HTA agrees to a $48 million acquisition program for Medical Office properties

By Adam Lyons in : News // May 20 2010

SCOTTSDALE, AZ-Healthcare Trust of America Inc. has agreed to purchase $48 million worth of medical office properties in California, Georgia, South Carolina and Texas. The non-traded REIT expects to close on these acquisitions this quarter.

HTA announced the …(continued)…

Sovereign Funds Show Reignited Interest in Shopping for U.S. Property

By Adam Lyons in : News // May 20 2010

Sovereign wealth funds (SWFs) have grown at a remarkable pace over the last decade, quadrupling from an estimated $1 trillion in assets under management in 2000 to $4 trillion today, and expected to hit $6 trillion within two years. So it shouldn’t come as a surprise that U.S. property owners are abuzz about the new interest American real estate is generating among foreign investors representing such diverse governments as China, Singapore, Qatar and Norway. …(continued)…

Gilbert Office Building Sells for $1.2M

By Adam Lyons in : News // May 20 2010

The office building at 3336 E Chandler Heights Rd. in Gilbert, AZ sold for $1.2 million, or $256 per square foot, in a sale between two private parties.

The 4,683-square foot medical office building was completed in 2005 …(continued)…

Cap Rate Trends in 2010

By Adam Lyons in : Adam@Champion, Blog, News // May 5 2010

Average US retail capitalization rates decreased by 24 basis points in the 1st quarter of 2010 to 8.34%. This is the first major decline measured since the sustained declines ended in Q1 2007. The data is based on the CBRE Valuation & Advisory …(continued)…