Hammond Hanlon Camp LLC First Quarter Medical Office Building Report: Catholic Health Initiatives Announces the Largest Portfolio Monetization by a Health System in History
posted on June 7, 2016
NEW YORK — Catholic Health Initiatives (“CHI”) announced the sale of 52 medical office buildings totaling over 3.1 million square feet for approximately $703.5 million. The transaction is expected to close in four tranches, the first of which closed in early May, and the remainder expected to close in the second and third quarter. The buyer of the portfolio is Milwaukee-based Physicians Realty Trust (NYSE: DOC). H2C is serving as the financial advisor to CHI on the transaction, advising on issues related to transaction structure, tax and accounting implications, credit and financial implications and bond remediation.
Inside the 1Q16 MOB Quarterly Update
Key Transaction Highlights
Transaction Volume Trends
Regional Transaction Highlights
Pricing and Cap Rate Trends
Industry Rate Benchmark Trends
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Hammond Hanlon Camp LLC (“H2C”) is an independent strategic advisory and investment banking firm committed to providing superior advice as a trusted advisor to healthcare organizations throughout the United States. H2C’s professionals have a long track record of success in healthcare mergers & acquisitions, capital markets, real estate and restructuring transactions, acting as lead advisors on hundreds of transactions representing billions of dollars in value. Hammond Hanlon Camp LLC offers securities through its wholly-owned subsidiary H2C Securities Inc., member FINRA/SIPC. For more information, go to h2c.com
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