Four Corners Property Trust Acquires a HCA Emergency Room property for $4.6 million
Four Corners Property Trust (FCPT) announced on April 20 the acquisition of a HCA Emergency Room property for $4.6 million. The property is located in a strong retail corridor in Texas and is occupied under a long-term, net lease with approximately nine years of term remaining. The transaction was priced at a 6.8% cap exclusive of transaction costs. FCPT, headquartered in Mill Valley, California, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. This marks... Read More »
Newmark Facilitates Recapitalization of Boston Life Sciences Building
Newmark has arranged the recapitalization of 15 Necco Street, a 345,995-square-foot Class A life science asset currently being developed in the Seaport District of Boston. Newmark represented the partial interest seller, an Alexandria Real Estate Equities, Inc. affiliate and National Development, and procured the partial interest buyer, Mori Trust Co., Ltd.’s U.S. subsidiary, MORI America LLC. The recapitalization is the largest single-building life science transaction in the United States year-to-date and Mori Trust’s first life science transaction in the United States, according to data from Irving Levin Associates, LLC. The laboratory/office component of 15 Necco Street will be fully... Read More »
Rising Medical Solutions Announces Acquisition of Preferred Disability Management
Rising Medical Solutions announced on April 12 the acquisition of Preferred Disability Management (PDM), a regional case management company headquartered in Carmel, Indiana. PDM’s services supplement Rising’s own portfolio and include telephonic, field-base and catastrophic case management services as well as medical record analysis, physician peer reviews, triage services, independent medical evaluations, life care planning, medical cost projections for setting reserves and return to work assessments. With the acquisition of PDM, Rising reinforces its delivery of full-service managed care solutions to the national marketplace while deepening its Midwest presence. Financial... Read More »
The IMA Group Acquires Accelemed Research Institute in Second Move of the Year
The IMA Group on April 11 announced that it entered into an agreement to acquire Accelemed Research Institute. The acquisition expands The IMA Group’s depth in multi-therapeutic clinical trial sites focused on cardiometabolic and GI diseases such as non-alcoholic steatohepatitis, obesity, high cholesterol and diabetes. The financial terms were not disclosed. Accelemed Research Institute operates out of Austin, Texas and conducts clinical trials to allow safety and efficacy data to be collected for new drugs, medical devices or treatment techniques. The IMA Group provides government workers with medical, psychological and related evaluations, as well as ancillary services.... Read More »
SMBC Leasing and Finance Acquires Fresenius Kidney Care East Greensboro
SMBC Leasing and Finance Inc. announced on April 11 that it acquired Fresenius Kidney Care East Greensboro, a medical office building (MOB) in Greensboro, North Carolina for $4.4 million The facility, which has a dialysis center, was built on 1.9 acres in 2003 and consists of 12,588 square feet of rentable space. The price was approximately $350 per square foot. SMBC Leasing and Finance Inc., a portfolio company of SMBC Americas Holdings, Inc., is a leasing company based in New York City. Fresenius’s five other North Carolina locations will remain open. According to data captured in the LevinPro HC database, this transaction represents the 63rd MOB acquisition of the year.... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
