This Week in Healthcare Real Estate – 2.9.18

Healthcare Real Estate News

State of emergency: An examination of freestanding ERs in Texas
Since the Legislature passed a 2009 law allowing freestanding emergency rooms to operate in Texas, the industry has taken off statewide. The facilities aim to add convenience by allowing patients to be seen faster than in full-service hospitals’ ERs — where overcrowding has been an issue — and by making emergency care more accessible in areas without a hospital nearby… Dallas Morning News

Portfolio Sale Demonstrates MOB Stability
There is Houston office investment interest across the board, including healthcare, thanks to improving fundamentals and the fact that better yields can be realized here than in other gateway markets. The five-building Pin Oak portfolio in the suburb of Bellaire recently sold for an undisclosed price. Norvin Healthcare Properties purchased the portfolio on behalf of its investment partnership, adding to its medical-oriented holdings in the Houston market…

Caddis’ First Fund Adds MOBs in Atlanta, Houston, Dallas
Fresh off closing its first investment fund, a national healthcare real estate company has acquired medical office buildings (MOBs) in Atlanta, Dallas and Houston. Dallas-based Caddis confirmed today it has acquired Brookhaven Medical Center just north of Atlanta, Prairie View Medical Plaza in the Dallas suburb of Flower Mound, TX, and Atascocita Medical Center in Humble, TX, in metro Houston. The three MOBs comprise a total of more than 120,000 square feet of space… CoStar Group

How Location And Demographics Factor Into Sale
Prairie View Medical Plaza is a half-mile from Texas Health Presbyterian Hospital Flower Mound and surrounded by dozens of other medical practices and occupied with a mix of leading medical tenants. Location and demographics are key factors in a recent disposition of a medical office building. Ridgeline recently sold Prairie View Medical Plaza, a 43,119-square-foot retail-style medical office building located at 4001 Long Prairie Rd., to Caddis…

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