Healthcare Real Estate

The deal with MFO was reflective of AHP's recognition of "consolidation taking place in the long-term care space and the substantial capital investment that would be required to continue fueling the business."

The acquisition complements other strategic acquisitions of clinic operators presently being pursued by Myconic.

Advanced Medical Properties has sold the class A, three-story medical office building, which is 100% leased to USC's Keck School of Medicine. The transaction sets a record price per square feet in Orange County.

The total market value of hotels sold for conversion over the next five years will range between $25 and $30 billion.

Medical office veterans Eric Lee and Chris Lashmet will lead the practice.

The construction financing will fund the firm's 217,123-square-foot, luxury senior living development, which will span three buildings and 201 units.

The recently renovated property, located on the campus of the Memorial Care Saddleback Medical Center, sold for $31.3 million.

While medical office buildings sales volume slowed in 2020, they performed better than most asset classes during the pandemic.