Underperforming AL/MC Assets Sell in Michigan
A buyer with operational expertise and capital resources acquired two seniors housing communities that were not stabilized at the time of sale. The new owner intends to stabilize performance, implement targeted management improvements and reposition the assets....Montecito Medical Acquires Daphne, Alabama Medical Outpatient Building
On January 21, Montecito Medical Real Estate announced that it purchased a medical outpatient building (MOB) in Daphne, Alabama. The MOB comprises 33,256 square feet. It is fully occupied by Southern Cancer Center, a prominent specialty provider in the area that is...Morris & Dickson Completes Prodigy Health Deal
On Monday, January 26, Morris & Dickson announced the successful completion of the acquisition of Prodigy Health. Effective immediately, Prodigy Health employees will become part of the Morris & Dickson family. Financial terms of the deal were not disclosed....Echo Real Estate Capital Acquires 2 Florida Medical Outpatient Buildings
Cushman & Wakefield announced that it represented ShareMD in the sale of two medical outpatient buildings (MOBs) in Florida (Ft. Lauderdale and Boynton Beach) to Echo Real Estate Capital, Inc. The Ft. Lauderdale MOB comprises 28,277 square feet. The four-story...Community Health Systems Announces $450 Million Divestment
In the latest divestment from Community Health Systems, it has sold Crestwood Medical Center in Alabama for $450 million to Huntsville Hospital Health System. Community Health System has been shedding hospitals for years to balance its portfolio and generate $1...Schedule a demo
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