estate. NDH REIT was formed in mid-2020 by Thurston Group, a private equity firm focused on investments in healthcare service companies. Since then, the REIT has expanded to include 174 properties in 21 states. This move further solidifies NDH REIT’s position as a... Read More »
Montecito Medical Acquires 6 Ophthalmology MOBs in Atlanta, GA MSA

Montecito Medical Acquires 6 Ophthalmology MOBs in Atlanta, GA MSA

Montecito Medical, a leading acquirer of medical office properties nationwide, announced on June 4 that it has completed the acquisition of a portfolio consisting of six medical outpatient buildings (MOBs) in the Atlanta, Georgia MSA. The six MOBs, which represent a combined total of more 85,000 square feet, are 100% occupied. Thomas Eye, a dominant eye care provider in the area, serves as anchor tenant. The buildings are situated in the suburban and exurban communities of Roswell, Sandy Springs, Tyrone, Newnan, Woodstock and Lilburn, Georgia. Two of the properties include surgery centers for ophthalmic procedures. Montecito Medical Real Estate specializes in healthcare-related real estate... Read More »
Vitalis Properties Acquires Medical Outpatient Building for $12 Million 

Vitalis Properties Acquires Medical Outpatient Building for $12 Million 

Vitalis Properties announced that it was acquiring a 30,165-square-foot medical outpatient building (MOB) in Jacksonville, Florida for $12 million. The price is approximately $398 per-square-foot.   Cross Regions developed the build-to-suit MOB for Coastal Health in 2022. The facility includes clinical space for Coastal Health’s orthopedic, spine, pain management, podiatry and physical therapy practices, in addition to an 8,000-square-foot ambulatory surgery center on the first floor.  Vitalis is a vertically integrated real estate investment company focused on healthcare real estate investment sales, acquisitions and leasing across the United States.  Vitalis Managing... Read More »
Stockdale Capital Partners Acquires Austin, TX Medical Outpatient Building

Stockdale Capital Partners Acquires Austin, TX Medical Outpatient Building

Stockdale Capital Partners announced that it acquired a newly built, five-story medical outpatient building (MOB) in Austin, Texas, which first opened in 2023. The MOB, adjacent to Dell Children’s Medical Center, has 129,382 square feet of rentable office space and is part of Mueller Austin, a 700-acre master-planned community. Stockdale Capital Partners is a Los Angeles-based vertically integrated real estate investment firm. The company provides real estate investment services, as well as invests, owns and operates multiple asset classes. “Stockdale is excited about the acquisition of this Class-A medical office building strategically located near the Dell Children’s Medical Center in... Read More »
A Conversation with Lincoln Holdings at BOMA

A Conversation with Lincoln Holdings at BOMA

The editorial team at LevinPro HC attended BOMA International’s Medical Real Estate Conference last week and sat down with Katy Lincoln, an experienced commercial real estate professional and licensed broker at Lincoln Holdings. Below is the Q&A of the conversation covering the medical real estate market. Q: Can you provide a brief summary of your background and the work you do at Lincoln Holdings? A: I spent 8 years as a broker at CBRE working across all property types, including general office and retail, but I eventually moved into healthcare real estate development and acquisitions. Prior to starting Lincoln Holdings, I spent three years as the SVP of Real Estate and Operations for... Read More »