Tag Archive for: healthpeak properties

Varde, Unity Medical Partner Up For Palm Beach Gardens Office Acquisition

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Värde Partners and Unity Medical Properties are partnering up to acquire a medical office building in Palm Beach Gardens.

An affiliate of Värde, a Minneapolis-based global investment firm, and Unity, a Monterey, California-based medical office real estate investment firm, paid $14.5 million for Laser and Surgery Center of the Palm Beaches. The joint venture also obtained $8.7 million in seller financing, records and real estate database Vizzda show.

The seller, an affiliate of Denver-based Healthpeak Properties, paid $14 million in 2015 for the single-story building that sits on 1.9-acres on 3602 Kyoto Gardens Drive, records show.

 

Source:  The Real Deal

 

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Public Company Plans 3-Story Medical Office Building In Doral

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Healthpeak Properties wants to build a medical office building in Doral.

The city was scheduled to hold a council zoning meeting regarding the 11.4-acre site at 10915 N.W. 41st St. on June 28. It’s owned by East Florida DMC, a subsidiary of Nashville-based hospital giant HCA Healthcare. It currently has an 11,137-square-foot free-standing emergency department that HCA built in 2019, but much of the land is vacant.

Denver-based Healthpeak would build a three-story medical office building totaling 62,160 square feet on part of the vacant land. The project would have 253 surface parking spaces, including six spaces for electric vehicle charging.

 

Source:  SFBJ

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Wickshire Senior Living Buys Fort Lauderdale ALF For $17M

2855 West Commercial Boulevard

Wickshire Senior Living bought a Fort Lauderdale facility for $17.3 million, as Florida’s reputation as a magnet for retirees continues to spur investor demand in the sector.

The Brentwood, Tennessee-based company bought the property at 2855 West Commercial Boulevard from an affiliate of Denver-based Healthpeak Properties, records show.

The deal for the 293-unit facility equates to $59,044 per unit. The 303,992-square-foot building was constructed in 1988 on 18 acres, property records show.

The facility offers independent living, assisted living and memory care, according to Wickshire’s website.

Healthpeak Properties, a real estate investment trust led by Thomas Herzog, has been selling off its senior living facilities, including at least four in South Florida this year.

It sold three facilities in Boynton Beach and near Delray Beach and Boca Raton to Fortress Investment Group in May for $29.3 million.

 

Source:  The Real Deal

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Medical Office Building Near Plantation Hospital Sells For $15.5M

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The Westside Medical Arts Building near Westside Regional Medical Center in Plantation sold for $15.5 million.

Westside Medical Center Development LLC, managed by Dhvanit Patel of Tampa-based Onicx, sold the 40,296-square-foot medical office building at 8251 W. Broward Blvd. to Westside MOB LLC, in care of Irvine, California-based Healthpeak Properties, an investor in medical office properties nationwide. The price equated to $385 per square foot.

The building sits on a 19,301-square-foot site leased from the owner of the hospital. The deed was for an assignment of the land lease, not the underlying land.

 

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Healthpeak Sells Coconut Creek Senior Living Facility

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Healthpeak Properties sold the Sonata Coconut Creek assisted living and memory care facility for $11.9 million.

HCP AM/Florida LLC, an affiliate of Irvine, California-based Healthpeak, sold the 94-unit, 67,547-square-foot assisted living facility at 4175 W. Sample Road to CREF3 FSLP Coconut Creek Owners, managed by Fortress Investment Group, the New York-based private equity firm.

The price equated to $126,596 per unit. The property last sold for $9.69 million in 2002.

 

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