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 »
Sila Realty Trust Acquires Reading, PA Medical Outpatient Building
Sila Realty Trust, Inc. announced on May 22 the acquisition of a medical outpatient building (MOB) located in Reading, Pennsylvania for $10.5 million. The two-story, 30,000-square-foot MOB was constructed in 2020 and serves as the outpatient treatment center for former patients of the adjacent inpatient behavioral facility, as well as other patients that only require outpatient care. The purpose-built facility is positioned on the campus of the 144-bed Tower Behavioral Health facility, also constructed in 2020. The MOB is fully leased to Reading Behavioral Healthcare, a joint venture between Acadia Healthcare and Tower Health. Sila Realty Trust is a public, non-traded real estate... Read More »
Montecito Acquires Northern Utah Orthopedic Medical Office Portfolio
Montecito Medical Real Estate, a leading acquirer of medical office properties nationwide, announced on May 16 its acquisition of a three-building portfolio in Northern Utah. The medical outpatient buildings (MOBs), which encompass a combined total of 48,527 square feet, are anchored and 100% occupied by Alpine Orthopaedic Specialists, a dominant specialty provider with 11 physicians and four locations across a service area that extends into Southern Idaho. The properties are situated in Logan, North Logan and Brigham City, Utah, respectively. The property in Logan includes an ambulatory surgery center. Montecito Medical specializes in healthcare-related real estate acquisitions and... Read More »
First Citizens Bank Funds $58.4 Million for Miami Medical Rehabilitation Facility
First Citizens Bank’s Healthcare Finance division has allocated $58.4 million in financing to Anchor Health Properties for the construction of a state-of-the-art, 92-bed inpatient rehabilitation facility in Miami, Florida. Set to encompass 96,000 square feet of rentable space, including an attached parking garage, the facility will be leased to a collaborative effort between Baptist Health South Florida and Lifepoint Health. It will specialize in acute rehabilitation services for conditions stemming from stroke, brain and spinal cord injuries, amputations, as well as neurological and orthopedic disorders. Baptist Health South Florida, one of the largest healthcare organizations in... Read More »
Insider’s Insight: Analyzing MOB Market Trends with Mindy Berman of JLL Capital Markets
Despite a recent uptick in M&A activity in Q1:24, the medical office building (MOB) market remains in flux. To understand the underlying dynamics, we spoke with industry expert Mindy Berman, Senior Managing Director in the Healthcare Capital Markets Group at JLL, a leading global commercial real estate and investment management company. JLL is the top capital markets intermediary in both the United States and globally, as well as the leading MOB broker in the United States. Between 2017 and 2022, JLL advised on 35% of all medical office sales, amounting to more than $7 billion in disclosed prices. The company has remained active since then, with 26 transactions announced during 2023,... Read More »Schedule a demo
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